Yes, but in late 2017 is was ~20,000 and a few months later it had dropped to ~3,500 and didn't recover until it started spiking again a few weeks ago. It's fine if you want to speculate, but be aware that it is highly speculative.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Bitcoin Payment Provider BitPay Adds Apple Pay Support
- Thread starter MacRumors
- Start date
- Sort by reaction score
Why does this smell like a humble brag?
Extraordinary claims require extraordinary evidence. It's extremely unlikely that you held this long unless you forgot about it. And, if you were a true believer, surely you would have bought way more than $10 in 2009.
Pretty sure you made this up.
Yes please, I will assure you to keep your money save till BT crashes (whenever that maybe) and pay you back 1Ct on the $.
Note, they plan to use the underlying tech, NOT the BT itself.
My theory is Bitcoin has, among other things, served as a price
discovery mechanism proxy for hard money ie. Gold given its price is forced artificially low.
You're not required to believe me. That's your choice. But asking for financial proof is about as invasive as one can get. I knew it would keep growing, and it has. It was only a $10 investment after all. You're obviously not aware that a bitcoin was only pennies back then.
I guess you're used to being lied to. You might want to find new friends.
Well if you cared about your privacy, why on earth would you scream from the rooftops how much you have on paper? If I were a private man, I'd keep that to myself.
Also, proving your point is very easy. Simply show a BTC address, followed by a signing key (which you can obfuscate but show just enough to prove you own the wallet). Even better, if you don't want to show any sigining key, simply transfer a trivial amount of BTC from one wallet to another, then show the transaction log. Otherwise, you are simply just making something up on the internet to sound bad ass.
The burden of proof is on the claimant. There are too many people on the internet that say things that aren't true as-is. Also, no need to say things like "I guess you're used to being lied to. You might want to find new friends." when someone is simply trying to fact check. I have plenty of good friends, thank you very much.
Last edited:
It's not Bitcoin that goes up in price, it's the dollar that loses value due to increasing rounds of money printing.
If you're implying that inflation is that drastic, you'd be incorrect. Inflation over the past year is just over 1 percent, which is keeping mostly in line with proper inflation.
Uh, no. That would mean the dollar has lost 75% of its value in the last few months.
Yes (the tax rate is even higher if you acquired the Bitcoins less than a year before converting them to fiat).
Frankly, I find the idea of a Bitcoin debit card to be very strange for this very reason. Having to calculate cost basis every time you transact would quickly turn into an accounting nightmare.
You're correct.
Yet since Bitcoin's blockchain is well established, tried and tested, and has so many transactions per day, hour, minute and thusly still secure ... its much faster to run tests and implement that existing infrastructure with added security than to start from scratch. Maybe even use Etherium's blockchain since it has been developed and implemented for transactions between business like BP and others in the oil and transport global industry.
Again I'm not stating banks use Bitcoin as a currency ... just the underlying infrastructure that enables the transactions.
The USA's stagnation of considering blockchain has nothing to do with the pandemic ... it's because the entire globes monetary policy and trading is based off the USA. An abrupt change means USA has no control or 1-up on the globe. That's the currency aspect. regarding blockchain ... who knows it could never happen until other countries and their alleys have begun to implement and the USA monetary system is forced to acknowledge and change to it. I'm sure they've considered or in testing but you're right it's not happening.
The Bitcoin blockchain actually has serious scalability issues (which was a big reason why they tried to fork off BCH). That's one reason why the Bitcoin transaction costs are so expensive at times of high transaction volumes like now.
Another big problem is the huge energy consumption caused by miners. Bitcoin consumes about as much energy as Switzerland!
You're quoting me stating EXACTLY that ... I don't get the reason why you stated what I was stating - we're 'here' (that is in agreement)
Many transactions is a bit of a stretch. Compared to more established systems, like the ones used by VISA and MasterCard, which can do multiple orders of magnitude more in tx performance at lower energy cost, it almost seems like this stuff is a solution in search of a problem.
Also for ETH's blockchain, ever hear of CryptoKitties? That clogged the works up horribly. I'd argue it's not ready for prime time.
I could see Apple doing a number of transactions to implement Blockchain as part of Apple Cash ... that would be very interesting if done. Hmmm.
The comment was more about the US always lagging behind everyone else in banking than any geopolitical or economic considerations (though I'm sure the latter did/does play into it too). Though, if blockchain ever became a thing, I'm not sure it'd be any of the ones that are currently out there.
I don't use BitPay, but I have a crypto.com reward debit card and it's pretty awesome for a debit card. I'm happy for BitPay users getting Apple Pay support. Apple Pay is my preferred method of payment when spending fiat currency.
I'd just like to point out that everyone that ever bought and held Bitcoin is in profit. Some of those people would like to keep holding, others might like to spend some. It's nice to have options.
I truly do hope that Apple gets involved and integrates secure BTC / ETH / etc. support into their wallet app.
Crypto currency is the future. It's never going away. The critics here just don't understand the potential... and that's fine. They'll eventually end up using it whether they like it or not and maybe without even knowing it.
Those of us that know what's up are enjoying the ride. And those of you that don't will continue to call for its death... and we know how well that'll work out for them in the end.
I'd just like to point out that everyone that ever bought and held Bitcoin is in profit. Some of those people would like to keep holding, others might like to spend some. It's nice to have options.
I truly do hope that Apple gets involved and integrates secure BTC / ETH / etc. support into their wallet app.
Crypto currency is the future. It's never going away. The critics here just don't understand the potential... and that's fine. They'll eventually end up using it whether they like it or not and maybe without even knowing it.
Those of us that know what's up are enjoying the ride. And those of you that don't will continue to call for its death... and we know how well that'll work out for them in the end.