Bitcoin‘s potential of becoming a world currency Publish ...

SCAM WARNING

Hi there! This may seem like an obvious hint to others, but to me I was new and didn’t get it, so I would like to share what happened and how I got SCAMMED for about $600 through bitcoin on cash app.
I missed a lot of red flag warnings, so without judgement, I was new to this and didn’t really understand it.
I got a message on instagram from a guy claiming to send me money through bitcoin on instagram but that I had to pay a small “fee” for it it go through. FIRST WARNING SIGN. You should never have to pay a “fee.”
I didn’t know anything about bitcoin, and should have done more research first because what I didn’t know was that bitcoin currency fluctuates so frequently, your USD money value can go down in seconds. So I got this “email” meaning, the intial “fee” i sent was under the amount and I had to “resend” it. AGAIN WARNING FLAG. Can’t believe how dumb I was, I know.
Second thing, this guy said he worked for or knew people from a legit website called Iconex, and if you don’t know what that company is; it’s an online currency website that does bitcoin.
So i was getting these emails from “iconex” about the payments, and seriously, this guy seemed REALLY REALLY concerned and says that normally doesn’t happen and was reassuring me all day. 🙄 and I fell for it.
Also the previous day, I had just found these people to promote my instagram so I was like, cool this is real! I was really trusting and unfortunately was scammed by someone who clearly knew what they were doing.
Anyways, the payments just got higher but the money promised got higher. WARNING SIGN: scammers always up their money and that’s a key thing they do to get you to pay more for what they are promising. Again, this guy seemed SO CONCERNED like it really felt real because if it was a scam he would have already taken the money and ran, right?
Everytime we communicated and something went wrong he would “call them” and figure it out and I would get an email, which I realized was probably a really obvious fake email address from “iconex” and I very naïvely like went along with it and trusted this person??????? Truly embarrassing.
Eventually when this guy requested $300 more dollars I was veryy skeptical and had been crying because I got suspicious and scared. I ended up looking up his email and bitcoin code and found out he was a reported scammer on a bitcoin website, and that 2 other people had reported him in the last WEEK.
This was in a span of 24 hours, like I said, I just want to warn people to be more careful than I was. And that you NEVER PAY PEOPLE just blindly for what they are promising, trust your intuition, and learn from my mistake. Lol.
Not sure if anyone will find this useful or just make fun of me, I was in shock and basically laugh about how ignorant I was about bitcoin and how you literally can never ever get your money back once you willingly send money through your own account on cashapp, especially when you personally BUY the bitcoin. Lol my bad. ;(
I hope you all have a great day and DON’T GET SCAMMED.
submitted by Capricious-shy to CashApp [link] [comments]

I just lost $50 of my $300 in bitcoin. How is it supposed to be a currency? No one who is average joe will be happy with these fluctuations. I offer a proposal to the US government.

President Trump needs to realize that China already has a digital yuan. China has been on point in advancing their country with AI, blockchain, and digital currencies. Imagine China becomes number one because they chose to invest in these technologies. Then the US muscle heads want war. We just told yall to invest in these technologies, and have been doing so for years now. Look at Vitalik Buterin he is in Canada, a US pal. So, imagine US makes deal with all of North America for a stable digital currency or currencies. Then, we don't have a choice here. I wish there was a better way. We need to FORCE people who are going to use check money to invest within the crypto jungle to sign a paper that says you are responsible for any loses due to bad trading. Only thing that is a must is insurance from exchanges if hacks occur. The penalty for faulty exchanges and those that don't pay if hacked should be severe as well. I an sure president Trump is not happy twitter is starting to censor. Looks like we need to go the decentralization route. I do hope to gain back my 50 bucks. Maybe bitcone pumps to $10,000 then back down to $9000 lol
submitted by mojindu464 to CryptoCurrency [link] [comments]

It’s either you’re Hodling, buying the deep or investing to profit from the fluctuations of the price of bitcoin and other crypto currencies. Thou shall not sell thy coins and regret later.

