Red Mosquito

That is basically how I interpret everything anymore.

Whitey McTeeth wrote:That is basically how I interpret everything anymore.

I understand the math behind the blockchain better than I understand this.

Day trading coins is a thing now? How does one factor in the long transaction times?

simple schoolboy wrote:Day trading coins is a thing now? How does one factor in the long transaction times?

The exchanges are instant. I guess they do the transactions later?

You have to transfer your currency to the exchange to use them. Which creates a problem for the user: either you can lose lots of time waiting on your money to transfer to the exchange so you can sell it, or you keep your money on the exchange and risk the exchange getting hacked or disappearing.

This is the most I've ever understood about bitcoin in one article.

https://www.theatlantic.com/business/ar ... ld/547187/

Burt, is now a good time to get in on this?

Sgt. Crackpot wrote:Burt, is now a good time to get in on this?

I don't know. Certainly a better time than last month. See if it hangs around 7-8k for a bit.

It’s probably a good time to get it in on SQ stock and other fintech that utilizes crypto transactions.

BTC @ $6300.

Major US credit card companies blocking BTC purchases.

China bans cryptocurrency exchanges.

India plans to make cryptocurrency illegal.

odd that crypto and stocks are both tanking at the same time. You'd think there would be an inverse relationship. Probably just a coincidence.

Heh, not billionaires anymore. It happened quicker than I thought. Get out while they still have value, Burt.

and back up to $8900

it's almost like the price has nothing to do with its value

the orchestrated media FUD has stopped, and the orchestrated media FOMO is in.

I'm hoping we see another dip to around 7k, which means that will absolutely not happen.

maybe after another notable exchange theft happens it will all be on sale