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Was anyone else long on Bitcoin Cash before today?

Discussion in 'General' started by Knotcher, Nov 12, 2017.

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Page 31 of 46
  1. Mongo

    Mongo Administrator

    Do they output US dollars?
     
    Mongo, Feb 15, 2018
    #601
  2. SPL170db

    SPL170db Trackday winner

    Not necessarily

    I would only take it because I know there are a few retailers that currently find value with it that I could immediately dump it for....again provided they were selling something that I wanted. If all the places that accepted crypto were only places selling shit I have no use for then I don't find any value there. There isn't really anything from the Microsoft store I want at the moment for instance. But as mentioned before I think Amazon accepts bitcoins so there's plenty on there to buy. But again its inherent value is highly questionable/variable to the individual as Mongo mentions. His comparison to owning a domain name that maybe some would find value to, to others its worthless.
     
    SPL170db, Feb 15, 2018
    #602
  3. BigBird

    BigBird blah

    Bitcoin over 10K again...why? no one can explain
     
    BigBird, Feb 15, 2018
    #603
  4. Mongo

    Mongo Administrator

    I haven't seen bitcoin as an option when I check out on Amazon and I do that a lot :D
     
    Mongo, Feb 15, 2018
    #604
  5. sdiver

    sdiver Well-Known Member

    Getting close to taking you up on your offer to sell me 10 @ $11k each.
     
    sdiver, Feb 15, 2018
    #605
  6. SPL170db

    SPL170db Trackday winner


    I could be wrong, I thought I had read about that somewhere. Mehh
     
    SPL170db, Feb 15, 2018
    #606
  7. sdiver

    sdiver Well-Known Member

    You could not be more wrong. People didn't understand the internet 30 years ago. Crypto has astronomical worth, the only question is which will become Amazon and which Pets.com
     
    sdiver, Feb 15, 2018
    #607
  8. BigBird

    BigBird blah

    that offered expired. Maybe when it hit 5k again, we can revist it.
     
    BigBird, Feb 15, 2018
    #608
    sdiver likes this.
  9. dtalbott

    dtalbott Driving somewhere, hauling something.

    If they would just let us sell Pokemon in Pokemon Go, I'd catch them all.
     
    dtalbott, Feb 15, 2018
    #609
  10. Mongo

    Mongo Administrator

    What does understanding the internet have to do with anything at all? Just because it's net based doesn't make bitcoin any more valid than any other made up currency that has happened over the years.

    It's really simple to understand.

    This has a value agreed upon by the issuer and the end user -

    [​IMG]

    Now go buy milk with it.

    Bitcoin is nothing more than a D&B token for geeks.
     
    Mongo, Feb 15, 2018
    #610
    dtalbott and crashman like this.
  11. sdiver

    sdiver Well-Known Member

    Bitcoin provides liquidity to a technology you don't understand any more than you understood the potential of the internet 30 years ago. And yes Ive purchased a lot of things with my bitcoin. Mostly stock and other investments which are M2 (Money 2 in economics) just like bitcoin.
     
    sdiver, Feb 15, 2018
    #611
  12. Mongo

    Mongo Administrator

    And yet again - no, no it does not. It is not liquidity to a technology at all. It is a created fake currency that is not backed by anything more than it's own users. That's it.

    I do find it interesting you thinking you know what I understood 30 years ago, hell, this BBS alone has been going for 20. I'll give you I didn't foresee the cellular data end of things but the rest isn't a surprise in the least to those of us who were using it and watching the advent of ISP's and so on. Waiting for technology to catch up was frustrating for sure.

    Just because you got suckered into the hype and are still okay as long as others agree with you doesn't make it more real than a Dave and Busters token or tickets which can be traded for items too :D
     
    Mongo, Feb 15, 2018
    #612
  13. kangasj

    kangasj Banned

    kangasj, Feb 15, 2018
    #613
    terminus est likes this.
  14. Venom51

    Venom51 John Deere Equipment Expert - Not really

    It was highly over valued by the issuer at the time as well. :D
     
    Venom51, Feb 15, 2018
    #614
  15. sdiver

    sdiver Well-Known Member

    :D Guess it's time to get some D&B tokens and wait for them to explode in value.
     
    sdiver, Feb 15, 2018
    #615
  16. Venom51

    Venom51 John Deere Equipment Expert - Not really

    Venom51, Feb 15, 2018
    #616
  17. dtalbott

    dtalbott Driving somewhere, hauling something.

    dtalbott, Feb 15, 2018
    #617
  18. sdiver

    sdiver Well-Known Member

    Money is not just fiat currency. By definition, anything that can be easily converted to fiat currency is also considered money.
     
    sdiver, Feb 15, 2018
    #618
  19. Knotcher

    Knotcher Well-Known Member

    You could just go to gemini, etc. and exchange it for dollars.
     
    Knotcher, Feb 16, 2018
    #619
  20. SPL170db

    SPL170db Trackday winner

    SPL170db, Mar 16, 2018
    #620
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