Originally Posted by Raeford
Originally Posted by Hastings
RIOT BLOCKCHAIN (RIOT) is down 14% today. I'm still ahead 700% since I got it in July. Was at one point almost up 1000%. Bought a little BITW on the OTC market today. Here's hoping the ''fake money'' prices stabilize and head back up. This could be the crypto bubble bursting. Wasn't supposed to happen.


Isn't Bitcoins valuation based on said 'fake money'?

I don't know much about it. I barely graduated high school and don't understand computers much or how crypto currency is created. My son in law's father is a financial consultant and stock broker type and when I asked him about Bitcoin he referred to it as ''fake money''. He said there was nothing backing it. I asked how that made it different from U.S. Federal Reserve Notes. He replied that our currency was backed by the faith and credit of the U.S. government. Which doesn't seem like much backing to me. He also doesn't put clients into gold either. All of the economy looks like a house of cards to me.

Patriotism (and religion) is the last refuge of a scoundrel.

Jesus: "Take heed that no man deceive you."