Bitcoin

constant escape

winter withered, warm
In terms of unbridled ambition, the high costs would pertain to construction of certain environments and the acquiring of certain equipment. But all of that is extraneous. I'd suffer withdrawal if I lost this laptop I'm using, but entertainment-wise I can manage with extreme austerity. I'd ask for paper and writing utensils. Beyond that is luxury.
 

luka

Well-known member
@146 I.Q. Magical thinker have you read Oliver Craner's new essay on The Queen of Conde Nast, Anna Wintour?

 
How is the current surge different from the late 2017 bubble?

This time it's corporate money driving the price, but with greater scarcity. Bitcoin is being withdrawn from exchanges and held, there is not enough to satisfy demand. Less day trading and altcoin trading. There's a much better understanding of the significance of bitcoin's absolute scarcity now, plus over a decade of trouble free existence. It's a reliable store of value rather than money. Gold 2.0.
 

muser

Well-known member
I would like to get in on the action. I've long been Interested in making money. How do you get started?

Don't do it you'll watch loads of stressful videos on YouTube everyday, "Why we are due a huge correction in the next 3 days!!! Drops by up to 50%" "$200,000 bitcoin possible in the next quarter heres why!" "You wouldn't believe what my Euclidian Three-fold Fibonacci retracement says is going to happen to bitcoin in the next THREE HOURS!! Watch before it's too late!!"
 

constant escape

winter withered, warm
Tell me how
Yeah I use coinbase. And as far as I can tell, there are conversion fees that coinbase imposes whenever you convert between currencies, except when you are converting to or from DAI. So I had maybe $65 in DAI, which is a "stablecoin" and doesn;t fluctuate, and I converted it to Bitcoin, and I now have a little under $60 in Bitcoin, because it does fluctuate.

Not sure if there was some invisible fee paid during the conversion, but I do know that the conversion fee is displayed when you convert between other currencies, and that fee reads $0.00 when you are switching to or from DAI.

Coinbase can link to a bank account, and it also gives away modest sums of thir or that currency, as a reward for watching informational videos about said currency, and then filling out a little quiz. I personally put around 40 dollars into this, but the rest was earned through the quizzes. Lost some due to prior conversions though, before I starting converting through DAI.
 

version

Well-known member
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