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7285537 No.7285537 [Reply] [Original]

Remind me again why anyone would buy goods with a volatile commodity?

Ironically Tether would be the best coin to have a visa partnership.

>> No.7285568

i dont even know why litecoin is still around
>sofware fork of btc
>will have the same issues of btc if it gets a lot of transaction volume
>not as close as much hashpower as btc has
>creator sold off all his coins and still keeps fudding this piece of shit

>> No.7285608

Is this a meme? Who the fuck would use crypto as an actual currency?

>> No.7285619

So why buy stocks?

Reality is Who cares if it’s volatile as long as it trends up? If I buy litecoin today for 100 and gain purchasing power do I care if it moves from 300 to 200? I don’t because my purchasing power still went up.

This purchasing power model breaks down if it’s upward trend is broken which it seems like now.

Volatility is not a problem. It’s trend is a problem.

>> No.7285644
File: 97 KB, 716x454, pizza_hunt2.jpg [View same] [iqdb] [saucenao] [google]
7285644

>>7285568
mostly delusion at this point. rode it to $300 myself and dumped it.

>> No.7285783

>>7285619
That's my point. Like stocks, you buy crypto to invest in the hopes that they increases in value.

You wouldn't want to chip away at your stack for everyday purchase with a volatile "currency"

If the price goes up, you got ripped off for a pizza.
If the price goes down, pizza maker gets ripped off.

>> No.7285815
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7285815

>>7285783
the thing is its so unstable because a choosen few hold most of the coins its just speculation for now
if more people used crypto for everyday usage the coins would have been spread amongst more peuple thus would be more stable
example there will only be 21 million btc ever now look at the world population

>> No.7285924

>>7285815
Still doesn't matter, if it's even a tiny bit more volatile than fiat, then why use it over fiat.

It would have to be an infinite supply with zero volatility, almost like tether.

>> No.7285964

>>7285924
fiat is volatile too but nobody notices it because (((they))) controll it

>> No.7285975

>>7285783
Then the same thing with retirement kicks in. Say you spend 5% but litecoin increases 6%. You can retire. But now litecoin and other coins are trashed. No way would I stay in it.

Plus whales are leaving. Vitalik holds a lot of eth and he’s selling his stash. Charlie sold his. Probably winklevoss are unloading

>> No.7286160

>>7285537
>>most stabile coin
>>volatile

>> No.7286207

>>7285975
>Probably winklevoss are unloading
why would they they got so much btc and already so much money PLUS one of the best exchanges on this planet(yourshit is insured)
why would they sell all their btc
>inb4 the 3k they sold recently
they got like 180k btc combined

>> No.7286284

>>7285537
>tether
you mean badJNT?

>> No.7286828

>is growing whole everything is crashing right now

say hello to ypur new overlords

>> No.7286862

best part is consumers aren't even buying shit with litecoin when they use litepay. Their coins are traded into fiat (with a fee), and then the merchant gets paid in fiat and still has to pay the 3% visa (((fee))). the consumer would be better off selling the litecoin themselves on gdax and withdrawing the fiat themselves and buying their stupid walmart shit with fiat