Serious question: why would one buy Bitcoin except for holding on to it? That seems like a very unhealthy reason imho...
That's all there is to it at this point. Other cryptos are vastly better if you actually want to do anything with it.
Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
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Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#12Serious question: why would one buy Bitcoin except for holding on to it? That seems like a very unhealthy reason imho...
Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#13At this point, apart from investor's demand, what bitcoin is backed by? Did those numerous ICOs actually help to make the market cap sustainable?
Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#14Serious question: why would one buy Bitcoin except for holding on to it? That seems like a very unhealthy reason imho...
Money laundering and terrorist financing are two potential uses (risks) explored by the Financial Action Task Force in this report: http://www.fatf-gafi.org/media/fatf/documents/reports/Guidan...
Bitcoin is also not a private coin, ledger is public and anyone can analyze the flow of money.
The only private coin I know of is Monero (XMR). Analyzing Monero ledger is like looking at random data, there's no amounts, there's no receivers, there's no senders. Everything is fully, by default, encrypted.
Even receivers can't know who the sender was.
Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#15> Thought many mainstream finance pundits regard Bitcoin as a bubble, the market has not shown any signs of a so-called “blow off top," meaning a sudden and major reversal is unlikely at the moment. It is hard to take an article seriously when it is built on top of pseudoscience from Investopedia
Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#16Serious question: why would one buy Bitcoin except for holding on to it? That seems like a very unhealthy reason imho...
Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#17Serious question: why would one buy Bitcoin except for holding on to it? That seems like a very unhealthy reason imho...
I'd take pay in bitcoin as payment for work anytime over last 5 years because of stupidly high cost of international money transfers. Unfortunately nobody wanted to pay me like that because apparently it was harder for accounting.
Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#18At this point, apart from investor's demand, what bitcoin is backed by? Did those numerous ICOs actually help to make the market cap sustainable?
Bitcoin is backed by same thing art is: scarcity, durability, transferability. Anything with these qualities will appreciate in value as wealth of civilisation grows.
Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#19It didn't exactly "crush" $9,000. It just nervously touched it, and then fled back. CoinTelegraph is generally garbage.
Re: Bitcoin Crushes $9,000 on Growing Signs of Mainstream Adoption
#20Earlier quoted context omitted.
Money laundering and terrorist financing are two potential uses (risks) explored by the Financial Action Task Force in this report: http://www.fatf-gafi.org/media/fatf/documents/reports/Guidan...
Money laundering and terrorist financing can be done and is done with fiat currencies too. Bitcoin is also not a private coin, ledger is public and anyone can analyze the flow of money. The only private coin I know of is Monero (XMR). Analyzing Monero ledger is like looking at random data, there's no amounts, there's no receivers, there's no senders. Everything is fully, by default, encrypted. Even receivers can't kn…