But instead it turned into a game of "hodl" to get rich.
Scams were openly perpetrated in the forums.
I became completely disillusioned. What exactly does bitcoin offer the world today?
I am trying to buy a property, and I've been moving money around to prepare for a down payment. It's July 4th weekend. I initiated some moves in the afternoon of July 3. But an ACH transaction in the U.S. takes "1-3 business days." First of all, why "1-3" and not "1" or "3" or "2"? Secondly, why business days? I get paged at night and on the weekend if something breaks at work, but the banking laws or customs say that computers only move my money 9-5 during holidays? Computers are taking non-human-holidays?
I don't get it. If bitcoin won't disrupt this, something else should.
I have been trading it weekly/monthly really simply, and it's a few K a month of profit. So I think it's useless at the moment other than as a scheme to gamble. I think there's a bit of a trust issue.
What sort of tactics or strategy do you use to trade it for a consistent profit? I assume you're referring to bitcoin here.
Also, the banking hours thing is absurd, and way too common not only with banks but also some online payments processors, like, for example, the utter dumpster fire, parasitic garbage company that is Paypal. Dealing with that one alone (and with banks in certain contexts) alone makes one fully sympathize with so much of what crypto is supposed to (and to a pretty decent degree does) offer.