...
No because they can't go to an exchange, sell BTC, get USD to their bank account and then go to their bank and withdraw USD. They can't do that. They will get national currency instead - in most cases.
So they use BTC as a hard currency / USD-equivalent currency. The BTC payment processors do the rest: If a payment processor can accept BTC as currency and send you a shipment of tangible assets like gold, silver, technology stuff (iphones, laptops, etc etc), it's like you have actually paid with USD and paypal. But it's not necessary to spend your BTC - you can also hold them as a safer alternative (compared to local currency that is devaluating), as some do with their hard currency holdings.
Can you point me to a country where that's actually happening, on non-trivial scale? Or are you talking about China, wher that's simply not the case? |
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... But countries that are immersed in that kind of shit do not value their fiat - they only value land, gold, tangible assets, hard currency (if they can get their hands on it) and Bitcoin (because through bitcoin they can actually have the equivalent of hard currency - despite their government blocking access to hard currency). So, in a sense, hard currencies like the dollar are not directly competitive with Bitcoin, but weaker ones are, because Bitcoin is the medium to have access to dollars despite a government's effort to prevent the population from stacking foreign exchange or using it to store wealth, or using it to conducting international trade.
So you're telling me people in those countries use Bitcoin to convert their shit currencies into US dollars?  |
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Is anyone watching the charts? 'Testing' 300. Oy...  |
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 >32000$ <2years^Not a joke, apparently. Adam don't find this shit funny no more, going long @420 musta hurt, now deleting posts  Sry 4 ur loss  i hate you so much. .gif]
What Causes an Addiction to Gambling?
Many factors can contribute to a gambling addiction, including desperation for money, the desire to experience thrills and highs, the social status associated with being a successful gambler, and the entertaining atmosphere of the mainstream gambling scene. Unfortunately, once a gambling addiction takes hold, breaking the cycle is difficult. Severe addictions can take hold when someone feels desperate financially and wants to make back what they have lost. Once the person finally wins, while they may end up collecting a massive amount of money from that win, it is rarely enough to cover what has already been lost. Most gamblers never even come close to breaking even. this is bullish, now stfu Having trouble controlling gambling habits [ ✓] Gambling when you cannot afford to [ ✓] Your friends and family express concern about your gambling [ ✓] Don't find this shit funny anymore [ ✓] If you think you or your loved one may be suffering from a gambling addiction, call 1-888-653-3525 to talk about the signs of a gambling addiction and your individual situation.  Dang! sub-310  Oh well, not like I didn't warn you |
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Only consolidation is, that after such a big fucking crash, there must SURELY be some kind of counter rally....I hope....lol
That's what they want you to think (as they keep dumping moar). |
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There goes another KiloBomb on Stamp.
How fucking cheap did these auctioned BTC actually go for?
Bro, they always go way above market. Because to avoid slippage  Besides, rich people don't give a shit about making money, they buy to hodl!  |
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No bounce. Christmas is cancelled.
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Who cares? I need a good entry price anyway. Let it drop or let it rise. I m fine with both directions.
Can you explain your trading strategy? Are you heavy on fiat or BTC right now? |
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^The $20 drop pure coincidence, or because winning bidders had to pay a huge premium above market & had to dump?
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This is another reason why bitcoin can never succeed. It's like an environmental disaster covered in flowers. Complete waste of scarce energy and sold as something wonderful.
securing a large financial network is not a waste. The right question to ask is "what sort of an asshole would create a financial network which wastes so much energy by design?!" If satoshi was correct in assuming that the cost of mining will gravitate toward the price of the coins mined, and we are currently paying 7-10% of entire network's total worth to secure it, and energy cost is the lion's share of total mining cost... That's like 7-10% of entire world's wealth wasted per year to "secure a financial network" (if Bitcoin becomes a global currency)  Pray for painless death? or did you think the banks/visa/mastercard/paypal didn't use energy?
Per transaction? Incomparably less energy. Not even in the same ballpark. I'd say bitcoin is a lot more energy efficient.
And you'd be dead wrong, too The system of mining even encourages using energy efficient miners because f you use old models that use more electricity you will go broke.
The gear goes offline when it consumes more electricity than the price of the coins 'mined' by burning that electricity. In other words, it is rational to mine up to the point at which (cost of wasted electricity) = (price of bitcoin mined). If "printing" a $100 bill cost $100, wouldn't you think it absurd? But that's exactly how Bitcoin works. |
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Anyone else notice China vs. The Rest Of The World spread is closing, but not in the way bulls said it would?
