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Sophia4

(3,515 posts)

17. The people who bought the bitcoins were foolish.

Sun Dec 3, 2017, 02:44 PM

Dec 2017

The people who sold the bitcoins knew what they were selling AND what they were buying. They sold bitcoins and bought dollars. Says it all when it comes to bitcoins -- in my opinion.

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Neo-Nazi Wealth is Rapidly Growing. Why? Bitcoin. [View all] Orrex Dec 2017 OP

How do they translate the bitcoins into U.S. currency? There is a law against shraby Dec 2017 #1

There are bitcoin ATMs now Egnever Dec 2017 #2

They sell it like any other commodities Lee-Lee Dec 2017 #3

Are you sure that's what the law says? "Legal tender" means that it must be accepted muriel_volestrangler Dec 2017 #22

Now that was really interesting ismnotwasm Dec 2017 #4

Who better to chase a "get rich quick" scheme? Wounded Bear Dec 2017 #18

True that. ismnotwasm Dec 2017 #26

As with many organizations, the leaders might live better than the other members IronLionZion Dec 2017 #40

I remember when these crazy people were buying gold. Sophia4 Dec 2017 #5

Many of these time wasters are now millionaires after a 10 dollar initial investment Tiggeroshii Dec 2017 #7

You mean they own millions in bit-coins? Sophia4 Dec 2017 #14

No. Meaning they own millions of dollars. Tiggeroshii Dec 2017 #16

The people who bought the bitcoins were foolish. Sophia4 Dec 2017 #17

You needed to buy them to sell them. Tiggeroshii Dec 2017 #20

Many companies accept Bitcoin for payment, and the list gets longer everyday ToxMarz Dec 2017 #41

Citation, please Orrex Dec 2017 #24

Heres one Tiggeroshii Dec 2017 #28

You wrote "many" Orrex Dec 2017 #29

Two Tiggeroshii Dec 2017 #30

3-9 Tiggeroshii Dec 2017 #31

So, on balance, not as good a return as Amway. Orrex Dec 2017 #32

Lol probably Tiggeroshii Dec 2017 #34

But seeing how it went from 10 cents to 10 thousand in 10 years, i wouldnt be Tiggeroshii Dec 2017 #33

LOL. Exactly. Orrex Dec 2017 #35

Until they sell the bitcoins, it's paper... Adrahil Dec 2017 #47

Agreed. Tiggeroshii Dec 2017 #48

Clearly everybody else needs to get in on it and start pushing for Tiggeroshii Dec 2017 #6

There are many YouTube stars who were on the left DangerousUrNot Dec 2017 #8

my son says he can make bitcoins sarah FAILIN Dec 2017 #9

The bitcoins that he creates don't count for anything unless he's "selected" Orrex Dec 2017 #10

Bitcoin is no different than other fiat currencies in that regard. tritsofme Dec 2017 #23

Well, yeah...he might "mine" one bitcoin in a thousand years ret5hd Dec 2017 #11

Almost all Bitcoins have been mined already ProudLib72 Dec 2017 #19

Bitcoins have now been approved for trading HopeAgain Dec 2017 #12

That tells us one thing and one thing only: Orrex Dec 2017 #13

bitcoin futures Mosby Dec 2017 #15

Scam of the century BannonsLiver Dec 2017 #21

I must be the dimmest bulb on the planet, but I don't understand how bitcoins Vinca Dec 2017 #25

Think of it as a commodity that someone has declared to have value Orrex Dec 2017 #27

Like tulips, once. Hope the wannabe Hitlers all go broke. Fred Sanders Dec 2017 #37

They don't exist. sarah FAILIN Dec 2017 #46

That's what I mean. But are there people dumb enough to sell gold for bitcoins? Vinca Dec 2017 #51

You cant advise anyone you like to buy bitcoin, keithbvadu2 Dec 2017 #36

I'll just address this to many of the commenters here: Don't be these people... tandem5 Dec 2017 #38

We certainly don't need to embrace every passing fad, either. Orrex Dec 2017 #44

The racists have been using the internet to their advantage. Initech Dec 2017 #39

When Bitcoin is at $100K in a year or two are people still gonna be hating? Calculating Dec 2017 #42

Give me a few thousand, and I'll consider it. Orrex Dec 2017 #43

In those case pushing them off traditional payment methods has backfired short term Lee-Lee Dec 2017 #45

What a rubbish post... JCMach1 Dec 2017 #49

Bitcoin is also the currency of choice in ransomware scams Algernon Moncrieff Dec 2017 #50

Nazis and tax-cheats samir.g Dec 2017 #52