Does anyone here trade bitcoins? I'm just starting. Is it as safe as paypal? Any thoughts? ;);)
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Does anyone here trade bitcoins? I'm just starting. Is it as safe as paypal? Any thoughts? ;);)
With services like Coinbase, Coinspot and CoinJar its becoming easier for the 'average' person (i.e. someone who doesn't understand quantum physics and hashing algorithm) to purchase bitcoins. Whether is as safe as Paypal, its a long and endless debate. Both have their pros and both have their cons.
In before fiat currency is corrupt scheme.
I will say that BTC has attracted many shady individuals who don't want to only purchase alpaca socks
I have heard that Bicoins is safer than PayPal - it is actually a form of digital currency, created and held electronically. No one controls it.
How exactly does that make it safer than fiat? At least with fiat currency theres a central backing and SECURITY. Not some kid relying on forum posts to secure their wallet. Sure BTC has somewhat convenience if you want to transfer funds faster. But at least banks, however greedy people think they can be, have security measures in place to combat fraud.Quote:
Originally Posted by RH-Calvin
Take the bitcoins and shove them up your ass.Those are my actual thoughts.:)Quote:
Originally Posted by JonieDerby
Kinkeeee....Quote:
Originally Posted by IdolEyes787Take the bitcoins and shove them up your ass.Those are my actual thoughts.:)Quote:
Originally Posted by JonieDerby
Here is something that I found online hope it would help you though it’s a little partial with bitcoins :)
10 Reasons Why Bitcoin Is Better Than Paypal
My thoughts exactly, but then I thought IdolEyes was PROBABLY trying to be rude. :lol:Quote:
Originally Posted by TheFoXKinkeeee....Quote:
Originally Posted by IdolEyes787
There is no need to be mean ... there are some people making money out of this, after all.
No, as hard as it is for you to seemingly fathom, I just think that all forms of speculation (ie doing nothing of actual value while profiting at the expense of others) is wrong.
As for the idiotic argument that "some people are making money out of this".Some people are likewise making money from flipping homes and selling their organs and human trafficking.Please now feel free to defend any of those with the same wank logic.
Also and this is just me being rude, most internet stuff is stupid and artificial and generally ghey.If you weren't a tree you'd probably see that.
You have the other way around, Idoleyes787, purchasing bitcoins with money that one person earned doing actual work is NOT WRONG. Those who purchase bitcoins also do so of their own free will, so there is also nothing wrong with that.
Purchasing bitcoins is also very similar to trading currency or stocks, if you do not know anything about that, you can research it. You can read and type, so I hope that you can do that and you will be able to understand what you will research. Again, there is nothing wrong with that.
Next, flipping homes and selling organs and human trafficking are three different things. It will take too long for me to explain the difference to you in words that you will understand, but the simple fact is those three are different. Flipping homes is a real estate business. Again, those who purchase home from courthouse bidding and then fixing them up and selling them are done by hardworking people who used money that they earned also while working hard.
Finally, you say that "most internet stuff is stupid" so you should get off this forum since participating in this forum is also internet stuff - you SHOULD see that. :) That is NOT me being rude, though. That's just me observing your ignorant assumptions about things you obviously do not understand.
Bitcoin is the equivalent of a real estate investor selling oceanfront property in Arizona. It doesn't actually exist and he doesn't have anything real to sell, but people start bidding for it, so it gains in "value". Others see that this could be a hot "property", so new people put real money in to purchase 1/1000th of the property. Eventually, as these shares fluctuate, some investors sell off their shares; others get in.
Enjoy your invisible, intangible, hyper-inflated, "currency" but understand that it is no more real than the imaginary property in my example. As soon as people realize there is nothing but hope, dreams, and fantasy behind it, it will have no real storage of value.
Stock trading artificially inflates or devalues the worth of something as does trading in currency and to some extent,commodities . I firmly believe something should be worth what it's actually worth...which btw isn't what people hoping to make a profit are necessarily willing to pay for it.
