A College Kid Made More Than $24,000 Just by Waving This Sign on ESPN

posterchild336

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The crashof 08-09 or '87? Well i was interning on a bond desk in '09 and I distinctly remember dudes trying to sell everything they could get their hands on. I also remember 75% not being able to sell shyt- so naturally if you wanted to sell something at 90 but cant, you show it at 85. If that doesnt work, you show it at 75- because you do not want to be the guy holding these securities when they hit 40. This continued for god knows how long and causes things to go to the shytter. So I can personally say that the panic was far from artificial.

That being said- I would not trust that shady azz Bitcoin farce. There are literally no systems or federal agencies to protect you from getting fukked over....

this is the reason why its also so attractive to many, they dont have a hand in ones assets
 

Poitier

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People who call it a ponzi and shyt or quite ignorant. In another thread someone idiot tried telling me that the Dollar was backed by gold (this is how poorly educated people are on finance).

People that really want to understand bitcoin and digital currency really should read the new FinCen laws and also see that digital currency is a great way for a global distribution of money. I also posted when bitcoin was 200$ to buy. Had a bunch of haters that where silenced when it jumped 500%.

Bitcoin in itself tries to be an honest system, problem is the decades of hacker/security communities that have the ability to consistently exploit it. It isn't unusual to hear of someone losing millions in bitcoins via virtual robbery. Read up on Lulzsec and how they were robbing people of bitcoins to fund their cyber crimes.
 

TM101

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I dunno about all this hype. Bitcoin is starting to become mainstream and thats when the hustle usually dies.
 
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