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To: Errant

If you put a thousand dollars into bitcoins, anytime in 2009 thru 2010, you would be a very, very rich man today.

Who knew, when I first heard of it, I thought it be a huge scam.


9 posted on 11/09/2013 10:37:10 AM PST by PoloSec ( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
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To: PoloSec
Same here. It's something you have to research and learn about. It's a totally different and somewhat abstract money system that's vague to just about everyone at first, even though that was never intended and there are plenty of easy to understand resources online that explain the concept in great detail.

The purveyors of fiat currency on the other hand (folks like the Fed (a collaboration of big banks)), and others (World Bank, Euro Banks, Chinese, Bricks, and etc.) go to extremes to keep their inner workings secret.

13 posted on 11/09/2013 10:48:37 AM PST by Errant
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To: PoloSec
Bitcoin is still a scam.

http://monetaryrealism.com/bitcoin-is-a-scam/

15 posted on 11/09/2013 10:50:55 AM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: PoloSec
If you put a thousand dollars into bitcoins, anytime in 2009 thru 2010, you would be a very, very rich man today.

True. But it's also true that early participants in a chain letter, or more legitimate multi-marketing schemes like Amway or Herbalife do very well, while later entrants do not. Time will tell.

39 posted on 11/09/2013 1:44:32 PM PST by Pearls Before Swine
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To: PoloSec

>>”you would be a very, very rich man today.”

Is there somewhere you could cash it into dollars?


40 posted on 11/09/2013 3:00:24 PM PST by D-fendr (Deus non alligatur sacramentis sed nos alligamur.)
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To: PoloSec
Who knew, when I first heard of it, I thought it be a huge scam.

Me, too. It isn't over yet, and there seem to have been a lot of things going on to lure the money into the markets and out of the mattress, one way or another. I view this as another market, and with one zot somewhere, one which won't even leave it's buyers holding a piece of paper or a chunk of metal.

While the idea that it is easier to store than food or metals, harder to detect (on your person--because it isn't there), and theoretically more transportable, it relies on systems which may or may not continue to function in less than optimal future circumstances.

57 posted on 11/10/2013 6:10:58 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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