Live in a very small TX town, do our grocery shopping in the close 'big town'(approx 40K pop). Noticed a new ATM inside the grocery store for Bitcoin. Is that something you make an impulse buy?
Spics are using bitcoin as a way to transfer money without having to pay remittance or deal with currency exchanges. Bitcoin ATMs pop up anywhere there are spics. Your "based small town texas rancher" likely has a few dozen spics on his property.
[ - ] clymer 1 point 4 monthsDec 31, 2023 14:56:35 ago (+1/-0)
"The silicon valley creeps bring them".. Who are you referring to? Coinstar machines allow you to cash out in BTC I believe. I think they get high transaction fees though. This may have been what you saw.
The exchange fees are double or more what you can get online. Not worth the extra convenience.
I'm not a Bitcoin guy, but I did look into it a while back. I'll stick to physical assets, as Bitcoin seems too risky. Al the Internet is controlled, and if they pull the plug, poof goes your money. Just my opinion.
I don't think anybody should be storing value in crypto. Or USD for that matter. The interest rate sucks.
It's supposed be for exchange. So for most people most of the time, you put money from your bank into crypto and more or less immediately trade it away. The ATM gives you another way to trade your cash for crypto.
Yes, if you want to save, then save gold or buy property. IMO crypto should not be used as an investment, though I know people who do it anyways. With the more advanced coins like Ethereum, there's a bunch you can do, but BTC in particular doesn't generate any value. So it's not an investment. You can trade it, just like you'd trade fiat with a Forex account.
[ + ] HeyJames
[ - ] HeyJames 2 points 4 monthsDec 31, 2023 16:22:09 ago (+2/-0)
[ + ]deleted
[ - ] deleted 2 points 4 monthsDec 31, 2023 14:49:18 ago (+2/-0)
[ + ] clymer
[ - ] clymer 1 point 4 monthsDec 31, 2023 14:56:35 ago (+1/-0)
[ + ] deleted
[ - ] deleted 2 points 4 monthsDec 31, 2023 15:15:33 ago (+2/-0)*
[ + ] Master_Foo
[ - ] Master_Foo 1 point 4 monthsDec 31, 2023 19:18:24 ago (+1/-0)
[ + ] deleted
[ - ] deleted 0 points 4 monthsDec 31, 2023 22:10:49 ago (+0/-0)
[ + ] xmasskull
[ - ] xmasskull 0 points 4 monthsDec 31, 2023 15:37:43 ago (+0/-0)
[ + ] bonghits4jeebus
[ - ] bonghits4jeebus 1 point 4 monthsDec 31, 2023 15:23:15 ago (+1/-0)
Your other choices are mining or using a local cash broker, which if they are trustworthy is probably the most anonymous
[ + ] SecretHitler
[ - ] SecretHitler 0 points 4 monthsDec 31, 2023 19:43:07 ago (+0/-0)
[ + ] AugustineOfHippo2
[ - ] AugustineOfHippo2 0 points 4 monthsDec 31, 2023 16:50:57 ago (+0/-0)
I'm not a Bitcoin guy, but I did look into it a while back. I'll stick to physical assets, as Bitcoin seems too risky. Al the Internet is controlled, and if they pull the plug, poof goes your money. Just my opinion.
[ + ] bonghits4jeebus
[ - ] bonghits4jeebus 1 point 4 monthsDec 31, 2023 20:17:08 ago (+1/-0)
It's supposed be for exchange. So for most people most of the time, you put money from your bank into crypto and more or less immediately trade it away. The ATM gives you another way to trade your cash for crypto.
Yes, if you want to save, then save gold or buy property. IMO crypto should not be used as an investment, though I know people who do it anyways. With the more advanced coins like Ethereum, there's a bunch you can do, but BTC in particular doesn't generate any value. So it's not an investment. You can trade it, just like you'd trade fiat with a Forex account.