I left some shit in coinbase a while ago and forgot about it. Took a look in there a few minutes ago because of all the fuss and damn... I came up in the world.
In Jan 2015 at InterNext Las Vegas, I met with a Rep of a 3rd party outfit to handle merchant processing in Bitcoin. He opened an account for me on a site other than Coinbase (Blockchain), and put €5 in it.
"Forgot Password" doesn't work... He "can't remember," won't look it up in his own Wallet either. I wrote them, and got no help.
I may or may not also have an account on Coinbase. I know I have no money in it. I get email from them, so I'm going through password recovery with then this weekend. We'll see how it goes. If I stay with them, or find a reputable crypto currency site other than either!
Any advice on managing a Wallet? On-line or off-line?
If you are planning on holding anything over 50+ bucks then it should be offline (electrum or multibit HD) at least then you are in control of your own funds.
If you are holding only small amounts then an exchange is fine (Circle, Coinbase, Kraken) just so long as you realise if the the exchange goes tits up your funds go pooof..
I agree with him. The concept that crypto is "the future" is completely bullshit.
BTC and any other cryptocurrency has absolutely no value, and is based completely on investor speculation. It's in no way different to fiat currency - which in most cases is no longer backed by gold/silver.
One of these days - and i'm not saying there isn't money to be made today - but one of these days BTC will crash to zero because it's absolutely worthless.
hopefully the usd keeps tanking...
strange that eth and ltc went down on this move...
news says it's Japan buying btc, but news always lies...
I'm heavier on eth than btc...
I agree with him. The concept that crypto is "the future" is completely bullshit.
BTC and any other cryptocurrency has absolutely no value, and is based completely on investor speculation. It's in no way different to fiat currency - which in most cases is no longer backed by gold/silver.
One of these days - and i'm not saying there isn't money to be made today - but one of these days BTC will crash to zero because it's absolutely worthless.
You're definitely a smart guy, so I respect your opinion more than most, but whoa you caught me off gaurd here.
A currency backed by the people rather than any corrupt goverments debts, I am all for it.
If you think tough men are dangerous, wait until you see what weak men are capable of.
- Jordan B. Peterson
Some of you have been predicting and waiting for BTC to crash and burn for years now. Meanwhile you are standing in the station watching the Bitcoin train racing by. But you are safe and sane.
Oh right, and not making any money. It's going to be a long wait to see if what you think comes true if ever. Meanwhile some of us are making real bank out of imaginary monies. I mean, what does Apple stock get you? A new iPhone for $1200? Really some of you need to adjust your thinking. If you think people who have made hundreds of thousands of dollars profit in crypto are paying any attention to what you think, you have a pretty high opinion of yourself.
Some of you have been predicting and waiting for BTC to crash and burn for years now. Meanwhile you are standing in the station watching the Bitcoin train racing by. But you are safe and sane.
Oh right, and not making any money. It's going to be a long wait to see if what you think comes true if ever. Meanwhile some of us are making real bank out of imaginary monies. I mean, what does Apple stock get you? A new iPhone for $1200? Really some of you need to adjust your thinking. If you think people who have made hundreds of thousands of dollars profit in crypto are paying any attention to what you think, you have a pretty high opinion of yourself.
To whom does Apple stock have intrinsic value that Bitcoin does not?
I might suggest you google "definition of intrinsic value". This might help you in future arguments.
apple has factories, technology, patents, distributors, scientists etc...its worth is based on something that is tangible and not just gambling...it is you who should google "definition of intrinsic value"
apple has factories, technology, patents, distributors, scientists etc...its worth is based on something that is tangible and not just gambling...it is you who should google "definition of intrinsic value"
There are plenty of closed factories, old technology, discarded patents, closed distributors, out of work scientists, and etc., do those places have intrinsic value? Your argument is flawed. Now really, go and google intrinsic value. If you have to, make someone sit down with you and explain it using small simple words, it would be best in your native language. It may take some time, but you will come to understand the definition.
