how in the world is btc at $12.303,28? - page 4.

Poker Player

legendary

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Quote from: spy100 on August 17, 2020, 11:48:49 PM

You can move your money using eth,ltc or any other crypto ...that does not justify the increase in price of a crypto

I didn't think I had to explain you that most shitcoins like eth are centralized and that ltc is just a copy of bitcoin so people prefer the original. Bitcoin solved the byzantine generals problem, it has the most secure network, it uses POW and so on.

Quote from: spy100 on August 17, 2020, 11:48:49 PM

When price of something increases means that there is more demand for that thing ...

How much demand can it be for crypto if there is no liquidity ... has zero use beside speculation,gambling,and money laundering .

-snip-

What i am saying is that it is false demand and some jerks are pumping the price ... question is how ? How is manipulating the crypto market ... ?

I partially agree that some of the volume might be manipulated but LOL you think speculation, gambling and money laundering don't bring any liquidity to the Bitcoin market? There are around 300k daily bitcoin transactions. That doesn't sound to me like there is no liquidity and there is no use for bitcoin.

Quote from: spy100 on August 17, 2020, 11:48:49 PM

I f..king build bitcoin and eth trading platforms ...when you build a trading platform then call me a troll ...

I don't call you a troll. It is evident that you are.

When you get profits from those platforms are you going to socialize them?

USA will survive the economic crisis if it becomes a socialist country.

It's time for EUROPE to become SOCIALIST.

A socialist trying to profit from speculation. LOL.

tabas

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Quote from: spy100 on August 17, 2020, 10:40:56 PM

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

You sure? I did use it to pay for things that I want online and at the same time, I'm also holding. What's matter if we do what we want with the bitcoins we own?

Quote from: spy100 on August 17, 2020, 10:40:56 PM

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

OK.

Quote from: spy100 on August 17, 2020, 10:40:56 PM

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at 8000 usd and eth was at 130 usd .... ?

Did we forget bitcoin was on the line of $3,000 on 2018?

moha sasa

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Quote from: spy100 on August 17, 2020, 10:40:56 PM

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

- In case you missed the news:-

https://www.zerohedge.com/crypto/usps-just-filed-patent-blockchain-based-secure-voting-system

The USPS Just Filed A Patent For A Blockchain-Based Secure-Voting System

- My business is dead without btc, I'm totally dependent on it. I can't send one $ out of my country.

slapper

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No one using bitcoin to buy things does not mean it has no value. People still put their fate in this digital asset. For a 12-year-old asset, it has made a huge change to our world and our perception in recent years. While cash has existed over hundreds of years, Bitcoin and other cryptocurrencies are doing their best to be adopted. And there is no doubt that they are doing really great

Using bitcoin on an exchange or a broker is a way of buy/sell things with bitcoin. As long as people trade this coin, bitcoin will still have the value and I can ensure that it can go even further in the future. You need to know that the online gambling industry is developing really fast with the help of cryptocurrency. More and more people are utilizing the decentralization and the anonymity of bitcoin to prevent the government from tracing their footprint while playing poker on the Internet

hugeblack

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The use of the currency in buying/selling does not determine its price, but rather a measure of supply and demand, as long as there is a demand(who are willing to pay 12,000 dollars to get one bitcoin,) the price will keep increasing.
Note that the supply is limited and controlled, the market is very small, and the price fluctuations made BTC an investment rather than a currency, so I do not think that not using it in buying and selling is a problem.

Yaunfitda

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Don't be late in the party man, once btc reaches another all time high in the next two years, you are still going to be amazed and ask the same question. So if I'm in your shoes and since you are in a bitcoin talk community, I would rather invest on it, instead of questioning where is all the money is coming from. Don't be that person in the next coming years that will be full of regrets for not jumping early.

spy100

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Quote from: Poker Player on August 17, 2020, 10:58:12 PM

Hi man, I'm starting to think you are a troll.

Of course bitcoin is not used a lot to buy goods and services. The point is that it is the best reserve of value in the world. Until recently, the best reserve of value was gold and some people think gold is better than bitcoin because it has been a store of value for thousands of years, while bitcoin is only 12 years old.

But try to escape to another country with a million dollars in bitcoin and then try it with a million dollars in gold as well. Then you come and tell us the difference.

You can move your money using eth,ltc or any other crypto ...that does not justify the increase in price of a crypto

When price of something increases means that there is more demand for that thing ...

How much demand can it be for crypto if there is no liquidity ... has zero use beside speculation,gambling,and money laundering .

I f..king build bitcoin and eth trading platforms ...when you build a trading platform then call me a troll ...

What i am saying is that it is false demand and some jerks are pumping the price ... question is how ? How is manipulating the crypto market ... ?

philipma1957

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Quote from: spy100 on August 17, 2020, 10:40:56 PM

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at 8000 usd and eth was at 130 usd .... ?

so you pick eth over btc.

thats cool 😎 pick any coin you want.

i like doge a lot.

oh please correct. your btc price for march as its low for march was

3900 it is now 12300 more then 3x the price.

eth’s low was 90 its is now 430 which is more than 4x

so it has a little better jump then btc not as much as you said.

Poker Player

legendary

Activity: 1372

Merit: 2017

Hi man, I'm starting to think you are a troll.

Of course bitcoin is not used a lot to buy goods and services. The point is that it is the best reserve of value in the world. Until recently, the best reserve of value was gold and some people think gold is better than bitcoin because it has been a store of value for thousands of years, while bitcoin is only 12 years old.

But try to escape to another country with a million dollars in bitcoin and then try it with a million dollars in gold as well. Then you come and tell us the difference.

spy100

sr. member

Activity: 658

Merit: 257

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at 8000 usd and eth was at 130 usd .... ?

-------------------------------------------------------------

Well if you guys say bitcoin is a "investment" good luck with it...i am out of btc world ...as bitcoin is no longer a currency .

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