Cryptocurrency

[SCNCY]

Sorry if already asked, but where do the American Dollars go when you purchase crypto currency?

You have to think of it like foreign exchange currency. If you go to Europe and exchange US dollars for Euros, your US dollars are going in to the exchangers account.

Same thing conceptually is happening with crypto, someone wants to exchange their crypto for paper currency. Although, right now, nearly everyone is using it as an investment.

 

[SCNCY]

Hhhmmmm........how hard is it to start one of these? Think I will start BCcoin. What’s the opening bids?

5 Chizik coins.

 

[FallOf81]

DOWN GOES FRAZIER !

 

[Clonedogg]

Ya, something about China banning financial and payment institutions from providing crypto services.

 

[SoapyCy]

this is my shocked face

 

[Fitzy]

this is my shocked face

Not shocking it's dipped... But, it is a little surprising how fast it happened.

However...

it's down 61% from it's high a month ago. it's a buying opportunity. and then when it goes down another 60% that's another buying opportunity.

Bitcoin is still up over 440% since you made this post back in 2018 .

 

[dafarmer]

Soybeans are up 60% and corn up 80% since 2018.

 

[SoapyCy]

Not shocking it's dipped... But, it is a little surprising how fast it happened.

However...



Bitcoin is still up over 440% since you made this post back in 2018 .

What other "currency" do people hoard that gains value over time?

 

[Fitzy]

What other "currency" do people hoard that gains value over time?

Chizik coins?

 

[Gunnerclone]

What other "currency" do people hoard that gains value over time?

https://www.christophersrarecoins.c...&utm_medium=TSG&utm_campaign=Q2/21 Rare Coins

 

[SoapyCy]

https://www.christophersrarecoins.com/?utm_source=GoogleSearch&utm_medium=TSG&utm_campaign=Q2/21 Rare Coins

Do you go shopping with bullion? Use it to buy durable goods? With silver there is at least a practical industrial application.

People say Bitcoin is a currency. Why does no one ever spend it?

 

[Cyched]

Do you go shopping with bullion? Use it to buy durable goods? With silver there is at least a practical industrial application.

People say Bitcoin is a currency. Why does no one ever spend it?

To be fair, people use it to pay ransomware

 

[MartyFine]

 

[NorthCyd]

 

[Althetuna]

Could you imagine if our banking system was based on Bitcoin? People are concerned about inflation now. Could you imagine what 30% inflation in one day would look like? This is why we have a national banking system.

It’s been a rude awakening for bitcoin investors who thought they could handle the crypto volatility. The world’s largest digital currency suffered a 30% one-day drop last Wednesday, falling to about $30,000 a piece.

Bitcoin's trading action lately is wild even by crypto's standards and the drama is not over yet

Strategists said heightened regulatory pressure as well as its technical picture are pointing to more wild trading ahead.

www.cnbc.com

 

[BCClone]

Could you imagine if our banking system was based on Bitcoin? People are concerned about inflation now. Could you imagine what 30% inflation in one day would look like? This is why we have a national banking system.

It’s been a rude awakening for bitcoin investors who thought they could handle the crypto volatility. The world’s largest digital currency suffered a 30% one-day drop last Wednesday, falling to about $30,000 a piece.

Bitcoin's trading action lately is wild even by crypto's standards and the drama is not over yet

Strategists said heightened regulatory pressure as well as its technical picture are pointing to more wild trading ahead.

www.cnbc.com

Then congress would get involved and 500% inflation would hit.

 

[khardbored]

Hhhmmmm........how hard is it to start one of these? Think I will start BCcoin. What’s the opening bids?

You can open a WeBull account for free, $100 minimum opening deposit. Can buy any amount of Bitcoin, Dogecoin, and probably some others.

Link: https://l.facebook.com/l.php?u=https://act.webull.com/pm/IHsv76tlNyzy/wwf/inviteUs/?fbclid=IwAR1KW03gu44b5jDd5rqhCvukhnJugngN7WcNLqhdyzGTSFr9GzoDCGihh_4&h=AT1yUd7cYsbO87JnqNBQILD2fffLH89QARE2ousUitNxeBi-VRBGG-T9auKCZTqrOX9q4H7e9-T-tYXtksPi89JCncq86UFx6jw0NVq2-d6UEpf16WFPdxmPAwvDGQfvSo-p24KRVJrU

(Note: Yes, this is a completely self-serving refer-a-friend link) But you also get 2 free stocks. Likely in the $5-$10 range.)

 

[discydisc]

Hhhmmmm........how hard is it to start one of these? Think I will start BCcoin. What’s the opening bids?

Just reach out to Greg on twitter: https://twitter.com/greg16676935420

 

[mustangcy]

What kind of idiot would drop 1K into Doge the morning Elon host's SNL only for an insane crash only a few hours later turning the 1K into like 600?


Me...I'm the idiot.

 

[isufbcurt]

Do you go shopping with bullion? Use it to buy durable goods? With silver there is at least a practical industrial application.

People say Bitcoin is a currency. Why does no one ever spend it?

I use it to pay assassins