>He sold his eth
>He sold his ETH for ETC
Sold my ETH for DGB, last Friday, best choice ever.
>>2168551
>>He didn't sell his ETH for ETC
1/3
I’m currently holding and intend to continue holding BTC, ETH and DGB, but I have serious misgivings about /biz/’s assertion that Bitcoin will become mainstream. (I’m concentrating on Bitcoin here because it is the most well-known by people outside the community. I understand there are other coins that have different pros and cons.)
Like you guys, I have been thinking for a long time that this will be like the internet and will move from being a niche market into something that is used by everyone. When Amazon came around, people were saying “why on earth would you buy your books off that silly internet thing that’s only used by nerds? People prefer to go and pick up what they want from a local shop” and when online dating started it really was just something used by losers that was never considered likely to become popular. There are various other examples of this, and we’re all hoping that Bitcoin will be the same i.e. it will rise and continue to rise until everyone is using it and we are driving our Lambos on holiday on Titan (can’t stay on the moon all year).
>>2168519
2/3
The issue is that Amazon actually had great advantages in that it turned out to be cheap and convenient--more so than your average shop in the middle of town. People can browse loads of stuff that would require numerous shops whilst sitting in their underwear and have it delivered to work. Great. Online dating broached the gap of having to actually go to bars regularly, spending money and building up the courage to try and talk to someone who is probably taken and who may have nothing in common with you. Great.
But what about Bitcoin?
Whenever I explain it to people they are very clearly intimidated by its complexity, and if people can’t get an understanding of something, they are very reluctant to put their hard-earned money into it. With a bank that does the job, they ask why would they go from something that they understand to something they can’t get their head round?
Also, the lack of a central authority simply doesn’t play well with people who are used to having a higher institution, such as their bank, taking responsibility for their financial security. People are used to having somebody they can call to sort out any issues and having somebody with whom the buck stops. They are used to being able to go to their branch and complain to the manager, show them a statement, and demand that the issues of their missing funds is sorted out. To these people, Bitcoins are just floating around in god-knows-where and if they fall through a gap that’s it.
>>2168531
3/3
Related to the last point, a number of wallets are insured and do keep records in cold storage, but when I tell people that if Bitcoins are lost or stolen, that’s it; they’re gone, most people say there’s no way they’d risk putting funds in Bitcoin.
When you add to that the fact that the network is starting to get very slow (though that will hopefully get sorted out shortly) and that there is an up-front charge that people aren’t used to paying (it’s generally included in prices, so people assume there is no charge for using their card), it starts to put people off even more.
Lastly, most people don’t care about the democratisation of money; they don’t understand what a fiat currency is; they don’t understand how debt and money are created; they don’t understand the effects printing money has on its value; they don’t have a distrust of authority or central banks. They are wary of the scary internet with all those hackers around and they don’t give a fuck that Pajeet in some village can transact without a bank account or some Venezuelan can buy bread with it.
To sum up, Amazon and online dating filled niches or improved what was already available; what niches does Bitcoin fill and what does it do better than cash or card that you average guy will appreciate enough to ditch regular banking? How do these advantages overcome the disadvantages enough that Joe Public will even bother listening to you, let alone adopting it?
(Apologies for the spacing, I’m posting on my phone at work.)
Not necessarily Bitcoin and perhaps not Ethereum either, but cryptocurrency in general? Yes. Trust in institutions can only decrease as information increases, as governments do pretty shady stuff in general and the banking system is a house of cards.
There is an age problem in the cryptocurrency space. Adopters are too young and don't understand acceptance takes time. The Internet became available to the masses in 1993 but it took until 2007 to take off for the average person, and even to this day most people stick to social media. Cryptocurrency does not need any kind of specific innovation to suddenly become mainstream. It is already so incredibly innovative the average person has a hard time wrapping their head around it. Adoption will come with time, and it will take years still.
Lets be real, ripple is designed to be a stable asset separate from the btc market. When BTC crashes, and it will crash, ripple will remain stable because unlike most other crypto in the market, it's value isn't derived using btc.
Historically when btc crashes will people jump ship to the next best coins like eth, ripple, and others? Does it usually happen that way or do people cash out for usd
>>2168443
A lot of BTC people are BTC only. A lot of them have also convinced themselves that it's going to $10k. They won't flip into alt coins.
>>2168420
Ripple will be the most likely to be accepted as an ETF because they are establishing themselves within the banking system and will become a common stock. Until that moment it could stay low for a long time but can't really say for sure because it's entirely under the control of the jews who created it, but in saying that, they're not going to allow it to dump out of existence.
Would putting 50 000€ in ethereum a good deal or it will crash? Or it's just FUDers?
Do some research if you're going to toss around that kind of money. You're on a shill board.
>>2168416
if you wont miss that amount for 1year do it but if youll have nightmares dont do it
The only advice I can give is to not ask that question here.
