TexasTraveler
I'm kind of a big deal
- Joined
- Mar 12, 2020
- Messages
- 5,479
Bitcoin is limited, but that limit can be changed...
I don't think it can be from what I have readBitcoin is limited, but that limit can be changed...
If the majority of stockholders vote to raise limit it most certainly can be raisedI don't think it can be from what I have read
That is not how it worksIf the majority of stockholders vote to raise limit it most certainly can be raised
It was a metaphorI appreciate your help. This still makes zero sense to me. In something as advanced and complicated as crypto, how could the limitation of a simple calculator be the foundation on which it is built?
If the majority of stockholders vote to raise limit it most certainly can be raised
Is it tracking the FED or is it tracking the banking collapses?
Good info! Thanks Dan!Jeff. @CigarStone I don’t mean to be an ass but no one here will be able to explain what Bitcoin is and how it works unless you do some reading or googling on your own.
Crypto is a very interesting concept and it goes well beyond Bitcoin and just how much of it is out there. Or can ever be out there. A lot of best crypto concepts are also tied to Utility. Ex you want one software to talk to another software this will cost you say 1 coin of crypto X per hour to achieve.
In my opinion as technology gets more and more advanced this is the future of crypto. Now all these coins are valued in comparison to Bitcoin not dollar. also to buy coin X you will need some Bitcoin vs a dollar. Making Bitcoin a necessary commodity for crypto transactions as well as a measuring stick for overall crypto market.
Not sure on the fees , however if you download the coinbase app , they have a learn and earn thing. How good the app is I don't know but I'll take free. LolOk, now I have to ask. Is there a site where you can make minimal purchases, and what about fees? Anybody help? Might be the first pug on the planet to own some crypto.
Thanks Nate. I did see that app, but as soon as you fill in ou the internet knows you are alive. That's the part I don't like. Maybe some of our players will chime in. I just want to be careful.
Price movement of $2000 or higher? $2000 of what, since bitcoin isn’t tied to the dollar?Coinbase is very expensive. Check out Kraken.com. Binance.US is another good exchange however higher fees and horrible customer service. Kraken nails it all around, and very reputable with regular liquidity audits. From my research, and I've been following crypto daily for the 5+ years, we're about enter another bull market. Just my opinion based upon my own research.
In regards to fees, if you're just buying small amounts and not day trading, then any reputable exchange is fine. The only ones I trust are coinbase, binance and kraken. Kraken being my top choice, then binance then coinbase. Fee's aren't as bad as they sound. For example, a limit order on kraken for a $10k limit order would cost about $17. So if you're day trading and purchased 10k worth of litecoin at $85/coin, you would be buying almost 118 coins. If the price goes up $1 and you sell, you just made $118 minus $17. Price movement on Litecoin for example is about a $10 or more swing daily. BTC can have a price movement of $2,000 or higher. Now you see how day trading crypto is far better than stocks?
Looks like you have become the new Kona. Psssssst, I have some awesome land in Florida, $2.2M.
I can't give you a deed, there is no record of our transaction, but you will love the property!
Do you have a boat?
Correct, bitcoin is not tied to the dollar. You can sell/trade it for anything someone is willing to trade you for it. Most commonly, traders trade bitcoin with the US Dollar on an exchange. Price movements on exchanges can have a $2k more swing within 24 hours. Markets never close, because bitcoin is not on a "market". It's a free and independent "token" currently valued at around $27k.
Think of it like your house. Is your property tied to the dollar? Of course not, however when you go to sell it you're probably going to want dollars in exchange for it, while someone else may want bitcoin in exchange. Bitcoin is considered "property" and is treated as such in the US.