Anybody invested in Bitcoin? By its design, I think it's a really interesting vehicle for wealth preservation similar to gold. Finite supply that cannot be diluted. It also seems to be a good alternative for individuals living in countries with worthless currency (i.e. Venezula) or countries threatening to do away with cash altogether (India). There's a growing list of retailers that accept BTC as a form of payment, and markets are plenty fluid enough to buy and sell whenever you want. Current value stands at ~$915 per BTC.
I've gone down some deeeep internet rabbit holes looking into Bitcoin. Still not sure I quite grasp all of the intricacies.
The concept is cool, but the risk of theft is too great for me to take it seriously as an investment vehicle. It'd be like waking up some day and your bank being like "Hey, someone robbed us and took all of your gold. Sorry."
It's your own fault if you let your BTC get stolen. There's no reason to hold any substantial amounts in an online wallet. 10 minutes of research will give you multiple options for locking things up in offline storage
Same here. But not sure it's a prerequisite to understand all of the theory before investing. At the end of the day, it's easy to buy and easy to spend
Absolutely do. Not. 'invest' in Bitcoin. Volatility is based on pure speculation around legislation. I've used them before,but for other stuff.
Large numbers of people are already in. It's growing more mainstream every day. I booked a flight a couple of weeks ago on Expedia with Bitcoin
Microsoft, NewEgg, Expedia, CheapAir, Dell, Overstock to name a few Not to mention you can buy electronic gift cards to just about anywhere through sites like Gyft
its use is pretty widespread. i've used it before to pay for one of those aforementioned bootleg league pass sites.
Pretty sure there was a bitcoin thread on here years ago. I have a Coinbase wallet. Use Bitcoin for loading and withdrawing on gambling sites. Good stuff.
Authors? What's Coinbase have to do? Will suck if I have to switch because I like their instant transfers w debit card...
I only did it because, in a nice fuck you to local fans, 90% of Blazer games are broadcast only by Comcast's sports channel. I have satellite. Even if I paid $250 or whatever League Pass costs, I would not be able to watch Blazer games.
I'm well aware that exists. I don't really have time to watch games like before, so I'm not paying for one this year, but the paid streaming sites are better.
no they swapped that up in 2015 when a new product team took on online wizard games, opting instead for generic tokens, called friardollars, that could be earned and then turned in for items specific to their class. this in turn was modified in 2016 with juggsbucks, which left some people out in the cold with friardollars, as they weren't transferable. meanwhile the new juggsbucks were even less popular and more volatile on trade networks, as they also mixed up stats and made it hard to tell which gear was better or not. all this brings us back to
Use bitcoins for transferring in/out money for gambling sites. One of the Bitcoin ATMs is a few blocks from my place. Pretty neato mosquito
(((Bitcoin))) is a globalist ploy to install a one world government. Rothschilds own all of the servers, I'm surprised you guys didn't know that.
no idea what "using them to sell" means. i get them from cashing out of my online sportsbook and transfer them to my bank account. i used the ATM one time and it was just like a regular ATM I just wanted cash quicker. Coinbase buys/cashouts take like 4-6 days
Did a lot of research on Bitcoin when it was all the rage a couple years ago. Had a buddy that set up a mining operation .... but it wasn't all that profitable. My problems with Bitcoin 1) Its not easy to use for the average computer user. 2) Security. Mt Gox got robbed blind, among others. One of the sites hit everybody who had an account instead of just those that had bitcoins stolen. Straight X% haircut, forget which site. 3) Competition. Right now there is no competition. However, all the big banks are spending money to create their own forms of digital currency. I think people will adapt to a currency backed by major banks very quickly once it becomes available.
Items 1 and 2 can be overcome pretty easily if individuals take about an hour to educate themselves. Item 3 is a valid concern, but Bitcoin will still have the benefits of a public registry and miniscule transaction fees. Those will remain attractive compared to anything the big banks can put out there.
Have at it. I just think there are some large obstacles that need to be overcome before wide scale adoption. That doesn't mean the price can't increase though. Good luck
i think the word is "speculate." normally "invest" refers to some kind of productive economic activity
Wow. Yes, I do. Don't judge! St. John's is 'world's first Catholic church to accept bitcoin' Daniel Cawrey (@danielcawrey) |Published on October 17, 2013 at 22:15 GMT As people move away from slips of paper to digital forms of money, there’s a possibility the concept of the cash donation might decline. But that’s not the real reason Father Adaly Rosado Jr. from the Church of St. John the Evangelist in Goshen, NY decided to put a virtual currencies donation button on the parish’s website. “I put it up a year ago. I was just curious to see what would happen,” Father Rosado said. Unfortunately, only 0.488 BTC have been donated so far, which is around $60 at recent CoinDesk BPI rates. The church has over 2,900 registered parishioners, though, so if he can spread the word about digital currency, he could soon notice more bitcoin donations come flooding in. Father Rosado believes that St. John’s the Evangelist is the first Catholic Church to accept bitcoins and he thinks virtual currency donations can be much more useful than those in fiat currencies. “In theory, in the future, you could exchange bitcoins for any currency. It would be faster to move money around,” said Father Rosado. He explained that traditional methods have failed him in the past - for example a check he sent to a youth group in the Dominican Republic was lost in the mail so he had to cancel the check and use a service similar to Western Union in order to send the money. All of this took time - time that could have been saved if bitcoin was used. Outside view of the church in Goshen, NY. Source: The Chronicle While St. John’s biggest donation denomination is still in cash, Father Rosado has brought newer digital options to the congregation. PayPal and Parish Pay, a Christian-backed form of PayPal, is also accepted. The church is also accepting litecoin donations. Father Rosado likened bitcoin to gold and litecoin to silver. "If people want to give us that, no problem. The way I see it, this is money that we would not have had otherwise." The Catholic church isn't the only religious institution that has expressed interest in bitcoin. Jackson Beazer, social media supervisor at The Church of Jesus Christ of Latter-day Saints said his church is "very aware of and excited about technological advances and changes". He went on to explain that Mormons have embraced many technological changes in recent years, adding: "The Church is very much excited for and hopeful for any new change or technological tool that can help make life easier, more convenient, and will help us accomplish our purpose throughout the world as smoothly as possible." Father Rosado is happy that someone decided to donate bitcoins to his church, but, due to the anonymous nature of bitcoin transactions, is unsure who it was. “I have no idea who put the 0.488 bitcoin in the account, but if these anonymous people want to donate, then we will accept it!” No matter where it came from, it’s clear that donations could and should become a big aspect of virtual currencies. Father Rosado suggested that the more these units of value are moved around, the more people will believe in their abilities to behave just like the fiat currencies everyone is used to. “One thing people do with actual money is donate it. People want to do this, which can make bitcoin an actual currency," he said. Check out St. John’s bitcoin donation page or their litecoin donation page if you’re interested in giving some virtual currency to the church.
depends on who you're selling to... most bitcoin users would say the biggest selling point is anonymity
Nah... in·vest inˈvest/ verb expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
First deposit I made into 5dimes for opening weekend of college football bitcoins were ~$550. Around the NCG they were more than doubled at like $1200 IIRC