Get your XRP ready i'm gonna buy 20BTC worth of ripple
>>2168330
XRP finally going to go up?
>>2168330
13 billion dollar market cap wont make a dent.
>>2168330
proofs
18 year old who started with 8k savings, if i play my cards right I can become wealthy? I don't plan on buying a nice car. My $2000 Hyundai works just fine.
did you use margin trading? that's crazy winning goddammit
>>2168297
whats the equivalent of that app for a linux desktop or browser?
>>2168476
cryptocompare.com
Can a dutch translate the title?
"Tee he he. Stupid dorks actually bought Digibyte.
>>2168182
just some dude accepting dgb as payment and wants to get the rest of the merchants in his street on board
>2015
The whole village street (just a street in a village) using Digibyte
>slight panic kicking in
Should I transfer my money to a private wallet? I figure the chance of my laptop breaking are equally big as the website being hacked
>>2168180
Just keep backups of your wallet then even if your laptop breaks you can still restore your wallet.
>>2168189
Excuse me for the stupid question. But what prevents people from tranferring their money to a private wallet, making a backup on a seperate harddrive, and then transferring their original harddrive bitcoins back to an online exchange and have double the btc?
>>2168217
You do know blockchain is a public ledger right? When you open your wallet it first syncs with the public ledger.
New coiner fag here. Do you guys buy BTC with USD and exchange BTC for other coins or do you guys buy your other coins with USD? Genuine question. I can't find any exchanger where they allow you to buy other coins with USD. I'm a bit lost here. Any advice is helpful.
>>2168071
You buy BTC with USD and then trade it for other currencies on Poloniex/Bittrex
>>2168071
buy btc with usd. coinbase can purchase btc/eth/ltc for usd, but most exchanges trade in btc
This isn't directed at you so much OP as it is this exact thread which is happening more and more often. Just google this shit next time. There are hundreds of videos where guys show you step by step how to do all of this shit.
Why did (You) give up ?
>>2168058
I haven't, I'm just waiting for my next paycheck because all my liquidity I dump into either refried beans or ETH
>>2168058
>>2168058
As someone who's almost completely given up and gone nearly full hikki NEET mode, after being fairly successful, in the past. On that list
>Live in the past
>Dwell on mistakes
>Feel the world owes me
>Assume problems are unique
>Feel sorry for oneself
Biggest one though and that's not on there
>Utterly refusing to take life/ business seriously and treating everything as just another video game and always just chased the next buzz/ dopamine rush, instead of investing, scaling and expanding into other business etc.
>>2168365
>As someone who's almost completely given up and gone nearly full hikki NEET mode, after being fairly successful, in the past.
iktf. Sometimes i think about myself from 7-8 years ago and can't believe that was me. It's weird. And yet I don't wanna be that again either. I don't know what i want.
>golem
I knew it's time would come.
i sold yesterday from 18k just to buy again when i wake up. fuck me.
Feels good
>>2168099
nice, buying at an ATH
wonder what could possibly go wrong
Explain the technology behind a crypto of your choosing.
You know for this entire board to be about cryptocurrency you guys can't explain the technology behind any of them? That's not a good sign. It's the only way to discern the shitcoins and good investments
>>2168077
your thread just don't seem to attract *le epin meme
I am interested in this too.
Currently the only thing I am invested in are btc and eth. I cannot explain the technology, I can only explain of how I understood it:
Basically blockchains are decentralized systems of databases on a p2p network which serve as a platform upon which various applications and services can be built. Bitcoin is a payment/transaction system based on the blockchain technology, and Ethereum is a platform for building applications.
That's basically all I know about how it works, wisefags correct my wrongs
>>2168399
im not a wisefag but thats pretty similar of how i got it
Tenth "takeoff" in a day
This piece of shit is so dead
>>2167870
>good and steady grow
>"This piece of shit is so dead"
fucking pajeet I swear.
>>2167870
There's a whale or pod that is blocking the price at 760sat with a $200k buywall. The coin won't take off unless it builds a ridiculous amount of buying power or the whales let it.
Eitherway, it will take off when one of those happens.
>>2167794
That's nice, anon.
Don't be bitter. Think kind thoughts.
Peace.
>>2167794
>posting your name, your wife's name, your account number, and your routing number on 4chan
ok
Are you still in touch with your first wife? Any children from the previous marriage? If so what's that like?
Hello,
A few times in a month I lurk biz only on 4chan.
I've seen some good shot calling on some
crypto's that have been mooning.
But I always was sceptical about it hence I'm broke.
What do our fortune tellers and their orb have for me? Not looking to make profit quickly but always welcome.
Got a 500$ to invest.
I invested 300 two days ago, now at 400. Have no clue what I'm doing.
Im waiting for BTC and ETH to crash, then I buy
>>2167537
Truly amazing how both of them made progess, especially ETH.
I can remember the hard fork when the value of each ETH was around 8$ at lowest.
Really regret that I didn't invest at that moment.