Mike Mann sells BlueTrading.com for Bitcoin

Discussion in 'Domain Industry News' started by BrandingModel.com, Aug 9, 2017.

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  1. rentmynames

    rentmynames Established Member

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    I have just started to invest in crypto currency a few weeks ago. Haven't touch BTC yet, but bought 47 ETH @188 avg ..
     
    Last edited: Aug 10, 2017 at 11:21 AM
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  2. platey

    platey Active Member VIP

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    Bitcoin price is currently 3437.96 usd x 3.54 which is allegedly the amount mm received which means the $12k is currently at the writing of this post $12170 and will go up again to at least £2.7k which means it will increase to above $3337 but it will come down again to about £1.9k and goes up and down just like a ship on a virtual sea so it's weather mm buys and sells buys and sells or sits tight and forgets he owns it as the bitcoin price Increases over the years and if the bitcoin price was to increase and because there will be a fixed amount of bitcoin the price of bitcoin could be the new gold and we'd be still talking about how much mm made from this sale decades from now
     
  3. Alessandro Couteau

    Alessandro Couteau Active Member VIP

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    Where is your demand coming from ;)

    I would argue the biggest market for crypto currency is the black market, drugs, prostitution, illegal arms ...

    This industry is like building a building on water ~ it will sink eventually
     
  4. toughdomains

    toughdomains Business Member Business Account

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    maybe we are....:xf.rolleyes: with over 10k names in for sale on our platform it would be a decent base of names....we just signed up one of the big boys so that should double soon
     
    Last edited: Aug 10, 2017 at 10:37 PM
  5. AGAME

    AGAME Active Member VIP

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    I wont accept BTC either. My luck is that BTC vs USD tanks before I can cash it out. Dont need that additional stress. :)
     
  6. baseballworld

    baseballworld Legendary Domainer VIP ★★★★★★★★★★

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    Heck bodis pays in bitcoin. This is nothing new to domaining at all.
     
  7. toughdomains

    toughdomains Business Member Business Account

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    what if Google said that with lycos? what if facebook said that with myspace...what if tesla said that with aprias and what if ether said that with bitcoin?
     
  8. toughdomains

    toughdomains Business Member Business Account

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    transfer time for bitcoin from one account to another is under 20 minutes with an always open market. transfer fees are pennies....btc would have to tank within minutes of you receiving funds for you to lose out. btc is currently priced higher than gold
     
  9. Jv1999

    Jv1999 The President of the United Names VIP

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    woaj. don't talk shiz about btc if you don't know about it.

    You can transfer your btc to coinbase or another bitcoin exchange and they'll exchange it for USD within 20 - 30 mins. Yes the price may tank, but unless you're unlucky enough to be getting btc during some kind of crypto crisis week, then the price change is not significant enough and chances are you'll be getting a bump up in value instead.
     
  10. toughdomains

    toughdomains Business Member Business Account

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    a buddie of mine was accepting btc from a client as a regular payment when price was around 1k....he was being paid the equivalent of $400 each month in btc for a couple years...along with some other payments here and there he recently looked at his btc wallet to see an est value of over 40k....i feel btc will only increase in value as more people adopt....imaging getting paid at a rate of 3k btc for a domain and having it be worth double that after a year. fiat currencies will never in increase at this rate. crytpo is like buying a piece of the internet in the 1990's....many lost a ton of money back then and many also made out...I personally feel digital assets like crypto and domains are the fastest growing investments where the investor will have the most control. while you can NOT decide how a company like uber or tesla will make or lose money you have full control of when to buy and sell your digital assets. exciting times for all of us
     
    Last edited: Aug 12, 2017 at 3:21 PM
  11. Alessandro Couteau

    Alessandro Couteau Active Member VIP

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    See though ~ Bitcoin is a currency and like all currency you have supply and you have demand ... There's not enough supply to meet demand, that's why Bitcoin has introduced Bitcoin cash, because they know that Bitcoin is becoming slower to transfer between clients ...

    20 min to send a transfer ~ 10 years from now in crypto currency ~ they'll call that dial up procedures ;)

    Theoretically there is 21M BTC possible ~ and were at the point where 18M BTC have already been mined ... Do the math ~ it's about $50B USD ... Not too bad

    Compare the above to the USD market and the derivatives alone in the stock market alone would be worth $1.2Q USD and yea I said Q
    (Quadrillion) ... Your market of BTC cannot compete with a currency that's been born from the dirt, not the air ;)
     
    Last edited: Aug 12, 2017 at 4:23 PM
  12. toughdomains

    toughdomains Business Member Business Account

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    if your going to compare one coin to an entire market not sure its an apple to apple statement. according to coinmarketcap there are over 800 coins worth a total of over 130 billion....at the start of the year that number was around 30 bil....so an increase of 100 billion in about 6 months...certainly could hit a trillion in a couple years...
    regarding running out of supply btc is not the only currency you can buy things with litecoin, ehter, dogecoin and hundreds more...new coins are released each month....its 2017 and while 20 min may not seem fast....your bank still takes days to clear a charge or deposit.even a bank check from one top bank to another is no longer considered cash.....20 min is amazing...litecoin confirms in less than 10 min others even faster...Ill take 8 min over 2 business day for now...
     
