***All Things Cryptocurrency***

[ekgbeat]

finally its live, I'm talking about the rake-free no-rake no juice or commission free poker whatever u wanna call it. not allowed to post link here but just search nolimitcoinpoker
I tested it last night, no app yet but browser based load is fast. UI is smooth and responsive, too bad if from USA not legal to deposit yet. Hopefully next year they legalize it in CA.
BTW, they also offer WSOP free-roll this Sat 6/30 12PM PT so 1 winner will get Main Event ticket + pocket $$ + lunch and maybe some tips from their endorser Johnny Chan. So excited I shud post this WSOP free-roll outside of here hopefully its allowed. Its good news for poker players :dancing2:

It's unfortunate that US players aren't allowed, but I will keep my eye out for developments.

 

[ekgbeat]

I have been trying to post jpg files of the current BTC price, but I get an "upload errors" every time. The file is under 5mb.

Is anyone else getting this error, or is there a way to see what the error is?

 

[dj11]

As of 1 minute ago;

 

[sinatruces]

its good news for people that dont access to international banks like as us that live in iran.

 

[ekgbeat]

As of 1 minute ago;

View attachment 205141

Thanks for posting. Hopefully I can get the attachment issues figured out.

 

[joeykel]

Thanks for posting. Hopefully I can get the attachment issues figured out.

I am new to the forum and just saying hi. Its been pretty quiet for a long time here. The market is moving again. We have faced serious resistance now twice trying to break 6800. I wonder where we are going to find support next. What do you guys think?

 

[dj11]

Hopefully, this is a dynamic link;

https://www.google.com/search?q=BTC...i59j69i65l2.4769j0j8&sourceid=chrome&ie=UTF-8

 

[ekgbeat]

I am new to the forum and just saying hi. Its been pretty quiet for a long time here. The market is moving again. We have faced serious resistance now twice trying to break 6800. I wonder where we are going to find support next. What do you guys think?

It looks like $7K will be the next support if it can break and hold. It is also the resistance so there's that too.

Hopefully, this is a dynamic link;

https://www.google.com/search?q=BTC...i59j69i65l2.4769j0j8&sourceid=chrome&ie=UTF-8

Link is dynamic, but the fans want pictures

 

[TH13gambler]

I call bitcoin shitcoin, that should be enough to understand my views on cryptos. My biggest problem with them is the fact that they arent actually backed by anything or with anything.
if you collect coins or are interested in them you will notice they all have something similar in common, on one said there is a head of state and on the flip side of some like old greek coins for example wheat. our modern currency are the same they are government backed and with these cryptos, government can step in at anytime and fully regulate thme make thme illegal or start one of their own, a countrys own crypto which has already begun. i read russia are considering a crypto of their own creation and i think estonia have one already.
My other issue with them is, can i buy a pint of beer? can i buy pizza or go to the local shop and use them? no i cant, i dont understand something thats not attached to anything, to me it has no real value and i think people are gonna get hurt in the end.
i think its a good idea and probably a pioneer for later things which are in fact govnerment backed just like money.

 

[canabero]

My biggest problem with them is the fact that they arent actually backed by anything or with anything.

so dollar, euro or any fiat are backed by ?????????????? do you know the answer? lol

 

[TH13gambler]

im confused? fiat? the dollar by government and central bank and euro the European bank. fiat?? i think i might have missed a joke here

 

[TH13gambler]

oh wait i just found the fiat thing, to be fair that is pretty shit on workers

 

[BelgoSuisse]

so dollar, euro or any fiat are backed by ?????????????? do you know the answer? lol

It’s the currency that you use to pay your taxes. And there is a commitment by the central banks to manage the money in order to keep inflation around 2%, so it is backed by the basket of goods and services used to compute CPI.

That is arguably the best backed currencies in the history of mankind.

 

[mk0523]

im confused? fiat? the dollar by government and central bank and euro the European bank. fiat?? i think i might have missed a joke here

You mean the central banks that own and control the governments and deliberately inflate and destroy national currencies for their benefit? Average people don't understand that due to Central Bank's practices, you are losing money in the current market due to inflation. The only way to overcome that is by investing and making a greater return than the current inflation rate. Millions and millions of people are getting screwed.

 

[mk0523]

It’s the currency that you use to pay your taxes. And there is a commitment by the central banks to manage the money in order to keep inflation around 2%, so it is backed by the basket of goods and services used to compute CPI.

That is arguably the best backed currencies in the history of mankind.

Why do they have to manage it?

 

[BelgoSuisse]

Why do they have to manage it?

Because when currencies are not managed, their value vary widely like BTC, which makes them entirely unsuitable as a medium of transactions.

 

[TH13gambler]

i ws just stating an answer to how it works at present, thats always been the way of currnecys, im not here for an argument or political discussion, personally my main political issue is climate change.

 

[BelgoSuisse]

You mean the central banks that own and control the governments and deliberately inflate and destroy national currencies for their benefit? Average people don't understand that due to Central Bank's practices, you are losing money in the current market due to inflation. The only way to overcome that is by investing and making a greater return than the current inflation rate. Millions and millions of people are getting screwed.

Edging against inflation only requires buying real assets like housing, stocks, bonds, ... you’re not supposed to hoard lots of cash. The purpose of a currency is not hoarding. It’s simplifying the exchange of real goods.

 

[canabero]

ok, actual currency are not backed, the value they have is the confidence you give to it.
i'll make another great question: what was the last government that had a money with a backup ( gold) ?

 

[TH13gambler]

I think it night lead to something in future , like you said to just simplyfy purchases online etc, but to many peopel see it as a view to topple govnerments etc, in my country my govenrment is not that corrupt at all, they use taxes for free medical free education they provide services and they are also now looking to end homelessness, the govenr,ment here aint perfect but they aint the devils they get made out to be. they pay schools and people get welfare money. only 2% of gdp is spent on weapons and war, all this govenrment toppling is a little nonsense, anyway if you want to chnage the world get up and go do it nobodys stopping anyone.

 

[TH13gambler]

of course its backed its backed on the strength of the economy the business

 

[canabero]

of course its backed its backed on the strength of the economy the business

so stronge that dollar has lost 98% of its value in 100 years.

 

[mk0523]

Because when currencies are not managed, their value vary widely like BTC, which makes them entirely unsuitable as a medium of transactions.

I didn't say not managed. I said why do they specifically have to manage it?

 

[mk0523]

Edging against inflation only requires buying real assets like housing, stocks, bonds, ... you’re not supposed to hoard lots of cash. The purpose of a currency is not hoarding. It’s simplifying the exchange of real goods.

Okay and I'll go back to my last point in that most people don't realize they are getting screwed and have no clue how to invest. There is also no reason at all why someone should have to risk their money buying any kind of asset to maintain their wealth.

Why shouldn't you be able to hoard cash without penalty? Banks hoard cash, why can't people hoard cash? What do you do for a living by the way?

 

[canabero]

Because when currencies are not managed, their value vary widely like BTC, which makes them entirely unsuitable as a medium of transactions.

don't forget that value of currencies are set by forex. the market volume of forex is extremely high so it's hard to manipilate, crypto market is very lower in comparison so it can be "easily" manipulated.
and also don't forget the inflation, it's a fact that money lose value for that every year. so the value can be stable for the moment but in the future the value just keeps going down and down.
BTC to be trustable as a money to use it regularly needs to be one of the main currencies to use it. if it happens, 1 BTC will always be 1 BTC.