BITCOIN for dummies

miamianne67 Invincible Can't you see it? Posts: 5,176 Sept 30, 2015 16:48:33 GMT	BITCOIN for dummies Mar 5, 2017 23:25:42 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by miamianne67 on Mar 5, 2017 23:25:42 GMT OK, I know this isn't a stock but I think it's an investment....that how poorly informed I am. Oh, I cruised by Investopedia, but I'm just not getting it. Any info you'd care to share with this dummy is welcome. Thank you. Miami

Deleted Deleted Member Posts: 0 May 17, 2024 17:29:37 GMT	BITCOIN for dummies Mar 6, 2017 12:56:39 GMT miamianne67 and icemandios like this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Deleted on Mar 6, 2017 12:56:39 GMT I don't get the bitcoin craze, so I stay away.

stcks Eternal 6 rules of successful biotech investing-"RESEARCH, RESEARCH, RESEARCH, PATIENCE, CAPITAL & RESEARCH" Posts: 3,850 OPKO Investment: Long Sentiment: Bullish Recommendation: Hold Sept 30, 2015 15:29:56 GMT	BITCOIN for dummies Mar 6, 2017 14:04:45 GMT via Tapatalk miamianne67, icemandios, and 1 more like this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by stcks on Mar 6, 2017 14:04:45 GMT Bitcoin in two charts The chart we talk about! The real chart
	6 rules of successful biotech investing-"RESEARCH, RESEARCH, RESEARCH, PATIENCE, CAPITAL & RESEARCH"

miamianne67 Invincible Can't you see it? Posts: 5,176 Sept 30, 2015 16:48:33 GMT	BITCOIN for dummies Mar 7, 2017 12:37:35 GMT icemandios likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by miamianne67 on Mar 7, 2017 12:37:35 GMT Thanks all. As ricwit says, for now, I'll do like I do with cooking. It's beyond me, so we'll eat out. But I'll keep digging. . ; - 0

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BITCOIN for dummies Mar 8, 2017 0:38:29 GMT miamianne67, icemandios, and 1 more like this

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Post by Deleted on Mar 8, 2017 0:38:29 GMT

Forgive me if I am stating things that you already know. Bitcoin is of course a digital currency. A long story short, the recent trading in Bitcoin has been HEAVILY in Chinese Yuan and this past month others are piling on the hype I would imagine. Some say 98% of trade in Bitcoin has recently been Chinese. Why? They convert their currency into Bitcoin, then have a series of numbers and letters as the key to that money. They fly to NY, NY and open a bank account, send the Bitcoin to someplace like Coinbase (out of San Fran, that trades Bitcoin for fiat currency) then transfer the money to your New York bank account. The recent run up has been due to Chinese trying to get around their government's currency controls. There are brokers in China who are said to have been helping people with this process. Their government tries to clamp down but has a really hard time with it. Is it a good buy now? Who knows, I sold mine.

You may also know that there are ALT Coins (alternative as in not Bitcoin) many people also call them poop Coins or Scam Coins because they are mostly similar to Bitcoin but for a variety of reasons such as their founders pre-mining them, which undercuts the value, they do not gain traction.

I am no authority on these coins, but have dealt with them for quite a while. They get really, really tech geek technical. If you want to read more try www.bitcointalk.org

Folks, please correct me if I am mistating anything.

Last Edit: Mar 8, 2017 0:39:32 GMT by Deleted

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BITCOIN for dummies Mar 30, 2017 3:12:08 GMT miamianne67 likes this

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Post by Deleted on Mar 30, 2017 3:12:08 GMT

ALT coins are mostly crap, but I am hoping that this coin WBB which will soon change its name to DLS (Digital Ledger Systems) will turn into something. There can only ever be 2.6 million of these coins so limited supply. This system is for business, the developers say that their first customers are insurance companies in Europe. Huge risk but worth a shot IMO.

One ne thing about this coin is that it floats, businesses buy these so that they can transfer money to satisfy contracts but there are also tokens that businesses can purchase which have a fixed value pegged to the Swiss Franc.

bitcointalk.org/index.php?topic=952619.0

This is just an idea. I am only investing what I am willing to lose financially.

Last Edit: Mar 30, 2017 3:14:42 GMT by Deleted

miamianne67
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BITCOIN for dummies Mar 30, 2017 12:03:54 GMT icemandios likes this

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Post by miamianne67 on Mar 30, 2017 12:03:54 GMT

Thank you, Jetson. Really good post!
There's an old saying that one should only invest in what one understands. I have heard Buffett say that. Thus, I find myself in a shrinking world of opportunity (for me) due to my limited understanding of so many things. Largely the culprit is technology --- and lack of education on my part. Soon my investing will be limited to trading jewelry on Ebay.

