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Yea definitely terrible for daily transactions. Basically, the only type of transaction I think the base layer beats currently is sending wires through Banks. Maybe credit card if your worried about chargebacks and disputes.
What are other cryptos that are still cheap to transact with but have widespread adoption currently? LTC, BCH? Guess ADA and Doge as well?Comment -
Yeah these cryptos are not like stocks where you can research them and get an idea of their value, and then make an educated buy at a good price. This crypto shit has no value to research whatsoever. One coin can be worth $1, or $60,000 and it doesn't even matter. Because it isn't based on earnings or making profits.
There is no "valid reason" for the price of these coins to be $1, or $60,000!
I think some of the huge gain in price was a bunch of losers who have no idea about investing started buying bit-coin and other crypto with their free money stimulus checks thinking they were going to be gozillionaires in two weeks. Then, just like the Gamestop fiasco, when they start losing, they start panic selling because they have no idea how to invest, they have no idea how to do anything but lose.Comment -
this is just so wrong to view this subjest this way . back in the days , only people that were good at programming were the ones using computer. you had to understand commands . nowadays you do not need that . everything is happenning behing curtains . you got whole solutions builded on top of those commands . it will be same with crypto . you can already spot the difference in using it now than 3 years ago , 6 years ago , 9 years ago . you will also have great transaction systems , it is just a matter of development. as a matter of fact whenever you are using swift transfer it is another layer solution for banking system . same is working vi sa and so on . I understand this scepticism that bitcoin is too expensive now , because you cannot transfer 100$ because you are paying 15$ or so on. However you need to understand it was invented for smaller number of users . it is all about updating the code or implement 2nd layer solutions , and the main idea in bitcoin as well as ethereum now it is to focus mostly on preserving network security , even with way slower improvements . saying there are not any payment solutions which are promising is just pathetic
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Did I say they aren't promising ? Nothis is just so wrong to view this subjest this way . back in the days , only people that were good at programming were the ones using computer. you had to understand commands . nowadays you do not need that . everything is happenning behing curtains . you got whole solutions builded on top of those commands . it will be same with crypto . you can already spot the difference in using it now than 3 years ago , 6 years ago , 9 years ago . you will also have great transaction systems , it is just a matter of development. as a matter of fact whenever you are using swift transfer it is another layer solution for banking system . same is working vi sa and so on . I understand this scepticism that bitcoin is too expensive now , because you cannot transfer 100$ because you are paying 15$ or so on. However you need to understand it was invented for smaller number of users . it is all about updating the code or implement 2nd layer solutions , and the main idea in bitcoin as well as ethereum now it is to focus mostly on preserving network security , even with way slower improvements . saying there are not any payment solutions which are promising is just pathetic
I said none have widespread adoption (including btc) and that is correct
Doesn't mean it can't get there some day but as of now bitcoin and cryptos have no real world use case other than speculationComment -
The one thing that stands out to be about this crypto, especially BTC - is that apparently scarcity doesn't equal higher value.
All I see, read, hear about, is this country and that country cracking down on miners. Always an article about some huge mining farm getting shut-down by a government somewhere in the world.
Along with articles or people always stating that a majority(I think I've seen reports as high as 90%) of all bitcoins in existence are owned by like 1000 people.
And yet, the price has kept dropping since it's all time high.Comment -
I'm always curious about the whole blockchain technology as in "how 'Unique' is it?" Because when you read the "details" or the "about" section for a digital coin/token/etc. on Coinbase - or any trading platform - the descriptions always read like it's something unique, yet at same time sounds vaguely similar to what another coin is allegedly doing.this is just so wrong to view this subjest this way . back in the days , only people that were good at programming were the ones using computer. you had to understand commands . nowadays you do not need that . everything is happenning behing curtains . you got whole solutions builded on top of those commands . it will be same with crypto . you can already spot the difference in using it now than 3 years ago , 6 years ago , 9 years ago . you will also have great transaction systems , it is just a matter of development. as a matter of fact whenever you are using swift transfer it is another layer solution for banking system . same is working vi sa and so on . I understand this scepticism that bitcoin is too expensive now , because you cannot transfer 100$ because you are paying 15$ or so on. However you need to understand it was invented for smaller number of users . it is all about updating the code or implement 2nd layer solutions , and the main idea in bitcoin as well as ethereum now it is to focus mostly on preserving network security , even with way slower improvements . saying there are not any payment solutions which are promising is just pathetic
Like with the banks saying they're "exploring" or "creating" a new branch to "invest" in crypto - to me that means they're probably just looking into it more in order to see if it's feasible to create their own blockchain, as well as for tax write-off purposes.
