submitted by /u/Bitcoin_Magazine [link] [comments] |
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Wednesday, 19 May 2021
Coingate ate around $40 of my brother's BCH and didn't detect payment
So my brother tried to buy a $20 eBay gift card off Coingate a while ago. He paid 0.01630151 BCH for invoice 8364403. Tx hash: 8a0d31c5cc53b5c3db54c66bbc19b534513c0b684a58394115cb7a3a4f060c9f
...but the payment wasn't detected, so he tried again on Monday, which was probably stupid of him. But another 0.01817884 BCH was sent for invoice 8379715. Tx hash: 836c17ddecca464d2353b3167effd943f877776844fc76a59440a73ad820ee85
The issue is that both invoices expired unpaid, even though the transactions were confirmed before the time limit expired. I emailed support and sent a PM to their Reddit account, but didn't receive a response for either.
So I guess the lesson here is to not use Coingate!
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source https://www.reddit.com/r/btc/comments/nfocd5/coingate_ate_around_40_of_my_brothers_bch_and/
I know it is hard. Mentally you need to stop directly correlating BTC with USD or the currency of your preference.
Listen I get it.
You have bought everything in the FIAT of your choice.....for the remainder of this I’m just going to call it the dollar.(I know that is not what everyone uses)
Bitcoin is simply the means of exchanging your dollar for a digital store of value asset.
Period.
Once you exchange that dollar you should think it burned and reborn as a superior asset.
The ONLY thing that changes in market fluctuations is the buying power of that dollar.
When Bitcoin and other cryptocurrency are on top of Everest then...yes....sorely you get less bang for you buck but it feels good cause it’s actively growing.
When it’s dipped though you get more firepower. If your not interested in this asset during a dip then....sorry.....you need a little more exposure.
Dip or peak you are still getting the single fastest growing asset that human kind has ever seen during our digital era.
This is not a traditional investment that pays dividends or has a near guaranteed yield like say an SP500 fund.
I’m going to say something corny.
This is the future.
If you have found yourself on this crypto path with some archaic traditional investment mind set...well your a bit behind the eight ball.
Remember when you were riding the 60,000$’s high and you said “I hope it dips! I’m going to buy even more!”
This. Is. A. Dip.
Might not even be “The Dip”.
I’m going to go now.
HODL.
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Tuesday, 18 May 2021
This dip is PROOF that "I wish I would've bought Bitcoin at X price" is nonsense and NO you would NOT be rich, you'd be Poorer!
How many times have you heard it?
I wish I had bought Bitcoin when it was $1, $100, $1000, etc!
I would be RICH today! If I had bought in 2019, I'd have a MILLION DOLLARS TODAY!!!
NO....you'd be POORER today and this Dip is the proof! Look at all the FUD, in this sub, in the r/CryptoCurrency sub it's no different, nothing but FUD and despair....Bitcoin is FINISHED! Musk Killed it!
Imagine believing ONE man can literally bring down Bitcoin, imagine believing for the 1,078th time that THIS is the true DEATH of Bitcoin!
I'm still new to Bitcoin....I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!
I thought EVERYONE knew this....especially in the goddamn Bitcoin sub where so many people love to brag how they've been in Bitcoin for a "long time" and yet the past few days, it's NOTHING but FUD....absolutely PATHETIC!
I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!
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