Posted on 02/10/2014 5:07:32 PM PST by righttackle44
I had come to you once before, my Free Republic good guy friends, for advice on what penny stocks are all about. In doing further research, I keep running across the concept of bitcoin. Somehow, I cannot find a place to start about learning what bitcoin is. It used to be simple. You read the cereal box where is said, "Send three Cornies Box Tops with check, cash, or money order for $2.95 to order your own see-into-the-future goggles. Be sure to specify whether you want the red or blue model." There's no such place on the internet. If you can help me, please presume that I don't know nuttin' about it. ('cause that's the truth.) Will you folks please help me? Thank you for whatever you can tell me.
Bitcoin was designed to be a currency independent of government currency .It’s independently verifiable, easily traded and stored electronically. It’s very easy to hide , stay anonymous and yet still trade. In short Bitcoin is a collectivists worst nightmare: a form of wealth transfer they have a hard time stealing. It’s value comes from the difficulty looter states have in stealing it .
Gold historically has had a similar role but gold is much easier to understand though harder to move around and hide.
Because of its similarity to gold at thwarting the Stalins and Obama’s of the world , it’s current price, in my opinion. is much higher than it would be if the US was not facing dictatorship or moronic leadership. (Gold prices went way up under FDR and Carter then fell) I’m sure some very clever folks in Government are even now trying to figure out ways to deflate the Bitcoin.
To sum it all up , the time to buy would have been years ago as it is overvalued and likely to be shut down.
LOL. Thanks for the warning.
Thanks for your concern. I’m not considering investing. I just had no clue what this is all about. Thanks for your help.
Don’t worry. If we just contact our Represenatives and get involved at the local level, and post on FR, will will be fine.
Would those in this cold fusion generator I bought yesterday? Can't get the dern thing to run!
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