lilamumutrash 1,782 Posted December 8, 2017 Share Posted December 8, 2017 Ive heard about bitcoin years ago but nowadays, people are talking much more about bitcoin, well, because of the "increase" but does anyone knows how it really works? I want to know more about it. Link to comment Share on other sites More sharing options...
RenM 2,204 Posted December 8, 2017 Share Posted December 8, 2017 It's a duped currency, i mean national currency guaranteed by each nation's national bank and they have gold reserve to guarantee their ability to back their currency. who will guaranteed bitcoin value ? and it's scary how people accept it because it's profitable right now, but i see it more of MLM in another form. scary. Link to comment Share on other sites More sharing options...
Nini Bear 3,530 Posted December 8, 2017 Share Posted December 8, 2017 all i know is that a friend of mine bought something 2 years ago, and now he's earned 2 bitcoins worth about 160 euro's together? i don't get it at all but seems that the value is unstable and therefore, with the right timing, u can earn quite some money. Link to comment Share on other sites More sharing options...
MidnightEXO 12,909 Posted December 8, 2017 Share Posted December 8, 2017 It just decreased BTW its really really risky to invest in Link to comment Share on other sites More sharing options...
ari 12,218 Posted December 8, 2017 Share Posted December 8, 2017 its very unstable so i wouldn't invest in it too much as there's a high possibility of some big losses, currently there's some services that are pulling out the ability to even pay with it because it's such a mess Link to comment Share on other sites More sharing options...
Kstarnet 1,502 Posted December 8, 2017 Share Posted December 8, 2017 reminds me of this article, http://says.com/my/imho/i-first-bought-bitcoin-at-567-yesterday-it-was-8000-this-is-my-story The writer wrote that he gain 100% profits after buying bitcoins. Link to comment Share on other sites More sharing options...
Monium 28 Posted December 8, 2017 Share Posted December 8, 2017 It's a duped currency, i mean national currency guaranteed by each nation's national bank and they have gold reserve to guarantee their ability to back their currency. who will guaranteed bitcoin value ? and it's scary how people accept it because it's profitable right now, but i see it more of MLM in another form. scary. I know this is a kpop forum and all but come on, a simple googling will tell you this is completely false. Nixon abandoned the gold standard in 1971, and today almost all currencies are fiat money (not backed by physical commodity). https://en.wikipedia.org/wiki/Fiat_money#20th_century Link to comment Share on other sites More sharing options...
Property of Goddess lrene 920 Posted December 8, 2017 Share Posted December 8, 2017 Most 'money' today is electronic. and btw, most 'money' is not actual money (ie. genuine representation of value) but a miniature debt certificate that signifies all users of the currency owe the central bank owners interest for using said currency for an infinite cycle. Link to comment Share on other sites More sharing options...
RiseLikeACrowTit 862 Posted December 8, 2017 Share Posted December 8, 2017 OP meet me in the alley i can give you 10000 bit coins for $4000 dollars Link to comment Share on other sites More sharing options...
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