What fee do I have to pay to buy a slice of pizza with the Debit card linked to Coinbase? Because if I use my credit card to pay for a pizza, I pay a $0.00 fee.
You're just adding an extra step/bottleneck to a process that already works really well with credit cards alone.
You're literally quoting an imaginary person. Did you think about this? Lol
side note: Its a reason its hard asset and not a soft asset....IMO nothing beats land and property. Thats not to say all real estate is a good deal because its not. But I would take hard assets(gold, silver, precious metals, natural resources ala oil/gas, spice mines, etc....) over soft assets. In fact in most cases intellectual property is valued as the highest soft asset. So i'll also take a patent over bitcoin.....
Wars are fought over hard assets not soft assets.......
@Matt R. people are always going to have there negative opinions. In the military we used to always say do what your rank can handle, meaning make decisions you can afford to stand behind. If you have a well thought out plan and several protections in place for volatility and other adverse outcomes and you feel good about it, then it is a possibility. This is a scenario where you really need to be comfortable with the technology and situation and matters less about others and their ideas.
What about it? Look back since 2009, you will see this over and over and you will see it rise higher each time.
If you don't believe in it - that's one thing. But at least make that an educated decision.
Ok, @Andrey Y. educated me and I. Bitcoin investing is speculation and I don't have the time or inclination for an IT science project to manage my checking account lol.
Kind of like Google, Amazon, and the internet. I understand, it's not something you care to research
What about it? Look back since 2009, you will see this over and over and you will see it rise higher each time.
If you don't believe in it - that's one thing. But at least make that an educated decision.
Ok, @Andrey Y. educated me and I. Bitcoin investing is speculation and I don't have the time or inclination for an IT science project to manage my checking account lol.
Kind of like Google, Amazon, and the internet. I understand, it's not something you care to research
The swings and the headlines obviously don't help the masses when it comes to "believing" in crypto, but when you have extremely tech savvy/forward thinking individuals that are pro crypto, there is something to be said about that. When it comes to the "future", I'm more inclined to listen to someone from silicon valley than the traditional "experts". Also, the fact that blockchain technology is being adopted by numerous companies now should be worth noting, regardless of how people say it's irrelevant to the actual currency. And let's face it, you will never hear anything positive about anything that the government can't benefit from, unfortunately.
If you made money from it, you're probably more inclined to believe in it to some extent. But if you lost money or missed out completely, crypto is just a scam.
Well it appears most are not ready to accept bitcoin, outside of crazy Jay Hinrichs perhaps. Also did not know a possible payment method could be so polarizing. It will be interesting to check back in the coming years to see if there is any difference in general payment acceptance or not.
Uh..... not buy it? Because you are not buying anything in the first place. It's literally just hyped up and that's the only reason it's worth anything.
Most of my business is in Real Estate and real estate related activities but for the last few years I have studied and invested in the very volatile crypto currency markets. To all the Bitcoin naysayers out there these are just some of the reasons I feel a deeper understanding into Bitcoin is worth the time......
Bitcoin is an uncorrelated asset, decentralized payment network and digital store of value.
Large companies like JP Morgan and Facebook are now getting into the crypto currencty space.
Bitcoin will be soon be traded on Fidelity (manages 2.45 Trillion in assets)
Bakkt will soon launch Bitcoin futures. (Bakkt is owned by ICE which also owns the New York Stock Exchange).
There is geopolitical turmoil all throughout the world ( US and China tariffs, Venezuela, ect.)
Bitcoin which is seen as digital gold has been used as a safe haven to transfer wealth out of oppressive regions of the world.
Bitcoin is also the top performing asset of 2019.
All that being said Bitcoin is a very new technology and the value of Bitcoin EXTREMELY speculative in nature. If any does plan to invest into Bitcoin dollar cost averaging seems to be a safe and hassle free approach.
*** THESE ARE MY PERSONAL OPINIONS ALONE, I AM NOT A FINANCIAL ADVISOR AND I DO NOT GIVE FINANCIAL ADVICE ***
Bitcoin is not the same as blockchain. I believe blockchain will have an enormous impact on real estate, but using crypto to pay rent is literally the least interesting part.
There's a much better case for tenants to use Facebook's Libra than Bitcoin.
Bitcoin is not the same as blockchain. I believe blockchain will have an enormous impact on real estate, but using crypto to pay rent is literally the least interesting part.
There's a much better case for tenants to use Facebook's Libra than Bitcoin.
I agree. I was using bitcoin as the catch all for crypto payment and it could be in any crypto form.
The receiving payment might be critical as far as any crypto eco system is concerned. The full circle of this would be paying vendors, employees, taxes, accepting payment all in crypto/facebook/bitcoin/form perhaps and without an actual bank involved.
