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Serious bitcoin investment- someone is going to get very rich but it's not you or me!!

Discussion in 'The Courtyard Café' started by dancingshoes, Oct 11, 2017.

  1. dancingshoes

    dancingshoes Alfrescian Old Timer

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    i have been seeing marketing material on the internet about bitcoin investment. i even have a friend from brother school SJI doing it. he is a very good public speaker. if i tell him what i know and how it work, he will think i harbour sour thoughts about him making big. no doubt, i already foresee that he may be the chosen one to get rich but there is a chance that he may end up his life in lawsuits. from the photos he post on facebook, i can trace back that he is being used as a walking advertisement for the mastermind.

    so long for now...
     
  2. Ash007

    Ash007 Alfrescian Old Timer

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    Etherium looks like having better backers and infrastructure in place then bitcoin to be honest. Both very high risk still.
     
  3. Hangover

    Hangover Alfrescian Old Timer

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    You Can Buy Citizenship To This Island Nation For Only 44 Bitcoin
    http://fortune.com/2017/10/10/vanuatu-accepts-bitcoin-for-citizenship/

    It'll only cost you 44 bitcoin to get Vanuatu citizenship - citizenship allows visa-free travel to 113 other countries


    Sinkies serve 2 years in NS and 10 years of ICT.
    Sinkies parents can consider buying 44 bitcoins for each son.
     
  4. halsey02

    halsey02 Alfrescian (Inf)

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    From my stamp collecting days, Vanuatu former name was The New Hebrides Condominium, shorten to New Hebrides. It was jointly governed by the French & the British. It was on Pentecost Island, where the villagers construct huge towers of wood & villagers would jump off from the towers, tied by ropes to the feet, not hitting the grounds, in their annual ritual. That is where Bungee Jumping originated from.
     
    hofmann likes this.
  5. Narong Wongwan

    Narong Wongwan Alfrescian (Inf)

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    I was not much of a stamp collector but a tv addict.
    Survivor filmed one season there before
     
  6. Reddog

    Reddog Alfrescian Old Timer

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    Russia is going to join China to ban them. Check RT for the latest.
     
  7. Ash007

    Ash007 Alfrescian Old Timer

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    Exactly why I've said they are still high risk. What is RT?
     
  8. Hangover

    Hangover Alfrescian Old Timer

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    Bitcoin can help people in countries with remittance restrictions transfer money.

    Buy bitcoin in china for yuan
    and you wife can get USD immediately in US when selling the bitcoins.
     
  9. hofmann

    hofmann Alfrescian Old Timer

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    Bitcoin and the like have one main feature, anonymity. Its roots with the silk road.

    No sane government is going to sit idly by while crypto currency constantly undermines efforts at anti money laundering.

    There are few legitimate uses for crypto currency, and even fewer actual usage of crypto for legitimate transactions (like buying vanuatu passport)

    Crypto is great for 2 things only in reality, speculation and money laundering.

    For all other uses, cash or credit cards makes it pointless and inconvenient.
     
  10. halsey02

    halsey02 Alfrescian (Inf)

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    Good for opening an account, for your "mistress" & yourself....deposit money for her, or ?...just use the brain.
     
  11. hofmann

    hofmann Alfrescian Old Timer

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    Yup exactly the point.

    As it flourishes and undermines financial order, will the central banks sit around and twiddle their thumbs?

    Lots of people are going to make money until it all falls apart. Question is when, not if.
     
  12. hofmann

    hofmann Alfrescian Old Timer

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    Jamie Dimon just ate his words. Greed factor is up. He recanted in a month.

    My thinking has not shifted but strengthened.

    This will be interesting to watch.
     
  13. eatshitndie

    eatshitndie Alfrescian (Inf)

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    volcano blowing up in vanuatu.

    http://www.foxnews.com/world/2017/10/01/vanuatu-volcano-erupts-11000-prepare-to-evacuate.html
     

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