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Bitcoin
Jun 17, 2019 12:28:23 GMT -6
Post by Bwoods11 on Jun 17, 2019 12:28:23 GMT -6
I saw bitcoin is going up again, I do not own any and likely never will. However, just interested in opinions on bitcoin--anyone own any, think is a legit investment? Curious
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Post by sd51555 on Jun 17, 2019 13:51:50 GMT -6
I saw bitcoin is going up again, I do not own any and likely never will. However, just interested in opinions on bitcoin--anyone own any, think is a legit investment? Curious I don't know enough about it, so I stay away. If I can't comprehend the value and purpose of something, I shouldn't be speculating in it. Throw in commodities, central banking, farming, social media, and bonds, and you've got a good sample of businesses that make zero sense to me. Interesting side note, there is a trust company that popped up in South Dakota (I think he said South Dakota) that specializes in managing bitcoin assets. For example, if an owner of a shitload of bitcoin dies, and that dude or dudette was the only person that knew the password to access it or liquidate it, that asset would be lost in cyberspace forever.
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Bitcoin
Jun 17, 2019 13:57:23 GMT -6
Post by Bwoods11 on Jun 17, 2019 13:57:23 GMT -6
The password thing is beyond strange? Also, I have heard of bitcoins stolen from others? What actual value do they have? Who created the bitcoin, if there is not initial monetary value, then it sounds like a ponzi? I just don't see or understand it as an investment--steer clear.
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Post by benmnwi on Jun 17, 2019 14:06:22 GMT -6
I thought I read somewhere that cyber currency hacking thefts were a large source of revenue for North Korea. I have no idea how those currencies work, but they seem like something that could be manipulated much more easily than other investing options. I'm out.
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Post by MoBuckChaser on Jun 17, 2019 15:52:07 GMT -6
Never gamble with a pyramid Scam that’s already in progress.
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Post by nhmountains on Jun 17, 2019 17:36:51 GMT -6
Never gamble with a pyramid Scam that’s already in progress. I wonder how many in here sat through an Amway presentation?
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Post by Reagan on Jun 17, 2019 18:12:17 GMT -6
Never gamble with a pyramid Scam that’s already in progress. I wonder how many in here sat through an Amway presentation? I did once. My brother in law thought Amway was the path to riches about 25 years ago. Not for me. And he still isn’t rich.
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Post by benmnwi on Jun 17, 2019 21:35:56 GMT -6
Never gamble with a pyramid Scam that’s already in progress. I wonder how many in here sat through an Amway presentation? When I was in college my parents neighbor let me hunt his 80 acre property. He said he wanted to talk to me about an opportunity and that's when i got the amway pitch. He said he would make so much money he was building a helicopter landing site in his field. My bs meter worked then too and i politely declined and he still let me hunt there even though he said he normally reserved that for work associates. He never did buy a helicopter and he ran pug of money, got divorced and sold the place a few years later.
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Post by MoBuckChaser on Jun 19, 2019 9:51:57 GMT -6
So tell me this. If I want to own bit coin, how do I purchase it? With American dollars?
Why own the Bitcoin then? Makes no fucking sense to me.
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Bitcoin
Jun 19, 2019 10:42:44 GMT -6
Post by jbird on Jun 19, 2019 10:42:44 GMT -6
I do find it funny how we compare bitcoin to real money...yet the value of our money isn't based on shit! Just speculation and faith....it ain't worth the paper it's printed on really. So is bitcoin really any different?
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Bitcoin
Jun 19, 2019 11:33:42 GMT -6
Post by Bwoods11 on Jun 19, 2019 11:33:42 GMT -6
So tell me this. If I want to own bit coin, how do I purchase it? With American dollars? Why own the Bitcoin then? Makes no fucking sense to me. If we ever have a meltdown, my guess is everyone will dump this fake supposed currency. Cash is still king.
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Bitcoin
Jun 19, 2019 12:03:28 GMT -6
Post by sd51555 on Jun 19, 2019 12:03:28 GMT -6
I do find it funny how we compare bitcoin to real money...yet the value of our money isn't based on shit! Just speculation and faith....it ain't worth the paper it's printed on really. So is bitcoin really any different? Money is only worth what it can get you, and that's only the beginning of it. Like right now, money has never been so worthless. Stock market at peaks again, mortgage rates back to below inflation, real estate prices maxed out to the point realtors are searching for homes before they hit the market. Somebody has got to start eating shit, or we'll all get boxed into a position where nobody can make any money. I hate to say it, but I think farming and residential real estate need to bust in a big way. Everyone is maxed to the gills to get into these markets, nobody is winning, and nobody is going under in any major way. Each is drowing in special programs, special rules, credits, and financing gimmicks to keep the bubble going. What happened to a prudent investor/saver scooping up deals at auction cause some dumb asses overextended themselves?
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Bitcoin
Jun 19, 2019 12:18:37 GMT -6
Post by MoBuckChaser on Jun 19, 2019 12:18:37 GMT -6
I do find it funny how we compare bitcoin to real money...yet the value of our money isn't based on shit! Just speculation and faith....it ain't worth the paper it's printed on really. So is bitcoin really any different? Yes it is different. Takes real money to buy Bitcoin, but you can't walk into a bank and buy real money with bitcoin that I know of.
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Bitcoin
Jun 19, 2019 16:31:14 GMT -6
Post by Tooln on Jun 19, 2019 16:31:14 GMT -6
Try going to the store and buying something with Shitcoin, oops Bitcoin.
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