Bitcoin nears $40K after Amazon job ad suggests company will start accepting crypto

cliffordcooley

Posts: 13,075   +6,376
Not like before when I asked, and you just disappeared.
Bitcoin value is too unstable. Enough said! You don't want to hear that. So you continue to ignore. And nearly every time someone comes in talking about USD value declining. As if the $500 I put in a bank will not be there tomorrow, next week, next year, or how ever long I decide to leave it there.

And you haven't explained how the value of Bitcoin can increase exponentially. I can! The value is artificially inflated. Why else would the value fluctuate when people cash in. Which brings me to another point. Why would people cash in, if Bitcoin was the currency to be? I can answer that as well. When they cash in, they get a stabilized currency. Because they don't want to loose the money they brought to the Bitcoin Casino.

Keep talking trash about how Bitcoin is the currency to be. As long as its value is unstable. That means people are cashing in and proving you wrong every time they do so.

So no I will not accept currency, that doesn't have a baseline value to keep it stable.
 

Kosmoz

Posts: 462   +814
Bitcoin value is too unstable. Enough said! You don't want to hear that. So you continue to ignore. And nearly every time someone comes in talking about USD value declining. As if the $500 I put in a bank will not be there tomorrow, next week, next year, or how ever long I decide to leave it there.
Everyone with a little sense knows crypto is very unstable, but don't get your hopes too high about the USD and those $500 in the bank, being safe forever. Because of that $28 trillion US national debt, you can be almost 100% sure that at some point sooner or later we will have another global financial crash and they will be gone in an instant.

There is a reason why lately the Global Central Banks are buying more and more Yuan and less USD. Even the titles are self explanatory:
Central banks will accelerate rise of China's yuan

Just do a quick google search and you will see dozens of articles like that one.
 

scavengerspc

Posts: 1,740   +1,791
TechSpot Elite
Bitcoin value is too unstable. Enough said! You don't want to hear that. So you continue to ignore. And nearly every time someone comes in talking about USD value declining. As if the $500 I put in a bank will not be there tomorrow, next week, next year, or how ever long I decide to leave it there.

And you haven't explained how the value of Bitcoin can increase exponentially. I can! The value is artificially inflated. Why else would the value fluctuate when people cash in. Which brings me to another point. Why would people cash in, if Bitcoin was the currency to be? I can answer that as well. When they cash in, they get a stabilized currency. Because they don't want to loose the money they brought to the Bitcoin Casino.

Keep talking trash about how Bitcoin is the currency to be. As long as its value is unstable. That means people are cashing in and proving you wrong every time they do so.

So no I will not accept currency, that doesn't have a baseline value to keep it stable.
Actually one thing I dislike more than Bitcoin is liars, and as you basically said Bitcoin is far too easy to manipulate. Even more so than the Stock Market. But not everyone has an opinion as well though out as yours. They resort to lies (Ponzi scheme) and well-worn platitudes (Musk owns Bitcoin) and all have zero connection to the truth, but they don't care because they heard from someone on the internet that heard from some guy..... Well, you get my point.

Do you realize we have someone that claims to be a stockbroker that thinks Bitcoin is a Ponzi scheme? I mentioned that to my actual broker that also handled all my Bitcoin transactions from day one back in 2014 and she and her staff got a good laugh from that.

Of all the valid reasons to dislike Bitcoin that is pretty much at the bottom. Not to mention bullshit.
 
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mattferg

Posts: 196   +189
Because most people deal in both ETH (GPU-compute) and BTC (ASIC), they tend t influence each other, (so it could be a problem for folks who were hoping it would correct itself next month.)

BUT, whenever they switch ETH to Stake, it will see a short-term drop in GPU demand (but buy before they sort-out whatever they replace ETH with in GPU-compute profitability.).

Nothing will replace it. This is a myth in the miner community. No coin is remotely as profitable with the level of hashpower Eth has. It’ll decimate profitability wherever it goes, as no POW coin has any real feature which gives it value.

Smart contracts etc gave Eth value, which is why GPU mining continued when BTC went ASIC. Since Eth is continually updated unlike BTC, no POW coin will ever have the same value again.

Eth 2.0 is the end of the road for GPU mining. Anyone who thinks otherwise doesn’t understand the basics.
 

mattferg

Posts: 196   +189
Bitcoin value is too unstable. Enough said! You don't want to hear that. So you continue to ignore. And nearly every time someone comes in talking about USD value declining. As if the $500 I put in a bank will not be there tomorrow, next week, next year, or how ever long I decide to leave it there.

And you haven't explained how the value of Bitcoin can increase exponentially. I can! The value is artificially inflated. Why else would the value fluctuate when people cash in. Which brings me to another point. Why would people cash in, if Bitcoin was the currency to be? I can answer that as well. When they cash in, they get a stabilized currency. Because they don't want to loose the money they brought to the Bitcoin Casino.

Keep talking trash about how Bitcoin is the currency to be. As long as its value is unstable. That means people are cashing in and proving you wrong every time they do so.

So no I will not accept currency, that doesn't have a baseline value to keep it stable.

Complete failure to understand the basics. Say you leave your $500 there for 20 years. What did $500 buy 20 years ago? What does it buy now? Doesn’t really have the same value, does it?

This is exactly why BTC’s value goes up. Ignoring the fact it started from $0 and is catching up, BTC is also reflecting inflation, since the value of 1 BTC is fixed (max supply) but the value of the USD decreases year over year and compounds.

So naturally, compared to USD, the value of Bitcoin will always go up, because the dollar is devaluing due to inflation.
 

Bl00dyMinded

Posts: 376   +539
Complete failure to understand the basics. Say you leave your $500 there for 20 years. What did $500 buy 20 years ago? What does it buy now? Doesn’t really have the same value, does it?

This is exactly why BTC’s value goes up. Ignoring the fact it started from $0 and is catching up, BTC is also reflecting inflation, since the value of 1 BTC is fixed (max supply) but the value of the USD decreases year over year and compounds.

So naturally, compared to USD, the value of Bitcoin will always go up, because the dollar is devaluing due to inflation.
Don't say that out loud. They will bash you and continue to say you are wrong. But numbers and facts don't lie. Agree with you 100% dude.

As for the GPU comment. There are other coins you can mine after ETH backs out. It might not be "as" profitable, but it will still hold a decent profit. Example: AE, ERG and RVN will still give a decent amount of pay. Using my setup of 3x RTX 3070 at the moment making about $11-15 daily. Without ETH I would cut my lose by about $2-3 less to mine other coins.
 

OortCloud

Posts: 659   +547
Example: AE, ERG and RVN will still give a decent amount of pay. Using my setup of 3x RTX 3070 at the moment making about $11-15 daily. Without ETH I would cut my lose by about $2-3 less to mine other coin
I hate crypto because the buzzing fridges that go on about all the time are the dullest set of people since vegans.