Thanks again,Miami

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BITCOIN for dummies Mar 30, 2017 12:27:26 GMT miamianne67 likes this

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Post by Deleted on Mar 30, 2017 12:27:26 GMT

Thank you for your kind words Miami... but you can say what you want, we already know that you are a smart person. Crypto Currency is baffling for most anyone, I just so happen to be allowed to belong to a group, similar to this one in some ways, that focuses on that segment. Got lucky just like I got lucky to be here with you folks.

miamianne67 Invincible Can't you see it? Posts: 5,176 Sept 30, 2015 16:48:33 GMT	BITCOIN for dummies Mar 30, 2017 23:17:24 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by miamianne67 on Mar 30, 2017 23:17:24 GMT Anyone have the skinny on Ethereum?

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BITCOIN for dummies Mar 31, 2017 1:31:29 GMT miamianne67 likes this

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Post by Deleted on Mar 31, 2017 1:31:29 GMT

These are the guys with the WBB currency that I accumulate, tout, pump.
SWISS
www.dlsag.ch
Amazing amount of real world uses, so they say.

ETH & ETC (ETH Classic will soon be unsupported by developers if I am reading thing correctly - so I am not a buyer). There used to only be ETH but someone hacked a flaw in the system (The DAO) and ran off with a ton of ETH BUT then the community decided to do what is called a FORK that took the money away from that hacker. In doing so they created two currencies.

ETH deals in "smart contracts". ETH is not like BTC. BTC is a straight crypto currency.

en.m.wikipedia.org/wiki/Smart_contract

en.m.wikipedia.org/wiki/Ethereum

TWO TECH PEOPLE ARGUING OVER ETH VS BTC
"Quote from: Grdas130979 on February 25, 2017, 12:15:29 PM
Ethereum is the mother of platforms using blockchain and smart contracts, BTC is the mother of digital currency and means to store value. They can be two different things with similar use, not directly enemies. I believe that both are the future"

Ethereum is a 3D blockchain.

Bitcoin is only 2D (value store and value transfer).

You envisage a future where value store and value transfer are done on Bitcoin and value programability is done on Ethereum?

Seems unrealistic and hacky when Ethereum does what Bitcoin does so much better.

Bitcoin is also slow, expensive, energy inefficient and not as reliable. Granted Ethereum had the benefit of being able to analyse years of Bitcoin performance data."

Here are some techies talking about ETH... There are always more questions and not enough answers ... the block chain is the Wild West and an undiscovered country put together. bitcointalk.org/index.php?topic=1848868.0

Bitcoin (BTC) is about to FORK because its technology is not keeping up with its success. BTC can only run 3 to 7 transactions per second so there is a backlog. There is some talk that BTC is the past and the FORK, which is due to what is being called a BTC Civil War (I am not making this up), will destroy BTC.

In short, I believe you could spend many hours reading what different tech people think that ETH is, is not, could be, etc. In the end you, like me, can come out still confused by the uncertainty of the discussion.

This thread link is all about people arguing about how great or not ETH is...
bitcointalk.org/index.php?topic=1137367.600

Last Edit: Mar 31, 2017 1:59:05 GMT by Deleted

Deleted Deleted Member Posts: 0 May 17, 2024 17:29:37 GMT	BITCOIN for dummies Mar 31, 2017 2:03:43 GMT miamianne67 likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Deleted on Mar 31, 2017 2:03:43 GMT These are some crypto currency exchanges if anyone has interest: www.coinbase.com www.gemini.com www.bittrex.com Coinbase and Gemini seem the most trusted, but unregulated as far as I know.

miamianne67 Invincible Can't you see it? Posts: 5,176 Sept 30, 2015 16:48:33 GMT	BITCOIN for dummies Mar 31, 2017 17:42:14 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by miamianne67 on Mar 31, 2017 17:42:14 GMT Wow! Everyday another reason to feel inadequate. Block chains? Thank you so much Jetson. After a pot of coffee maybe I can do some dd.
	Last Edit: Jun 6, 2017 19:29:55 GMT by miamianne67

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BITCOIN for dummies Apr 3, 2017 15:48:35 GMT miamianne67 likes this

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Post by Deleted on Apr 3, 2017 15:48:35 GMT

www.yahoo.com/finance/news/now-i-get-it-bitcoin-155147167.html

Article explains what Bitcoin is; not all crypto currencies are the same, some are more than just currency, they can be the exchange of and agreement / contract as well but getting into that is getting over my pay grade to understand.

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BITCOIN for dummies May 14, 2017 1:13:54 GMT miamianne67 likes this

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Post by Deleted on May 14, 2017 1:13:54 GMT

Blockchain ideas. Why? Because this technology will eventually become a huge part of how we do things IMO.

Check out WBB if interested... it is complex yet simple. Here is their website with their White Paper... there is an amazing piece on how they can help heathcare with some issues.

www.dlsag.ch//

Last Edit: May 14, 2017 1:17:23 GMT by Deleted

Deleted Deleted Member Posts: 0 May 17, 2024 17:29:37 GMT	BITCOIN for dummies May 14, 2017 14:01:47 GMT miamianne67 likes this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Deleted on May 14, 2017 14:01:47 GMT Bill Gates,Elon Musk, Richard Branson. This is happening They will never get that idea back in the box.

Where Due Diligence meets the Investor Connection

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