It’s either you’re Hodling, buying the deep or investing to profit from the fluctuations of the price of bitcoin and other crypto currencies. Thou shall not sell thy coins and regret later. submitted by lisamartinez_ to Bitcoin [link] [comments]

05-11 17:04 - 'Pay for seedy services or hope some fool accepts it as payment for legit stuff. But why would you use it to pay for legit stuff? / No % back, "currency" is constantly fluctuating, no bitcoin chargeback, etc. / Useless. A...' by /u/Organic_Carob removed from /r/Bitcoin within 98-108min

'''
Pay for seedy services or hope some fool accepts it as payment for legit stuff. But why would you use it to pay for legit stuff?
No % back, "currency" is constantly fluctuating, no bitcoin chargeback, etc.
Useless. As an investment Bitcoin is shit, technically with the money printer engaged and market manipulation BTC can reach its high again. Technically. So there's that.
'''
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Author: Organic_Carob
submitted by removalbot to removalbot [link] [comments]

How can bitcoin ever be a useful currency with such massive price fluctuations.

Ok, so BTC is now back at the price I bought in. Very tempted to to take my cash and run. However, doing some reading around and have come across all sorts of claims about what crazy value it will reach in x number of years once widespread adoption takes place. My question is - how can widespread adoption take place i.e. use for everyday payments when you have no idea what it will be worth from one day to the next? I understand why people speculate obviously as there is a potential to make huge returns however for day to day purchases, why would you hold your “spending money” in BTC when you have no idea what it is going to be worth from one day to the next? Your everyday spending could end up 10%, 20%, 30% more or less expensive depending on BTC valuation at that present time. This to me seems totally impractical as an everyday method of payment. I suppose you can make the argument that it will stabilise over time but then all of the speculators will lose interest and it will tank.
What am I missing?
submitted by WolfRock83 to Bitcoin [link] [comments]

It’s either you’re Hodling, buying the deep or investing to profit from the fluctuations of the price of bitcoin and other crypto currencies. Thou shall not sell thy coins and regret later.

It’s either you’re Hodling, buying the deep or investing to profit from the fluctuations of the price of bitcoin and other crypto currencies. Thou shall not sell thy coins and regret later. submitted by vegasbooty to Cryptoandme [link] [comments]

Auto Post from Bitcoin: It’s either you’re Hodling, buying the deep or investing to profit from the fluctuations of the price of bitcoin and other crypto currencies. Thou shall not sell thy coins and regret later.

Auto Post from Bitcoin: It’s either you’re Hodling, buying the deep or investing to profit from the fluctuations of the price of bitcoin and other crypto currencies. Thou shall not sell thy coins and regret later. submitted by bunnywinkles to Crypto_Warriors [link] [comments]

New trader's question: How exactly does Bitcoin fluctuations affect other coins pegged to other currencies? (i.e. smaller coins pegged to ETH or other coins)

Hello! Im trying to figure out how major coins interact between each other and affect the smaller ones, for example when BTC falls it drags down other coins pegged to BTC. What happens though to coins pegged to Ethereum or USDT? Normally they should be unaffected but in effect, they follow the course of Bitcoin(?). Why does that happen? If one could explain the mechanism of action and not a brief 2 line explanation, i would be grateful. Also this is the best way i could explain my question since it seems so confusing right now that i don't even have a straight question figured out... Anyway, thanks!
submitted by ShillBro to CryptoMarkets [link] [comments]

@nytimesbusiness: Facebook’s new cryptocurrency, called Libra, will be directly backed by government currencies like the dollar or euro. So unlike Bitcoin, it will not fluctuate in value any more than real-world money. https://t.co/7rQmUxM3of https://t.co/5BoUbloFnT

submitted by -en- to newsbotbot [link] [comments]

How can bitcoin be a stable currency if the value fluctuates so much ?

