Cryptocurrency is crashing, are you in or out?

[Ultr]

Ganoncrotch said:

GProgrammer said:

I highly doubt anyone will do this, Do you know how bitcoin works?

Heres sort of how such a transaction will take place

person goes into KFC

Can I have 3 pieces of chicken cost $10,

cashier : OK that will be $30

person: but it says $10

Cashier: yes but add $20 extra for transaction costs

person: fine heres $30 bitcoin

Cashier: OK come back in 48 hours once the transaction has gone through and been approved and then we will give you your 3 pieces of chicken

you left out the part where you come back in 2 days and find your $30 of bitcoin is now worth 30c and you need to get your wallet out anyway.

As for bitcoin to me the things are like Pogs, some people will try to convince you that it has a $ value, even though you cannot spend it like you can $'s those same people try to suggest that dollar value has increased... but really it's based on nothing more than a fad of people who do not understand why a real currency has value as it's guaranteed by a bank rather than a currency based on code.

It can crash and burn along with everyone who thinks it's the next coming of christ for all I care.

But Crypto and the Tech behind it can be huge for the world.

 

You should really educate yourself a bit on this topic because its not going anywhere. Yes the value will fluctuate but that is just speculation. But the technology behind it is here to stay.

Also Bitcoin is not the only thing out there

 

There is even a coin that tries to provide universal basic income to everyone on this planet :D its insane. But hey, what else are humans here for if not for testing new things?