[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Jimmy Dore: CHINA & 20 Nations To Intervene & End Israel’s Genocide!

20,000 Women. 350 Kilometers. Zero Pay. In One Week. How Did Ibrahim Traore Pull This Off?

Spain is in CHAOS! Revolution is in the air

Joe Rogan Ambushes Gavin Newsom Via Text With A COVID Question He Never Saw Coming

Batman Vs The Joker: Democrats Will Double Down On Chaos To Save Their Party

US Vows To Quit IEA If The Agency Keeps Pushing Green Transition

Tucker Carlson: People Are Frustrated That Certain Commit Crimes With Impunity

No news again, but the battle of the machines marches on...

Cash Jordan: Rioters ATTACK ICE HQ… Troops FLATTEN Uprising With ‘Zero Mercy’

Doctor Reveals What COVID Vaccines Do to the Lungs in Just One Week

Sorry paid off influencers, MAGA bot accounts, and Satan....but I'm not going to just "move on"

Marjorie Taylor Greene Bombshell Interview

Welcome To The Land Of The Free... Until You Express An Opinion

Putin ‘tells Iran to accept nuclear deal with no enrichment’

76% of Honey at Stores is Fake

"225,000 Ukrainians have now DESERTED the war" Ukraine is in a death spiral Col. Dan Davis

The New York Times Finally Stops Avoiding The G-Word

The Gaza Water Massacre: What Israel Just Confessed About Shooting Children

Powerful ERUPTION spit out volcanic mud and debris - Army Personnel ran for their lives

Another 'Conspiracy Theory' Comes True: California Bill Passes To Buy Fire-Ravaged Palisades For Low-Income Apartments

A 1,600-year-old church in the Holy Land has been torched. But not by ISIS.

More civilians have been killed while seeking aid in Gaza than were killed on 7 October.

MORE TRANS VIOLENCE

WAYNE ROOT: Here’s How Trump Turns the Epstein List Fiasco into Home Run

Maxwell Says Epstein Client List Implicates Top Democrats

Medical Record Review Of the Twins Who Died After Vaccination

New federal secrets exposed as Republican unravels Lee Harvey Oswald's hidden ties to CIA

Protest outside migrant hotel in Essex erupts into violence

Congressman Faces Eviction Over $85k Back-Rent For Luxury DC Penthouse

This Is Not Normal! We Just Had Four “1-In-1,000-Year Storms” In A Single Week!


Business/Finance
See other Business/Finance Articles

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: 133
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

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 3.

#3. To: BTP Holdings (#0)

Bitcoin jump to $1200 was propelled by Chinese buying; dropped to half that when China banks suspended Bitcoin trading.

Tatarewicz  posted on  2013-12-23   2:54:00 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 3.

#4. To: Tatarewicz (#3)

Bitcoin jump to $1200 was propelled by Chinese buying; dropped to half that when China banks suspended Bitcoin trading.

I wonder if you can short Bitcoin like you can do with stocks. That might explain a lot of what the Chinese were doing. ;)

BTP Holdings  posted on  2013-12-23 20:55:59 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 3.

TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]