wiscotitansfan Posted January 25, 2019 Report Share Posted January 25, 2019 50 minutes ago, Jamalisms said: https://www.yahoo.com/finance/news/bitcoin-worth-less-cost-mine-105331363.html That's been the case for a while now where it fluctuates above and below the mining cost. It's hilarious how cryptos have destroyed the computer graphics card markets by driving the prices up and a lot of graphics cards that are used make no sense to buy because they have just been torched by being put through the ringer for weeks on end burning through so much power. Link to post Share on other sites More sharing options...
titanruss Posted January 28, 2019 Report Share Posted January 28, 2019 On 1/26/2019 at 3:31 AM, wiscotitansfan said: That's been the case for a while now where it fluctuates above and below the mining cost. It's hilarious how cryptos have destroyed the computer graphics card markets by driving the prices up and a lot of graphics cards that are used make no sense to buy because they have just been torched by being put through the ringer for weeks on end burning through so much power. graphics card market is just fine right now. back to normal prices with the new lines sprinkling in Link to post Share on other sites More sharing options...
wiscotitansfan Posted January 28, 2019 Report Share Posted January 28, 2019 (edited) 1 hour ago, titanruss said: graphics card market is just fine right now. back to normal prices with the new lines sprinkling in For sure, one of the other reasons besides new models is because normal idiots finally figured out not to mine BTC off your home desktop anymore. Doesn't change the fact how much of a joke the marketplace was for the better part of a couple years because demand was so high for something most of the idiots were clueless about No fucking way would I ever buy a used graphics card from the 10 series timeline, too many morons who spent thousands trying to get rich quick Edited January 28, 2019 by wiscotitansfan Link to post Share on other sites More sharing options...
wiscotitansfan Posted February 23, 2019 Report Share Posted February 23, 2019 Up to $4000, get in while you can!!! OILERMAN 1 Link to post Share on other sites More sharing options...
Titans_Win_Again Posted February 27, 2019 Report Share Posted February 27, 2019 https://www.nytimes.com/2019/02/23/opinion/sunday/venezuela-bitcoin-inflation-cryptocurrencies.html Link to post Share on other sites More sharing options...
pat Posted March 3, 2019 Report Share Posted March 3, 2019 On 2/27/2019 at 3:20 PM, Titans_Win_Again said: https://www.nytimes.com/2019/02/23/opinion/sunday/venezuela-bitcoin-inflation-cryptocurrencies.html This is an interesting and valid use of Bitcoin titanruss 1 Link to post Share on other sites More sharing options...
titanruss Posted March 4, 2019 Report Share Posted March 4, 2019 13 hours ago, patsplat said: This is an interesting and valid use of Bitcoin it's why it will stick around. its a long-term hold. not sure it will ever hit the exponential growth again.. but it will def beat inflation Link to post Share on other sites More sharing options...
Starkiller Posted March 4, 2019 Report Share Posted March 4, 2019 This is only practical in extreme cases of hyperinflation. Relatively few people will ever experience it in their lifetimes. Link to post Share on other sites More sharing options...
Titans_Win_Again Posted March 4, 2019 Report Share Posted March 4, 2019 2 hours ago, Starkiller said: This is only practical in extreme cases of hyperinflation. Relatively few people will ever experience it in their lifetimes. There are lots of other countries with high inflation rates right now(Iran, Turkey) where the populace are starting to use bitcoin as a way to stop their government from robbing them of their savings through inflation. Hypothetically, what percent of the world's population do you think would rather hold their wealth in something inflation resistant like gold instead of the fiat currency of their country, if it were possible/convenient? 50%? 75%? Literally everywhere outside of Europe and North America? Blockchain is going to enable this revolution and Bitcoin is likely to be the dominant cryptocurrency because it is far and away the most secure. Then you have places like China were the government's Orwellian control over the banking/payment systems will drive people to crypto as a way to retain their freedom. Link to post Share on other sites More sharing options...
Starkiller Posted March 4, 2019 Report Share Posted March 4, 2019 At that point it isn’t a cryptocurrency because it isn’t currency. It’s just a way to park your money. This is is the main issue with bitcoin. It’s effectively an investment, not currency. Link to post Share on other sites More sharing options...
titanruss Posted March 5, 2019 Report Share Posted March 5, 2019 (edited) 11 hours ago, Starkiller said: At that point it isn’t a cryptocurrency because it isn’t currency. It’s just a way to park your money. This is is the main issue with bitcoin. It’s effectively an investment, not currency. I’ve bought and sold things using BTC. Its a currency. Not as widely accepted as one would like.. but it’s more widely accepted than many many countries actual currencies. The issue is transfer rate with BTC. Other cryptos have it figured out. But are more unstable/ unsafe. Edited March 5, 2019 by titanruss Link to post Share on other sites More sharing options...
Titans_Win_Again Posted March 5, 2019 Report Share Posted March 5, 2019 (edited) Being a "currency" is beside the point really. People buying and holding it as an inflation/sanction/seizure resistant store of value is what will drive the adoption/price. Edited March 5, 2019 by Titans_Win_Again Link to post Share on other sites More sharing options...
OILERMAN Posted March 24, 2019 Report Share Posted March 24, 2019 Majority of bitcoin trading is a hoax, new study finds https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html New research is casting even more doubt on the legitimacy of bitcoin trading. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The analysis showed that “substantially all of the volume” reported on 71 out of the 81 exchanges was wash trading, a term that describes a person simultaneously selling and buying the same stock, or bitcoin in this case, to create the appearance of activity in the market. In other words, it’s not real. Those exchanges report an aggregated $6 billion in average daily bitcoin volume. The study finds that only $273 million of that is legitimate. “The idea that there’s fake volume has been rumored for a long time; we were just the first people to systematically look at which exchanges were delivering real volume,” Hougan told CNBC. Link to post Share on other sites More sharing options...
Jamalisms Posted March 24, 2019 Report Share Posted March 24, 2019 Organized crime and white male libertarians. Link to post Share on other sites More sharing options...
Supdawg Posted April 2, 2019 Report Share Posted April 2, 2019 Bear Market is officially over! Bitcoin had a 1,000$ candle last night. OILERMAN 1 Link to post Share on other sites More sharing options...
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