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1  Other / Beginners & Help / digital coin business on: September 23, 2014, 06:36:16 PM
After 9 years in the art and antiques business with nothing but losses, I am ready for the digital currency business come hell or high water. 1000% all the way.
2  Alternate cryptocurrencies / Altcoin Discussion / different digital coins on: September 23, 2014, 02:19:00 PM
I am new to all this and would like to know how many types of digital currencies there are as of now.
3  Bitcoin / Bitcoin Discussion / world governments on: September 22, 2014, 11:42:12 AM
I am sure every government has taken notice and is investigating bitcoins and every other digital coin for taxation purposes. Government leaders also realize that digital currency would solve the current monetary crises worldwide. For one thing, government leaders realize that digital currency would hold the same value globally. The danger here is that world leaders can decide to come up with new digital currency of their own and do away with bitcoins and others-i hope not.
4  Bitcoin / Bitcoin Discussion / digital currency on: September 22, 2014, 11:27:06 AM
I am far from being an expert. However, I firmly believe digital currency is the new wave of the future. Fiat currencies have failed. Welcome to the future. This seems like the only possible way/solution for a global international currency
5  Bitcoin / Bitcoin Discussion / Re: Who's brave/stupid enough to invest their life savings into Bitcoin? on: September 22, 2014, 03:52:03 AM
Quote from: snappa4ever on September 22, 2014, 02:56:32 AM
Quote from: Impros88 on September 21, 2014, 10:55:44 AM
I will hold my 10 btc I have no other choice but btc deluded me... Everyone was saying it would rise and rise, but it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.
IIRC you posted about investing your money that your grandmother gave you in bitcoin. This is not your life savings, as you spent none of your life saving this amount, nor is this money that you earned.

You are also confused regarding terminology. A ponzi is when early investors are paid with later investors money and when there are not enough new investors the ponzi collapses.

A bubble is when the price levels get unrealistically high due to unrealistic investment returns. It is not possible for something to be both a ponzi and a bubble, you will need to pick one
I am new to this and I have responsibilities and fears, but I am going all the way
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