Swings are fine. But I’ve seen bitcoin swing thousands of dollars. That’s not ok.
> On Jan 9, 2021, at 6:21 PM, Steve Jones <thatoneguyst...@gmail.com> wrote: > > > Its changed for sure, nobody talks about mining anymore, it's just alot of > gambling, or investment if you're doing the stock. > Even the coin return machines at stores are offering payment in bitcoin. But > like everything, it's a secondary market, you're getting paid in credits for > what is effectively their bitcoin, so the control the rate of return. > A lot of people who think they're invested in bit coin are actually invested > in the secondary markets. > It seems it's still good to be in, as I understand it, unrest makes it grow > so you could effectively invest, let it grow til you can pull your initial > investment out and take all the risk you want til it collapses. > I was reading a thing I didnt understand, but they said, based on info I dont > comprehend, that it will go to 65k, then plummet > >> On Sat, Jan 9, 2021, 5:00 PM Matt Hoppes <mattli...@rivervalleyinternet.net> >> wrote: >> As of Monday we will be accepting Dogecoin.... >> >> > On Jan 9, 2021, at 5:54 PM, Daniel Pautz <d...@webnx.com> wrote: >> > >> > :) Wow that topic could get as bad as the political thread a few days >> > ago. >> > >> > For a business overall? To gain new clients / clients that love BTC / >> > hate the current money system / etc. But for this business its not a big >> > deal. >> > >> > For Consumers? There are tons of reason, some people LOVE the gamble, >> > but the old school people that have been doing this a long time would say >> > "because the current monetary system sucks and is controlled by the man" >> > "because look at the state of things, there is going to be soooo much >> > inflation so why keep money in the dollar when its going to be worth crap" >> > but many people that were trying to push this as a win win to users and >> > business's is the tiny fees. Imagine the cost of 10k in credit card >> > processing fees? Send someone a million dollars almost instantly, etc. >> > Then you could get into the block chain side of it, secure contracts and >> > other stuff. >> > >> > But then again you could also start the conversation of the feds sooner or >> > later regulating the crap out of it as its no longer a joke, when >> > billions are being dumped into something the feds are going to take >> > notice. >> > >> > >> > -----Original Message----- >> > From: AF <af-boun...@af.afmug.com> On Behalf Of Matt Hoppes >> > Sent: Saturday, January 09, 2021 3:34 PM >> > To: AnimalFarm Microwave Users Group <af@af.afmug.com> >> > Subject: Re: [AFMUG] I don’t understand bitcoin >> > >> > So then what’s the point? >> > >> >> On Jan 9, 2021, at 5:27 PM, Daniel Pautz <d...@webnx.com> wrote: >> >> >> >> As a vendor / merchant you would just need to setup one of the systems >> >> that instantly cashes it out. Don't treat it like a gamble (unless you >> >> are into that / want to do that). >> >> >> >> Dan >> >> >> >> -----Original Message----- >> >> From: AF <af-boun...@af.afmug.com> On Behalf Of Matt Hoppes >> >> Sent: Saturday, January 09, 2021 3:15 PM >> >> To: af@af.afmug.com >> >> Subject: [AFMUG] I don’t understand bitcoin >> >> >> >> I had an ex employee who was all about bitcoin. I’ve read about it but >> >> still don’t understand. >> >> >> >> I’ve got money in BTC and LTC because I’ll do anything that makes me >> >> money - but I don’t understand how bitcoin works. >> >> >> >> Why would I accept a payment from you or $200USD worth of bitcoins when >> >> tomorrow that payment might be worth $100 if the value drops? >> >> -- >> >> AF mailing list >> >> AF@af.afmug.com >> >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> >> >> >> >> >> -- >> >> AF mailing list >> >> AF@af.afmug.com >> >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > >> > -- >> > AF mailing list >> > AF@af.afmug.com >> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > >> > >> > -- >> > AF mailing list >> > AF@af.afmug.com >> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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