@Matt R. The very fact of your title shows that bitcoin is not a currency. When you say a bitcoin is worth $10000 dollars you are treating it as an asset but not a currency. How much is a dollar? A dollar is a dollar. Yes you can convert to Euros or Yen or whatever but in the US a dollar is a dollar. Milk is 3 dollars a gallon. Gas is 4 dollars a gallon. Everything including bitcoin is measured in dollars. The dollar is the currency. It is also the main tool of control by the government. And it’s backed by guns. Lots of guns. Do you think governments around the world will give up that power to some internet based currency only a handful of people even understand? Bitcoin is a pimple on the dimple on the *** of an ant in the financial world. If it becomes serious it will be crushed. Blockchain on the other hand as a technology does have useful applications
I haven't bothered with bitcoin since I lost just about everything I had at Mt. Gox. Of what I've seen, most is just driven by speculation, not by a real underlying value.
It still pisses me off that I had requested they wire me most of what I had there a month before they publicly went under, and for the whole month they just kept stringing me along that the money was on the way... Right up till they went under and confirmed what I was beginning to suspect, that I would never see that money again.
@Matt R. The very fact of your title shows that bitcoin is not a currency. When you say a bitcoin is worth $10000 dollars you are treating it as an asset but not a currency. How much is a dollar? A dollar is a dollar. Yes you can convert to Euros or Yen or whatever but in the US a dollar is a dollar. Milk is 3 dollars a gallon. Gas is 4 dollars a gallon. Everything including bitcoin is measured in dollars. The dollar is the currency. It is also the main tool of control by the government. And it’s backed by guns. Lots of guns. Do you think governments around the world will give up that power to some internet based currency only a handful of people even understand? Bitcoin is a pimple on the dimple on the *** of an ant in the financial world. If it becomes serious it will be crushed. Blockchain on the other hand as a technology does have useful applications
I am certainly no expert. Guys take it for payment so it functions like a currency I guess. It is not a traditional currency we can understand. USD is definitely losing ground in the value dept to bitcoin. This is not close but yes no army is necessary to defend it as it holds no physical anything, no land or resources to defend. One bitcoin equals one bitcoin, same as the dollar that way. The average currency last 37 years, this may last longer than average who knows for sure. I don't say it is worth anything, the market says as of this post it is worth $11,000 US coins to one Bitcoin.
@Account Closed I'm not sure I totally agree with the way you reference whether it is currency or not. If you place yourself outside the US, things are not measured by us dollar. They are by other currency.
I see it more along the line of acceptance of the currency. Who will accept it, and is it really useful? When it comes to bitcoin or other variants, There are some that may accept it, but most that do, convert immediately to local currency. You are hard pressed to find anyone who will sell you food, fuel, or any other necessities of life for bitcoin. In most jurisdictions you can not pay tax or any fees in bitcoin. Unlike the US dollar and other currencies, there are also no government mandates dictating that anyone must use it in transactions too. in most transactions, it is treated more like an intangible commodity than a currency, only really being traded between other speculators. Along with that, retailers that actually do accept it, treat it more like an intermediary, assisting in facilitating the transaction (like visa/mastercard/western union/etc.), than they do a currency.
@Andrey Y. once you have the app installed then just open the app, plug in your ledger to your computer, and it should walk you through the pin authentication process. if you don't remember your pin then you'll need your 24 word recovery seed to regain access to your account.
Thanks. I did all that. Installed dedicated app. Reset my Ledger. Reinstalled firware. Installed BTC app. Bitcoin 1 segwit. Now it shows I have 0 BTC!!! I had BTC on this ledger. Now I am going crazy :( Seems like my BTC is gone!
Well there's always the FDIC insurance ... no, wait a minute ...
I haven't bothered with bitcoin since I lost just about everything I had at Mt. Gox. Of what I've seen, most is just driven by speculation, not by a real underlying value.
It still pisses me off that I had requested they wire me most of what I had there a month before they publicly went under, and for the whole month they just kept stringing me along that the money was on the way... Right up till they went under and confirmed what I was beginning to suspect, that I would never see that money again.
I think that is in the settlement claims phase. I don't know much about it although I heard many claims have been refunded some missing bitcoin recently.
"those who filed claims through the Mt. Gox online filing system will be able to check the results by logging into the system. Those who filed their claims through the supplementary online or the offline methods will be notified via an email from the trustee."
Creditors who did not file claims will still have their claims acknowledged by the trustee in line with the Civil Rehabilitation Act of Japan, according to the statement:
@Matt R. yeah, I had put in the claim, but all it has generated for me, was more email about my claim or the status of claims in general. Other than that, I've seen nothing.
I'm doing with Bitcoin, now, what I have done at every price, focusing on my real estate. Bitcoin will not be used to pay rent or any other regularly occurring financial transaction until its value stabilizes. Why would anyone pay with bitcoin when next week it might be worth 30% more. You just overpaid for something. Why would anyone accept bitcoin as payment when next week it might be worth 30% less. You just collected too little rent.
Besides the fact that the transactions costs to convert to cash (which my bank prefers) are prohibitive.