BITCOIN

Aegis

Adyinvestment said:

Gotta laugh at the posters pointing out a 7% drop in Bitcoin, seriously you need to show a bit of class.

I don't see any posts gloating about Bitcoin going up 11% this Monday, or up around 6% on Tuesday but you point out the 7% drop as if it is a terrible thing lol

Those also aren't good features for something being considered as a replacement for cash.  It shows that the volatility is essentially off the scale, which means the assets absolutely cannot be considered a reliable store of value.

User232002

Aegis said:

Those also aren't good features for something being considered as a replacement for cash.  

Haha. Its not a replacement for cash. Nobody is claiming its a replacement for cash.

Aegis said:

It shows that the volatility is essentially off the scale, which means the assets absolutely cannot be considered a reliable store of value.

Yawn. Higher? Yes. 'Off the scale?' Laughable. Boring trope not grounded in reality or mathematics. Volatility is math, which means it can be measured.




If you doubt this, I've got some PYPL, NFLX and Sberbank graphs to show you...

adindas

darren232002 said:

Haha. Its not a replacement for cash. Nobody is claiming its a replacement for cash.

Yawn. Higher? Yes. 'Off the scale?' Laughable. Boring trope not grounded in reality or mathematics. Volatility is math, which means it can be measured.

If you doubt this, I've got some PYPL, NFLX and Sberbank graphs to show you...

You do not even need to calculate it by yourself. It hs been done for many favourable stock.

PYPL volatility against S&P500 index for instance, by looking into Betha value

BTC volatility against USD

Stock Market volaility, themarket’s expectations for the relative strength of near-term price changes of the S&P 500 , the index (SPX). CBOE Volatility Index (VIX)

mooneysaver

If you store on your PC at home, what happens if your hard-drive fails? Genuine question, I am not up to speed with 'digital wallets'.

Thrugelmir

Zola. said:

197

Thrugelmir said:

Over 7% fall in value today and I thought that the stock markets were having it bad. 

Only traders should care about short term fluctuations..

Thought that Bitcoin was a stable currency for the future. 

If it's not a replacement for cash what exactly is it. 

Adyinvestment

What do you call someone who makes a single post approx once a week with a post that is designed to create an argument, then disappears to presumably watch the aftermath?

https://edu.gcfglobal.org/en/thenow/what-is-trolling/1/

TimSynths

mooneysaver said:

If you store on your PC at home, what happens if your hard-drive fails? Genuine question, I am not up to speed with 'digital wallets'.

A digital wallet is just an app either on your browser of phone. I bought a new pc last week and installed metamask back onto the browser in seconds with my password and seed phrase very simple, would be a similar process with installing an app on anew phone, just the same as a banking app.

I think the cases you read about whereby someone has thrown away a hard drive now worth $400 million is when they have been mining coins. If a hard drive has failed you would seek out a data recovery expert and pray to the Gods.

Also you can use cold wallets which are similar to a thumb drive so you can easily transfer your holdings, disconnect and store in a bank vault, box in the loft, Peak Frean biscuit tin under the bed etc.

Hexane

Thrugelmir said:

Zola. said:

197

Thrugelmir said:

Over 7% fall in value today and I thought that the stock markets were having it bad. 

Only traders should care about short term fluctuations..

Thought that Bitcoin was a stable currency for the future. 

But it is stable. It's been pretty evenly between $25,000 and $75,000 for more than a year now. Trading in the lower half of that window for now, but I'm sure that's just temporary.

Hexane

TimSynths said:

mooneysaver said:

If you store on your PC at home, what happens if your hard-drive fails? Genuine question, I am not up to speed with 'digital wallets'.

A digital wallet is just an app either on your browser of phone. I bought a new pc last week and installed metamask back onto the browser in seconds with my password and seed phrase very simple

It's possible that mooneysaver has lost some money in crypto investments before, so maybe they aren't up to speed with their password or seed phrase either. If their phone stops working, maybe they don't know what the next step is.

TimSynths said:

mooneysaver said:

If you store on your PC at home, what happens if your hard-drive fails? Genuine question, I am not up to speed with 'digital wallets'.

Also you can use cold wallets which are similar to a thumb drive so you can easily transfer your holdings, disconnect and store in a bank vault, box in the loft, Peak Frean biscuit tin under the bed etc.

Twenty years later, you get your item that is "similar to a thumb drive" out of its box in the loft, take it to your local crypto expert, and they look at you like you're daft. Or just say "nah mate, nothing on that."

Of course, you could easily prove them wrong by...

Malthusian

Thrugelmir said:

Thought that Bitcoin was a stable currency for the future. 

Bitcoin is stable. 1 Bitcoin always = 1 Bitcoin. It's the made-up government paper money that fluctuates like mad.