User Panel
User Panel
User Panel
|
Posted: 3/24/2019 8:42:53 AM EDT
[#1]
Bitcoin will be around for awhile. It's deflationary design, human nature and supply limitations will cause it to continue bubbling and crashing.
|
|
|
|
Posted: 3/24/2019 8:43:08 AM EDT
[#2]
Quote HistoryQuoted:
What exactly does an exchange faking volume have to do with bitcoin itself? Bitcoin is the largest pump and dump in the history of history. 
|
|
|
|
Posted: 3/24/2019 8:47:09 AM EDT
[#3]
Gold and silver.
Nothing else. Money for 87 hundred years.
|
|
|
|
Posted: 3/24/2019 8:51:29 AM EDT
[#4]
Quote HistoryQuoted: but I can't buy real things with monopoly money.... what gives? So bitcoin is real fake money? |
|
|
|
Posted: 3/24/2019 8:56:32 AM EDT
[#5]
Quote HistoryQuoted:
I could never believe in computer money. |
|
|
|
Posted: 3/24/2019 9:49:30 AM EDT
[#6]
Quote HistoryQuoted: Yes, because a 2-1/2" x 6" piece of paper has "real value" that you can believe in. a gallon of water is worth more than a similar volume of gold to a man stuck in the desert. What is the cash value of a parachute to a guy falling from an airplane with out one? id trade a SPARE parachute for 20 lbs of currency, i wouldn't give up my primary. |
|
|
|
Posted: 3/24/2019 10:25:17 AM EDT
[#7]
Quote HistoryQuoted: It has the power of "if other countries stop trading in it we will kill a bunch of their people and break a bunch of their shit". So there is that... |
|
|
|
Posted: 3/24/2019 10:31:37 AM EDT
[#8]
Quote HistoryQuoted:
bitcoin is fake money anyway. ...sounds familiar |
|
|
|
Posted: 3/24/2019 10:37:47 AM EDT
[#9]
Quote HistoryQuoted:
Seriously, this is one of the most astute postings I've ever read. Spot on. Quote HistoryQuoted:
Quoted: It has the power of "if other countries stop trading in it we will kill a bunch of their people and break a bunch of their shit". So there is that... Should be a red flag. |
|
|
|
Posted: 3/24/2019 10:44:49 AM EDT
[#10]
Quoted:
Be careful out there. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation.
Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange-traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. As a part of the process, it submitted analysis that could help regulators cut through the noise. Take a look at it this way, the world plays monopoly, we all agree to the rules of the game and used the currency of the game. Then someone comes along and says I want to use currency from the game PayDay because they are the ones who know how to make more money from the PayDay game. |
|
|
|
Posted: 3/24/2019 10:53:20 AM EDT
[#11]
Majority of trading is derivatives (and not electronic) bitcoins and other cryptos; Bix Wier has been saying this for a while. A lot of exchanges don't have the electronic asset to transfer so if you're into trading cryptos, take delivery into your own off line paper wallet.
Mt. Gox is a good example of an exchange that bought and sold without having the actual electronic digital assets to sell or transfer. |
|
|
|
Posted: 3/24/2019 10:57:57 AM EDT
[#12]
"Fake" dollar bills work when the power goes out. Does Bitcoin? Also, when you sell Bitcoin, what are you paid with?
|
|
|
|
Posted: 3/24/2019 11:01:01 AM EDT
[#13]
Quote HistoryQuoted:
"Fake" dollar bills work when the power goes out. Does Bitcoin? Also, when you sell Bitcoin, what are you paid with? |
|
|
|
Posted: 3/24/2019 11:01:24 AM EDT
[#14]
Quote HistoryQuoted:
bitcoin is fake money anyway. |
|
|
|
Posted: 3/24/2019 11:07:45 AM EDT
[#15]
Quote HistoryQuoted:
"Fake" dollar bills work when the power goes out. Does Bitcoin? Also, when you sell Bitcoin, what are you paid with? I'd be happy to take btc payment for gun parts if I had any for sale right now. |
|
|
|
Posted: 3/24/2019 11:19:08 AM EDT
[#16]
How much fiat currency is based on real assets? How many dollars are 'created' out of thin air? How much of what we accept of our monetary system is a 'hoax'?
|
|
|
|
Posted: 3/24/2019 11:21:27 AM EDT
[#17]
Quote HistoryQuoted:
Did hey pay his capital gains taxes? Quote HistoryQuoted:
Quoted:
There was at least one arfcommer that sold when bitcoin hit it's high a year or two back and he made a shitload of money. |
|
|
|
Posted: 3/24/2019 11:22:35 AM EDT
[#18]
Quote HistoryQuoted: I did. |
|
|
|
Posted: 3/24/2019 11:24:31 AM EDT
[#19]
Quoted:
Be careful out there. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation.
Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange-traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. As a part of the process, it submitted analysis that could help regulators cut through the noise. |
|
|
|
Posted: 3/24/2019 11:27:18 AM EDT
[#20]
Quote HistoryQuoted:
"Fake" dollar bills work when the power goes out. Does Bitcoin? Also, when you sell Bitcoin, what are you paid with? 
|
|
|
|
Posted: 3/24/2019 11:30:35 AM EDT
[#21]
Quote HistoryQuoted:
Did hey pay his capital gains taxes? Quote HistoryQuoted:
Quoted:
There was at least one arfcommer that sold when bitcoin hit it's high a year or two back and he made a shitload of money. Capitol gain tax is bullshit anyway |
|
|
|
Posted: 3/24/2019 11:30:40 AM EDT
[#22]
Quote HistoryQuoted:
And this is what they want you to believe, no nation wants bitcoin to be successful. Quote HistoryQuoted:
Quoted:
Be careful out there. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation.
Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange-traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. As a part of the process, it submitted analysis that could help regulators cut through the noise. You don't have to go all in on blindly defending it or blindly criticizing it. You have to know both the strengths and weaknesses of cryptocurrency if you want to do well with it. |
|
|
|
Posted: 3/24/2019 11:31:28 AM EDT
[#23]
Quote HistoryQuoted:
I hope not, gov says bitcoin is Monopoly money so why pay taxes on something that isn't of value. Capitol gain tax is bullshit anyway Quote HistoryQuoted:
Quoted:
Quoted:
There was at least one arfcommer that sold when bitcoin hit it's high a year or two back and he made a shitload of money. Capitol gain tax is bullshit anyway |
|
|
|
Posted: 3/24/2019 11:31:39 AM EDT
[#24]
Welcome to the get rich quick scam of the 21st Century. It isn't about risk mgt., it's about choosing how you want screwed because you will get screwed.
|
|
|
|
Posted: 3/24/2019 11:41:51 AM EDT
[#25]
Quote HistoryQuoted:
I dont get the naysayers. You have a board full of people that talk about the tree of liberty but love magic government endorsed money that effectively steals from them at the rate of inflation just to keep the authoritarian police state funded. |
|
|
|
Posted: 3/24/2019 11:49:42 AM EDT
[#26]
Quote HistoryQuoted:
Yes, because a 2-1/2" x 6" piece of paper has "real value" that you can believe in. Quote HistoryQuoted:
Quoted:
I could never believe in computer money. Butcoin is a bunch of 1s and 0s floating aroubd in space. It has no intrinsic value whatsoever. |
|
|
|
Posted: 3/24/2019 11:53:15 AM EDT
[#27]
Quote HistoryQuoted:
No way Op. Its the next big thing. You just gotta keep pumping money into it to see. |
|
|
|
Posted: 3/24/2019 11:53:29 AM EDT
[#28]
Quote HistoryQuoted:
bitcoin is fake money anyway. |
|
|
|
Posted: 3/24/2019 11:53:31 AM EDT
[#29]
Quote HistoryQuoted:
I love how bitcoin nerds hate the thought of using a physical fiat currency backed by an actual economy. They prefer a fiat currency that requires internet access, can't be accessed during a long term power outage, and is backed by the full faith and credit of 4chan. And then they think it is somehow "off the grid" and going to protect them from the government tracking their purchases and seizing their assets. The same government that literally controls internet access and wireless bands. Gonna be kind of tough to initiate plan bitcoin bug out if the deep state Rothschild money control conspiracy was true after all and they simply block consumer access to the internet like North Korea. |
|
|
|
Posted: 3/24/2019 11:54:40 AM EDT
[#30]
Quote HistoryQuoted:
Yes, because a 2-1/2" x 6" piece of paper has "real value" that you can believe in. Quote HistoryQuoted:
Quoted:
I could never believe in computer money. 
