I just can't wrap my head around how this works. Where and how can it be spent? And 1 bit coin is "as low as" $9,000? Can I get paid in bitcoins? So, what, 4-5 bitcoins a year?
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I think you can get paid in bitcoin by UBER. There are some places online where you can spend it, Steam for example. Bitcoin is divisible by 8 decimal points. For instance, 0.01000000 bitcoin is about $100.
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Seems cumbersome to deal with these tiny decimals, but makes more sense to me now. I'll stick with dollars.
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A 0.00000001 fraction of a bitcoin is called a Satoshi or sat. Think like what a cent is to a dollar. 1000 "sats" is about 10 cents. I would entertain holding some. For instance, in March, 1 bitcoin was only $1000.
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But it’s $10,500 right now. Why post old news?
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No different on a % basis of a stock going from $11.35 to $9
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I wonder if this is how it felt during the last two years before 1929?
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F bitcoin f paper money its tp n let's go back to good old gold coins so when the world goes to sh$% I got something that's useful instead of stuff to wipe my ass with or a piece of paper I can throw darts at
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what use does gold have lmfao. it's literally a rock
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Lol yes however it looks pretty
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and to other people, bitcoins "look pretty" see how that works? people give things value
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except bitcoin actually has a real world use case
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N gold n precious metals don't
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correct
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Not having something tangable to put in my pocket, B.S.!! We are all screwed when the banks hold all our credits, money or "Bitcoins" in a cyber transaction world. It's the final straw to complete government control over all hard working dreamers of the world.
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It is tangible you can get cash at any bit coin machine there is one right by my house
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Bitcoin is very good ralue, if it's price down I will buy it
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@Cointelegraph I bet you it never sees $11k again. Bitcoin hit an all-time high of $11,395 on Nov. 29 before losing over one-fifth of its value, dropping as low as $9,000 at one point on Nov. 30.Thanks. Twitter will use this to make your timeline better. UndoUndo
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So you are saying gold is worthless? Not in my lifetime and hopefully not in yours.
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