I'm on the fence about bitcoin. It has name recognition and very wide usage in its favor. OTOH, it also has name recognition and very wide usage.
bp
<part15sbs{at}gmail{dot}com>
On 1/9/2021 8:44 PM, Timothy Steele
wrote:
ethereum and smaller coins based on it will make you money
Bitcoin has a huge chance to dive
Coinbase is simple to setup if you want to start trading
On Sun, Jan 10, 2021 at 9:23 AM Steve Jones <thatoneguyst...@gmail.com> wrote:
I knew a girl once with a swing attached to her ceiling. You definitely dont want too much of a swing to happen.
--On Sat, Jan 9, 2021, 5:26 PM Matt Hoppes <mattli...@rivervalleyinternet.net> wrote:
--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?
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