That's excellent...tell em to send me some cash...when the dumping began the pumping stopped and Bitcoin went into freefall as it reveals itself to be a worthless rock that charges huge fees to move money that got touted like the future of currency...only problem is NOBODY PAYS FOR ANYTHING WITH BITCOIN
-
Comment -
999
2 posters who did well do not post here often
BTC is still good (maybe the best) for moving $$$ aroundComment -
Sam I disagree...to move 500 into a sportsbook with my debit card costs like 560 bucks...even more with many ccs as they consider it a "quasi-cash" transaction for cash advance fees...it's fuckin crazy...the exchanges even charge 1.5% just to cashout. How can you say it's one of the best for moving money when ** charges 10 bucks to move 500 and the 10 fee is refunded. BTC is accepted NOWHERE and fees are HUGE...terrible way to move money imo...totally useless unless merchants start accepting BTC which isnt going to happenComment -
Bitcoin is great for moving cash
It will always have a place but days are over trying to trade it and make easy moneyComment -
It's great for cashing out yes...depositing meh...fees are outrageous for a quick deposit
Agreed on its days of being an investment are over...2/3 value lost in 2 months is a terrible investment...if you made a killing when it was being pumped up in every media around the globe great but that's overComment -
Only morons would buy it when it peek at 18,000- probly debating about suicide right nowComment -
If you know where to shop it's great for moving money. I buy through Square Cash for ~1.25% and with the fees low enough, costs me less than a quarter in miner fees these days to deposit. Withdrawing I can sell for .25% doing a limit order on GDAX or selling through itBit. It saves me foreign transaction fees on my card and it's one less company having my card info.
If you're paying over 10% in fees for Bitcoin, you're not shopping around.Comment -
Yes you can buy instantly with your debit card (never tried with a credit card, but I think you can for 3% load fee before buying Bitcoin). There is no fee to buy Bitcoin, but the spread on the buy price and market price is around 1.25% which is where they make their money. Only caveat is when you withdraw the bitcoin for the first time you have to provide your ID and a selfie to prove it's you making the purchase with your card which takes a day or 2 to complete. When I was given access a couple months ago, it took around 7-24 hours to withdraw after verification. The last couple weeks the withdrawals have been less than a minute after completing the request.Comment -
Bought in a tiny bit back when it dropped to 6k for the second time or so. I'm just gonna pump it into some crypto and hope "it's the one"Comment -
we have to hope it does not hit 5k then we are in troubleComment -
The reason I'll never invest a cent in BTC is bc I literally have no idea what causes it to move up and down...somebody said supply and demand forces but that makes no sense...here look at it like this
You buy a billion dollars worth of bitcoin (you're a big institutional investor that moves prices) and the price moves from 8000 to 9000 as ppl see the price going up and bc of your large transaction....then you sell at 9000 (making yourself a cool 120 mil in the process) and the price rockets down to 8000 or below as ppl see the big billion plus dollar selloff
Do you just rinse and repeat and make a 100 mil off of everyone everytime? I mean I just dont get it bc currency itself should not move with this volatility...the dollar isn't worth a dollar today and 10 dollars next month and 5 dollars the month after that etc...bc I know nothing about BTC being an investor is about like betting on a sports game except you dont know anything about the teamsComment -
Fuking FOMOComment -
I gave lmost everyone back with etherComment -
when you sell crypto on an exchange there are only a certain amount of ppl who place orders to sell or buy a certain amount of coins at a certain price. so say ppl only are willing to sell 10 bitcoins total between everyone on the exchange at 8k, after you buy all those you then need to buy bitcoins for the next lowest price ppl are willing to sell at, so you buy your next 10 at say 8,001 and it keeps raising as you buy out ppl willing to sell at each price. when you are selling the same thing happens to bring the price down. so if there were over a billion dollars of sell orders at 8k when you bought, then you wouldnt move the price at all. if there were only 5 dollars worth of sell orders at 8k and no other sell orders until 9k, then 6 dollars worth of bitcoin would move the price 1k.
now since bitcoin is a relatively small market its price is volatile and easy to manipulate. the price of the dollar does fluctuate also but you have to compare it to gold or something similar. from 2005 to 2011 the dollar lost 2/3 of its value when compared to gold.Comment -
Anyone who bought before December is still up big
Comment -
Bought again in the dip to 6k and bounced at 11.
Free money gentsComment -
seems dead
most of the coins all worth basically nothing nowComment -
Cryptos like Ether and Litecoin soon will be worthless again having both lost half their value in the last month alone...maybe they can get down to a buck again and the media or whoever can then pump them back up to 300 and make ppl rich again idk...all these cryptos are just totally worthless and not accepted currency anywhere.
Bitcoin was basically stable at around 500 for like 3 years and then suddenly in 2017 somebody decided its supposed to be worth 20k...yea fuckin right nice pump and dumpComment -
This is a good way to move cash around the world? Good, I'll remember that next time I need to get money to South Sudan.
Bitcoin is down in March by, what, 40 percent?
Good luck.Comment -
All we need it for is gambling
It really has no other uses actually other than speculationComment -
Bitcoin is only good for moving money around for illegal activities. Major companies want nothing to do with it. A few years ago everyone said bitcoin would be accepted eberywhere. What a joke. I cant think of any stores where you can use it as a payment method other than bitpay which is basically just a middleman.Comment
