Bit Coin weirds me out !

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YankeeGalDownUnder1964

Yankee Gal Down Under
Jun 26, 2021
51
38
18
60
Queensland Australia
#1
im sorry but this is a BIG NO ! with me
this imaginary crypto currency is very non transparent
you put money in but its like imaginary money , you never see it
feel it and you gain points rather than get real money like from a atm
or bank !

my sister lost tons of money through this !
its very dangerous Christians
more like a pyramid or block chain thing to keep you
putting more and more money in and
too bad if the computer crashes you loose .

has anyone been using this block chain scam
i hope not
 
Feb 24, 2019
256
168
43
#2
if you have food to eat and clothes to wear and warmth and shelter and somewhere to sleep,
and if you have some company too, which is a blessing,
and if you have some people at your gate who perhaps lack some of these things, and you can minister to them in kindness,
then rejoice!,
and wash your hands clean of the nonsense of this world.
 

DeanM

Well-known member
May 4, 2021
549
315
63
#4
If you want to invest, go with stocks. The market has ups and downs but gains steadily over time. Bitcoins doesnt feel right to me.
 

Krumbeard

Well-known member
Apr 15, 2019
1,139
773
113
#5
im sorry but this is a BIG NO ! with me
this imaginary crypto currency is very non transparent
you put money in but its like imaginary money , you never see it
feel it and you gain points rather than get real money like from a atm
or bank !

my sister lost tons of money through this !
its very dangerous Christians
more like a pyramid or block chain thing to keep you
putting more and more money in and
too bad if the computer crashes you loose .

has anyone been using this block chain scam
i hope not
I was wondering about this not too long ago. Nobody seems to know what it is really.

I hear people talk about "mining" a bit coin. Huh?

I'll steer clear of it.
 

TenderHeart

Active member
Jul 5, 2021
188
179
43
Florida
#6
Trust your gut! It’s God speaking to you

I think that bitcoin is ushering the one world government financial system once the US dollar crashes, it’s how we will have to buy everything… Through the chip in our hands or in our foreheads… 🙅🏻‍♀️🙅🏻‍♀️🙅🏻‍♀️🙅🏻‍♀️
There’s a YouTube channel, truth United, Ron covers a lot about bitcoin ushering the Mark of the beast.

Before I was saved I invested, and lost! Some money, not too much but enough for me to have backed away from it entirely. In one of Ron’s videos, he comments on how if you’re investing in bitcoin you are also investing in crashing the US dollar. I don’t trust it
 

Krumbeard

Well-known member
Apr 15, 2019
1,139
773
113
#7
Trust your gut! It’s God speaking to you

I think that bitcoin is ushering the one world government financial system once the US dollar crashes, it’s how we will have to buy everything… Through the chip in our hands or in our foreheads… 🙅🏻‍♀️🙅🏻‍♀️🙅🏻‍♀️🙅🏻‍♀️
There’s a YouTube channel, truth United, Ron covers a lot about bitcoin ushering the Mark of the beast.

Before I was saved I invested, and lost! Some money, not too much but enough for me to have backed away from it entirely. In one of Ron’s videos, he comments on how if you’re investing in bitcoin you are also investing in crashing the US dollar. I don’t trust it
I can't say I trust the dollar much either. It being backed by the good faith of our government. 🤣

And their constant manipulation of things.
 

DeanM

Well-known member
May 4, 2021
549
315
63
#9
I can't say I trust the dollar much either. It being backed by the good faith of our government. 🤣

And their constant manipulation of things.
U.S. currency has been worthless since Nixon took us off the gold standard. Dont recall what year that was. Early to mid 70"s and the reason it was done was because what is in Ft. Knox couldnt cover anymore currency. Anything minted or printed since then has no backing. Ive often wondered how much if any gold is actually in Ft. Knox.
 

Nehemiah6

Senior Member
Jul 18, 2017
26,074
13,777
113
#10
If you want to invest, go with stocks.
Since the stock market is manipulated by the major players daily, it is not really for ordinary people. Invest in real estate, and keep some gold and silver coins on hand.
 

DeanM

Well-known member
May 4, 2021
549
315
63
#11
Since the stock market is manipulated by the major players daily, it is not really for ordinary people. Invest in real estate, and keep some gold and silver coins on hand.
Real estate is good but the market has been good to me and im a guppy in the lake.
 

TenderHeart

Active member
Jul 5, 2021
188
179
43
Florida
#12
Real estate is good but the market has been good to me and im a guppy in the lake.
Yes I sold my house during coronavirus and it was a good savings account for me, good investment. Unfortunately I’m left with no more real estate but it helped me for what I needed at the time. Amen to that.
 
Aug 4, 2021
586
185
43
#14
Cypto comes from the greek word kruptos meaning "hidden,secret".

Check this out:

https://www.google.com/amp/s/www.cn...on-palmer-criticizes-the-crypto-industry.html

~ Haggai 2:8 ~

Shalom blessings!
Yes, the word crypto is an old word, as in a crypt, like the tomb where Jesus laid before the resurrection. Any views on cryptocurrency? I am not getting it, but I see it as much more secure than the US dollar. The faith in the individual currencies will determine a true value, and the limited amount of cois will ensure a gain for people as long as the coin is competitive. No government who can print more coins and davaluate the existing coins. The cryptography is only about excrypting, you decide if the coins are safe as an investment and if you can remember your password so you do not lose your investment. You decide to safeguard it by making transactions often enough to change the cryptokey. Or people can trust banks and believe in no financial crashes, where you can lose money. Banks in my country are required to guarantee for 200-300 K on saving accounts if they go bankrupt. So if people have more money than that, crypto should be a safer place to put it. You decide for yourself, others can make big gains by investing, there is some risk in the stockmarket theese days.
 

ZNP

Well-known member
Sep 14, 2020
36,778
6,743
113
#15
I was wondering about this not too long ago. Nobody seems to know what it is really.

I hear people talk about "mining" a bit coin. Huh?

I'll steer clear of it.
Bit coin is just like Chucky cheese money. You exchange your money for it.

It has two fundamental problems, it takes electricity to create it, the more bit coin you create the more electricity you need and we are not talking trivial amounts.

Second, it undermines the power and authority of governments and you know they will strike back to keep their power.
 

DeanM

Well-known member
May 4, 2021
549
315
63
#16
Instead of buying crypto just go to a casino. Your odds, as bad as they are, are still better.
 
Aug 4, 2021
586
185
43
#18
Bit coin is just like Chucky cheese money. You exchange your money for it.

It has two fundamental problems, it takes electricity to create it, the more bit coin you create the more electricity you need and we are not talking trivial amounts.

Second, it undermines the power and authority of governments and you know they will strike back to keep their power.
It generates revenue also. The energy used generates money for companies, generates taxrevenues. Good for many countries. As is the serverindustry, good for countries with cold climate and plentiful energy available. Look at it national, we are not a global unity. We shipped industries out, we want some new ones back, servercentres and other industries like cryptocentres that works without manual labour is wanted. When we ship out jobs, taxpaying computers are wanted, that has synergyeffects for our other coreindustries.