Calis Beach and Fethiye Turkey Discussion Forum
General Topics => All things that have nothing to do with Turkey => Topic started by: stoop on April 13, 2013, 12:21:54 PM
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Anyone know much about them? Seems they are a virtual currency and whilst rather volatile it seems some have made quite a bit of money out of them.
My son bought $1000 worth at $100.90. They went up to $250 then down as far as $35. I noticed early (on the Bitcoin Exchange) they are now back uo to around $150.
Keeping my cash in the bank I think on this one but anyone with a speculative attitude to risk might want to have a dabble.
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Interesting one. Just googled it and think I'm going to steer well clear too. Dealing in a virtual currency is too much for my little brain to cope with. ;D
I'm interested in why they would have called them bitcoins. I wonder if it's because of the old 12.5 cent coin that's long gone out of use. It was called a 'bit' and the 25 cent coin (a quarter) is still affectionately called 2 bits to this day. Love this sort of thing. I'll see if I can find out. Thanks Stoop.
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More go do with 'bites' I think. Computer speak :)
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Duh! Good point. Shame. Still an interesting topic though. Seems that you could make or lose quite large amounts of money this way. Hope your son does OK.
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Well he's a bit of a gambler (plays internet poker for a living whilst living in the sun) so I guess he's only put in what he can afford to lose.
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Wow! Living on the edge. ;)
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Not really - Poker played correctly is quite easy to do. He just works out his odds very quickly and plays or folds. Been doing it for the last 5 or 6 years and making more than I ever did. I think the secret is to run it as a business and not chase losses. Not for me though :)
There are some seriously rich young men out there on the back of internet poker. I know one of his mates who is a dollar milionaire at the sage of 26. However I imagine there are those who lose everything :(
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Bitcoins first came to my attention at the beginning of this month ...... in fact, the very first day of this month.
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Well he's a bit of a gambler (plays internet poker for a living whilst living in the sun) so I guess he's only put in what he can afford to lose.
Didn't realise your lad lived in Scarborough :D
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http://www.snotr.com/video/10944/Bitcoin_Explanation
I am still confused
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Ian - try Chian
g Mai (for the last five years but coming home soon).
Mark - ditto. My other son when I asked who got all the money that people pay to buy them, tells me sellers have to learn how to 'mine' them on a computer program. Once 'mined' they can then be sold.
Wind flying over my head!
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http://lifehacker.com/5991523/what-is-bitcoin-and-what-can-i-do-with-it
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Just seen this in the Daily Mail
http://www.dailymail.co.uk/news/article-2309673/Techies-building-powerful-computers-Bitcoins-new-digital-currency-make-millions.html