Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ...
by cgmg on Thursday December 21, 2017 @06:00PM
(#15983687)
> bitcoin isn't rare to be a store of value.....everyday there's a new viable cryptocurrency springing up
What makes bitcoin 'rare' isn't the fact that it's a cryptocurrency, just like what makes a dollar 'rare' isn't the fact that it's a piece of paper.
It's the network (i.e. hash power) behind it.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ...
by chollida1 on Thursday December 21, 2017 @01:20PM
(#15981356)
> without wash trades to pump up its value, what good is bitcoin for??
Can you please explain in clear terms how a wash trade pushes up the value of bitcoin?
I can see it increasing the volume but not the value.
- bitcoin isn't usable as a transactional currency. it costs $30-40 per transaction. Plus other currencies are gaining steam, and offering other choices for people to transact
- bitcoin isn't rare to be a store of value.....everyday there's a new viable cryptocurrency springing up
- bitcoin isn't safer than dollar.....it can drop 90% in any day; no official entity is going to prop it up and make sure it doesn't crash. it can be banned by countries (and has been by a few)
- bitcoin isn't easy than square cash or visa or wires.....it can take several weeks to send money. plus the transaction fees are high