Flipping houses and real estate speculation artificially inflates home prices and a whole area's property values and municipal taxes to the point that a lot of decent,hard working people can't afford to either buy or continue to live in a home. Of course it isn't the same as selling organs because one is done out of desperation and the other out of greed.
As your ridiculous point about "free will" I'm pretty sure most wrongs in this world are done by people of their own volition so your "point" is a truly silly one.
As for "not understanding" which is perilously close to being assumption and as such based on nothing tenable , .I likewise don't fully understand what motivates certain people to torture animals but that that still doesn't stop me from knowing that it's wrong.
Now say how I can't compare torturing animals to flipping homes and further demonstrate your inability to think abstractly.
Money is valued by the exchange demand for that currency. If more items are being purchased with dollars, then that value goes up. Same for Pounds, Yen, etc. (even Canadian dollars, sometimes)
The same can be said for BitCoin. If more merchants are accepting it for payment, then its "value" goes up. However, it really is just Pixie Dust.
I do not mirror your belief regarding investment in real property, Idol. Outside of mattresses and buried coffee cans, wealth will either be stored in something, or will be placed in a bank, which will then be invested in something by thoseJewsbankers. Either way, money is invested and/or stored.
I remember you mentioning having a very early edition of a Spiderman comic. I doubt you'd sell it for the price stamped on the upper right corner.
I suppose that would entirely depend on who I was selling it to.
As for your Google understanding of money, look up floating exchange rate and then be smart enough to know that most of the determining factor statistics are subject to speculation and fudging and to some degree, politics.Or maybe at Wharton they taught you that RMBs an yens aren't worth snot because Asian people don't buy anything.
Seriously, the whole World went to hell when Goldfinger blew up Fort Knox and destroyed the gold standard.
I believe this sums it up nicely.
http://i.imgur.com/WKEghyb.png
Spoiler: ShowHonestly, I know fuck all about this equation. I'm fairly certain Rart uses it to determin how much laundry soap to use in the commercial washers.
Isn't it embarrassing when your kids know more than you do. :lol:Quote:
Originally Posted by megabyteme
Spoiler: ShowAsk your daughter for the solution.
Attachment 161391
I need this pattern with an expanding gap between the two lines as they go outwards. The one on the right.
kthxbai
http://digi-area.com/DifferentialGeo...lar-Spiral.phpQuote:
Originally Posted by Something Else
Closest I could come up with. If you are working with that, you might be able to tweak the second line based on the same formula as they seem to be following similar paths, but in opposite directions.
Just be careful where (with whom) You will trade, there is a lot of sites that You actually cant do nothing with what you "earn"
You sir are a good man. I salute you.Quote:
Originally Posted by megabytemehttp://digi-area.com/DifferentialGeo...lar-Spiral.phpQuote:
Originally Posted by Something Else
Closest I could come up with. If you are working with that, you might be able to tweak the second line based on the same formula as they seem to be following similar paths, but in opposite directions.
It had to be printed in to the bottom of a bottle of some new beer that was coming out by midnight that day. When you see them in the shops, the pattern may not be a hundred percent mathematically accurate. :pinch:
Happy it was what you were looking for. :)Quote:
Originally Posted by Something Else
Bought 1 at around $700. I hope they go up in price again :(
BTC Warriors Forum created for the discussion of bitcoin.
I hope you keep your Bitcoins...;-)
trading bitcoins is risky as buying stocks/shares. Don't know why people say "safe" unless they are not talking value. It is a very volatile currency, and so like with everything it depends on when you buy/sell and whether you can afford to have it sitting there until the right moment.
I had the opportunity once to buy bitcoins. That was years ago. I'd wish I had....
But if it had failed like some other cryptocurrencies you would have been glad you didn't.Quote:
Originally Posted by Animus
No one expectedthe Spanish InquisitionBitcoin.