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There are plenty of closed factories, old technology, discarded patents, closed distributors, out of work scientists, and etc., do those places have intrinsic value?
Your argument is flawed. Now really, go and google intrinsic value. If you have to, make someone sit down with you and explain it using small simple words, it would be best in your native language. It may take some time, but you will come to understand the definition.
you can pretend that I do not know/understand all you want, it only gets more amusing to me
fact remains:
apple has plenty of non-closed factories, new tech, non-discarded patents, open distributors, scientists who work and etc...bitcoin does not...you said we should view it as apple stock LOL this is highly amusing also...
answer me this, would you rather have 100 million in gold or 100 million in bitcoin?
You know, I just sold a lot of Bitcoin over the past week. The people that bought my Bitcoin imbue it with intrinsic value. They exchanged cash for it. Thererfore it has intrinsic value to them and it has intrinsic value to me. In a few days or weeks, I will purchase more Bitcoin, not Apple stock, because Bitcoin has intrinsic value to me. I don't pretend that you do not understand me, it is evident that you do not understand. Apple is a corporation selling a product. I cannot buy a sandwich with an iPhone. You are certainly easily amused though. By the way, having a 100 million in gold is a lot of gold, easily noticed, hard to cross borders with and difficult to sell in bulk. I can go nearly anywhere on this planet with a 100 million in Bitcoin and no body is wiser. Plus I can buy a goddamn sandwich. Get the picture?
You know, I just sold a lot of Bitcoin over the past week. The people that bought my Bitcoin imbue it with intrinsic value. They exchanged cash for it. Thererfore it has intrinsic value to them and it has intrinsic value to me. In a few days or weeks, I will purchase more Bitcoin, not Apple stock, because Bitcoin has intrinsic value to me. I don't pretend that you do not understand me, it is evident that you do not understand. Apple is a corporation selling a product. I cannot buy a sandwich with an iPhone. You are certainly easily amused though. By the way, having a 100 million in gold is a lot of gold, easily noticed, hard to cross borders with and difficult to sell in bulk. I can go nearly anywhere on this planet with a 100 million in Bitcoin and no body is wiser. Plus I can buy a goddamn sandwich. Get the picture?
And yet here I am with several hundred BTC. But wait there's more! Over the past few years I have been churning this BTC and have made much actual tangible US dollars. Paid tax on these US dollars and stashed these US dollars in other tangible assets with intrinsic value. In other words, increased my personal wealth 100 fold more that I ever thought I would be able to. If I lost all of my Bitcoin this minute, I would have what I have earned from it to fall back on and never work another day.
Please advise on how I can make that Greater Fool Theory you mentioned work for me. Or, I'm sorry, were you referring to me as the Greater Fool? See above.
And yet here I am with several hundred BTC. But wait there's more! Over the past few years I have been churning this BTC and have made much actual tangible US dollars. Paid tax on these US dollars and stashed these US dollars in other tangible assets with intrinsic value. In other words, increased my personal wealth 100 fold more that I ever thought I would be able to. If I lost all of my Bitcoin this minute, I would have what I have earned from it to fall back on and never work another day.
Please advise on how I can make that Greater Fool Theory you mentioned work for me. Or, I'm sorry, were you referring to me as the Greater Fool? See above.
Good for you bro...gambling pays off sometimes...but mostly it does not...the greater fool theory still applies...
Good for you bro...gambling pays off sometimes...but mostly it does not...the greater fool theory still applies...
Life is a gamble. Sometimes you win and sometimes you lose. Winning is good. You go ahead and stay safe and sound. Don't take any unnecessary risks and always look both ways when you cross the street.
oh wow, anyone with even a btc must be going crazy atm, wondering what to spend their riches on...
congrats to those with excess of 1 bitcoin
Yeah but how much did that 1 BTC cost to acquire?
In the past week I've made a total of around 0.4 BTC from a single alt coin that cost me a couple of dollars in electricity to mine. Now THAT'S a return.
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