Official BGOL Crypto Currency Thread ★★★★★

havelcok

Rising Star
Platinum Member
Doge is at .27 now and falling. is this temporary?


EzoCdvRWUAEESk0
 

Mask

"OneOfTheBest"
Platinum Member
I made this post on Dec 18, 2017



at the moment, some that I've seen mention to keep a eye out for


tron.png
TRON (TRX)

$0.040467 USD (10.35%)
0.00000214 BTC (13.63%)
0.00005546 ETH (8.19%)



verge.png
Verge (XVG)

$0.052523 USD (-12.33%)
0.00000279 BTC (-9.61%)

neo.png
NEO (NEO)

$77.18 USD (26.62%)
0.00409503 BTC (30.52%)






few cheaply coins that I'll probably move on today once i get full knowledge of the means to purchase them....

well once i feel comfortable with the operations

bytecoin-bcn.png
Bytecoin (BCN)

$0.004981 USD (10.57%)
0.00000026 BTC (13.45%)


dogecoin.png
Dogecoin (DOGE)

$0.006243 USD (-2.19%)
0.00000033 BTC (0.43%)
I’m just saying... manye I can’t get into my account. Coinbase still tripping
 
Last edited:

kdogg3270

Rising Star
BGOL Patreon Investor
well what do you know, account verification on Coinbase finally went through. crooked fuckers. I was finally able to login.
 

tical

Rising Star
BGOL Investor
Fam,

Help me understand something with cryptocurrency as I understand it.

I’m going with the understanding that cryptocurrency is like forms of money. Like say the US dollar/ British Pound etc. Assuming that’s accurate here are my two questions.

1)What’s the feasibility for using so many different cryptocurrency in a general market? I get it if it was only Bitcoin or Doge...But there are 1000x of different crypto.

2) If the value of these coins is volatile, always changing, then how the hell do you buy/sell anything using them?
 

Basetip

Rising Star
BGOL Investor
Fam,

Help me understand something with cryptocurrency as I understand it.

I’m going with the understanding that cryptocurrency is like forms of money. Like say the US dollar/ British Pound etc. Assuming that’s accurate here are my two questions.

1)What’s the feasibility for using so many different cryptocurrency in a general market? I get it if it was only Bitcoin or Doge...But there are 1000x of different crypto.

2) If the value of these coins is volatile, always changing, then how the hell do you buy/sell anything using them?
I understand your confusion... I'm no expert, so take this with a grain of salt...

Don't get so caught up on the 'CURRENCY' part of the concept...
To me Crypto is more akin to Stocks/Commodities (gold/silver/copper etc..) as it/they exist on the market.
You can buy them in that form using real money transferred thru a brokerage...
they still hold value(actual currency equivalent), but you have to convert it for whatever the current rate/value($, € , £ ) is in order to hold said value($100 or $45k) in your hands in order to buy a house, or car, or etc... the same is said for any crypto(real money conversion buys it, then you exchange different cryptos for others), only a few are accepted for straight up POS purchases (btc predominately).

OVER SIMPLIFIED WAY that helps me make since of that which I don't fully understand
 

APOPHIS

Autodidact / Polymath
Platinum Member
Fam,

Help me understand something with cryptocurrency as I understand it.

I’m going with the understanding that cryptocurrency is like forms of money. Like say the US dollar/ British Pound etc. Assuming that’s accurate here are my two questions.

1)What’s the feasibility for using so many different cryptocurrency in a general market? I get it if it was only Bitcoin or Doge...But there are 1000x of different crypto.

2) If the value of these coins is volatile, always changing, then how the hell do you buy/sell anything using them?


Reframe your thinking from currency to asset.
Very few places accept crypto as payment for services or products, but some cryptos have the potential to become real-world currencies in a distant future. They will most likely supplement existing gov't fiat currency if anything, and not completely replace them. The ones that have the potential to act as currency are stablecoins which do not fluctuate as they are pegged to the the dollar at a 1:1 basis. BTC and ETHE are lower on that list as they are too volatile and can swing in any price direction.

Coins you can use now as a form of accepted payment:

Bitcoin (generally accepted due to mass adoption)
Ethereum
Shopping.io (online shopping)
Travala (booking flights and hotels)
Stable Coins (bank transfers, etc)
 

Cali2Jerz

Star
Registered
What you guys think bout Nft Art ?





Seems like it had potential! I got a couple billy for less than $100. Worth a shot? It’s still early
 
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