Bitcoin

[redback]

Anyone used or know anything about bitcoin?

[blm]

I know I missed the opportunity of a lifetime 8 years ago when my buddy told me to invest when they were mere pennies (literally). He cashed in awhile back at over 1.5 million. After only spending a couple hundred. I didn't understand them and didn't take the time.

They're simply a virtual currency.

[Bouncer]

Anyone used or know anything about bitcoin?

I bought your mother to clean my toilet with bitchcoin.

[redback]

I bought your mother to clean my toilet with bitchcoin.

Why are you such a fuckwit all the time.

[Ashoprep]

Why are you such a fuckwit all the time.

It's an attempt at humor. I think he's funny................looking.

[Turbo3000]

Ship had sailed. Like BLM said, the time was 5-8 years ago.

[redback]

Ship had sailed. Like BLM said, the time was 5-8 years ago.

I'm not talking about investing, more purchasing. Notice some sites were only taking bitcoin payment now. Was wondering how safe it was.

[TrapsBrah]

https://www.coinbase.com/charts
My advice is too keep an eye out price is dropping fast. Pick some coin up because long term investment many think it will be astronomical Silicon Valley VC thinks it will be 100k per coin in the future.

[FrankTheTank55]

I've had people ask me to pay with this but I had no idea how it works. It's probably super easy but for some reason it confuses the hell out of me!

Hopefully somebody here will shed some light on it for us...lol

[blm]

Not bad advice.

[TrapsBrah]

I've had people ask me to pay with this but I had no idea how it works. It's probably super easy but for some reason it confuses the hell out of me!

Hopefully somebody here will shed some light on it for us...lol

Basically its digital money. There will be only 21 million coins in existence. Every transaction is recorded in a public ledger called the blockchain so there is no way to cheat the system. You can send any amount of money to anyone as easy as an email. Its hard to explain but once you understand its simple. With bitcoin there is no third party so there are no fees when sending money. Which is why neweggs bitcoin black friday deals had xbox ones for $329 if paying with bitcoin. You should watch the documentary The Rise and Rise of Bitcoin.

[FrankTheTank55]

Thanks! I will watch that for sure. I was just unclear on how you purchase them or how you collect them?

[Bouncer]

they are collected in video games like Zelda and mario. When you smash a pot in zelda or bump a brick in mario the coins are downloaded to the account you have linked to your gaming system.

[FitnessBrat]

I understand they are currency, but what is the good in them? Why not just use real money??

[Bouncer]

I understand they are currency, but what is the good in them? Why not just use real money??

bit like saying what is the good in digital content like netflix when you can just buy a dvd..

the future is here darling and its coming fast.