Results 41 to 50 of 104
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12-04-2017 #41
- Join Date
- Feb 2017
- Posts
- 1,627
Re: Business tip only for my HA friends - buY bitcoins
All this bitcoin is a big scam, you support the network with hardware, time and electricity to process the transactions but eventually you give way more than you get! The only people who benefit from this currency are the initiators and the people causing the inflation, its a smart scam, a digital one.
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12-04-2017 #42
Re: Business tip only for my HA friends - buY bitcoins
'Morally a scam' ?
Christ - you're the most miserable, sad sack I think we've ever had on this forum.
While BTC may have been sued in illegal transactions, so have Krugerrands, cash, and diamonds. That doesn't make it a scam - and that's not why it was created. I've done $10,000's in genuine transactions on BTC, and we were one of the first companies to take BTC on our websites, and it's been hugely successful for us.
Get back on your high horse.
2 out of 2 members liked this post.
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12-04-2017 #43
Re: Business tip only for my HA friends - buY bitcoins
2 out of 2 members liked this post.
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12-04-2017 #44
- Join Date
- Jul 2008
- Posts
- 13,574
Re: Business tip only for my HA friends - buY bitcoins
Fair enough, you have been able to use Bitcoins in your business and I am chastised for the implication they are mostly used in dodgy dealings. I just don't see their use growing, and we will have to agree to disagree on that.
But I do have a sense of humour; not everything I post is grim news; I did initiate the Bad Sex Awards thread which I hope raised a laugh or two even if it didn't raise much else.
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12-04-2017 #45
Re: Business tip only for my HA friends - buY bitcoins
I must have missed that one - but I will look.
My point is, it's not a 'scam'. Personally, I'm wary of whether it will go the distance as it is now and think it is a trend right now which is making it falsely high, but there will be cryptocurrency in our near future that we will be using. The blockchain is already helping security on other areas. I've managed to increase our income across the sites, and been lucky enough to see some raises in it (cashed out 1 at $6500 and another at $11,000) which is an average of an 800% increase, and sit on the others 'just in case'.
In Japan you can already pay your bills and do ATM transactions in BTC. There are systems getting put in place right now that will let us trade on financials, buy from almost any retail and use it like any currency.
2 out of 2 members liked this post.
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12-04-2017 #46
Re: Business tip only for my HA friends - buY bitcoins
It will only be a bad investment if you do not withdraw from it in time. - Just like anything else.
2 out of 2 members liked this post.REDVEX's KINGDOM
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12-06-2017 #47
- Join Date
- Apr 2010
- Posts
- 3,211
Re: Business tip only for my HA friends - buY bitcoins
For all the hype, there's still less than 100 companies worldwide that accept bitcoin payments. https://99bitcoins.com/who-accepts-b...take-bitcoins/
Here's an amazing fact - bitcoin mining uses more electricity than Ireland and a host of other countries. https://www.businessinsider.com.au/b...7-11?r=UK&IR=T
So bitcoin uses lots of resources, but what exactly is the real benefit? The chance to profit from speculation is not a net benefit, as it's just a zero-sum game. This really reminds me of the high-tech bubble of the late 1990s, when internet companies were being massively valued even though they made no profits and had no real prospect of making any, as it turned out.
1 out of 1 members liked this post.
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12-06-2017 #48
- Join Date
- Dec 2009
- Location
- Cali
- Posts
- 846
Re: Business tip only for my HA friends - buY bitcoins
1 out of 1 members liked this post.
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12-06-2017 #49
- Join Date
- Dec 2009
- Location
- Cali
- Posts
- 846
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12-06-2017 #50
- Join Date
- Apr 2010
- Posts
- 3,211
Re: Business tip only for my HA friends - buY bitcoins
Okay, but they are only profitable because people are willing to pay for something that has no intrinsic value. What underpins that demand other than use of these currencies for illegal activity or speculation and a degree of faddishness? For instance, 97% of bitcoin transactions last year were from China and appear to be related to evading currency controls, which the Chinese government has since cracked down on.
https://www.moneyandbanking.com/comm...d-fundamentals
At the end of the day, the value of any currency derives solely from the fact that others accept it as a medium of exchange for things we want. For central bank money, this is underpinned by legal tender laws. What advantage do crypto-currencies offer for legitimate transactions?
2 out of 2 members liked this post.Last edited by filghy2; 12-06-2017 at 11:13 AM.
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