Where are the bitcoin lovers now?

[jaygreenb]

Haters be like:

I'm sure they will be back in a year or so when it corrects to say I told you so. Strange group

 

[EyeOnThePrize]

@Blacksheep

Yeah you can buy any amount you want, its infinitely divisible. I would suggest getting the most you responsibly can over the next few weeks, then just set up a weekly buy, even if it is not a lot. Will add up over time. Learn about it though, I can point you to some good resources to get you started

Wrong... BTC is only divisible down to the 1/100 millionth. Each denomination has a name, the smallest being called a satoshi.
1 satoshi is 0.00000001 BTC.

You can't really expect to buy such a small amount because the transaction fee will be at least a couple bucks(depending on network congestion), but you can buy as much as you can comfortably afford without issue. I highly recommend buying on a DEX(DeFi exchange).

 

[Chev.Chelios]

Guessing in a couple weeks it’s gonna drop as bad as it did when it first hit 20k looool

 

[Blacksheep]

@Blacksheep


Wrong... BTC is only divisible down to the 1/100 millionth. Each denomination has a name, the smallest being called a satoshi.
1 satoshi is 0.00000001 BTC.

You can't really expect to buy such a small amount because the transaction fee will be at least a couple bucks(depending on network congestion), but you can buy as much as you can comfortably afford without issue. I highly recommend buying on a DEX(DeFi exchange).

Thanks for the explanation man!

Gonna check about this DEX.

 

[jaygreenb]

@Blacksheep


Wrong... BTC is only divisible down to the 1/100 millionth. Each denomination has a name, the smallest being called a satoshi.
1 satoshi is 0.00000001 BTC.

You can't really expect to buy such a small amount because the transaction fee will be at least a couple bucks(depending on network congestion), but you can buy as much as you can comfortably afford without issue. I highly recommend buying on a DEX(DeFi exchange).

Yes, I know what a satoshi. The point was he can buy any fiat demonization amount he wants. When you are buying on an exchange you aren't paying for transaction fees unless you move it off, you are paying whatever the exchange charges. So you can buy small amounts at a time, just wait to move it off until you have an amount that it is worth it. For someone completely new to the space, starting on a DEX will be too confusing. Keep it simple initially and as you begin to learn you can move to some of the more complex transactions.

 

[EyeOnThePrize]

Yes, I know what a satoshi. The point was he can buy any fiat demonization amount he wants.

If you know what a satoshi is then don't misinform people by saying BTC is infinitely divisible, it's not.

When you are buying on an exchange you aren't paying for transaction fees unless you move it off, you are paying whatever the exchange charges. So you can buy small amounts at a time, just wait to move it off until you have an amount that it is worth it. For someone completely new to the space, starting on a DEX will be too confusing. Keep it simple initially and as you begin to learn you can move to some of the more complex transactions.

Again wrong... CeFi exchange absolutely have transaction fees and they're always higher than DeFi exchange fees. A typical CeFi exchange fee could be 1.5% whereas a DeFi fee is 0.3%, that's a difference of 5x. Not to mention you don't have direct custody of your purchased coins with a CeFi purchase. If someone is going to buy many many times it would be stupid to pay the higher fee unless they're an extremely active trader and know what they're doing.

The space is young and volatile, and the entire point is to move away from CeFi. Someone new to the game should read extensively before buying anything and stick to DeFi.

You should learn to admit when you don't know something, instead of talking out of your as$, it would save everyone precious time.

 

[jaygreenb]

If you know what a satoshi is then don't misinform people by saying BTC is infinitely divisible, it's not.


Again wrong... CeFi exchange absolutely have transaction fees and they're always higher than DeFi exchange fees. A typical CeFi exchange fee could be 1.5% whereas a DeFi fee is 0.3%, that's a difference of 5x. Not to mention you don't have direct custody of your purchased coins with a CeFi purchase. If someone is going to buy many many times it would be stupid to pay the higher fee unless they're an extremely active trader and know what they're doing.

The space is young and volatile, and the entire point is to move away from CeFi. Someone new to the game should read extensively before buying anything and stick to DeFi.

You should learn to admit when you don't know something, instead of talking out of your as$, it would save everyone precious time.

You're a clown. I used a simplified statement to make the point he could buy any dollar amount he wanted to. Most people are not going to start learning about it until they have some skin in the game. Making a small purchase on an easy to use platform initially is perfectly reasonable to get started.

 

[EyeOnThePrize]

You're a clown. I used a simplified statement to make the point he could buy any dollar amount he wanted to. Most people are not going to start learning about it until they have some skin in the game. Making a small purchase on an easy to use platform initially is perfectly reasonable to get started.

He can't buy any dollar amount he wants to, it's not 'infinitely divisible', there are minimums and fees, both on exchanges and with the protocol itself. You gave bad info, incorrect info, get over it.

