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Author Topic: Thoughts of one newbie  (Read 343 times)
PrFen (OP)
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November 17, 2013, 01:32:16 AM
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Hello to all,

I am new at Bitcoin "game", but willing to learn.

I heard for Bitcoins maybe year or two ago, and that was it. Never investigated (unfortunately). About six months ago I had conversation with my friend about Bitcoins, and then realized that Bitcoins could have bright future. But again, I did not investigate anything about them after that conversation. About week ago I heard about Bitcoins again and finally decided to inform myself a little bit more. And now I am fascinated!

During my whole life I was fascinated by total of three business opportunities. First, investing at stock exchanges, second domaining, and third Bitcoins!

I was very successful in investing and stock exchanges but mostly stopped because of global recession. Domaining gave me the opportunity to quit my job and now I live very well from earning with trading domains. I wanted to say that when I was fascinated with something that was a real BINGO for me! I hope now it could be the same with Bitcoins Smiley

At the moment I see them as speculation, but with tendency to become an accepted currency.

I still know very little about Bitcoins, especially about technical part, but I feel it could be a real thing. My thought are that governments will try to destroy Bitcoins. They cannot control Bitcoins, so "Bitcoin is the enemy", they must be thinking this way.
I mentioned that my technical knowledge is very small about Bitcoins, but at this moment I guess that Bitcoins could be destroyed only on two ways: by switching off the Internet, and by switching off electricity in the whole world. Neither of this will not happen so Bitcoins will remain "live".
Governments will try on some other ways, like declaring that Bitcoins are illegal because they could be used for illegal activities (financing terrorism, money laundering, trading with drugs etc...). They could announce that everyone who will own Bitcoins will be prosecuted.

Well, that is what governments could do, but I am not sure if they will. This would give additional strength and interest to Bitcoins and they know that. If people would not be scared this would make Bitcoins only stronger.
It is very important that is possible to trade with Bitcoins unanimously.

I don't like that there are no clear information about creator(s) of Bitcoin. Anyway, I see more positive things than negative ones.

Bitcoins are good as investment at the moment as there are large percentage of people that still don't know for them. In the next few years I expect that more people will be interested in Bitcoins and that Bitcoins will be accepted at much more shops than they are today.

I don't like this bubble, but who can be 100% sure that it is a bubble? If Bitcoins are something what will become really big this price is bargain. Anyway, it could be a bubble Smiley

I wrote my thoughts. Only time will show what is correct Wink 

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