BitCoin anyone?

[Uncle Gizmo]

In several podcasts I have listened to recently there's a lot of speculation about BitCoin.

Max Keiser & Stacy Herbert have a very interesting podcast channel here:-

Google Podcasts is no longer available

podcasts.google.com

and although they sound a bit crazy, there does seem to be some logic in what they say. Anyone else have any views, ideas or information about bitcoin, before I wade in and buy a lame duck!

 

[NauticalGent]

Tony...I have tried to wrap my head around how it works...do you have an understanding of it?

 

[Uncle Gizmo]

do you have an understanding of it?

No, none at all.

There's a lot of people saying that you should buy bitcoin and it will go up very quickly this year, but I'm always suspicious about people that say things like that! I want to understand why they say that, and what the risks are.

I know there's a lot of sensible people here, so I thought this would be a good place to ask....

 

[NauticalGent]

Another "thing" that I have heard about is Create Tailwind...I haven't dived into it yet, but at first glance it looks like a good thing.

MTF

 

[Jon]

There's a lot of people saying that you should buy bitcoin and it will go up very quickly this year,

The current Bitcoin price is where it is because there are an equal number of people who don't think the price will go up very quickly this year, and hence you reach an equilibrium price.

 

[Uncle Gizmo]

I have found a bitcoin forum which looks very good:-

Bitcoin Forum - Index

Bitcoin Forum - Index

bitcointalk.org

I'll get genned up on it, then come back here when I know what I'm talking about. It might be quite a while!