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  1. #501
    roc_ roc_ is offline
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  2. #502
    ergo2 ergo2 is offline

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    Quote Originally Posted by Gaston View Post
    It may well be Analyser, but just like gold, how much one is exposed, or an individuals exposure to said bubble largely depends on the point where one bought in.

    Everyone has & is entitled to their own opinions, but I can say with absolute certainty that both gold & the block chain have been very profitable for me. Then again, like I alluded I was an early adopter of both.
    Whatever about Bitcoin etc, gold has been around for thousands of years. If you have a few ounces of gold, you can get cash for it anywhere

    Bitcoin and these other coins seem very iffy. In particular it is a major job to open a "wallet", to preserve it from hacking, and to be able to access it

    Also one suspects all these "fork" "ICOs", Seems to be the wild west of speculation ]
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  3. #503
    EUrJokingMeRight EUrJokingMeRight is offline
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    Quote Originally Posted by ergo2 View Post
    Whatever about Bitcoin etc, gold has been around for thousands of years. If you have a few ounces of gold, you can get cash for it anywhere

    Bitcoin and these other coins seem very iffy. In particular it is a major job to open a "wallet", to preserve it from hacking, and to be able to access it

    Also one suspects all these "fork" "ICOs", Seems to be the wild west of speculation ]
    You can trade bitcoin for cash in ANY currency, ANYwhere in the world at ANYtime if you have connectivity to the blockchain/internet.

    I've always liked gold, I always will....even if is ultimately worth zero Euro but it is FAR easier to convert Bitcoin to currency than gold to currency. I literally just converted some bitcoin into thousands of euro just ten minutes ago. It took me literally the length it took me to log into my account plus 10 seconds to type in the amounts.

    If I dig out some physical bullion I'll be very hard pushed to find anyone to give me currency for it unless I can find a jeweller/drug dealer/politician to take it off me in their place of business/ office/a car park somewhere. Plus I'll usually have to wait for the xray/ultrasound/SG tests to come back as ok so thats not exactly expedient.
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  4. #504
    LISTOWEL MAN LISTOWEL MAN is offline
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    what is bitcoin ?

    no fancy words now please.. just give me layman terms
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  5. #505
    clearmurk clearmurk is offline
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    Quote Originally Posted by EUrJokingMeRight View Post
    You can trade bitcoin for cash in ANY currency, ANYwhere in the world at ANYtime if you have connectivity to the blockchain/internet.
    You are certainly in the "pumping" category.

    How many "ordinary" people have the technical expertise to set up a secure exchange account, and trade without loss?

    What happens if the bitcoins you purchase have been stolen at some time, say from Mt Gox?
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  6. #506
    EUrJokingMeRight EUrJokingMeRight is offline
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    Quote Originally Posted by clearmurk View Post
    You are certainly in the "pumping" category.

    How many "ordinary" people have the technical expertise to set up a secure exchange account, and trade without loss?

    What happens if the bitcoins you purchase have been stolen at some time, say from Mt Gox?
    I'm just an ordinary person who got off my ass to investigate this tech that people were talking about. Any questions you may have are answered. Ordinary people can use google. Really there is no excuse.

    BTC currently trading at USD $4,565
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  7. #507
    Watcher2 Watcher2 is offline

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    Quote Originally Posted by LISTOWEL MAN View Post
    what is bitcoin ?

    no fancy words now please.. just give me layman terms
    An electronic only "currency" recognized only by some.
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  8. #508
    EUrJokingMeRight EUrJokingMeRight is offline
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    Quote Originally Posted by LISTOWEL MAN View Post
    what is bitcoin ?

    no fancy words now please.. just give me layman terms
    Go to Google

    Type in 'bitcoin in laymans terms'.

    Hit Enter.

    Read.
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  9. #509
    Trainwreck Trainwreck is online now

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    Quote Originally Posted by roc_ View Post
    As with the old adage. The surest way to make a million during a gold rush is to sell shovels.

    So it is with Bitcoin. Hardware manufacturers are killing it.
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  10. #510
    Trainwreck Trainwreck is online now

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    Quote Originally Posted by LISTOWEL MAN View Post
    what is bitcoin ?

    no fancy words now please.. just give me layman terms
    Here is one I picked up this weekend:

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