Business tip only for my HA friends - buY bitcoins

[Stavros]

If one bitcoin is worth £44,000, how much does it cost to buy a glass of tea in Turkey?

"The neighbourhood teahouse is a focus of daily life across Turkey, an Ottoman tradition that has endured through the centuries. At the Red Lightning teahouse in Çorum, the enterprising owners have one foot in the past and one in the future: it’s the first in the country where customers can pay in bitcoin.

“Everyone we know in Çorum is starting to invest in cryptocurrency. We think that in five years or so regular currency will be in decline, it will be replaced by digital ones. So we wanted to be in a good position now,” said co-owners Hüseyin Nalcı, 38, and Kerem Kutay Yıldırım, 28."
https://www.theguardian.com/world/20...bitcoin-frenzy

[filghy2]

This article on Coinbase, a platform for trading in cryptocurrencies, may be of interest.
https://www.vox.com/recode/22383757/...cryptocurrency

I've always assumed that these currencies were a vehicle mainly for speculation or for people who had particular reasons for secrecy in their financial transactions. How convenient is it to make payments in bitcoin compared to more conventional means?

[Stavros]

This article on Coinbase, a platform for trading in cryptocurrencies, may be of interest.
https://www.vox.com/recode/22383757/...cryptocurrency

I've always assumed that these currencies were a vehicle mainly for speculation or for people who had particular reasons for secrecy in their financial transactions. How convenient is it to make payments in bitcoin compared to more conventional means?

Thanks for this link to an interesting article. It seems to me that Bitcoin is not so much a currency but a means for people with capital to 'trade' on the basis that the value goes up or down, and you buy Bitcoin when the price is low and sell it when it is high, which at the moment seems to mean 'buy now because the price is on an upward trend'. It is not the same as buying Dollars or Sterling because those are currencies that are based on real things. Thus one question for me is -can I buy a laptop with Bitcoin at a lower price than in Sterling? For what is the point of Bitcoin as a currency if I cannot purchase goods (or services) with it? But it must also be 'value for money'. It comes back to the question i asked above in the article on Turkey -how much in Bitcoin does it cost to buy a glass of tea in Istanbul? And is it legal in Turkey to pay in Bitcoin rather than Lira? I can't pay for a flat white in Caffe Nero in the UK with Bitcoin.

The death of Madoff provokes the thought that Bitcoin is reallly just another Ponzi scheme.

[filghy2]

And is it legal in Turkey to pay in Bitcoin rather than Lira? I can't pay for a flat white in Caffe Nero in the UK with Bitcoin.

As I understand it, legal tender means that people are obliged to accept that currency as payment but are not precluded from accepting other currencies. The owner of Caffe Nero does not want to accept other currencies because there would be additional costs and inconvenience in converting them back into pounds. In third world countries, however, more people are willing to accept US dollars or euros because they don't have much faith in their own currency.

The problem with the argument that (private) digital currencies will replace regular currencies is that this assumes central banks will just sit back and allow themselves to become irrelevant. Obviously they will issue their own digital currencies at some point, which will tend to undermine the market for private currencies. Digital currencies and their associated technology may be the way of the future, but this does not necessarily mean that Bitcoin will be the way of the future.

[Nikka]

Going up!!!

[Nikka]

to the mooooooooooooooooooooooooooooooooooooooonnnnn

[last_stop]

no one is falling for this shit again Nikka.

[Luke Warm]

Ponzi scheme. These crypto companies charge themselves lower prices to buy, before they put their products on the open market for higher prices. And when they sell off their personal bitcoin, they are trading their vapor for other peoples’ hard currency. That tells you everything you need to know. But don’t worry, they’ll watch your bitcoin assets for you. It’s such a scam.

[Nikka]

here is my reff link when you buy your bitcoins

https://noones.com/?r=nikkiladyboys

[Mirgofino]

I have a rule about certain things. If I cannot figure out how they work it is not transparent enough. Bitcoins belong on the list of not transparent enough.