I wonder how many people who were wondering if they should invest a few days/weeks ago will be regretting pondering. Or conversely how many will jump in now and be hit if it slumps backQuote:
Originally Posted by BBC
Fucking bitcoin. I spent like $20 worth of bitcoin on a news server in the early days because they offered like a 5% discount if I paid that way. Shit would be worth over a million dollars or something now. Literally. :pinch:
Back in 2013 some site wanted 1 BTC to subscribe so I bought 1.063 BTC for £10 was that was minimum spend. I used the 1 BTC so had 0.063 BTC left, back then about 50p worth. It's now worth £800. Still not sure if I should sell it or not.
Guess we may see more like this now the value is highQuote:
Nearly $64m in bitcoin has been stolen by hackers who broke into Slovenian-based bitcoin mining marketplace NiceHash.
The marketplace suspended operations on Thursday while it investigated the breach, saying it was working with law enforcement as “a matter of urgency” while urging users to change their passwords.
The hack was “a highly professional attack with sophisticated social engineering” that resulted in approximately 4,700 bitcoin being stolen, worth about $63.92m at current prices, said NiceHash head of marketing Andrej P Škraba.
Already slumped back quite a bit over the last 2 days..Quote:
Originally Posted by nQQ
I feel your pain.Quote:
Originally Posted by Skiz
srsly
Oh, what could have been. :cry:Quote:
Originally Posted by SneeI feel your pain.Quote:
Originally Posted by Skiz
srsly
I look at cryptos like casino gambling now. I've done pretty good with some of my petty gambles lately.
Bought my first ethereum at $51. It started doing well so I bought another at $179. Sold both last week at $852 ( x 2 = 1700) minus the $230 or so I spent gives me a solid profit.
I threw $1000 at bitcoin when it was at $7600 and sold when it stalled for a couple days at around $19000. A little more than doubled up there.
Watched Litecoin for a while but never bought in. Should have.
The only thing I have money in right now is Ripple. Bought in at $0.46 and its hanging at around $1.20 last couple days. I think I'm just gonna let that ride for forever.
The only people who I feel worse for with bitcoin are the ones that hung onto it and sold as soon as it jumped to $2k or something, not foreseeing the jump to $19k in a matter of days. The folks who mined for years or had $1000 worth and sold for $5000 quick cash after years of holding, only to miss the real money days later.
You've made more than me off them thus far, then.
ATM I have some cardano and tronix which I swapped for some bitcoin in the pre-christmas crash, and just a little bit of BAT, and a few dogecoin somewhere, if I can find my doge-wallet. ATM I'm at about +/- 0 when factoring in transfer costs, but if I'd bought in when I started looking at Cardano in particular, I'd had about five times my money now.
If I'd mined back when everyone told me to, and held onto it until now, when wooo.
I know someone who's got about half a bitcoin from mining back then, but can't find their wallet, and who didn't even know how much they are up to until I told them. That's what I imagine would have happened to me to if I had mined. That's also what my doge situation is like, lulz. Lucky I don't have many.
Are you mining at all? I use nice hash on the main office pc and my bedroom pc. Been making about $10-12/day in BTC doing that. Wish I’d started years ago when I scoffed at it. Just been going a few weeks tho.
My gear isn't good enough to be cost-effective for bitcoin, not with our energy prices, I reckon. I've considered doing something like monero or even ethereum, but not gotten into it yet.
I did dogecoin waaay back, but that was mostly for lulz.
Fuck it. I just bought another GTX 1080 FTW to toss into the rig. It should pay itself off in ~3 months. I'll have a free card plus additional profits after that. I'll have three GPUs running when that gets here.
On a side note, I have a friend in Louisiana with a couple gas wells. Long story short he gets free electricity on them. Trying to talk him into each of us buying a few S7 miners to put out there in the country and grind away 24/7. I've read that while they're awesome little miners, the average lifespan on them is only like 6 months. :dabs: