Bitcoin.
That's the reaction I got from my dad when I started putting money into video cards and power supplies along with keeping my basement windows open all winter and also when I started trading BTC during work hours.
2 years later and he changed into
Anyways it's normal to be cautious, it took tons of convincing and proof for me to even get into it and even more convincing to get some friends in, but lurking on the bitcointalk forums and going through people's posts was the most convincing thing to me, when I saw the scale and dedication of that community along with the whoe aura around Satoshi it was hard not wanting to be involved. Only wish to have gotten into it maybe a year ahead because that's when millionaires were made assuming they didn't short early, which obviously most did.
As a big supporter of bitcoin and someone semi invested in it since late 2011, I've been here during highs and lows, I've sold and bought during highs and lows and I still hold a decent amount which I consider as a nice safety net. Although I've been panicking lately due to the various frauds committed I still believe that there's some exceptional potential here. For a while now I've been thinking, there's so much secrecy regarding the creator/creation of BTC that it has NSA/Federal entities written all over it.
The mining which we the people who mine do using supercomputers mining blocks 24/7 has to have a point and my theory is that all the mining in the world when combined and connected becomes one Super PC for the guys at the NSA financed by we, the people. With the technology that they have such a theory can be validated and there's nothing surreal about it, There's Billions invested in those super rigs worldwide, that's one hell of a super PC.
The fact that the US government didn't rush to shut this down once it exploded made me a believer that this is one big inside job that gets the people to profit but gets another entity to profit from it much more, I also don't think they expected it to be so big. Whatever it ends up it was an innovative way for a lot of people to cash in, the guy that got me into it had sold a fair share when it was priced at around 60-70$, ended up paying for 75% down on a 200+k condo and a one year old Lexus. He still kept some which he sold at about 1K and cashed in enough money to just travel and chill for 3-4 years and he still holds some because the potential is too big to simply get out.
So you had to invest a bunch of money on equipment....
You spending a lot on electricity ....
You have to convince others it's a good way to make money.....
You didn't get it on the ground floor where the real money was made.....
Now you hang out and mine a few dollars hoping the currency rebounds....
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you think intelligence services created it to have a covert, untrackable means of exchanging money?
"Bitcoin is a digital or crypto-currency which is bought and sold online, but not backed by any country's central bank or government."
So Bitcoin is made up digital money, that only holds value if you wanna believe it has value I guess?How does one get their make believe money turned into real money?
USD is made up digital money
you think this shyt still backed by gold![]()
a bunch of retards in here
same dudes that will be back to ask how they get in when we back to 1000$