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Polishing a turd near you!! -
what do we make of Venezuela's attempt to use crypto currency to get themselves out of their economic mess
how much value will a oil backed crypto have?
https://www.reuters.com/article/us-v...-idUSKBN1DX0SQComment
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Originally posted by filthy1980 View Post
So they back it by oil....What happens when the oil runs out? Aaaah it turns into a form USD which no one will want to hold.
Polishing a turd near you!!Comment
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However, Nice shirt
Polishing a turd near you!!Comment
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I noticed JP have been buying up quite a bit of bitcoin through a Danish subsidiary. Oh bankers - double dealing back stabbing barstewardsOriginally posted by AtW View Post
Incidentally he's not wrong. Remember you think BTC is expensive right now. But to hedge funds etc it's still cheap. If 1% on money that is currently invested in gold is transferred to bitcoin, bitcoin will shoot to over $500k a coin in a few years."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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bitcoin cash might be something to look at. Don't know much about it other than someone is trying to buy 3200 BTC's worth. Yeah, $35m.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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I'm worried about keeping several hundred grand on bittrex and someone has $35m
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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$35mOriginally posted by scooterscot View PostI'm worried about keeping several hundred grand on bittrex and someone has $35m
I've only got a bit of OMG lurking around bittrex
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35m is pocket change if it's one of the billionaire gamblers or international drug cartels. Worry about percentage of your wealth exposure to risk rather than overall amount.Originally posted by scooterscot View PostI'm worried about keeping several hundred grand on bittrex and someone has $35mMaybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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The people I follow on twitter are generally against it. The people behind it are trying to claim it's 'the real bitcoin'.Originally posted by scooterscot View Postbitcoin cash might be something to look at. Don't know much about it other than someone is trying to buy 3200 BTC's worth. Yeah, $35m.
While it is probably better than bitcoin in terms of faster confirmation times, that's probably because it's a smaller network and no one trades agains it. It's still poor compared to other currencies from a technical point of view. For me it has nothing to offer over bitcoin except potentially faster confirmation times.
It's basically just dining out on the bitcoin brand. When the bubble bursts this will be one of the ones that will go to zero IMO.Comment
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