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.
As I read your post, I am listening to a presentation here:
http://pro.moneymappress.com/NVXBITCOIN2014/LNVXQ253/?h=true
You might check it out.
I am not into Bitcoin, and do not understand it.
I’m selling some Pogs on ebay.
I can send you a link.
????
You’re seriously soliciting financial advise from anonymous people on the internet??
OK, then... I’m selling carbon credits. Half off. No checks. Today only.
If you don’t know about something and haven’t even been following the news articles about it recently, it is probably a very bad thing for you, personally, to invest in. Stick with things you understand and be conservative in your investments until you get the hang of it.
I am not asking you, but possibly it would be wise for you to ask yourself why you are trying to make money with extremely risky investments in areas about which you know nothing. This is not prudent. Why do this when you are vanishingly unlikely to make money, and quite likely to lose it?
Bitcoin is a made up currency with no backing that was created by a hacker, is being cracked down upon in the US and Russia, and has been abandoned by Apple, and which you can’t cash out of on at least one major exchange.
It has the appearance of a pump and dump exercise. Or at least tulip bulbs.
If you go into Bitcoins, don’t think of it as an investment, but as entertainment, the way people think of gambling in Las Vegas.
Bitcoin is the anti-Buffett investment (violates almost every one of his principles):
-nobody understands it
-nobody understand what value it should have
-fluctuates immensely for no apparent reason
etc...
I will sell you nit coin for half the price of bitcoin my wife used to make them right here at home,she ran off with a health care navigator ....I have thousands left.
I would like to move them...ASAP ........Im afraid she might come back.
How many ‘ya want?
Go to the ixquick.com search engine and search for “Bitcoin”.
There will be a number of search results that are for, against, and neutral with respect to investments in bitcoins. The basic concept of Bitcoin is based upon using computers to create the Bitcoin by solving a cryptographic encryption and then using cryptographic keys by computer to transfer the bitcoin to other people. There is a basic flaw in the concept which arises as the Bitcoin cryptography begins to reach the limits of its cryptographic sizing. There have also been some issues with exploits of the bitcoin authentication. Sovereign governments are also posing new threats to the usage of bitcoins. The search results discuss these and other problems.
My simple, cogent advice, is to spend your neurons learning about something else.
Penny stocks >> Bitcoin?
Urk. Scams.
One word:
Plastics.
I have some S&H Green Stamp books I will sell you real cheap.
Ping.
OK, then... I’m selling carbon credits. Half off. No checks. Today only.
= = = = = = = = = = = = = =
Hula hoops made some sense.
I figured when people started buying pet rocks that we had turned the corner.
But when someone is selling them certificates saying they are having a star named after them I thought we may have peaked. Going on 35 years.....
But surely thought we had bottomed out by electing BO - once could be called a mistake or guilt but TWICE is downright lunacy.
Have you found any source of info on exactly what that cryptographic calculation is? I’ve not come across any mathematical or algorithmic description. If you find it please post it.
I only find people who want to sell hardware with some undescribed software.
Bitcoin has tanked and will soon be dead dead dead. Avoid like the plague
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