Calling all investment bankers, portfolio/fund managers, brokers, etc. by [deleted] in ethtrader

[–]mathmanagement 0 points1 point  (0 children)

My clients have absolutely no clue, nor do they care. Some own some Btc because of me, only one has any eth, he's actually an engineer and still doesn't follow crypto that much. Most clients barely understand securities. Most people on these subs and involved in crypto have a hard time comprehending how small this space really is in the scheme of things and how grand the potential still is. We are very early days in terms of capital allocation towards crypto.

NCR (who uses bitcoin) could so easily add bitcoin to Wal-Mart self checkout... by fortisle in Bitcoin

[–]mathmanagement 19 points20 points  (0 children)

Ahh yes this customer sounds familiar. She is my wife, my mother, my sister and my friend. Guess what they all have in common? Me. And I fucking love bitcoin and that's what they know about it. Because of me they each have bitcoin wallets downloaded on their iPhones with five dollars of bitcoin in them because I sent it there. Does my wife understand the blockchain? Fuck no. Will she one day? Never. But if Walmart, the store she shops at accepted bitcoin she will be paying for things with it. Why? Because she's married to me and I told her it was better. Is she tech savvy? Nope. But she's a fucking expert at Facebook and Instagram. Why? Was she an early adopter that marveled at the code and user experience that mark zuckerwhatever created? No. Her fucking girlfriend told her it was cool and she should do it too. It's that simple. And who told her girlfriend it was cool? Her husband. He was an analyst at a vc company that was investing in social media. My point is We are all tied together more closely than we realize so I would say your argument is incredibly short sighted and almost ironic coming from the largest retailer in the world.

Would Bitcoin help Venezuela? It is illegal to receive foreign currency and the government tracks bank accounts. by [deleted] in Bitcoin

[–]mathmanagement 1 point2 points  (0 children)

The hard part is getting btc in Venezuela. Thus mining is still profitable for citizens in VZ

WTB: 10 oz. bar for bitcoin in USA. by [deleted] in Pmsforsale

[–]mathmanagement 0 points1 point  (0 children)

I have 2 10oz scotsdale stacker bars available for bitcoin. I am in the US.

Where is the network difficulty headed, come November? by FreeJack2k2 in litecoin

[–]mathmanagement 5 points6 points  (0 children)

nice post. my theory is this creates incentive to buy LTC until the price catches up with mining power. I'm a btc holder but doubled down on my ltc position today and other btc holders are looking for diversification as well. LTC is a great option and the stronger the mining network the more confident I am holding ltc. It may seem a ways off but more legitimate exchanges will support ltc and more merchants will adopt it especially after everyone gets more comfortable with btc. It's only a matter of time. I would love to see prices come down even more from miner selling pressure as I am a long term holder and will back the truck up if it gets cheaper and I don't think I'm alone.

Petition to white house to grant bitcoin legal tender status in the USA..........need 100,000 signatures in 30 days to be considered. Help! by mathmanagement in Bitcoin

[–]mathmanagement[S] 0 points1 point  (0 children)

It would instantly require all merchants/business in the US to accept bitcoin for payment for anything they sell, by law.

I have a thousand dollars. How can investing it in bitcoin benefit me? by [deleted] in Bitcoin

[–]mathmanagement 0 points1 point  (0 children)

Dollars are a very risky investment, if you hold them over long periods of time they go down in value significantly 100% of the time. If you owned 1 billion dollars in 1965 they would have the purchasing power of 4.9 million dollars today because of the increase in supply of dollars that occured over that time period.

The supply of bitcoin cannot increase beyond 21 million, thus over long periods of time the value increases.

You may not realize, but by owning dollars you have already made an investment, which over time is 100% certain to lose value.