Bitcoin Forum
June 21, 2024, 12:44:25 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Marketplace / Re: Ubitex: In-person Bitcoin exchange [STOCK AVAILABLE: 857 SHARES] on: May 01, 2011, 05:56:27 AM
...
If your one to think...

Some of your points are certainly valid.
I reacted to this "DO NOT BUY UBITEX SHARES!".
That approach is a bit extreme, especially for your first post, IMO.
Welcome to Bitcoin.  Smiley

Cheesy thanks a lot bro!
2  Economy / Marketplace / Re: Ubitex: In-person Bitcoin exchange [STOCK AVAILABLE: 857 SHARES] on: May 01, 2011, 05:55:18 AM
Yes, financial crimes are very serious .... so why is that the registered, regulated exchanges are still harbouring the criminals who threatened to destroy the global financial system if they were not 'bailed out' to the tune of hundreds of billions of dollars of tax-payer money?

I'm sorry, but if the current system is FUBAR and criminals are running amok anyway what's the harm in trying something new and bringing in some competition at least?



Hey look i'm not saying how the financial system is perfect or where your going with this.

There are some very serious risks in investing with UBITEX and GLBSE in general and even a more broader sense the Bit Coin Economy looks like its turning into a bubble economy (Inflated values without equity).

You are free to do what you would like but many people here are real investors.
3  Economy / Marketplace / Re: Ubitex: In-person Bitcoin exchange [STOCK AVAILABLE: 857 SHARES] on: May 01, 2011, 05:44:08 AM
... its just an idea...

Bitcoins was "just an idea" when you could easily buy them for less than 1 cent each.
Most people here are adults, thanks for trying to save us.  Roll Eyes

If your one to think a business like ubitex has complete potential to gain ground like Bit Coin then fine.
Others may find it irrational or maybe insane to invest in an idea which has no execution which anyone can copy.

If you look at OP's Post you will find that he will have to get the into website/IT system set up and get enough customers within range of each other for this to be a successful business.

Not only that, but GLBSE is not a registered exchange and anyone at this moment can report them to the proper authorities.
Note that financial crimes are very serious. Note that unlike Bit Coin, GLBSE has a physical server in which its business is conduct and a centralized staff.
It can be taken down any moment.
4  Economy / Marketplace / Re: Ubitex: In-person Bitcoin exchange [STOCK AVAILABLE: 857 SHARES] on: May 01, 2011, 05:24:16 AM
DO NOT BUY UBITEX SHARES!

The evaluation for the business is crazy! there is no earnings for the company yet and it doesn't even exists! its just an idea.

This is a text book example in investment what product not to buy the only way you can win is to be the one to pop the bubble (then everything goes downhill).
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!