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spinax | 4 years ago

Bitcoin valuation "crashed" -$4k USD (I think that's about 8-10%?) just two days ago on the 7th (and within the span of 4 hours, check the charts); if you had created your transfer that morning and they received it the next day to "cash out" to USD, you would have lost a lot of the valuation of your transfer.

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djbebs|4 years ago

Why do you think it takes more than 20 minutes to transfer bitcoin?

vlovich123|4 years ago

I would think op is talking about both the latency of any eventual transfer to fiat (and maybe some delay in doing so because humans are lazy).

el-salvador|4 years ago

I think they are using the Lightning network. It takes a few seconds for the transaction to clean off chain.

reportgunner|4 years ago

yeah and it "pumped" +$3k USD 2 days before that. If you have created your transfer before it and they "cashed out" after it they would have gained valuation of the transfer.

robot_no_419|4 years ago

You completely ignored the the part where OP said they often made money in REAL LIFE and injected your own hypothetical of how they could lose money if they chose to buy, send, and sell their assets at a very specific worst case scenario point in time...

jeromegv|4 years ago

Has nothing to do with "real life". They could either win money, or lose money, that's how volatile bitcoin is. The fact they got lucky and transferred in moments where they made money, doesn't make it a better "real life" scenario. Just makes it a lucky scenario, anecdata that might have been the complete opposite.