Because what's stopping the big banks from just creating their own blockchain(s)?Comment -
This. I sold at 50-52k and have just been farming with stabelcoins since, but if I were hodling, I wouldnt dump now....its too late.
Also wouldnt buy quite yet either. We could go down to 20k, idk........but I always wait for clear reversals before buying. I dont get the bottom but I always dont buy then it dumps further. In 2019, I didnt buy at $3000.....I bought back in at 4000-5000 when it sent a $1000 candle and I knew it was safe again.Comment -
YES to all this! And since the point of crypto was/is to be able to make CHEAP and anonymous transactions, then what reason is there for it to be an "investment"?? And what reason is there for it to go 2, or 5, or 10 times up (or down) in price/value in 3 or 4 months? I don't think there is any reason for that. Hell, just set the price of a BTC or LTC or ETH at a certain amount and leave it alone and let people make cheap transactions with it! But it is too late for that now.
Too many people have bought it now to hold it as an investment and not even use it for its intended purpose!
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Everything is pumping!!! Let's effing goooooooooo!!!Comment -
My Ada and Omi bags are ready; hell, even my shi* coin AstroElon (ElonOne) is pumping.
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setting price to what ? what would be your point of reference ? usd ? I do not think it is a good idea . looking at history btc is holding value better than usd . that s why plenty of people want to invest in it , that why you got rampant swings. every asset class is volatile in price discovery phase. it will be more stable in the future. then on top of bitcoin you can build 2nd layer solutions that are super stable , cheap , fast . thats normal proccessYES to all this! And since the point of crypto was/is to be able to make CHEAP and anonymous transactions, then what reason is there for it to be an "investment"?? And what reason is there for it to go 2, or 5, or 10 times up (or down) in price/value in 3 or 4 months? I don't think there is any reason for that. Hell, just set the price of a BTC or LTC or ETH at a certain amount and leave it alone and let people make cheap transactions with it! But it is too late for that now.
Too many people have bought it now to hold it as an investment and not even use it for its intended purpose!Comment -
The Dodgey-Father should go penetrate himself and then go hype up the kids about some dopey coin named after himself.
We know he is not a moron, so he doesn't have that excuse. So it has to be he is scammer or just and egomaniac talks shit without researching and doesn't care about the people (many youngsters like my nephew and niece) he "promised" that DOGE was going to be the peoples currency.
Then the piece of work starts claiming it uses too much power, when just one single bank (BofA) uses more electricity per day than bitcoin miners.
Guy has proven himself to be selfish, egocentric, complete douche canoe IMHO.
Not mentioning his name in the same sentence of crypto ever again would be the best move all of us on board the train could make.
penetrate him and anything he touches..Comment -
Oh yesComment -
Charge!!!!
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Automatic bitcoin buy when it hits 29,000.. Oooops I did it again just yesterday. Back up to almost 32,000 today....
Can make money with the big swings after a buy and dump like this. Rinse and repeat.Comment -
elon will pump it today if cathie wood shows him her strap-ons
The ₿ Word | Live with Cathie Wood, Jack Dorsey, & Elon Musk
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I'll buy Bitcoin at $25,000 in September.Comment -
i buy if saylor sellsComment -
It looks like BULL RUN resumes..
Bitcoin Bull was exhausted since we climbed to 60's WAY TOO FAST!
Enough break! Let the Bull Run CONTINUE!Comment -
Nano is getting traction, fee-less and instant. Can use at most places that accept altcoins.Comment
