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Reply to "Lloyds Bans Credit Card Customers From Buying Cryptocurrency"

"If the Shoe Shine boy is telling you his favorite Stock Tips of what to Buy, then time to sell all you own in the market." (Market Crash 1928)

 I personally do not know of anyone owning Cryptocurrencies. I always remembered Bitcoin as kinda like going to a casino and playing a game for money that I knew nothing about how to win. Result… Throwing away Money to Learn.… Bitcoin, if social network remains strong and stabilizes, it could be a good way to get money out of a country, where government restrictions apply. Like the US, where $10, 000.00 is Maximum transfer. China, allows NO Transfers.

  As governments start to intervene cryptocurrencies, all may be deemed Unlawful to own by a host of countries someday, with no way to monitor its ownership. Maybe that’s the popularity of interest to some..

 As an investment in cryptocurrency, what is it backed by? Gold/Sliver/Dollar,Yen…… Nothing!! but maintaining large numbers of folks buying & selling the limited issues of the cryptocurrency. If I don’t fully understand how it works, I don’t play someone else’s game. Someone else will have to ride the waves for now. For the investment side of it. I read somewhere where Block chain technology may the best way to play it & not the cryptocurrency itself. Someone has made a lot of money when it was valued at $20,000/bitcoin. This morning its $7400.00 and climbing.

  Do any of the forum folks know anyone who has bought/own Cryptocurrencies and made money?


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