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Thread: Anybody doing bitcoin?

  1. #1
    Guns Network Contributor 01/2015 Altarboy's Avatar

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    Anybody doing bitcoin?

    Been thinking about getting my feet wet or at least dipping a toe. Where can you safely purchase it?

  2. #2
    Senior Member Full Otto's Avatar

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    I was talking with my broker the other day about some changes I should try
    it touched on Bitcoin. He's never had much good to say about it but was telling me there is a new one coming down the pike.
    He's more behind because it will actually be backed by something solid
    He wasn't selling the currency as much as the support behind the blockchain technology which I got in on
    I'm not sure which company is starting it I want to say Facebook might be Amazon, we talked about a few things, and I don't want to steer anyone wrong
    My take is that Bitcoin may have run it's course sort of like a pyramid scheme first ones in idea
    You may want to wait to get into the new one and get in on the ground floor
    Last edited by Full Otto; 07-04-2019 at 09:32 AM.
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  3. #3
    Team Guns Network Silver 04/2013 alismith's Avatar

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    Quote Originally Posted by Full Otto View Post
    I was talking with my broker the other day about some changes I should try
    it touched on Bitcoin. He's never had much good to say about it but was telling me there is a new one coming down the pike.
    He's more behind because it will actually be backed by something solid
    He wasn't selling the currency as much as the support behind the blockchain technology which I got in on
    I'm not sure which company is starting it I want to say Facebook might be Amazon, we talked about a few things, and I don't want to steer anyone wrong
    My take is that Bitcoin may have run it's course sort of like a pyramid scheme first ones in idea
    You may want to wait to get into the new one and get in on the ground floor
    I don't trust any form of crypto-currency (even if backed by something solid). The way I see it is if you can't, physically, hold it in your hand, you don't really own it.
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  4. #4
    Senior Member Full Otto's Avatar

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    I feel the same just passing along what I heard for those considering it
    For peace of mind, resign as general manager of the universe

  5. #5
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    Block chain is the death of what little privacy we have left. That being said, if you just want to buy low sell high, I suppose it's as good as any other fiat currency manipulation scheme


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  6. #6
    Team GunsNet Bronze 10/2014

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    Quote Originally Posted by alismith View Post
    I don't trust any form of crypto-currency (even if backed by something solid). The way I see it is if you can't, physically, hold it in your hand, you don't really own it.
    me neither. that being said i'm not real sure about what's backing the currency i can hold in my hand.

  7. #7
    Senior Member Viking350's Avatar

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    Quote Originally Posted by kuntryboy View Post
    me neither. that being said i'm not real sure about what's backing the currency i can hold in my hand.
    Not much. The full faith of the Government. As little as that is, it is a million times more than what backs bitcoin.

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