I almost finished that. |
|
|
|
Posted: 3/24/2019 11:57:05 AM EDT
[#31]
Wall Streetand the Big Bankers said they were going to destroy Bitcoin right? Crooks don’t like competition.
I have never and will never buy bitcoin, but gee that stinks like sour milk in a rotting asshole on a hot day. |
|
|
|
Posted: 3/24/2019 12:01:43 PM EDT
[#32]
Quote HistoryQuoted:
bitcoin is fake money anyway. |
|
|
|
Posted: 3/24/2019 12:03:28 PM EDT
[#33]
Quote HistoryQuoted:
You can trade dollar bills in virtually every conceived location. I can pay someone off the street to 10 bucks to help me move a couch from my house, to the moving trailer in the street. Any informal transaction can take place with cold hard cash. Quote HistoryQuoted:
You can trade dollar bills in virtually every conceived location. I can pay someone off the street to 10 bucks to help me move a couch from my house, to the moving trailer in the street. Any informal transaction can take place with cold hard cash. Butcoin is a bunch of 1s and 0s floating aroubd in space. It has no intrinsic value whatsoever. Remember the old saying about goods and services: You have 3 choices: quality, cost, and speed- but the laws of economy dictate you can only pick two. Well, crypto-currency lets you have all 3. I'd say thats a fuck ton of intrinsic value. |
|
|
|
Posted: 3/24/2019 12:04:13 PM EDT
[#34]
Quote HistoryQuoted: Well it is backed by the good faith of the federal res.....
I almost finished that. If anything real federal backed money is the REAL shtf money. Even more useful for trade than gold. I mean, who off the street will give you something you desperately needed and you tried to give them shavings of Gold? Crypto currency has no actual value.. |
|
|
|
Posted: 3/24/2019 12:11:01 PM EDT
[#35]
Quote HistoryQuoted: Yes, because a 2-1/2" x 6" piece of paper has "real value" that you can believe in. |
|
|
|
Posted: 3/24/2019 12:11:42 PM EDT
[#36]
Quote HistoryQuoted:
Same here. Quote HistoryQuoted:
Quoted: I did. |
|
|
|
Posted: 3/24/2019 12:12:48 PM EDT
[#37]
Quote HistoryQuoted:
You can trade dollar bills in virtually every conceived location. I can pay someone off the street to 10 bucks to help me move a couch from my house, to the moving trailer in the street. Any informal transaction can take place with cold hard cash. Butcoin is a bunch of 1s and 0s floating aroubd in space. It has no intrinsic value whatsoever. Quote HistoryQuoted:
Quoted:
Quoted:
I could never believe in computer money. Butcoin is a bunch of 1s and 0s floating aroubd in space. It has no intrinsic value whatsoever. |
|
|
|
Posted: 3/24/2019 12:13:07 PM EDT
[#38]
Quote HistoryQuoted:
Can't buy a hooker and blow with crypto. Pimps don't take checks or crypto. Cash only. Quote HistoryQuoted:
Quoted: Yes, because a 2-1/2" x 6" piece of paper has "real value" that you can believe in. So yes, you can buy hookers AND blow with crypto. |
|
|
|
Posted: 3/24/2019 12:15:10 PM EDT
[#39]
Quote HistoryQuoted:
It is physical currency. I can buy a bundle of corn on the cob that tastes amazing, that my co-worker grows in his back yard. The most possibly informal transactions can take place with cash. If the internet goes down, or power goes out, you can still trade with it. I can't use it to buy a bottle of water in a natural disaster emergency either and my loved one is having severe dyhydration. If anything real federal backed money is the REAL shtf money. Even more useful for trade than gold. I mean, who off the street will give you something you desperately needed and you tried to give them shavings of Gold? Crypto currency has no actual value.. Quote HistoryQuoted:
Quoted: Well it is backed by the good faith of the federal res.....
I almost finished that. If anything real federal backed money is the REAL shtf money. Even more useful for trade than gold. I mean, who off the street will give you something you desperately needed and you tried to give them shavings of Gold? Crypto currency has no actual value.. |
|
|
|
Posted: 3/24/2019 12:18:55 PM EDT
[#40]
Although I don't have any dealings with bitcoin, I doin't really see how it is that much "worse" than US currency. Both systems count on people trusting the system. Neither bitcoin, nor US government currency are currently backed by anything like gold or silver. The internet could be arbitrarily shut down, and the government could arbitrarily devalue it's own money, so both systems have potential problems.
