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BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...

 
Anonymous Coward
User ID: 75955758
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12/07/2017 07:10 PM
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BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
Anonymous Coward
User ID: 75942919
United Kingdom
12/07/2017 07:14 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
Exactly. All these bitcoiners who claim they are rich when they havenít even cashed out yet. You are only rich once you have that fiat money in your pocket.
Anonymous Coward (OP)
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12/07/2017 07:15 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
Exactly. All these bitcoiners who claim they are rich when they havenít even cashed out yet. You are only rich once you have that fiat money in your pocket.
 Quoting: Anonymous Coward 75942919


hesright
Anonymous Coward
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Brazil
12/07/2017 07:15 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
These places are exchanges
 Quoting: Anonymous Coward 75955758


You're your own bank with bitcoin, not the exchange.
Anonymous Coward (OP)
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12/07/2017 07:16 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
These places are exchanges
 Quoting: Anonymous Coward 75955758


You're your own bank with bitcoin, not the exchange.
 Quoting: Anonymous Coward 75957888


Unless you stay in BTC, you aren't getting to your $$$ in a hurry if the whole world is cashing in. Fuck your one star.
Anonymous Coward
User ID: 75957845
United Kingdom
12/07/2017 07:17 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
The bitcoin holders will be turded on


But they deserve it
Anonymous Coward
User ID: 75957888
Brazil
12/07/2017 07:18 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
These places are exchanges
 Quoting: Anonymous Coward 75955758


You're your own bank with bitcoin, not the exchange.
 Quoting: Anonymous Coward 75957888


Unless you stay in BTC, you aren't getting to your $$$ in a hurry if the whole world is cashing in. Fuck your one star.
 Quoting: Anonymous Coward 75955758


Well, you deserve losing all your money if you only want to do some quick money and do not believe in the techonology and the power that it gives to you.
Anonymous Coward
User ID: 75957824
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12/07/2017 07:20 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
If all guvs ban exchanging it.it becomes worthless.
What if its only legal in chad or zimbabwe?
Lmao!
Anonymous Coward
User ID: 75957888
Brazil
12/07/2017 07:21 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
If all guvs ban exchanging it.it becomes worthless.
What if its only legal in chad or zimbabwe?
Lmao!
 Quoting: Anonymous Coward 75957824


Nope. You can use decentralized exchanges.
Anonymous Coward
User ID: 64338359
United States
12/07/2017 07:27 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758

Seriously, you're an idiot.

For every seller, there is a buyer with money deposited in an account.

You sell your coins to a buyer. That's what an exchange is.
Anonymous Coward (OP)
User ID: 75955758
United States
12/07/2017 07:28 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758

Seriously, you're an idiot.

For every seller, there is a buyer with money deposited in an account.

You sell your coins to a buyer. That's what an exchange is.
 Quoting: Anonymous Coward 64338359


LOL funny. You gotta be kidding me. Think about what you are saying.
Anonymous Coward
User ID: 75818236
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12/07/2017 07:34 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
u idiots who continue to question how we can do this and what will happen next when you are clueless.

I was able to buy and sell BTC and ETH all day on gemini and bittrex.

But you can keep waiting for the bottom to fall out.
Anonymous Coward
User ID: 64338359
United States
12/07/2017 07:36 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758

Seriously, you're an idiot.

For every seller, there is a buyer with money deposited in an account.

You sell your coins to a buyer. That's what an exchange is.
 Quoting: Anonymous Coward 64338359


LOL funny. You gotta be kidding me. Think about what you are saying.
 Quoting: Anonymous Coward 75955758

LOL ???

Seriously, you're an idiot.

You have NO CLUE what you are talking about.
Suwanee_Sasquatch

User ID: 73853946
United States
12/07/2017 07:37 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758


Folks have been cashing out since 2011 dumbass! How are all of the non-BTCer's so fucking stupid ...lol
XRP & XLM

XRP = eXchange Rate Peg (Wholesale)
XLM = eXchange Liquidity Measure (Retail)

NESARA / GESARA
Anonymous Coward
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12/07/2017 07:37 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
OP, just how do you think an exchange works ?
Suwanee_Sasquatch

User ID: 73853946
United States
12/07/2017 07:41 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758


Op,

I've been with GLP since 2004, you have got to be the stupidest op, I have ever read.
XRP & XLM

XRP = eXchange Rate Peg (Wholesale)
XLM = eXchange Liquidity Measure (Retail)

NESARA / GESARA
Anonymous Coward
User ID: 73550067
United States
12/07/2017 07:46 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
You need to do more research before you comment.

Bitcoins are currency. You can buy items with bitcoin. Anything Amazon sells you can buy. Food, clothes, TVs.... anything cause Amazon accepts it now. You donít need USDs anymore.
Anonymous Coward
User ID: 8038449
United States
12/07/2017 07:46 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758


op, 100% correct


also, block chain technology is fucking GARBAGE

all the retards parroting blockchain are dumb fucks
Anonymous Coward
User ID: 74661974
Canada
12/07/2017 07:47 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
Anonymous Coward
User ID: 64338359
United States
12/07/2017 07:52 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758


op, 100% correct


also, block chain technology is fucking GARBAGE

all the retards parroting blockchain are dumb fucks
 Quoting: Anonymous Coward 8038449

Why is block chain technology is fucking GARBAGE ?
Mike_Grimmel

User ID: 75045252
United States
12/07/2017 07:52 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
I cash out of Coinbase ALL THE TIME no problem, they send it fast too, within 36 hours
Still eating the crust off Hillary's dirty diaper, I see.

