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<p>[QUOTE="JJK78, post: 2660984, member: 19207"]I was in that boat too, I actively watched Bitcoin as it was in the sub $10 range but personally didn't trust the system just yet and ultimately killed my initial attempt to get into it.</p><p>This was because in my heart of heart I believe Silver is one of the most undervalued assets around and I was all in on it. That is when I found out about "physical bitcoins" - I thought the idea was fabulous as it basically allowed me to "hold" my digital bitcoin, only problem was that in the early days you HAD to pay in bitcoin and I didn't have any and didn't know how to get them. Really kicking myself now for not going forward with it. Fast forward to today - definitely regretting my silver investments at this point as it seems the only way to make money on it is to be a dealer as the markets are to easily manipulated by the big banks and paper money.</p><p><br /></p><p>The cool this about Bitcoin is that it's similarities to gold in the modern world. It is not backed up by anything more then a promise, but to me that is the same thing as the dollars in your wallet - nothing more or less then a medium of exchange. The biggest benefit is the flexibility and ease of use in the modern world. I mean I can take my bitcoin and pay someone 1 "bit" or .000001 of my bitcoin making it very flexible for day to day transactions.</p><p><br /></p><p>All that said I would advise anyone interested in bitcoin to seriously consider making a purchase before March 11th as the SEC is going to be making a final decision on the Winklevoss brothers Bitcoin ETF they have been trying to establish. Obviously this could go either way so choose your investments wisely. Personally the upside to this is far greater then the downside at this point. Bitcoin is no longer a FAD or Trend, but rather a new type of currency with a total market value as of this writing of almost $18.5 BILLION dollars.</p><p><span style="color: #ff0000">Edited: self promotion not allowed .</span></p><p>$.02</p><p>J[/QUOTE]</p><p><br /></p>
[QUOTE="JJK78, post: 2660984, member: 19207"]I was in that boat too, I actively watched Bitcoin as it was in the sub $10 range but personally didn't trust the system just yet and ultimately killed my initial attempt to get into it. This was because in my heart of heart I believe Silver is one of the most undervalued assets around and I was all in on it. That is when I found out about "physical bitcoins" - I thought the idea was fabulous as it basically allowed me to "hold" my digital bitcoin, only problem was that in the early days you HAD to pay in bitcoin and I didn't have any and didn't know how to get them. Really kicking myself now for not going forward with it. Fast forward to today - definitely regretting my silver investments at this point as it seems the only way to make money on it is to be a dealer as the markets are to easily manipulated by the big banks and paper money. The cool this about Bitcoin is that it's similarities to gold in the modern world. It is not backed up by anything more then a promise, but to me that is the same thing as the dollars in your wallet - nothing more or less then a medium of exchange. The biggest benefit is the flexibility and ease of use in the modern world. I mean I can take my bitcoin and pay someone 1 "bit" or .000001 of my bitcoin making it very flexible for day to day transactions. All that said I would advise anyone interested in bitcoin to seriously consider making a purchase before March 11th as the SEC is going to be making a final decision on the Winklevoss brothers Bitcoin ETF they have been trying to establish. Obviously this could go either way so choose your investments wisely. Personally the upside to this is far greater then the downside at this point. Bitcoin is no longer a FAD or Trend, but rather a new type of currency with a total market value as of this writing of almost $18.5 BILLION dollars. [COLOR=#ff0000]Edited: self promotion not allowed .[/COLOR] $.02 J[/QUOTE]
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