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Question - Topic: Currency Trading
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shevamann
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Posted On: 2017-11-27 07:55:02
Viewed: 2793
What is Bitcoin exactly? A SCAM or a great investment?

What is Bitcon exactly?
Is it an investment or a currency play?
How much can I earn by investing/buying Bitcoins? Or is a Bubble and a SCAM that should be avoided? Seems like a great investment since it is up like 10000% or something like that.
What you all think?

Answers & Comments: 96
piyush981
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1 week 4 days ago

Bitcoin is online money most of the real bank dont consider it as a money so it depend on you want a earn it or not
FalconWay
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1 week 4 days ago
What the F***K does that mean!
Ah another guy from India posting an answer that really does not say much but the most obvious. What the HEK is wrong with you guys from India for you seem to have no real Back Bone about anything as as your answers are always the most timid of answers as it can be.
Which timidity in your DNA is of course evident by India never winning, heck even entering, any Sporting events from World Cup to Olympic etc.. Grow Back Bone People from India :(
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FalconWay
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2 weeks 1 day ago

BitCoin and CryptoCurrencies in general are a case of a bad joke gone really bad ๐Ÿ˜ก
After all Currency is something that only can be created by a Nation, because its value depends on other Nations, aka their Central Banks, accepting and giving value to said currency.
Whereas BitCoin and CryptoCurrencies are created by a software which software any dick and harry can run. So to say BitCoin and CryptoCurrencies are worthless as a currency, is to insult the word worthless. ๐Ÿค“
vince_fx
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1 month 45 minutes ago

To say that BitCoin or any of the so called CryptoCurrencies are SCAM is to give a very very bad meaning to the Word SCAM. After all, it takes only an Hour if not few Minutes to create your own CryptoCurrency, which is the definition of why CryptoCurrencies such as BitCoin are utterly worthless as a general currency. Now a company can create its own currency for buying its goods and services, which thy have been doing for many years already, just calling it different names such as Points Credit, etc., such as United Airline giving you frequent flyer mileage Points, for doing X & Y, which you can then use to get discounted seats or upgrades.
GoldCoast
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4 weeks 1 day ago
Hardy har har, that is so True, that is: "to call CryptoCurrencies such as BitCoin SCAM is to give a very very bad meaning to Word SCAM"

So the question is how did worthless BitCoin ever get the value that it did? Answer is that certain Wall Street Media outlets, such as CNBC hyped this joke into $10,000 US Dollars. But why did they do this?
That answer takes too long to explain.
vienna_boy
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3 weeks 3 days ago
If you want to loose 99% of your Money, then BitCoin is for you :)
FalconWay
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2 weeks 1 day ago
I like that too: "To say that BitCoin or any of the so called CryptoCurrencies are SCAM is to give a very very bad meaning to the Word SCAM".
Well said :)
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LOrlandoFurioso
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1 month 1 week ago

Il BitCoinรจ un sistema per mangiar soldi, con l'idea di un guadagno. Una esperienza diretta, ho fatto un deposito di 50โ‚ฌ e ne sono passati solo 22, gli altri, mi รจ stato detto, che sono tutte spese. Per me questo si chiama usura, per tanto illegale, mi meraviglio che una cosa del genere possa stare in piedi e continuare ad esserci. Forse la tutela del cittadino mondiale dovrebbe valutare meglio questa moneta, mettere un calmiere, e delle regole molti rigide.
technedigitus2
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4 months 1 week ago

Bitcoin is a commodity that can be used to be transfered to another as some valuable.

Bitcoin already have a marketcap.

Bitcoin is limited (deflacionary).

Bitcoin is being used.

Bitcoin have more than 10 years of history.
melo_mushrom
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4 months 1 week ago
BitCoin is a Currency created by an Anonymous person maybe called Satoshi something. As such it has ZERO value.

Traditional currencies have value because the FULL FAITH of US Government, European Union, UK, China, etc with all their Armies, Navies, Bridges, Dams, Taxing abilities, etc. are behind these "Traditional currencies".

Cryptocurrencies like Bitcoin have absolutely NO such FULL FAITH of a Nation behind it. Again it is just a code by some anonymous guy!
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