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All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact. File sharing is illegal too, dumbass. So are drugs. How do they stop people from file sharing? Happens every day on an extremely large scale. The joke is on government and their banks
All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender. Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature. But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One  I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful. Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better. As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One? Exactly, most governments already let you use Bitcoin. Mostly irrelevant?? Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin. Maybe you haven't heard of those companies... Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."Though, I must concede,there are a few markets where Bitcoin is making substantial inroads. Take criminal-to-criminal payments, for instance. "Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online." Excelsior!
Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks and talked down upon by the media is an enormous gain by any standard. What was Apple's market cap after 6 years? I'm curious? here's what I do know. Apple was founded in 1976. In 1983 their annual revenue was $1 Billion Dollars. In 1996, (20 years later) their market cap began declining from $10 Billion. Bitcoin touched $10 Billion in the first 5 years LOL. And there's plenty of room to grow considering that currencies are comprised of Trillion Dollar markets. It's also a big step that you can pay for things with Bitcoin regardless of whether or not the currency is being instantly converted. The more places that you can spend bitcoin (by any method) the more comfortable businesses and individuals will start getting to the idea of bitcoin in general. Eventually, conversions won't even be necessary. Because why convert when you can make up to thousand percent gains holding bitcoins for a few years. And, lastly, Bitcoin has a LONG way to go to catch up to the criminal usage of the US Dollar, which is surely measured in the hundreds of billions!  Say hi to your other troll friends for me...that is if they're not all being used by the same account holder. Lol, @ all the backpedaling, 'Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks.' Sure, when you start from nothing and end up with something, that's impressive; infinite % growth. That's also how every ponzi in the world works. Tho over the last 2 years, bit-coin has already lost 2/3 of its value on its way to zero. For dust thou art, and unto dust shalt thou return To put your 5 billion in perspective, the first iteration of Sergei Mavrodi's MMM ponzi snagged $10 Billion, so satoshi's paper $5 Billion is just meh. Sure, better than the shit ponzis created on bitcointalk, but meh nevertheless. And Bitcoin's 'market cap' is pure paper -- Bitcoin price would implode if someone tried to sell as little as, oh, a million bitcoins As far as catching up to fiat's real money's criminal usage, compare Bitcoin's 5 billion 'market cap' to real money's $25 trillion. 5 million times more fiat, and yet "bitcoin accounts for as much as 40% of criminal-to-criminal payments online." I got nothing, guess I'll just bloviate... For me, all that matters is that artificial sell pressure (by selling seized coins that likely wouldn't have all been for sale) has been diminished further. FBI has that many less coins to artificially "increase supply" with moving forward.
Hey, did you forget about GOXcoin disgorgement? And, since "bitcoin accounts for as much as 40% of criminal-to-criminal payments online," all Teh Man has to do is keep busting you, taking away your coins, and then selling them back to you. Profit! |
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All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact. File sharing is illegal too, dumbass. So are drugs. How do they stop people from file sharing? Happens every day on an extremely large scale. The joke is on government and their banks
All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender. Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature. But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful. Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better. As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One? Exactly, most governments already let you use Bitcoin. Mostly irrelevant?? Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin. Maybe you haven't heard of those companies... Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."Though, I must concede,there are a few markets where Bitcoin is making substantial inroads. Take criminal-to-criminal payments, for instance. "Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online." Excelsior!
Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks and talked down upon by the media is an enormous gain by any standard. What was Apple's market cap after 6 years? I'm curious? here's what I do know. Apple was founded in 1976. In 1983 their annual revenue was $1 Billion Dollars. In 1996, (20 years later) their market cap began declining from $10 Billion. Bitcoin touched $10 Billion in the first 5 years LOL. And there's plenty of room to grow considering that currencies are comprised of Trillion Dollar markets. It's also a big step that you can pay for things with Bitcoin regardless of whether or not the currency is being instantly converted. The more places that you can spend bitcoin (by any method) the more comfortable businesses and individuals will start getting to the idea of bitcoin in general. Eventually, conversions won't even be necessary. Because why convert when you can make up to thousand percent gains holding bitcoins for a few years. And, lastly, Bitcoin has a LONG way to go to catch up to the criminal usage of the US Dollar, which is surely measured in the hundreds of billions! Say hi to your other troll friends for me...that is if they're not all being used by the same account holder. Lol, @ all the backpedaling, 'Going from a market cap of $0 to $5 Billion in 6 years for something that was started by a bunch of geeks.' Sure, when you start from nothing and end up with something, that's impressive; infinite % growth. That's also how every ponzi in the world works. Tho over the last 2 years, bit-coin has already lost 2/3 of its value on its way to zero. For dust thou art, and unto dust shalt thou return To put your 5 billion in perspective, the first iteration of Sergei Mavrodi's MMM ponzi snagged $10 Billion, so satoshi's paper $5 Billion is just meh. Sure, better than the shit ponzis created on bitcointalk, but meh nevertheless. And Bitcoin's 'market cap' is pure paper -- Bitcoin price would implode if someone tried to sell as little as, oh, a million bitcoins As far as catching up to fiat's real money's criminal usage, compare Bitcoin's 5 billion 'market cap' to real money's $25 trillion. 5 million times more fiat, and yet "bitcoin accounts for as much as 40% of criminal-to-criminal payments online." |
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... and peel off a 20$ for the homeless guy!
