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You can send a stablecoin if you have a problem with volatility. There's even a native one called Dai which is outside the traditional banking system.
And how is it pegged? Someone asked the various exchanges very nicely if they could only trade it for $1?
The more I know about cryptos, the more I remain skeptical. The only people I know that uses cryptos seriously are acquaintancies from latin america, and none of them for storing value, with the exception of Venezuelans. Not even argentinians, that just buy as many dollars they can. IMO this is a thread worth reading on this topic: https://www.reddit.com/r/worldnews/comments/dj2jro/the_large...
* No one seems to have read the full paper * Is the title misleading? Discussion seems to indicate that this study only addresses the end of year Surge and not the year long surge through 2017.
Cryptocurrency is just penny stocks (before regulation). Same pump-and-dump manipulation occurs. Why is this surprising?
Bitcoin would be the ~20th largest company in the S&P by market cap. Hardly a penny stock.
It is way worse than penny stocks, and it is unfair to penny stocks to compare them to crypto currencies.
Get in now, because it will do it again after the next halving in May 2020. https://www.tradingview.com/chart/BTCUSD/UuzUBUTa-Bitcoin-4-...
The more I know about cryptos, the more I remain skeptical. The only people I know that uses cryptos seriously are acquaintancies from latin america, and none of them for storing value, with the exception of Venezuelans. Not even argentinians, that just buy as many dollars they can. IMO this is a thread worth reading on this topic: https://www.reddit.com/r/worldnews/comments/dj2jro/the_large...
It's like cash, i frankly don't care about value either but a form of payment that is not tied to me specifically where I can exchange the money for goods and services is crucial to me. Not much different from a cash giftcard i can use to pay for things online
Clickbait title. The subtitle is probably more accurate: "The series of $1,000 days that brought BTC to a record above $19,600 could have been the work of one entity" I'm very skeptical. It is certainly possible that a single entity may have encouraged the rally. But there is no way that a single entity actually moved the markets this much. The amount of cash required would be significant. During this time, there wer…
It only took one or two of these smart people to identify a weakness in the system, and then they raked in I’m sure millions from it.
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I've used it seriously. Paying people in countries without a functional banking system is a real problem and bitcoin nicely helped with that. I also collected some donations for reocities.com which helped to keep it alive. I never bought any, just mined a bit and I never sold any either.
Similarly, I try to add it to all my side-projects that accept payment. I looked at a few payment providers and settled on OpenNode, as they had the right mix of an easy API, quick support and good documentation, though I would like it if they supported more cryptocurrencies. If you want cryptocurrencies to succeed, you need to make them widespread as a form of payment. I already lament Steam and Stripe removing Bitc…
Instead, all effort is going into a building a flawed second layer that is theoretically unsound and a usability nightmare.
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With current Bitcoin volatility it's crazy to store money with it. I really love tech which allows me to remember passphrase and having all money locked inside my brain, so I would certainly use it if it weren't so volatile.
You can use DAI ( https://makerdao.com/en/ ) or BUSD ( https://www.binance.com/en/lending , 2.5% interest anually) which are tied to the USD value.