You've misinformed people and won't own up to it when called out, I'm not surprised you resort to attempting to undermine my character. You're not credible on the topic of crypto and you talk like a child, people shouldn't listen to you.

It's much better to install a wallet and receive a transfer from someone to learn about it. Buying on a CeFi exchange without knowing how the technology works is effectively gambling. You might as well go to a casino. It's only 'perfectly reasonable' if all you plan to do is gamble.

To anyone interested in the actual protocol, a good place to start is the bitcointalk forums, bitcointalk.org. It should go without saying that you shouldn't invest anything you aren't willing to lose.

 

[jaygreenb]

He can't buy any dollar amount he wants to, it's not 'infinitely divisible', there are minimums and fees, both on exchanges and with the protocol itself. You gave bad info, incorrect info, get over it.

You've misinformed people and won't own up to it when called out, I'm not surprised you resort to attempting to undermine my character. You're not credible on the topic of crypto and you talk like a child, people shouldn't listen to you.

It's much better to install a wallet and receive a transfer from someone to learn about it. Buying on a CeFi exchange without knowing how the technology works is effectively gambling. You might as well go to a casino. It's only 'perfectly reasonable' if all you plan to do is gamble.

To anyone interested in the actual protocol, a good place to start is the bitcointalk forums, bitcointalk.org. It should go without saying that you shouldn't invest anything you aren't willing to lose.

Ok, he has to buy over $1.99 worth on coinbase, $1 on paypal. You are harping on ridiculous details that do not matter. I assumed he would be doing more than that in a short response. It is infinitely divisible in the sense it can be broken down to less than a penny in decimal places at this point and up to a million for one btc. I guarantee I have more capital invested and am more informed in this space.

 

[EyeOnThePrize]

Ok, he has to buy over $1.99 worth on coinbase, $1 on paypal. You are harping on ridiculous details that do not matter.

Wrong... To someone that doesn't have much money the fees are a huge drawback, whether they realize it or not.
A $2 purchase on coinbase has a $1 fee. A $100 purchase has a $3 fee. That's 50% and 3% respectively. That adds up incredibly fast if you plan to make a purchase every few days or every week or even every month like someone would with minimal capital.

On a DeFi exchange you're looking at a 0.3% or lower flat fee, it's a massive difference. Not to mention you are the sole custodian of your coins.

I assumed he would be doing more than that in a short response. It is infinitely divisible in the sense it can be broken down to less than a penny in decimal places at this point and up to a million for one btc.

That still isn't infinitely divisible and makes no sense. Now you're just creating your own definitions for words instead of just owning up to not knowing what you're talking about or having misspoke.

I guarantee I have more capital invested and am more informed in this space.

Then you wouldn't be oblivious to simple crypto denominations and you wouldn't give bad info about fee structures.

Talk is cheap, I really don't care if you have more capital invested than I do. Anyone with serious capital has absolutely no interest in divulging those details or getting into a diick swinging contest with others about it on a public forum.

I'm pointing out where you're wrong so people don't get misinformed and throw money in the trash when they don't have to. Why that offends you I have no idea. I'll continue pointing out your bad advice and sharing my knowledge, I have no interest in getting you to admit to your ignorance on a topic despite clear evidence that you are.

You seem to think ego is more valuable than knowledge.

 

[Who Dares Win]

As long as jay powel keeps the printers going we'll be seeing growth after growth, covid has probably been the best assist for those into cryptos and stocks.

 

[wifehunter]

As long as jay powel keeps the printers going we'll be seeing growth after growth, covid has probably been the best assist for those into cryptos and stocks.

Bitcoin has the ace up it's sleeve. 'the halving'

 

[jaygreenb]

Wrong... To someone that doesn't have much money the fees are a huge drawback, whether they realize it or not.
A $2 purchase on coinbase has a $1 fee. A $100 purchase has a $3 fee. That's 50% and 3% respectively. That adds up incredibly fast if you plan to make a purchase every few days or every week or even every month like someone would with minimal capital.

On a DeFi exchange you're looking at a 0.3% or lower flat fee, it's a massive difference. Not to mention you are the sole custodian of your coins.


That still isn't infinitely divisible and makes no sense. Now you're just creating your own definitions for words instead of just owning up to not knowing what you're talking about or having misspoke.


Then you wouldn't be oblivious to simple crypto denominations and you wouldn't give bad info about fee structures.

Talk is cheap, I really don't care if you have more capital invested than I do. Anyone with serious capital has absolutely no interest in divulging those details or getting into a diick swinging contest with others about it on a public forum.

I'm pointing out where you're wrong so people don't get misinformed and throw money in the trash when they don't have to. Why that offends you I have no idea. I'll continue pointing out your bad advice and sharing my knowledge, I have no interest in getting you to admit to your ignorance on a topic despite clear evidence that you are.