This might be a dumb question but hopefully someone can help me understand better...
How can bitcoin establish itself as a stable currency if the prices go up and down in such big swings. I mean, if you are selling a certain good/service for X bitcoins, you would have to adjust the price every time the value changes. I understand bitcoin can be used as a store of wealth, the same way gold/stocks work. But gold and stocks cannot really be used as currencies... how can bitcoin be BOTH at the same time?
The way I see it, it can either be an investment vehicle where you hope the value will eventually go up, or it's a currency which can hold value steadily and you can make everyday purchases with enough confidence that the bitcoin will hold a consistent value.
Fiat currency deals with inflation, but this is a gradual change and prices can adjust accordingly without much disruption in the markets.
Hopefully someone can enlighten me. Appreciate the input in advance.
submitted by speedstickman to BitcoinBeginners [link] [comments]

Bitcoin is not a currency, it's a virtual volatility--that's it. The litmus test is whether anyone pays you in bitcoin--they don't, because they are unwilling and unable to determine the value of your work because it wildly fluctuates

Subject says most
If you were doing work for someone 2 yrs ago and they were paying you in bitcoin--say they paid you 1 BTC an hour
Are they going to be paying you 1BTC an hour now? That's worth thousands of dollars, so the answer is no.
They'd pay you 1BTC when it was worth 15 dollars a BTC, but when it was 17,000 dollars exchange value, they'd be paying you less, in fractions of fractions of a BTC. Hows that' for your esteem? To be paid less over time? Don't underestimate the psychological impact of being wrong.
So either you're actually being paid in dollars converted to btc that changes day by day, or your employer is the NSA with unlimited bitcoin, or you're lying
Because no one is going to pay you 17,000 dollars for a 15/hr job
Ok?
Bitcoin isn't a currency
It's a speculative exchange rate and nothing more
submitted by 911bodysnatchers322 to C_S_T [link] [comments]

How can Bitcoin be used as a currency when it's constantly fluctuating in value?

submitted by grmy311 to AskReddit [link] [comments]

How can bitcoin be a stable currency if the value fluctuates so much ?

This might be a dumb question but hopefully someone can help me understand better...
How can bitcoin establish itself as a stable currency if the prices go up and down in such big swings. I mean, if you are selling a certain good/service for X bitcoins, you would have to adjust the price every time the value changes. I understand bitcoin can be used as a store of wealth, the same way gold/stocks work. But gold and stocks cannot really be used as currencies... how can bitcoin be BOTH at the same time? The way I see it, it can either be an investment vehicle where you hope the value will eventually go up, or it's a currency which can hold value steadily and you can make everyday purchases with enough confidence that the bitcoin will hold a consistent value. Fiat currency deals with inflation, but this is a gradual change and prices can adjust accordingly without much disruption in the markets.
Hopefully someone can enlighten me. Appreciate the input in advance.
submitted by speedstickman to Bitcoin [link] [comments]

Bitcoins price fluctuation remind me of product than an actual usable currency. /r/Bitcoin

Bitcoins price fluctuation remind me of product than an actual usable currency. /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

11-26 07:34 - 'Currently bitcoin is not a good currency do to rapid fluctuations in its value. However, this is a brand new technology that is following the S curve in terms of adoption and thus you’re seeing a huge rise in price. The...' by /u/voluntaryistmitch removed from /r/Bitcoin within 0-7min

'''
Currently bitcoin is not a good currency do to rapid fluctuations in its value. However, this is a brand new technology that is following the S curve in terms of adoption and thus you’re seeing a huge rise in price. The market is still quite small and as a result is not stable yet. Once the market is sizable enough, it will stabilize and could be used as currency. This is a good place to start - [link]1
'''
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Author: voluntaryistmitch
1: https://youtu.be/l1si5ZWLgy0
submitted by removalbot to removalbot [link] [comments]

CASHBERY: Cryptocurrency exchange is a service to buy and sell Cashbery Coins for Bitcoins(BTC) and fiat currency. The exchange rate fluctuates in real-time based on the demand and supply of other users.

CASHBERY: Cryptocurrency exchange is a service to buy and sell Cashbery Coins for Bitcoins(BTC) and fiat currency. The exchange rate fluctuates in real-time based on the demand and supply of other users. submitted by 9jja to altcoin_news [link] [comments]

Anyone wondered about how vendors price goods in BTC if the currency is so volatile? Right now then /$ is fairly stable and the price of a good is generally stable. With the momentary fluctuation of BTC it seems to me to be a huge barrier to adoption. /r/Bitcoin

Anyone wondered about how vendors price goods in BTC if the currency is so volatile? Right now then /$ is fairly stable and the price of a good is generally stable. With the momentary fluctuation of BTC it seems to me to be a huge barrier to adoption. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Why adopt a currency that is constantly fluctuating in value? /r/Bitcoin

Why adopt a currency that is constantly fluctuating in value? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Dangote Africa's richest business man, says thats his hugest issue is currency fluctuation /r/Bitcoin

Dangote Africa's richest business man, says thats his hugest issue is currency fluctuation /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How could BitCoin be used as a currency when its value is constantly fluctuating?