Classy! |
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also the volume on Bitfinex should indicate the 500$ as the top of this parabolic rally. I guess we will just make lower highs and lower lows every time bull try to push it up for next couple weeks/months
therefor I expect a bearish slide from here on until we create a new bottom
Fuck it I'm going long. why so impatient? because thats what most bitcoin people are... Posting rockets all the way down and fomo buying at the top because moon... Totally not true. Bitcoiners are sophisticated, savvy investors who can teach us all a thing or two about finance. How about you STFU, huh? I'm not done fleecing the rubes yet. |
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^No need to rub it in, ChartBuddy. They know what they've done |
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All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact. File sharing is illegal too, dumbass. So are drugs. How do they stop people from file sharing? Happens every day on an extremely large scale. The joke is on government and their banks
All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender. Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature. But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful. Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better. As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One? Exactly, most governments already let you use Bitcoin. Mostly irrelevant?? Is that why Dell, Microsoft and PayPal are getting their feet wet with Bitcoin. Maybe you haven't heard of those companies... Mostly irrelevant because Bitcoin's market cap is roughly double net worth of Ty Warner -- the genius behind BTCeanie BTCbabies.Mostly irrelevant because mentioned companies do not accept bitcoin, but rather USD.
"In other words, Dell, Expedia, Microsoft, and Time, Inc. don’t actually “accept” bitcoins, per se. They accept U.S. dollars. It’s their bitcoin processing partners who accept bitcoin."Though, I must concede,there are a few markets where Bitcoin is making substantial inroads. Take criminal-to-criminal payments, for instance. "Europol said that, according to its data, bitcoin accounts for as much as 40% of criminal-to-criminal payments online." Excelsior! |
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All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact. File sharing is illegal too, dumbass. So are drugs. How do they stop people from file sharing? Happens every day on an extremely large scale. The joke is on government and their banks
All it takes for pigs to fly is tota and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs, that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender. Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature. But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One I didn't say "adopt it as legal tender" I said "accept it" It certainly doesn't need to be somehow officially recognized to be wildly successful. Either way, making Bitcoin illegal will have about the same impact as stopping mad gunmen from opening fire in gun free zones, and it will be even less successful than making file sharing illegal Most governments already let you to play with your tokens, just like you're free to invest in and trade BTCeanie BTCabies. As long as it remains mostly irrelevant, kept to crooks robbing other, dumber crooks, why should governments intervene? Which is not to say that as soon as bitcoiners get a dose of surprise buttsecs from their fellow crypto aficionados, they don't cry like little girls & run straight to Nanny State and her Jackbooted Thugs to make it all better. As for 'mad gunmen in gun-free zones'? Please limit your rage to teh internets & try not to hurt IRL people, k Wild One? |
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All it takes is one moderately sized country to accept bitcoin for another country's banning it to have little impact. File sharing is illegal too, dumbass. So are drugs. How do they stop people from file sharing? Happens every day on an extremely large scale. The joke is on government and their banks
All it takes for pigs to fly is total and complete absence of gravity and/or a set of powerful wings. Sadly (for the pigs that is, not for the rest of us not interested in being pelted by pigshit), neither is any more likely to happen than a country adopting Bitcoin as its legal tender. Regarding file sharing, you can't stop people from doing it completely -- you, for instance, will keep downloading warez forever, due to your angsty thieving nature. But normal people? We pay people for their work instead of sharing stealing it like you do, Wild One |
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