Trust me I am no stamp collector here, actually worked in a crypto coin so I think your confusing what this article is about. This isn't at all about investing. There is a little gap between being an average crypto investor and a long term crypto user who abandoned fiat like I have personally done. This is about losing money on daily usages. I have done the math and with the fees right now to pay bills i am handing over an extra $100 just to load cards to pay what needs to be paid. With Litecoin or other alternatives that is reduced to about $10 a month.
When your just transacting from Bitcoin to another coin to pay bills, market prices don't even matter, its not an investment move that is a simple trade off of current value to another coin to directly pay what needs to be paid.
From investment standpoint, yes you should think and research...that I stand by and what i do on long term investments which I do on the side but my income comes in form of crypto so I am outside of that realm when I mean switching from Bitcoin to something like Litecoin for bill payments. Issue is, those options are limited to mostly Bitcoin so my reasoning for this post is to state that maybe we need wider options in this area for common usages and exit strategies in order to secure our funds while the issues with fees are present. Hope that makes sense.
I imagine all cryptos will eventually lose acceptance amongst retailers who currently accept them. Sure, they get paid the amount owed by the processors who make the transactions possible (just like VISA and MasterCard do with dollars). The problems will begin whenst the bubble officially pops in these "fantasies" that are cryptocurrencies. When the processors start getting taken out by gapdown moves in price, you "might" find yourself back to using dollars. And that's a good thing as the dollar will soon be one of the world's only "safe havens."
lol oh so your one of those guys in crypto trying to front as a crypto user but at the core a fraud for fiat lol. Now I get the trolling and threats above to kick some ass on me, by the way bad move there...pushing a little past some rules within this community but I get how a troll works and how they use threats as a game. Your in the wrong place my friend, kind of in the wolves den at this stage if your running around harassing crypto users with your trolling games. Listen, I am a grown up here....so I am disengaging from this childish taunts by you. I am a tax paying citizen who done very well with crypto vs that fiat crumbling system you bow down to. Between you and me, your the one in a fantasy to believe fiat will survive. Italy has fallen due to the fiat inflation machine and the domino effect is coming as predicted even by wall street. I actually feel pretty bad for those that don't see this yet. Here you could be making wiser use of your time to make some money but you are running around trolling and why your profile is making squat in crypto. Maybe that is something your not grasping about Steemit, what your pulling on my profile gets around and people blacklist you for your wrongful usage of this. Anyways have a great one, move along to the next guy you want to mess around with. Not happening here anymore
it has to be a troll otherwise he would have more followers i guess
If I had a ton of followers it would likely mean I am the "voice of the sheeple." The good news is that you will have plenty of company to share your tears with.
Yea its a definite troll, fiat backer who is here to simply harass users. Not cool but how immature people play their games.
I'm not harrassing anyone. Just stating facts. If you can't handle the truth it's your own fault. Ooooh skeeeery, all of the rest of the crypto morons at this site are going to flag my every spew. Oh no! What will I do?!! All my dreams of becoming a crypto millionaire...ruint! Get a clue, clown. "Fiat" gonna rip your face off!
Get a life, no one is flagging you just made aware of your immaturity. You back nothing up and you waste my time, adios and take it on to the next guy you think you can scare off of crypto, me you can't do that too, I work and earn my funds quite well in it and have no complaints with it nor ever will. Fiat gave me nothing but shit and crypto changed my life for the better, sorry you failed with crypto or whatever broke your heart about it but your words against it mean nothing to me. Done engaging this stupidity with you. I am almost 40 years old here and I do not deal with constant childish trolling.
Yeah, your life is getting better every day I'm sure. Litecoin down 13% yesterday. I'm sure your ass will get shredded for another 10% today. By Sept you will be destitute and lonely but at least you will have plenty of other losers like yourself here at steemit who "didn't see this coming ." Misery loves company. Over and out!
Red candles do not scare me, I volume up in times like this because I been in crypto for a very long time and this is when I pounce and make more money, this is just a correction and probably the 500th I seen in my career as a crypto user. You are barking up the wrong tree with me, your tactic out of fear of crypto is to scare users off of crypto and that is very evident. Which tells me its you who is scared of what may happen to fiat. See if I was in fear I would be finding you on a fiat platform pulling this game your playing but no I am over here content and doing my thing. You clearly have no clue about trading, fiat or crypto. You are looking at lows as the end of the world when educated traders always know that long term is key and lows are times to volume up. This is a great time for traders so I am definitely not grasping your percentage call outs. I could give a damn about current red candles, just buying more and will cash out like I always do at the top. Might want to try your fiat bullying on someone that isn't as educated as I am on these matters...might actually work for you better. Your talking to a guy that has worked in a crypto coin here for quite a while and has quite a bit of connections with a lot of people in crypto....maybe you figured that out and why you came to my profile but honestly your just showing me your frightened of crypto and reinforcing my drive to keep pushing it out there to grow this economy so guys like you can eat your words later
LOL Trust me. Nobody is listening to me. I'm not frightened of any market. I pretty much post about all of them if you look over my blog list. I'm trying to warn you...yes. Frighten you? I think you will find out soon that it wasn't me who frightened you. Can we just leave it at that? Your tone is turning to anger. The only people I want to anger are people like the poster boy for the bitcoin bubble, Dollar Vigilante. Stay tuned for my special spew made just for him when he becomes the first person in history to generate 2 consecutive 30% drops in an asset trading over $1000 in a matter of weeks...all done via his "champagne n cigar" celebration spews. :-)