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Thread: Who buys Bitcoin

  1. #21

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  4. #24

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    i'm surprise no one here talk about berkshire hathaway exited their barrick gold position, in less than a year
    very quiet on this from peter schiff too, although he raved about it for weeks when warren buffett bought barrick.

  5. #25

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    Quote Originally Posted by yellowsnow View Post
    btc is correcting as elon musk tweeted btc and eth being too high.
    He tweet that because IMO
    1. to appease the SEC for investigating tesla buying btc and then announce it, driving btc price up. Elon want to give back some gain from tesla btc buy announcement. SEC is chasing ghost here.
    2. CEO of microstrategy who helped tesla to buy btc, just raise (again) $600 million fiat 5 days ago to buy more btc, his third buying spree. He sure welcome the timing of elon's tweet to lower his btc purchase price

    btc down 11.5% from 58.2k peak so far

    correction, convertible debt over subscribed, he got $1B instead.

  6. #26

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    Who buys?
    Anyone with a Paypal account can now buy with easy links to
    Bitcoin
    Ethereum
    Bitcoin Cash
    Litecoin
    No his mind is not for rent
    To any god or government
    Always hopeful, yet discontent
    He knows changes aren't permanent
    But change is

  7. #27

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    Quote Originally Posted by The Sage View Post
    Who buys?
    Anyone with a Paypal account can now buy with easy links to
    Bitcoin
    Ethereum
    Bitcoin Cash
    Litecoin
    I would consider using one of these for a short time to transfer from paypal of which I would then make a purchase from on-online bullion dealer that takes bitcoin. If they take bitcoin, I guess they take bitcoin cash? Any efficient way to use another cyber-currency at a bullion dealer that takes bitcoin? If they take bitcoin, does it usually mean they may also take other cybercurrency? Which of the above is most likely to have little change in value (especially to the down side) for a period of a week?

    I'm really only interested in exploring the use of these digital currencies as currencies, not to save in them-- that means efficiency, meaning I don't want to spend much time researching/learning about them, nor to pay any use fees, so if you have answers to the above, it would be much appreciated, and who knows, you may get this hater to be a user.
    Last edited by motocat; 02-23-2021 at 12:42 PM.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  8. #28

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    Quote Originally Posted by yellowsnow View Post
    correction, convertible debt over subscribed, he got $1B instead.
    perfect timing to buy on this dip

  9. #29

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    Quote Originally Posted by motocat View Post
    I would consider using one of these for a short time to transfer from paypal of which I would then make a purchase from on-online bullion dealer that takes bitcoin. If they take bitcoin, I guess they take bitcoin cash? Any efficient way to use another cyber-currency at a bullion dealer that takes bitcoin? If they take bitcoin, does it usually mean they may also take other cybercurrency? Which of the above is most likely to have little change in value (especially to the down side) for a period of a week?

    I'm really only interested in exploring the use of these digital currencies as currencies, not to save in them-- that means efficiency, meaning I don't want to spend much time researching/learning about them, nor to pay any use fees, so if you have answers to the above, it would be much appreciated, and who knows, you may get this hater to be a user.
    Probably every retailer has its own rules. . .

    Right now, Bitcoin is probably too volatile to be used as a currency, but there are other stable coins too. The "industry" is rapidly evolving . . who knows where the future ends . . .but there is this future good 'un ---> Crypto gives the opportunity to travel from nation to nation, without having to carry and convert a local currency. All you need is your access keys and you can have your money in a digital currency that's accepted worldwide. Lots of advantages.
    No his mind is not for rent
    To any god or government
    Always hopeful, yet discontent
    He knows changes aren't permanent
    But change is

  10. #30

    Default

    Quote Originally Posted by The Sage View Post
    Probably every retailer has its own rules. . .

    Right now, Bitcoin is probably too volatile to be used as a currency, but there are other stable coins too. The "industry" is rapidly evolving . . who knows where the future ends . . .but there is this future good 'un ---> Crypto gives the opportunity to travel from nation to nation, without having to carry and convert a local currency. All you need is your access keys and you can have your money in a digital currency that's accepted worldwide. Lots of advantages.
    no sane crypto owners want to spend their btc/ltc, they rather spend fiat, basic Gresham's law
    today btc is digital gold. How many people spend their gold for daily use? none

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