Off Topic Does anybody understand bitcoin?

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Ernie Shackleton said:
Bitcoin is essentially a digitised version of Tulip Mania and we all know what happened in Seventeenth Century Netherlands don't we?

The only people who will win are those who have already won.
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Or the South Sea Bubble, the dotcom bubble?
 
My take on it is that by the time we the public get to know about it through the papers etc the opportunity has gone.
Nobody other than those in the know had heard about it when it was $50. If I don't understand something , how my investment is held etc then stay clear. It may disappear from your account as quickly as it appeared. Plenty of more intelligent people out there than us that know far more about it waiting for sheep to pile in.
 
Ernie Shackleton said:
Bitcoin is essentially a digitised version of Tulip Mania and we all know what happened in Seventeenth Century Netherlands don't we?

The only people who will win are those who have already won.
Click to expand...

It's a bit like the KC shares then? I was so close to investing in them bastards.

You know that thing where you know, you really know and then you find you don't have the bolloks and then go on to waste what you were going to invest in the first place?

That's me that is :biggrin:
 
Kempton said:
It's a bit like the KC shares then? I was so close to investing in them bastards.

You know that thing where you know, you really know and then you find you don't have the bolloks and then go to waste what you were going to invest in the first place?

That's me that is :biggrin:
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Made a ****ing killing on the KC shares.
 
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dennisboothstash said:
Thanks for trying to explain it Walter...genuinely

I still don’t think I really get it, but I’m ok with that

If I ever find one down the back of a settee in a pub I’ll give you a shout to help me figure out how to turn it into beer vouchers
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Rather than mess about with all that mining stuff you can't see and running up a leccy bill as big as Belgium's I will sell you some of mine. Used Pound, Dollar, or Euro notes are accepted, just let me know how much you want to spend.

PS best PM me with details of the handover I think there's some right crooks on here.
 
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Chazz Rheinhold said:
Nah. Julie on here always puts that as he gets a little upset when someone disagrees.
That's the idea of the place.j
If you'd a come to bens do, we all met and got on. No anger. Few others on here have met me too. They're all ****s but we got on fine.
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Chazz Rheinhold said:
Nah. Julie on here always puts that as he gets a little upset when someone disagrees.
That's the idea of the place.
If you'd a come to bens do, we all met and got on. No anger. Few others on here have met me too. They're all ****s but we got on fine.
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That's exactly what I meant. In real life you're a nice kid. On here...

I can't do the meets, Ben will tell you why.

Maybe in the future.
 
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