Bittrex Gets Bank Agreement to Help You Buy Bitcoin With Dollars
https://ift.tt/2LOOeph Submitted May 31, 2018 at 06:46PM by Laeh https://ift.tt/2L8IeXi
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Why crypto wins
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So the other day I was helping a friend learn about bitcoin because he wanted to play online poker. I explained he needed to open a gemini account and link his bank. He was exited. Went through the steps. Then got a notice that the bank account number was wrong. He goes down to the bank and they tell him they don’t put account numbers on outgoing wire transfers. So now he’s out the $100 for 3-5 days while his money sits in banking limbo. Oh and they charged him $30 on top of the $100 so that he has the luxury to have his money frozen for a while. He still can’t get registered with gemini and all he wanted to do was deposit $50 into an online poker site for a little fun. So finally he gives me $100 cash. I give him the bitcoin on his phone standing next to him. Done and done in under 10 seconds. A few minutes later the $100 worth of BTC was worth $102. Frictionless. Easy. Fast. No hassle. No forms to fill out. Etc. Banks and traditional systems are simply archaic by comparison when...
Tx's cost are the lowest in 7 years, yet Tx's count are as high as 2016 ! ~200K Daily
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Classic Shaolin pattern forming! We can only go up from here.
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Fun fact, in 2017 we experienced the largest percentage increase in price during a bubble in bitcoins history, yet volatility was historically low. In 2 years we will have similar volatility levels as Gold, in 4 years we will have similar volatility levels as other major currencies.
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