September 7, 20215 yr Author The life cycle of money 1. Collectible 2. Store of Value 3. Medium of Exchange 4. Unit of Account We are now officially between 2 and 3. Fair value for something that is adopted as a medium of exchange for the world and has the greatest store of value properties of any asset ever is millions per BTC
September 7, 20215 yr Author 43 minutes ago, Aspiritfall said: What was with todays dump? Whales sell off? A good "sell the news" event. It won't last imo. People will realize that a country literally went through with using BTC as legal tender
September 7, 20215 yr 2 hours ago, Aspiritfall said: What was with todays dump? Whales sell off? Way too much money leveraged. Had to clean the books. Over 2 billion liquidated today.
September 7, 20215 yr 33 minutes ago, DaEagles4Life said: Way too much money leveraged. Had to clean the books. Over 2 billion liquidated today. I have to be honest I'm not entirely sure what that means... People borrowing money to buy crypto and paying it back by selling off?
September 8, 20215 yr These new instruments popping up allowing for crypto lending at scale does concern me a bit in the sense that an already volatile market could be ripe for the conditions in which a large bubble could be formed before borrowers begin defaulting en masse. Players like blockfi are exposed in this scenario and with it could go the money many us have with them.
September 8, 20215 yr 1 hour ago, Aspiritfall said: I have to be honest I'm not entirely sure what that means... People borrowing money to buy crypto and paying it back by selling off? They can do that, but most likely they are playing with leverage.
September 8, 20215 yr Author Leverage is a part of every system, even more so in the stock market. I don't think it's any more noteworthy here Eyes on the prize; Bitcoin is significantly more useful and valuable than gold and yet still significantly underpriced relative to it. What happens in between getting there is just noise
September 8, 20215 yr 1 hour ago, mattmcginley7 said: If someone thinks that Bitcoin is going to increase in value, then why on earth would they pay for something using Bitcoin instead of cash?
September 8, 20215 yr Author 2 hours ago, Phillyterp85 said: If someone thinks that Bitcoin is going to increase in value, then why on earth would they pay for something using Bitcoin instead of cash? https://www.investopedia.com/terms/g/greshams-law.asp That's a great point, and it's known as Gresham's law The interoperability of Bitcoin to go to dollars and back, to be accepted, and to be borderless are all extremely important though. Sending BTC doesn't have remittance fees Many people in El Salvador also don't have bank accounts, as well as 3 other billion people around the world. They'll gladly choose Bitcoin to do commerce and save in.
September 9, 20215 yr Author On 9/7/2021 at 10:15 PM, Phillyterp85 said: If someone thinks that Bitcoin is going to increase in value, then why on earth would they pay for something using Bitcoin instead of cash? 1 hour ago, ToastJenkins said: Called it! Lol A 10% drop in crypto is normal. Noise
September 13, 20215 yr Walmart to accept litecoin payments https://www.reuters.com/business/retail-consumer/walmart-accept-litecoin-payments-2021-09-13/?taid=613f570b8673f2000160b43f&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
September 13, 20215 yr 48 minutes ago, DaEagles4Life said: Walmart to accept litecoin payments https://www.reuters.com/business/retail-consumer/walmart-accept-litecoin-payments-2021-09-13/?taid=613f570b8673f2000160b43f&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter FWIW, Walmart has come out and denied the report.
September 13, 20215 yr 33 minutes ago, vikas83 said: FWIW, Walmart has come out and denied the report. Shorted it so worked for me.
September 20, 20215 yr Author On 9/13/2021 at 1:23 PM, greenskeeper said: How do you buy this HEX coin ? I’ve got some play money to throw at it, but have never bought crypto 1. Buy Ethereum on an exchange (Coinbase works well) 2. Download Metamask. (Make sure you write your password down TWICE and store in different places) 3. Go to uniswap.org 4. Connect your Metamask wallet (you literally just have to press a single button to do it) 5. Send your Ethereum to your Metamask address 6. Swap your Ethereum for HEX I'm a big fan of it, just was over 3000x a couple days ago. When PulseChain launches, it will fork Ethereum and every token that runs on Ethereum, so that includes HEX. So if you buy HEX before the PulseChain launch, you'll have your HEX that's on Ethereum's network AND you'll have the same amount of HEX on PulseChain's network. It's a big deal
September 21, 20215 yr Author "Why do I have to buy Ethereum to get HEX" The easiest way to explain it is imagine Apple has a currency and you could only use that to buy anything on the app store. In order to have access to that ecosystem, Ethereum is what's used for it
September 21, 20215 yr So I threw a token amount into ETH and BTC when it dropped 10% a couple weeks ago, and they've been cratering the past 2-3 days. SHOULD I BUY MORE!??!!? YOLO!
September 21, 20215 yr 22 minutes ago, JohnSnowsHair said: So I threw a token amount into ETH and BTC when it dropped 10% a couple weeks ago, and they've been cratering the past 2-3 days. SHOULD I BUY MORE!??!!? YOLO! September has always been a crap month and think we got a little downward movement before October.
September 21, 20215 yr If the market in general falters, it could carry over somewhat into the crypto space as people pull money out of risky assets and continue to seek safer options.
September 21, 20215 yr Author 43 minutes ago, greenskeeper said: Thanks. I'll throw some play money at it. That's what I did on launch day and it's the greatest financial decision I've ever made lol I'm doing that for PulseChain as well.. But a little more than play money this time
September 22, 20215 yr On 9/20/2021 at 7:59 PM, mattmcginley7 said: 1. Buy Ethereum on an exchange (Coinbase works well) 2. Download Metamask. (Make sure you write your password down TWICE and store in different places) 3. Go to uniswap.org 4. Connect your Metamask wallet (you literally just have to press a single button to do it) 5. Send your Ethereum to your Metamask address 6. Swap your Ethereum for HEX I'm a big fan of it, just was over 3000x a couple days ago. When PulseChain launches, it will fork Ethereum and every token that runs on Ethereum, so that includes HEX. So if you buy HEX before the PulseChain launch, you'll have your HEX that's on Ethereum's network AND you'll have the same amount of HEX on PulseChain's network. It's a big deal
September 22, 20215 yr Author 7 minutes ago, VanHammersly said: You just gotta do it. It makes sense the more you get into it
September 22, 20215 yr 48 minutes ago, VanHammersly said: Pretend there is a currency you want to buy like Space Bucks. These space bucks aren't recognized by the US, so there's no official exchange where you can take your USD and buy Space Bucks. But Israel, being proud of Mel Brooks, recognizes space bucks and will let you trade some shekels for them. So you go buy some shekels with your USD, and put those shekels in an Israeli bank. Then you can buy space bucks.
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