ALL HAIL HIS GRACE, DONALD OF HOUSE TRUMP, Keeper of the Borders, Father of the Walls, Deporter of illegals, Usurper of Prime Real Estate, Master of the Deal, Haver of the Best Words, Defiler of Miss Universes, Slayer of Cucks, Overlord of the Kingdoms of North America and Europe, God of Gods, King of Kings, Leader of the Human Species, Lord of the European Race and President of the Realm.

Thread: A so called 'time traveler' maybe made some hits so far...

Thread: liberalism really is a mental disorder (Page 2)
ACME CROWBAR MAKERS
User ID: 70823438
Australia
12/07/2017 07:57 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
You are only rich once you have that fiat money in your pocket.
 Quoting: Anonymous Coward 75942919


siren2shillsiren2

typical fiat moneys shill. really yore only rich when you have an acme crowbar in yore pocket!!
Anonymous Coward
User ID: 8038449
United States
12/07/2017 08:04 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
How are you going to cash out? There is going to be a HUUUUUUUUUUUUUGE bottleneck. I suspect that is why Coinbase crashed today. These places are exchanges, not banks. As the price climbs higher and higher, there needs to be actual cash coming into the exchanges, otherwise you cannot pull out your tens of thousands, let alone hundreds of thousands.

Any way around this? I think it will get worse each passing day.
 Quoting: Anonymous Coward 75955758


op, 100% correct


also, block chain technology is fucking GARBAGE

all the retards parroting blockchain are dumb fucks
 Quoting: Anonymous Coward 8038449

Why is block chain technology is fucking GARBAGE ?
 Quoting: Anonymous Coward 64338359


look at its scalability and performance

there are easier ways to solve the double spend problem in a distributed consensus ledger

its needlessly complex so people dont realize how retarded it actually is
Anonymous Coward
User ID: 75888571
Australia
12/07/2017 08:08 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
If all guvs ban exchanging it.it becomes worthless.
What if its only legal in chad or zimbabwe?
Lmao!
 Quoting: Anonymous Coward 75957824


Nope. You can use decentralized exchanges.
 Quoting: Anonymous Coward 75957888


You don't even know what that means! What do you think Forex is? There is no central exchange either.
Bud Fox

User ID: 75813444
United States
12/07/2017 08:13 PM

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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
Might be an easier way. Zerohedge is reporting Ampex is now accepting bitcoin for precious metals. So I guess you could convert you wallet for of bitcoin for gold bars?
Blue Horseshoe loves GLP
Sikhed

User ID: 5898996
United States
12/07/2017 08:14 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
u idiots who continue to question how we can do this and what will happen next when you are clueless.

I was able to buy and sell BTC and ETH all day on gemini and bittrex.

But you can keep waiting for the bottom to fall out.
 Quoting: Anonymous Coward 75818236


Were you just exchanging BTC for ETH and LTE, or were you selling them for fiat cash?
:doom360:
Anonymous Coward
User ID: 64338359
United States
12/07/2017 08:20 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
there are easier ways to solve the double spend problem in a distributed consensus ledger
 Quoting: Anonymous Coward 8038449

Name several.
Bit-Pro
User ID: 75935403
United Kingdom
12/07/2017 08:24 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
Just as a test i sold £100 of BTC using Coinbase and lost 3% in charges in an instant and the price was none to good, bit delayed.

They put the money in a GBP wallet that they hold, hold without my trust so i went all the way and tried to send the £££ back to my bank account.

I would fill half a page here explaining the long drawn out expensive process of getting your money but it involves SEPA and that involves euro conversion of currency at both ends.

Still waiting to see what gets left out of the £100 but enjoy the ride as you get fucked over getting access to your money.
Bit Pro
User ID: 75935403
United Kingdom
12/07/2017 08:30 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
look at its scalability and performance

there are easier ways to solve the double spend problem in a distributed consensus ledger

its needlessly complex so people dont realize how retarded it actually is
 Quoting: Anonymous Coward 8038449


At long last someone who knows what he is talking about.

Would be good to hear your comments on how it is no longer decentralized in real terms and how forks lead to a doubling of the money/token supply if you are up for the job.

WELL DONE SIR
Anonymous Coward (OP)
User ID: 75955758
United States
12/07/2017 08:33 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
Just as a test i sold £100 of BTC using Coinbase and lost 3% in charges in an instant and the price was none to good, bit delayed.

They put the money in a GBP wallet that they hold, hold without my trust so i went all the way and tried to send the £££ back to my bank account.

I would fill half a page here explaining the long drawn out expensive process of getting your money but it involves SEPA and that involves euro conversion of currency at both ends.

Still waiting to see what gets left out of the £100 but enjoy the ride as you get fucked over getting access to your money.
 Quoting: Bit-Pro 75935403


hesright
Anonymous Coward
User ID: 75835116
United States
12/07/2017 08:37 PM
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Re: BITCOIN mania. ONE GIANT FLAW for BTC and getting rich from it. Maybe you won't care, but...
UK doesn't have an exchange?





GLP