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Business/Finance
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Title: beware the Bitcoin, Currently More Volatile than a Penny Stock
Source: [None]
URL Source: [None]
Published: Dec 22, 2013
Author: Independent Living Bullion
Post Date: 2013-12-22 09:58:22 by BTP Holdings
Keywords: None
Views: 128
Comments: 6

Urgent Warning on Bitcoin: Promoters Pushing It Like a Penny Stock

Precious Metals Market Update

Bitcoin chart Bitcoin's chart looks like a penny stock right after its promoters send out 10 million emails. Not long ago, we gave you the inside skinny on Bitcoin -- both its strengths and weaknesses. However, the deluge of promotional emails and ads we've witnessed in the past few weeks has compelled us to revisit the issue.

We're frankly concerned people could get hurt financially.

Free-market analyst Bill Fleckenstein, an MSN columnist and investment manager, appeared on KWN last week and labeled the cryptocurrency a "chain letter" that has even less backing than the U.S. dollar.

At least the dollar has a government behind it that can raise taxes to shore it up, Fleckenstein noted. A far cry from something like gold or silver, Bitcoin has no tangible backing of any kind and relies purely on persuading others to hand over things of value in exchange for electronic entries.

Heavy internet marketing by certain newsletter publishers has helped fuel a 500% increase in the "value" of Bitcoin in the past two months. The drop could be just as dramatic.

The situation reminds us of those penny stocks you occasionally see promoted. Yes, adept speculators can jump in, get out, and make some real money. But many will lose most or all of their investment -- depending on which particular day they acted on the "hot tip."

If you are considering putting one thin dime into Bitcoin, please get the facts first. Caveat emptor!

More information: www.independentlivingbull...e-inside-scoop-on-bitcoin

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Begin Trace Mode for Comment # 2.

#1. To: BTP Holdings (#0)

personally I think it is a big part of the other shoe.

When in doubt COUNTERFEIT.

The first time someone cracks that code that bitcoin is going to nothing.

I think it is already cracked and that the right time is on its way.

titorite  posted on  2013-12-22   10:29:53 ET  Reply   Untrace   Trace   Private Reply  


#2. To: titorite (#1)

When in doubt COUNTERFEIT.

Bitcoin is not counterfeit, it is electronic. You cannot hold it in your hand. It can all disappear at the push of a button. ;)

BTP Holdings  posted on  2013-12-22   10:41:01 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 2.

#5. To: BTP Holdings (#2)

Bitcoin can be conterfitted if the encryption can be broken. It's all about encryption.

And I strongly suspect that someone has cracked it already.

ALSO

Their is another type of lesser know digital currency that folks might be interested in.. I thnk it is called dogecoin. It is paying out.

If you choose to use it, remember your buddy titorite when you profit like crazy from it. ;)

titorite  posted on  2013-12-31 17:55:34 ET  Reply   Untrace   Trace   Private Reply  


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