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Saint Cy of JFC said:
Yeah, so like, who uses it?

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Its more a investment tool and a store of value right now. But its going to be used by everyone in the future. Things dont happen overnight. When email first came out it wasnt used by everyone. Now it is. Thats how these things work. You gotta see it coming.

But to more directly answer your question. Here are a few companies that already accept it. Overstock.com, Expedia, NewEgg, Dish. Just to name a few. Bitcoin ATM's are starting to pop up. Its slowly but surely being adopted.

And yes, criminals use it too. Criminals use cash too though. Not sure how that matters all that much. You and I can use it too.
 
Computer said:
How much do you know about Bitcoin? Does the upcoming Segwit2x fork concern you at all? These next two weeks should be real interesting. I sold half of mine because of it, but the recent run has questioning that decision. Im baffled as to why it going up at all right now. I know the CME announced they were going to start doing ETF's and futures, but that still mean it should be going up right now. I think its going to be the investment of a lifetime. But still have to navigate through whats going to happen in the near future.

I heard about this way back in 08 or 09 when the financial crisis hit. What a missed opportunity that was not looking more into it. I got in early enough though. Started buying in at 2400, then at a bunch of different price points. Its been fun thats for sure.

Are you doing alt coins too?
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All other forks did nothing but increase the price of Bitcoin. We'll see how it goes. I have a coin on Coinbase, so I'll get one of the new coins.

/Shrug
 
Computer said:
Its more a investment tool and a store of value right now. But its going to be used by everyone in the future. Things dont happen overnight. When email first came out it wasnt used by everyone. Now it is. Thats how these things work. You gotta see it coming.

But to more directly answer your question. Here are a few companies that already accept it. Overstock.com, Expedia, NewEgg, Dish. Just to name a few. Bitcoin ATM's are starting to pop up. Its slowly but surely being adopted.

And yes, criminals use it too. Criminals use cash too though. Not sure how that matters all that much. You and I can use it too.
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Idk why you think I care if criminals use it. I was just curious, don't get defensive of your coins.

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Siro said:
All other forks did nothing but increase the price of Bitcoin. We'll see how it goes. I have a coin on Coinbase, so I'll get one of the new coins.

/Shrug
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This fork is a lot different I think. I could be wrong, but thats what Im getting out of it. Unlike the last two forks it was always expected that Bitcoin Cash and Bitcoin Gold wouldn't take over being the main blockchain. At least not right away. BitcoinCash has that potential if this goes south though. Bitcoin Gold is as good as dead. But this new Segwit2x supposedly has 85% of the miners and exchanges on its side. See the New York Agreement. I heard its losing support, but still its going to have big support behind it unless its loses all its steam in 2 weeks. And thats gotta mean some sort of change or problems ahead.

I dont know. I just think FUD should override the optimism and FOMO right now there is a really bumpy road ahead.
 
Saint Cy of JFC said:
Do y'all use Trezor?

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No. He probably doesnt either. You can download your money to a wallet like that. Or you can keep it on an exchange. Both have some risk associated with it. Im choosing to keep mine on the exchange for now. I think he is too. Gotta keep it ready to move during these times. I would only keep a little in a wallet anyways and the rest locked up in a bank. But thats in the future. The safety and security around bitcoin still needs to improve. Its kinda risky to hold it anywhere.
 
Computer said:
No. He probably doesnt either. You can download your money to a wallet like that. Or you can keep it on an exchange. Both have some risk associated with it. Im choosing to keep mine on the exchange for now. I think he is too. Gotta keep it ready to move during these times. I would only keep a little in a wallet anyways and the rest locked up in a bank. But thats in the future. The safety and security around bitcoin still needs to improve. Its kinda risky to hold it anywhere.
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Yeah, but Trezor has the best security. Seems like if you had a lot invested you'd want the best security.

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Saint Cy of JFC said:
Yeah, but Trezor has the best security. Seems like if you had a lot invested you'd want the best security.

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A lot of people use them. Im not sure what the best way is. I just know there is a chance you lose or destroy your wallet or forget your pass phrase and pin and the money is likely gone for good. Thats what a real offline wallet is. You are holding the private keys to your money. You can screw up and lose it. Nobody is going to reimburse you. The risk at the exchange is someone rolls in there with guns and robs them, because they keep almost all of it offline. They are like a bank. I guess they could rip you off too, but maybe you would have a case against them. And they arent likely to do it anyways.

They both have risks, but at least at the exchange its ready to move with a just quick sell button. I dont have to get it back to the exchange to sell it.
 
I had the same conversation with a coworker today about keeping the money on the exchange versus a private wallet, and about how this upcoming fork is different from the others. Funny how that works.

I'm currently not all that worried about security. I use multi-step authentication, so I'm good on my end. As for the fork, who knows? I can also sell at the first sign of trouble, and rebuy later.
 
just saw this thread. i did make a lot of money on the volatilty of amd and shopify!now is an excelent time to buy amd, as it hit bottom.
 
Siro said:
Sold some of the stocks to buy another bitcoin. I already gained $500 on the first bitcoin in 48 hours. This **** will keep climbing.

Check out my portfolio.

if35va.jpg


38% annual return. I'm amazing at investing!
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sup bro! what stock broker do you use. i use etoro! but wanna get a 2nd broker
 
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