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Litecoin and Ethereum buys and sells are temporarily disabled

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Re: Litecoin and Ethereum buys and sells are temporarily disabled

#251

Post by averagewall »

benmorris wrote: post #221
llamataboot wrote: post #182

Earlier quoted context omitted.

There will be a lot of blood on the floor though. The rise of Bitcoin as a speculative asset (and its inevitable crash) will do some damage for sure. I'm bullish on blockchain technologies over the next decade or two, but we're gonna have to clean up for awhile. My hope is that blockchain enthusiasts are taking their profits and using them to invest in building something better. (There's also a lot to be said here ab…

I totally agree. I'm confident a crypto coin crash is coming to eclipse any we've had before. The combination of volume, transactions/second limits, and weak exchange infrastructure; when people want to get out things are going to get ugly.

Whenever someone says they're sure of a crash, I assume their true feeling is isn't confidence of a crash but frustration at having missed out. Have you shorted Bitcoin? That would help you to profit from your belief.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#252

Post by jameshart »

tootie wrote: post #82
wott wrote: post #75

Earlier quoted context omitted.

I should start a business selling thin air. Thin air from France, thin air from Japan, thin air from Mexico, and so on, you can collect them all, it is super fun. Then I could introduce cold captured thin air, warm captured thin air, etc. Wet thin air, dry thin air for year 3. More fun every year. Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can…

A few years ago, Cards Against Humanity ran a Black Friday campaign where you send them $5 and get absolutely nothing in return. https://cardsagainsthumanity.com/blackfriday/

I wonder what that's worth now? Be interesting to see what you could fetch by putting up the 'nothing' you bought from CAH for sale.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#253

Post by nwah1 »

qzervaas wrote: post #156
zMiller wrote: post #150

This thread's audience is obviously a 'developed nations' one. From our perspective yes, Crytpo's use case as currency make absolutely no sense (yet), we tap our Visa card to pay instantly with no fees and no fraud liability, hard to beat. As a store of value however there is a very strong use case in the western world. Of the top my head, it is estimated that 10% of our GDP is in off shore havens, think about that i…

No fees? Visa and MasterCard are making off like bandits as we move from cash to card.

Credit cards aren't an apples-to-apples comparison because of the risk to banks of default. An apples to apples comparison is ACH, which is free, and now same-day service is available.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#254

Post by Siecje »

atomicUpdate wrote: post #248
xutopia wrote: post #110

Earlier quoted context omitted.

Today I went to one bank to transfer 60k from one account to an account in a different bank. I paid 7.50$ to get a certified check from Bank A. Went to the Bank B near my house to deposit it there. Unfortunately the branch near my house isn't where my account is. They tried faxing a photocopy of my certified check to the other branch but the line was busy. They're going to continue trying until 3pm today when they cl…

> During that same time I transferred 15k$ from one crypto-wallet to another. It took 10 minutes all told. You conveniently skipped over how much it cost in fees to transfer that much. I'd wager it was significantly more than $7.50.

If it only took 10 minutes it wasn't BTC, so the fees would be much less.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#255

Post by 659087 »

adsfasdf2332 wrote: post #24
_m8fo wrote: post #11

Can someone familiar explain why cryptocurrencies aren't a bubble? They both seem to exhibit similar characteristics. Clearly, are shown by the site here, these aren't nearly as liquid as fiat currencies, nor are they really used to purchase anything. So... What is it? EDIT: upon thinking about it, MLM wasn't the term I meant.

because it is nothing like MLM or a pyramid scheme at all? Other than the fact that people have made a lot of money from them.

It does have some similarities to an MLM scheme. Mainly the part where a bunch of obnoxious people are doing everything they can to con others to buy in and make them money.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#256

Post by xioxox »

qzervaas wrote: post #156
zMiller wrote: post #150

This thread's audience is obviously a 'developed nations' one. From our perspective yes, Crytpo's use case as currency make absolutely no sense (yet), we tap our Visa card to pay instantly with no fees and no fraud liability, hard to beat. As a store of value however there is a very strong use case in the western world. Of the top my head, it is estimated that 10% of our GDP is in off shore havens, think about that i…

No fees? Visa and MasterCard are making off like bandits as we move from cash to card.

Interchange fees are restricted to 0.2% (debit cards) and 0.3% (credit cards) in Europe now.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#257

Post by nwah1 »

always_good wrote: post #249
beebmam wrote: post #183

Coinbase is a joke of a service. They're telling me it will take 8 days to buy a Litecoin. Is this for real?

If it seems easy, it surely must be easy. -- HN It's funny because you're actually mad at ACH here.

There's identity checks and SWIFT and lots of other possible points of slowness, but the fact that coinbase doesn't really circumvent them in practice is kinda the point being made.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#258

Post by _pmf_ »

TheDauthi wrote: post #200
tootie wrote: post #82

Earlier quoted context omitted.

A few years ago, Cards Against Humanity ran a Black Friday campaign where you send them $5 and get absolutely nothing in return. https://cardsagainsthumanity.com/blackfriday/

I wish they'd run this campaign again so I could buy a second.

Now, now; don't be greedy!

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#259

Post by down »

would love to be a bubble, to drop in price so I can get in, but I don't think so, if you compare bitcoin with gold, bitcoin is better, the "gold" brand is stronger still with its history, but not so much among the new generation, unless bitcoin gets to 7 trillions, the gold market cap, I would not wory about being a bubble.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#260

Post by jnordwick »

TheDauthi wrote: post #200
tootie wrote: post #82

Earlier quoted context omitted.

A few years ago, Cards Against Humanity ran a Black Friday campaign where you send them $5 and get absolutely nothing in return. https://cardsagainsthumanity.com/blackfriday/

I wish they'd run this campaign again so I could buy a second.

I'll sell you mine.
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