Being paid, for example, 0.1BTC/hr would suck if the value drops considerably. It'd be awesome when the value went up. Although, not for the employer.
A coffee might be 0.1BTC at 10am, but 0.2BTC by 2pm if the value dropped.
submitted by ronnietucker to Bitcoin [link] [comments]

[WP] After the last financial crisis Bitcoin has become a global currency. Despite this the price of bitcoin continue to fluctuate dramatically. On some days people are incredibly rich and live opulently, on other days they are poor and can barely afford to eat.

submitted by realethanbradberry to WritingPrompts [link] [comments]

Bitcoin is not a currency, it's a virtual volatility--that's it. The litmus test is whether anyone pays you in bitcoin--they don't, because they are unwilling and unable to determine the value of your work because it wildly fluctuates

Subject says most
If you were doing work for someone 2 yrs ago and they were paying you in bitcoin--say they paid you 1 BTC an hour
Are they going to be paying you 1BTC an hour now? That's worth thousands of dollars, so the answer is no.
They'd pay you 1BTC when it was worth 15 dollars a BTC, but when it was 17,000 dollars exchange value, they'd be paying you less, in fractions of fractions of a BTC. Hows that' for your esteem? To be paid less over time?
So either you're actually being paid in dollars converted to btc that changes day by day, or your employer is the NSA with unlimited bitcoin, or you're lying
Because no one is going to pay you 17,000 dollars for a 15/hr job
Ok?
Bitcoin isn't a currency
It's a speculative exchange rate and nothing more
submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]

BTC rollercoaster: Bitcoin hits low after wild up & down fluctuation over December Bitcoin Package Presentation for USI-Tech  Bitcoin Crypto-currency  20 Minute Overview Bitcoin Foundation General Counsel - Price Fluctuations & Public Acceptance Why Does Cryptocurrency Price Fluctuate So Much? - YouTube Basket Currency Could Be the Answer to Hyperinflation ...

PDF On Jan 1, 2018, Marius Kinderis and others published Bitcoin Currency Fluctuation Find, read and cite all the research you need on ResearchGate Bitcoin (BTC) fluctuations Bitcoin continues to fluctuate around $9,500 , a movement that has been going on for a week and that does not change the technical scenario exposed in the last few days. It is necessary to give a signal of rise with a break of $9,650-9,700 to expect a return of volumes accompanied by an increase. At the start of 2017 a single bitcoin traded at $1,000. A year later it was at almost $20,000. And by mid-2018 it was back down to around $5,000. A year later it was at almost $20,000. And by mid ... Bitcoin's volatile history in pictures Bitcoin is used as a currency for the first time. On 22 May, 2010, the first ever real-world bitcoin transaction took place. Lazlo Hanyecz bought two pizzas ... Early in the life of Bitcoin, the currency showed some major fluctuations in exchange value, ranging from under $50 to $266 US. The exchange rate of Bitcoin has shown relatively stable growth since the beginning of 2013. According to Currency.Wiki , as of February 01, 2014, the current exchange rate for bitcoins is at $959.58 US. The all time high for the value of a single bitcoin was on ...

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BTC rollercoaster: Bitcoin hits low after wild up & down fluctuation over December

BITCOIN The Digital CURRENCY: What is It ? Can This Be The New GOLD Standard It's even gotten the attention of economic heavyweight Paul Krugman, who has sai... Bitcoin - How does it impacts the economy? - Duration: 3:35. ... “How do currency fluctuations affect investments?” - Duration: 3:28. Moisand Fitzgerald Tamayo, LLC 685 views. 3:28 . 6 ... Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central ... There have been sharp rises in the value of cryptocurrencies, this year. But their falls have also been spectacular. The price of Bitcoin has dropped to below the 13,000-dollar threshold, after ... The price fluctuation of a cryptocurrency is an immutable characteristic that we need to be aware of. Here you will see the main reasons why price fluctuation happens.

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