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  1. #11

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    Feb 2015
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    Hong Kongs bitcoin entrepreneurs say they have been forced to open bank accounts overseas to operate their businesses, after local banks froze or closed their accounts

    Hong Kongs bitcoin businesses suffer after local bank accounts frozen | South China Morning Post
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  2. #12

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    Purely speculation. No one knows what will happen. I think it's worth the risk considering what it could go too.

    I've bought coins recently which already have 20% returns.

    Would not invest a substantial part of your savings. Just a speculative part.


  3. #13

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    Quote Originally Posted by MandM!
    Purely speculation. No one knows what will happen. I think it's worth the risk considering what it could go too.

    I've bought coins recently which already have 20% returns.

    Would not invest a substantial part of your savings. Just a speculative part.
    Very surprised to read this from you M!, considering your other posts where you were saying how risk adverse you are.
    MandM! likes this.

  4. #14

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    Jan 2010
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    Bitcoins are a bit like gambling in a casino. The whole value comes from speculation, there is no underlying use to bitcoins (no legal use anyway)

    MandM!, Edwardstorm, jrkob and 1 others like this.

  5. #15

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    Quote Originally Posted by mrgoodkat
    Bitcoins are a bit like gambling in a casino. The whole value comes from speculation, there is no underlying use to bitcoins (no legal use anyway)
    For me, I deal business in many countries and currency and payments become a bit problematic. When margins are sufficient personally I wouldn't mind to accept Bitcoin to get things rolling and I would prefer to keep Bitcoin, lose the HKD/USD cost, and bet on the speculative side, albeit my clients would not likely pay in Bitcoin so that's more the issue with me.

    @jrkob, depends on the amounts involved. For me I don't like the stock market because it's too easy to buy/sell and see your account values on the norm--plus I had good luck following the GFC guess I didn't want to get back into it but if I could handle it I would probably do it again in the future. Also stock accounts usually hold a substantial portion of ones net worth. Bitcoin I merely put a speculative amount that I don't care about nor need to check on a regular basis.

  6. #16

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    Quote Originally Posted by mrgoodkat
    Bitcoins are a bit like gambling in a casino. The whole value comes from speculation, there is no underlying use to bitcoins (no legal use anyway)
    Totally agree.

  7. #17

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    May 2006
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    Tulip mania

    TheBrit, jrkob and Vix85 like this.

  8. #18

    Join Date
    Sep 2016
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    270

    An old friend joined Usi-Tech, and keeps raving about it on Facebook. Looks to me like a scam though, anyone knows more?

    I bought 0.1 bitcoin and 1 Ether around a month ago, just to be part of IT!


  9. #19

    Join Date
    Aug 2011
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    832

    Surges past the $10000 US mark. Next stop the moon!

    chuckster007 and hullexile like this.

  10. #20

    Join Date
    May 2006
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    Everyone knows it is a bubble that will burst but nobody wants to miss out on the rise. 20,000 by end of the year. I can see this being in textbooks for decades to come.

    irisboards and jrkob like this.

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