Bitcoins worth more than gold
That's the power of logarithmic scales - masks the big falls.......................
And the huge rises
We use log charts so that we can see change over time. That line chart shows nothing but the last two years. You need to zoom in to see the other sting rises and falls going back to 2009. The log chart shows all. That's why we use them.
Anyhow, I'm sure you know this and there is another angle to your post.
If the chart isn’t going the way you want it just turn your phone upside down.
Who’s this “we” you talk about?JollyBee wrote: ↑Wed Jul 06, 2022 1:03 pmAnd the huge rises
We use log charts so that we can see change over time. That line chart shows nothing but the last two years. You need to zoom in to see the other sting rises and falls going back to 2009. The log chart shows all. That's why we use them.
Anyhow, I'm sure you know this and there is another angle to your post.
pew, pew, pew, pew!
This is why gold, and now Bitcoin, are important.
We the people, of course.
We the people, of course.
JollyBee wrote: ↑Thu Jul 07, 2022 3:11 pmThis is why gold, and now Bitcoin, are important.
We the people, of course.
Please explain why gold and Bitcoin are important in an inflationary environment.
While I hear that gold is a safe asset to store value, it is currently down 20 percent from its 2022 high.
Bitcoin has no intrinsic value and is down 50 percent from its highs.
It would seem counter intuitive to invest in such volatile assets during inflation. Even cash is safer currently.
I’m clearly missing something in your argument. Show me what please.
- Orichá
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For those who enjoy reading about crypto scams, I suppose you already know about this site ... I suggest you read it and scroll, the sheer numbers of ponzi scams, rug pulls and bankruptcies is astounding...
https://web3isgoinggreat.com/
https://web3isgoinggreat.com/
"Storytelling reveals meaning without committing the error of defining it."
...Hannah Arendt
...Hannah Arendt
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Are all the bitcoin disciples still holding strong?
70% down in last 12 months, 45% in last 6 months.
That’s a heck of a kick in the nuts if you have any significant funds invested.
Is there any of these digital coins doing well?
70% down in last 12 months, 45% in last 6 months.
That’s a heck of a kick in the nuts if you have any significant funds invested.
Is there any of these digital coins doing well?
Some massive crypto exchange is $6 billion in the red because of a run on withdrawals.
Why does an investment company not have cash reserves double to that of its deposits?
Why does an investment company not have cash reserves double to that of its deposits?
pew, pew, pew, pew!
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"Some exchanges guarantee your money." lol jesus fucking christGardiguy wrote: ↑Mon Jan 29, 2018 9:49 pmAlso, some exchanges guarantee your money saying they are insured but no one has really ever had to put them to the test on that so remains to be seen, especially in light of the recent hack.Gardiguy wrote:Well, the difference is that if you are holding crypto on an exchange you technically don't own it. If you plan on holding on to it long term instead of daytrading you can have a physical wallet that will take your crypto completely offline.Edwardo wrote:Okay. But whether the thefts occur from major exchanges or from your e-wallet, the fact that your cryptocurrency can be disappeared by some hacker from across the globe leaving you with no recourse would seem a huge concern for me. I've had money withdrawn from my bank account apparently from an ATM skimming incident, but was quickly able to identify it and got reimbursed by my bank immediately. Try that with Bitcoin or Coincheck or whatever.Gardiguy wrote:Edwardo wrote:While this is not about Bitcoin, the security of the various cryptocurrencies is a still a huge issue.
Security of the exchanges, big difference.
Its been "put to the test" now. Hows it going?
https://ca.finance.yahoo.com/news/1-bil ... 24134.html
- Ned's missing cat
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"ill informed rubbish" lolGin&Tonic wrote: ↑Sat Feb 03, 2018 12:39 pmAren't all cryptocurrencies open source?Edwardo wrote: Or the original designers of the crytocurrency or exchanges themselves coding in a backdoor.
Wouldn't an exploit like that be spotted by the community pretty fast?
And why would an exchange want to steal all of the deposits. That's small potatoes given the fees charged. Crypto exchanges make a fortune.
I don't trade these coins because my only ability is to buy high and sell low but I'm not going to publish ill informed rubbish like edwardo who obviously has not researched anything before making statements
Dumbest statement ever. This Gin&Tonic wanker is a total clueless fucknut who obviously knows nothing about anything.
https://ca.finance.yahoo.com/news/1-bil ... 24134.html
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