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Nonsense. It's totally normal for bitcoin to drop like this. It has happened many, many times. Until we get down to $5000, it's barely even a crash.
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Let's see, it's buy low then spend high. By god your right!  |
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You will need to provide "secured collateral" valued at more than the loan amount. The collateral will be held until repayment or sold in the event of non-payment. A car title or the deed to a home may work, gold bars, or something may also work. In any case the terms are about what a bank would require.
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There is only one God, and her name is Bitcoin.  |
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The word "recover" implies that the price is sick and will get better. That is an analogy and not necessarily true. The price is a moment to moment indication of the price people will sell at. It is never sick. It is what it is, like it or not.
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For me it is not about price at all. I simply do not want US dollars or other fiat currencies.
Yes i bet i was getting out of fiat and into physical gold/silver before you come across the name Bitcoin Losing millions in USD is of no concern as long as my bitcoin is safe. So you spent millions $$$ buying BTC knowing that it could crash just as easy as it jumped up ? Don't let me argue with you, not many millionaires here so clearly you must be smarter than me because i am a sucker and believe everything that I read ! Millionaires are not smarter than you. It's true that I have made millions but it's also true that they mean nothing to me. I am here to bring financial fairness to markets bring fair money to people. Everything else is negotiable. F#c!< money, freedom is what counts. |
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now this is the kind of thing that has partly caused the mess we are in at the moment. the reason i gather for the south korean clampdowns and raids on peer to peer exchanges is because people were doing stupid stuff and getting into crypto way over their heads. sounds like this is happening in south africa also. if it continues and people do stupid stuff the authorities will have to do something drastic "again" some people have no financial knowledge at all  Oh? Why would selling one of your Land Rovers for bitcoin not make sense? Why is it stupid to sell a depreciating asset for an asset that is seeing growth beyond anything known in investing? |
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I like it. looking forward to about $6K then perhaps a long slow climb. |
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I was in Africa a couple weeks ago and saw it myself. Bitcoin is Africa will be huge.
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Do you actually think someone knows the answer to this question? |
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For me it is not about price at all. I simply do not want US dollars or other fiat currencies. Losing millions in USD is of no concern as long as my bitcoin is safe.
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Does the wire transfer go into coinbase USD wallet?
Yes. It's credited to your account and you will see your balance in USD go up. The fee for the wire transfer is for the bank. Anytime you want to use US dollars you are going to pay. So bank transfers, credit cards those things come with fees. |
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Secured collateral would be like the title to a car or the deed to a home. Something worth more than the loan request. Something that can be held by the issuer of the loan and liquidated for non-payment.
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Some clarification. The mining fee has nothing to do with Coinbase. Mining fees are to cover the cost of transferring money, which is not free. Coinbase/GDAX fees range from free for "market making" to expensive credit card purchases. They are expensive because credit cards cost money. It's normally factored into the price of items, but when you buy gold or bitcoin you see just how expensive they really are.
Read here:https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees
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Hey guys,
Does anyone have experience with sending wires to coinbase? When you start wire from coinbase application, you write in the amount you are sending. Lets say you are buying 1 whole bitcoin for the current price, Does coinbase look at what time you placed that order for wire transfer and look at the value of bitcoin at that time or do they count the value of bitcoin at the time they accept your wire (which maybe 1week time) meaning you sent the amount for 1bitcoin but the price went up after 1 week so you dont have amount for 1 bitcoin.
Which of the above scenario is correct?
First you will need to deposit the fund. You can not directly buy coins. So, after your wire transfer is completed ( could take several days) the money will be deposited in your coinbase fiat account ( USD, GBP EURO etc). Then you can buy coin. So the price will be the price of the day when you buy the coin. That's a good explanation. The wire transfer will deposit funds into your Coinbase account. Then you can purchase for whatever the price is. |
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In the beginning that was the only option. Direct peer-to-peer transactions are what bitcoin is all about. You never need a bank, an exchange, or any third party. They only exist because sometimes it makes more sense. For example exchanges facilitate easy transactions by connecting buyers and sellers, banks have vaults for holding you private keys. But no one is needed.
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If my bitcoin is encrypted on the blockchain, and, I'm the only person to have the private key, how is it possible someone else can hack it? My bitcoin is still on the blockchain, right? And I'm the only one with the key!
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As long as you are the sole owner of a private key then only you can spend/move the associated balance. The blockchain itself is the truth as mathematically verified by computers around the world so attacking it is not really feasible. A thief is more likely to try getting your private key by tricking you and/or installing software on your computer. In the cases of exchanges disappearing with funds, they are able to do so if the exchange controls the private key. They often do. For this reason it is advisable to use only licensed businesses and withdraw your funds after transactions. |
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Because people doesn't know the reality about how the government is corrupting us through taxes. As I observed, people remain poor even if they have good jobs because of taxes.
Yes, you got the point. Even though we're paying taxes to the government, there are a fu**ing people on the goverment trying to corrupt our money for their needs which is really stupid and should be dead. Which is for helping poor people but hold by wrong people. That is true in many places. But bitcoin is a global community and worldwide taxes range from fair to criminal. The idea of pooling everyone's money to fix roads and clean the water is never the problem. Greed is the problem. Simple ugly greed.  |
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Do you want a war?, do you promote violence?, if not i dont see why you should be asking this question, We leave by a rule of law. Taxes are just a means of collecting revenue used for maintenance of a country.. if there are no taxes the economic structure of a country could just crumble, So yes people agree because its the right and logical thing to do
I absolutely agree with you. It's alarming how many people do not understand this connection. Not that taxes can't be abusive, but the general idea is the best solution we have to pay for civilization. |
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Racist mathematics? Sadly you don't need to look far to find racism, but that is a silly story. |
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