Fortunately, people are free to use whichever system they are more comfortable with (at least for now). |
|
|
|
Posted: 3/24/2019 12:48:31 PM EDT
[#41]
Quote HistoryQuoted:
And this is what they want you to believe, no nation wants bitcoin to be successful. |
|
|
|
Posted: 3/24/2019 12:57:57 PM EDT
[#42]
I traded $1700 in "real" money for this "fake" money. Later I traded my "fake" money for about $13k of "real" money. Could have been a lot more if I would have waited longer. But I still have about $3k in "fake" money. I don't care if any of it is real or if the market is manipulated. I can't get hurt at this point.
|
|
|
|
Posted: 3/24/2019 1:00:53 PM EDT
[#43]
Quote HistoryQuoted: It really isn't. It's only valuable if the other party to the transaction agrees it's valuable. shtf? Maybe not so much. Those pieces of folded up paper aren't going to hydrate their kids. Federal backed currency is way more trusted than crypto currency. It is much more transparent as well. Crypto currency seems pretty clandestine about many of their activities and process. |
|
|
|
Posted: 3/24/2019 1:01:20 PM EDT
[#44]
Love GD crypto threads.....it amuses me to read all the misinformed people out there that think they know what crypto is.
|
|
|
|
Posted: 3/24/2019 1:32:12 PM EDT
[#45]
Quote HistoryQuoted:
If people aren't accepting cash for trade, then they sure as heck aren't accepting bitcoins either. I have to disagree with this "all or nothing" approach. The idea that if US dollars isn't backed by gold, then it is the exact same thing as crypto currency. Federal backed currency is way more trusted than crypto currency. It is much more transparent as well. Crypto currency seems pretty clandestine about many of their activities and process. Quote HistoryQuoted:
Quoted: It really isn't. It's only valuable if the other party to the transaction agrees it's valuable. shtf? Maybe not so much. Those pieces of folded up paper aren't going to hydrate their kids. Federal backed currency is way more trusted than crypto currency. It is much more transparent as well. Crypto currency seems pretty clandestine about many of their activities and process. Federal backed currency is "way more trusted" by people who are ignorant of how money works. It is not any more transparent -- bitcoin is all math and all public for everyone to see. |
|
|
|
Posted: 3/24/2019 1:34:06 PM EDT
[#46]
Quote HistoryQuoted:
Love GD crypto threads.....it amuses me to read all the misinformed people out there that think they know what crypto is. Here's a pro tip for everyone I'll give you for free. You won't have to spend any time reading or thinking on your own like faggots: The intrinsic value of Bitcoin comes from the security, verifyability, and processing power of its network. There you go. You can either take my word for it, or go somewhere else other than GD to learn more about it. |
|
|
|
Posted: 3/24/2019 1:38:41 PM EDT
[#47]
Quote HistoryQuoted:
Yes, because a 2-1/2" x 6" piece of paper has "real value" that you can believe in. Quote HistoryQuoted:
Quoted:
I could never believe in computer money. |
|
|
|
Posted: 3/24/2019 1:41:34 PM EDT
[#48]
Quote HistoryQuoted:
Love GD crypto threads.....it amuses me to read all the misinformed people out there that think they know what crypto is. |
|
|
|
Posted: 3/24/2019 1:46:42 PM EDT
[#49]
Quote HistoryQuoted:
I started this thread just to see how quickly we would arrive at the "you just don't understand bitcoin" phase. everyone should read the entirety of the actual PDF, and not the mass-media synopsis. https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf the reason i suggest this is that there are actually three takeaways from the PDF, not just the one that the media is currently circle-jerking on. |
|
|
|
Posted: 3/24/2019 1:51:32 PM EDT
[#50]
Quote HistoryQuoted:
Here's a pro tip for everyone I'll give you for free. You won't have to spend any time reading or thinking on your own like faggots: The intrinsic value of Bitcoin comes from the security, verifyability, and processing power of its network. There you go. You can either take my word for it, or go somewhere else other than GD to learn more about it. the authors of that PDF are professional portfolio managers tasked with presenting the SEC a plan to bring a bitcoin-based ETF to market. the dataset they boiled into statistical conclusions demonstrates a much deeper understanding of the bitcoin environment than previously shown; hence all the buzz regarding their analysis. are you still right? should we take your word for it? |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
