Dafar
Legendary
 Offline
Activity: 1330
Merit: 1000
dafar consulting
|
 |
April 10, 2014, 02:29:10 PM |
|
Its funny cause bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money. These adoption bubbles are good shit.
What if I believe in bitcoin AND want to make money? |
|
|
|
|
coinnewbit
|
|
April 10, 2014, 02:30:56 PM |
|
Its funny cause bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money. These adoption bubbles are good shit.
What if I believe in bitcoin AND want to make money? How do you go about doing so? |
|
|
|
|
Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
|
|
April 10, 2014, 02:51:01 PM |
|
Its funny cause bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money. These adoption bubbles are good shit.
What if I believe in bitcoin AND want to make money? How do you go about doing so? Buy and hold? |
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3696
Merit: 1217
|
|
April 10, 2014, 03:21:02 PM |
|
when sellers are done selling, we then have new solid blood of btc hodlers, and the next rally shall start
The next rally will not start when the sellers are done selling. The next rally will start when there is a sudden surge in the demand for Bitcoin. Remember, the last surge was caused by the increasing demand from China. |
|
|
|
|
|
|
Syke
Legendary
Offline
Activity: 3878
Merit: 1193
|
|
April 10, 2014, 03:29:12 PM |
|
Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
The exchange rate volitility is a minor issue. It'll go away over time. Merchants can accept bitcoins without having to fear fraud, counterfeits, or chargebacks. If they aren't comfortable with the volitility, they can be exchanged instantly for fiat. There is no safer payment method for a merchant than bitcoins. |
Buy & Hold
|
|
|
hilariousandco
Global Moderator
Legendary
Offline
Activity: 3850
Merit: 2647
Join the world-leading crypto sportsbook NOW!
|
|
April 10, 2014, 03:43:36 PM |
|
Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
The exchange rate volitility is a minor issue. It'll go away over time. Merchants can accept bitcoins without having to fear fraud, counterfeits, or chargebacks. If they aren't comfortable with the volitility, they can be exchanged instantly for fiat. There is no safer payment method for a merchant than bitcoins. It's more worrying for the users to be fair. People aren't going to spend their coins when they've lost half their value that they bought 'em for. |
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3696
Merit: 1217
|
|
April 10, 2014, 04:00:11 PM |
|
The exchange rate volitility is a minor issue. It'll go away over time. Merchants can accept bitcoins without having to fear fraud, counterfeits, or chargebacks. If they aren't comfortable with the volitility, they can be exchanged instantly for fiat. There is no safer payment method for a merchant than bitcoins.
Fraud is also a major concern. With so many wallet hacks and coin robberies happening, we can't exactly say that Bitcoin is completely devoid of fraud. |
|
|
|
|
Syke
Legendary
Offline
Activity: 3878
Merit: 1193
|
|
April 10, 2014, 04:14:09 PM |
|
Fraud is also a major concern. With so many wallet hacks and coin robberies happening, we can't exactly say that Bitcoin is completely devoid of fraud.
Yes, but that sort of fraud is a secondary nature. The payment to the merchant is completely safe. Once the merchant has the payment, it is completely within their control to keep it safe. To put it in another form, all other payment methods are like accepting 0-confirmation bitcoin transactions. They may or may not be valid. A 6-confirmation bitcoin transfer is far safer than every other payment method in existence. |
Buy & Hold
|
|
|
hilariousandco
Global Moderator
Legendary
Offline
Activity: 3850
Merit: 2647
Join the world-leading crypto sportsbook NOW!
|
|
April 10, 2014, 04:17:27 PM |
|
The exchange rate volitility is a minor issue. It'll go away over time. Merchants can accept bitcoins without having to fear fraud, counterfeits, or chargebacks. If they aren't comfortable with the volitility, they can be exchanged instantly for fiat. There is no safer payment method for a merchant than bitcoins.
Fraud is also a major concern. With so many wallet hacks and coin robberies happening, we can't exactly say that Bitcoin is completely devoid of fraud. They're definitely needs to be more security on wallets for mainstream adoption. I'm sure these will come with time though. |
|
|
|
|
|
cr1776
Legendary
Offline
Activity: 4074
Merit: 1303
|
|
April 10, 2014, 11:46:52 PM |
|
FiatLeak shows trades. So if A buys 10 BTC from B and A sells 10 BTC from C, and A, B, and C are in China that shows 20 BTC traded (perhaps for litcoin), but there may be no net inflow of money coming from people in China (or anywhere else it tracks). It is an interesting site, but the premise that it is only showing money flowing from fiat into BTC then it is not correct. It shows SOME money flowing from fiat into BTC, but it also shows trading in bitcoin that does not represent new money flowing into bitcoin. |
|
|
|
|
|
BitCoinsLOL
|
|
April 10, 2014, 11:57:14 PM |
|
Waiting and extremely skeptical I'll take a look after the 15th.
|
I never thought my life could be. Anything but catastrophe. But suddenly I begin to see. A "BIT" of good luck for me. Cause I've got a golden ticket!
|
|
|
leopard2
Legendary
Offline
Activity: 1372
Merit: 1014
|
|
April 10, 2014, 11:59:00 PM |
|
You might be happy because you are able to buy more. But in general, this can be extremely band news for Bitcoin. Do you think any shopkeeper will trust a currency which goes from $1,200 to $400 in a month's time?
Sure they will because the BTC transaction confirms in 10 minutes and Bitpay transactions take only seconds to complete Not a month, not a week, not even an hour. Thus volatility is not a problem. |
Truth is the new hatespeech.
|
|
|
|
BittBurger
|
|
April 11, 2014, 12:35:42 AM |
|
bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money.
I couldn't have said it better myself. See my signature for why. -B- |
|
|
|
|
ampere9765
|
|
April 11, 2014, 12:36:55 AM |
|
Its funny cause bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money.
I couldn't have said it better myself. See my signature for why. -B- Is that a joke? Buy and hold = you are trying to reap long term speculative gains. You are looking for money |
|
|
|
|
|
BittBurger
|
|
April 11, 2014, 12:38:21 AM |
|
He said those "just" looking for money. Versus those who believe in Bitcoin.
I am holding because I believe in Bitcoin.
Bad wording on his part.
Bad comprehension on yours.
-B-
|
|
|
|
|
bitcoinsrus
|
|
April 11, 2014, 12:38:37 AM |
|
Its funny cause bitcoin has a way of rewarding the ones who believe in bitcoin and punishing those just looking for money.
I couldn't have said it better myself. See my signature for why. -B- Is that a joke? Buy and hold = you are trying to reap long term speculative gains. You are looking for money What else am I suppose to do? Get a job?  lol jk  |
|
|
|
|
|
ampere9765
|
|
April 11, 2014, 12:39:17 AM |
|
I am holding because I believe in Bitcoin.
Obviously he's comparing that to people who try to play the system for a quick buck, with no confidence in the technology.
Bad wording on his part.
Bad comprehension on yours.
-B-
Whatever you gotta tell yourself It's bullshit and we both know it Like I said earlier, the buy and holders around here are the biggest book talkers of them all |
|
|
|
|
|
BittBurger
|
|
April 11, 2014, 12:41:03 AM |
|
What's bullshit?
That I believe Bitcoin will succeed long term?
Obviously I believe that if I am holding right now, and buying more.
Nobody said I wasn't also going to enjoy the profits.
He said "Just" want to make money.
Nevermind. Talking to a dummy. (see signature)
|
|
|
|
|