You seem to think ego is more valuable than knowledge.
View attachment 5371

You have serious issues. My original statement was he can buy any fiat dollar amount since some people think you have to buy a whole coin, didn't mention anything about fees. I didn't realize I had to state it had to be over a dollar or you would throw a hissy fit. Maybe infinite wasn't the most accurate word but was trying to make the point that it can go out farther than any fraction of a dollar in a short sentence. You really focus on some irrelevant details and wording where in reality someone should look to start getting started and educated. That often is putting some skin the game, even if a small amount. Most people new to the space get overwhelmed/confused and it's best to keep it it simple initially. After they have some basic skills you can add onto it with DEX, trading, self custody etc. The only thing that could technically be argued wrong in my initial statement was the use of the word infinite. Go through the whole thread, I was buying the entire bottom and pretty much nailed where we would be now. I can prove anything I stated and the only reason I said it was because you questioned my credibility. Results matter, we can compare offline if you want just to prove a point.

 

[EyeOnThePrize]

You have serious issues. My original statement was he can buy any fiat dollar amount since some people think you have to buy a whole coin, didn't mention anything about fees. I didn't realize I had to state it had to be over a dollar or you would throw a hissy fit. Maybe infinite wasn't the most accurate word but was trying to make the point that it can go out farther than any fraction of a dollar in a short sentence. You really focus on some irrelevant details and wording where in reality someone should look to start getting started and educated. That often is putting some skin the game, even if a small amount. Most people new to the space get overwhelmed/confused and it's best to keep it it simple initially. After they have some basic skills you can add onto it with DEX, trading, self custody etc. The only thing that could technically be argued wrong in my initial statement was the use of the word infinite. Go through the whole thread, I was buying the entire bottom and pretty much nailed where we would be now. I can prove anything I stated and the only reason I said it was because you questioned my credibility. Results matter, we can compare offline if you want just to prove a point.

More deflection, more unaccountability, more diick measuring, laaame. Why do you care so much about what I think of you? We both like crypto, you said some stupid things, I corrected you. What kind of person gets offended when they're enlightened or corrected and starts getting defensive and name calling? The point is to educate others, not to stroke your fragile ego. Get over it.

As long as jay powel keeps the printers going we'll be seeing growth after growth, covid has probably been the best assist for those into cryptos and stocks.

Right? Since institutions are using BTC as an inflation hedge it's almost as if real deflation is the only thing that can bring BTC down. It'd have to be extremely dovish deflation too, a perfect deleveraging.

 

[EyeOnThePrize]

Matter of fact to prove my point even more I'll lead by example.

Anyone that wants BTC can PM me. Setup a wallet, send me your bitcoin address, and I'll send you some BTC.

That's how BTC is meant to be used, not through a centralized exchange, which defeats the entire purpose of decentralized finance. If BTC moons your on-exchange coins are not in your control at all, and could be held hostage (like we've already seen happen).

Best way to avoid a bad habit is to never start one.

 

[Who Dares Win]

If 2021 will work as 2017 price wise, there are good chances I'll be retired wealthy before my 40s.

 

[jaygreenb]

If 2021 will work as 2017 price wise, there are good chances I'll be retired wealthy before my 40s.

Have you looked at any of the products that provide yield like blockfi or Celsius? Considering trying them out just not sure I want to assume that risk. From what I am hearing there are going to be a lot more products like that coming out and will receive a premium. Bitcoin is really is the perfect collateral, liquid and able to mark to market 24/7

 

[Who Dares Win]

Have you looked at any of the products that provide yield like blockfi or Celsius? Considering trying them out just not sure I want to assume that risk. From what I am hearing there are going to be a lot more products like that coming out and will receive a premium. Bitcoin is really is the perfect collateral, liquid and able to mark to market 24/7

Heard about it but I would rather keep my stuff close.

 

[zinc4]

Lol OPs thread did not age well. It wont be dropping because massive stimulus checks about to be printed. And even if it did who cares....its been on a steady upward trajectory literally since it was invented. Im big on Ethereum as well and lots of smaller alts. Fiat will be be dead soon. Everything going digital. All countries fiat systems inflate like crazy every year. What happened in Venezuela can happen anywhere actually except maybe China and Russia. China has already unveiled its digital yuan and they have been hoarding bitcoin and ethereum. Pakistan just created its own government bitcoin mining farm. Hopefully you guys can see where this is all headed. Blockchain technology is literally the biggest invention since the internet and arguably will be bigger.

Guessing in a couple weeks it’s gonna drop as bad as it did when it first hit 20k looool

 

[Who Dares Win]

Both these guys have strong points, two different ways to say fvck it to a system that mistreats you.