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To: Errant

Hope springs eternal...
The first few to get in and get out will make their fortunes. The average man on the street, particularly those who consider themselves savvy, will be left holding the empty bag.
Even the oxymoron ‘mortgage backed securities’ had a 50 / 50 chance. A mortgage is an outstanding liability, not a security, and yet every investor worldwide fell for that one. But at least the possibility remained that the mortgage, which represented an actual physical thing, would be paid.
Bitcoin represents an attempt to create something from nothing. Wasn’t it P. T. Barnum who said ‘There’s a sucker born every minute...” ?
This is an attempt to get 5% of investor’s money, because those looking to diversify their holdings will think “ Roll the dice, it’s only 5% of my total...”.


23 posted on 03/14/2014 8:42:46 AM PDT by Thapsus_epiphany (Si vis pacem, parabellum.)
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To: Thapsus_epiphany
Maybe so, but:


24 posted on 03/14/2014 8:44:33 AM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Thapsus_epiphany
Bitcoin represents an attempt to create something from nothing

Absolutely and successful and designed for future success.

25 posted on 03/14/2014 8:49:02 AM PDT by palmer (There's someone in my lead but it's not me)
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