I bought 1,000 Pivx and 3.5 Dash coins. Wish me luck.
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This whole thing makes zero sense to me
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This whole cryptocurrency backed by nothing confounds the hell out of me too. I can't help but correlate this to the great "Tulip Bulb" craze in Holland hundreds of years ago that destroyed many. |
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How are the bitcoins turned into cash? I would assume merchants who accept them quickly flip them for real currency so they can pay suppliers and employees and other bills. |
I "understand" the very basics of it but the part I don't understand makes it too risky for a place I want to put my money. I understand people's reason for buying but it's still a very risk investment.
At some point Big Banks are going to want this regulated. Ain't no way those greedy bastards are going to be losing money to this shit! At which point, the price should plummet, never to see the highs again. Get in, make money and sell would be my only option but I think it's already over-valued. |
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I mean...this seems like Bernie Madoff shit....smoke and mirrors....purchasing make beli ve money that is supported by nothing I can see. It's not backed by gold...or the US dollar for example. I guess I haven't studied it because it seeems like a suckers racket to me. I'd like it explained in plain English. |
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Well the crypto currency market is currently 75 billion expected to go into the trillions by 2025. Japan made Bitcoin an official currency so it's going pretty well
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Whiie other people are getting rich off it. |
https://ethereum.stackexchange.com/q...chnical-friend
Check this out there is a graphic on it that explains it pretty well |
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I'm still stuped! |
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