Thread: RIP Bitcoin

Originally Posted by Bogon

This is what is confusing me too. When purchsing goods or services priced in Bitcoin, what is the value? This is because Bitcoins are priced in $US.

For example, Say I buy a car for 0.637485939292 bitcoin in Spain. They convert the price into $US and then convert again to Euro?

...or would the car would obviously be priced in Euros, so they have to convert to $US, and then to Bitcoin to get the final price?

Either way, you're gonna start losing with commissions and exchange rates.

...I think???

The local exchange will have the equivalent exchange rate of BTC to euro and it will match the value in USD.

I buy a car for 1 Lulucoin off Dodgy Dilly.

Current value: $10,000


I bought the Lulucoin for $5,000 2 weeks previously.


He keeps the Lulucoin for 3 months and sells it for $20,000.


I bought a $10,000 car for $5,000. Gain is $5,000 in product value. Loss is potential $15,000

Dodgy Dilly sold his product valued at $10,000 and ended up with $20,000.


2 days later lulucoin.io is nothing but a whitescreen with the word Penis written on it.

The guy who bought Dodgy Dill's Lulucoin is down $20,000 and Lulu is releasing MintyCoin - 'The Currency You Can Trust' from the Democratic Lupublic of Congo.


All good and (nearly) everyone's happy.



Gains and losses are only made or lost at the time you transfer it to fiat.

^ Crystal

The magnum of Dom Perignon found under the seat does make up for the odour.

Lulughini

The daytraders that bought yesterday are doing very well.

Selling this afternoon for a 25% gain in a day.




Personally gonna wait for a 50% gain. Though might take a while (BTC @ 300k)

Originally Posted by Luigi

Though might take a while (BTC @ 300k)

May happen sooner than ya think, as news of the recent hearings on crypto by the SEC and CFTC filter out. The news is not too bad, perhaps kinda good, even though it is US government bullshit.

https://www.reddit.com/r/Bitcoin/

how much a BTC this morning ?

^ everything is showing strong green, but I suspect another dip before the rocket to the moon at the end of the month.

I'd kinda like to see $3000.00 again and buy in some more at a nice discount.

Originally Posted by Dragonfly

how much a BTC this morning ?

23% more than yesterday.

Originally Posted by Mr Earl

^ everything is showing strong green, but I suspect another dip before the rocket to the moon at the end of the month.

I'd kinda like to see $3000.00 again and buy in some more.

did you buy more before the rebound ? what if it goes straight back up to 10,000 ? you would have missed that great 7000 bargain

it's time to buy guys, real players don't get scared with a small drop of 80%

I'm waiting, no need to be greedy. I'm quite happy sitting on a nice little pile of bitcoin along with a healthy pile of Thai baht, ready for action.

I'm in for the long game. This year is going to show how fragile and unstable the USD situation really is.

Millions of people will be hedging their USD holding into some Bitcoin.

Originally Posted by Dragonfly

it's time to buy guys, real players don't get scared with a small drop of 80%

80% Pffft.
Real players are waiting for the %100 drop.

Originally Posted by jabir

As with any exchange deal one side loses out as soon as rates change, but you paying current value.

over his head mate... as i say playground moron... im not keen on censorship.. but its well past time the mods fucked him off... cant ever recall a time he was constructive.... mods fuckimoff.

Originally Posted by Bogon

This is what is confusing me too. When purchsing goods or services priced in Bitcoin, what is the value? This is because Bitcoins are priced in $US.

For example, Say I buy a car for 0.637485939292 bitcoin in Spain. They convert the price into $US and then convert again to Euro?

...or would the car would obviously be priced in Euros, so they have to convert to $US, and then to Bitcoin to get the final price?

Either way, you're gonna start losing with commissions and exchange rates.

...I think???

FFS,,,,,,,,,, how do u people find ur way around. how did u find los. ???

Originally Posted by Luigi

I buy a car for 1 Lulucoin off Dodgy Dilly.

Current value: $10,000


I bought the Lulucoin for $5,000 2 weeks previously.


He keeps the Lulucoin for 3 months and sells it for $20,000.


I bought a $10,000 car for $5,000. Gain is $5,000 in product value. Loss is potential $15,000

Dodgy Dilly sold his product valued at $10,000 and ended up with $20,000.


2 days later lulucoin.io is nothing but a whitescreen with the word Penis written on it.

The guy who bought Dodgy Dill's Lulucoin is down $20,000 and Lulu is releasing MintyCoin - 'The Currency You Can Trust' from the Democratic Lupublic of Congo.


All good and (nearly) everyone's happy.



Gains and losses are only made or lost at the time you transfer it to fiat.

simples innit. cigar in post.

an irish lad bought a donkey, when he collected it he found it was dead, he took it anyway and raffelled it off at a good profit,, months later he met the first owner who asked him wot he did when he told the winner that it had died... he said... i gave him his money back.

dont spend too long on that ant u'll blow a fuse mate.

Originally Posted by lob

im not keen on censorship

Or spelling, grammar, reading comprehension, and avoiding being a massive hypocrite apparently.

Originally Posted by lob

FFS,,,,,,,,,, how do u people find ur way around. how did u find los. ???

Sorry for being a bit slow.

Any chance you can give an example of something you physically purchased using Bitcoin and the process?

Originally Posted by Bogon

Sorry for being a bit slow.

Any chance you can give an example of something you physically purchased using Bitcoin and the process?

Yes. He purchased that nasty fiat.

This video (2&half minutes) does a good sum up of what blockchain/DLT can achieve.

https://www.reddit.com/r/Ripple/comm...hearing_today/

Originally Posted by YourDaddy

Yes. He purchased that nasty fiat.

they are nice cars actually and the proud owners of Ferrari, so it can buy you a Ferrari at the end

56.47% increase over 24hrs for NEO

so please excuse/ignore me while I

I was wanting to get some NEO when it hit the bottom.

Maybe I missed the bottom?
Let's see.