  13. Alessandro Couteau

    Alessandro Couteau Active Member VIP

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    Hahahaha ;) new coins aye,

    Answer me this ~ who is Satoshi Nakamoto? Every major billionaire we know today, you know who they are, you've seen there face, even el Chapo / biggest drug dealer in the world ... But this man ^

    Satoshi Nakamoto claims he doesn't know why they claim he invented Bitcoin ;) he didn't

    So who did? And would you really trust someone in a black mask to basically in principle hold your virtual money? On their own servers?

    https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf

    https://www.cryptocoinsnews.com/china-cracks-1-5-billion-virtual-currency-pyramid-scheme/

    https://en.m.wikipedia.org/wiki/OneCoin

    The only difference is BTC is popularized by the Media and its controlled in large part by the hands of multi billion dollar hedge funds and venture firms
     
  14. Alessandro Couteau

    Alessandro Couteau Active Member VIP

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    Going on the above ^ I think virtual currency - is a revolutionary concept but I do not believe man is anywhere close to being capable in controlling their greed and controlling their sense to harness the power of new money - aka virtual currency
     
  15. AGAME

    AGAME Active Member VIP

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    Sorry if you knew my luck you would have written the same thing and feel the same way. So, like I said its not for me.

    I believe I am permitted to believe a certain way without getting drilled.

    Thank you.
     
    Last edited: Aug 12, 2017 at 8:22 PM
  16. drakeholm

    drakeholm Established Member

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    I must be living under a rock. I do not see a concrete way to realize dollar value raising bitcoin holdings. Bitcoin mania has been a fad and a hype for a long time coming. I acknowledge the value of blockchain systems, I just don't see the value being in my world yet.
     
  17. candomain

    candomain Established Member

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    Sold a few names for btc earlier this year. It was awesome. Fast and low fee. Bitcoin has died 100 times and will "die" another 100 times all the while it goes up, up, up. With of course regular pullbacks and profit taking.
    At least there is a finite amount The fiat system is being printed out of thin air.
     
  18. toughdomains

    toughdomains Business Member Business Account

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    I dont think this is the place to discuss the history of a decentralized economy ...however bitcoin is not some new concept created by some random masked man....decentralized $ is a concept dating to the late 1980's with conceptual roots in the 60s
    crypto currencies like hashcash have been around since 1992
    https://en.wikipedia.org/wiki/Hashcash

    bitcoin just combined many of the already in place concepts with the perfect timing of an economic meltdown as an alternative to devalued printed cash. People wanted to create a finite limit to currency that was based on supply and demand and also have a way to protect the privacy of people transacting goods.
    all other coins have their founders clearly listed on their site
    https://en.wikipedia.org/wiki/Vitalik_Buterin
    https://ripple.com/company/leadership/

    a fad? large investment firms like fidelity are supporting btc
    http://www.reuters.com/article/us-fidelity-bitcoin-idUSKBN18J20P
    crypto currencies have been around for more than 25 years so I would say its no longer a fad but now a real alternative to paper backed by faith....

    no one really knows who owns the federal reserve so does that mean you should toss out all your USD?
    https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks
    Satoshi Nakamoto is just as enigmatic as the owners of the fed....
     
    Last edited: Aug 13, 2017 at 12:02 AM
  19. toughdomains

    toughdomains Business Member Business Account

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    you must be referring to the silk road site that was using btc to purchase illegal goods...isnt that an issue with all currencies? I would bet that more people use usd to purchase those services than btc.
    you can also buy real assets with btc
    https://www.bitpremier.com/5-real-estate

    if you dont like btc you can always invest in these currencies
    http://money.cnn.com/2016/11/29/investing/venezuela-worthless-currency/index.html
    or any on this list
    https://www.fleur-de-coin.com/articles/worthless-money

    they were all built on real land
     
  20. toughdomains

    toughdomains Business Member Business Account

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    check out this convergence of smart contracts with a real world solution
    https://slock.it/
    other coins like http://sia.tech/ are providing a cheap way to store large files
     
  21. Alessandro Couteau

    Alessandro Couteau Active Member VIP

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    Correction - owners of the federal reserve is the Rothschilds ...



    And as I said BTC is not a fad ... But It's not stable to be investing in ~

    Satoshi is non existent

    https://www.wired.com/2014/03/bitcoin-exchange/

    Most certainly wouldn't have untraceable currency just because I can avoid paying taxes ;) hahaha,
    Oh yea cut that double spending

    I get the idea of virtual currency ~ and as I said before ~ I respect it ~ but I do not see it as a good investment, do what you will with your money and I'll do what I do with my own

    PS - I believe it's 90% of all USD that has traces of cocaine

    http://www.cnn.com/2009/HEALTH/08/14/cocaine.traces.money/

    Staggering ^
     
    Last edited: Aug 13, 2017 at 1:22 AM
  22. Domaintics

    Domaintics Established Member

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    imagine the guy invests lot money on domain , in Last few sales , not the all collections , that is fine, nothing surprised me :xf.wink:
     
  23. Auspicious-Success

    Auspicious-Success Business Member Business Account

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    I only sell or trade for different Cryptocurrencies. People who cash out BTC for $ don't understand how Cryptocurrency works. The Fiat currency economy will fail like it always have done time after time again, crash after crash, country after country. I'm glad I got into crypto in from the start back in 2009 when the BTC was 0.0001 USD each.
    :cigar:
     
  24. rentmynames

    rentmynames Established Member

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    You must be a millionaire now. Congratulation! but why are you still domaining ?
     
  25. Auspicious-Success

    Auspicious-Success Business Member Business Account

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    Thanks :xf.smile:. Most people don't understand why I'm doing this since I don't really need the money. I just like it, I sell for the kicks and since I only sell or trade for crypto I make other people get into it aswell. I use shapeshift alot to convert BTC to other cryptos. Gotta spread the income. I never put my trust in just one thing.
     

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