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post #1 of 6 (permalink) Old 01-04-2018, 05:17 PM Thread Starter
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Join Date: Feb 2008
Country: Australia
First Name: Harold
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Want to know about *BITCOIN*

A lot of monkeys lived near a village.
\One day a merchant came to the village to buy these monkeys!
He announced that he would buy the monkeys @ $100 each.
The villagers thought that this man was mad.
They thought how can somebody buy stray monkeys at $100 each?
Still, some people caught some monkeys and gave them to this merchant and he gave $100 for each monkey.
This news spread like wildfire and people caught monkeys and sold them to the merchant.
After a few days, the merchant announced that he would buy monkeys @ $200 each.
The lazy villagers also ran around to catch the remaining monkeys!
They sold the remaining monkeys @ $200 each.
Then the merchant announced that he would buy monkeys @ $500 each!
The villagers started to lose sleep! ... They caught six or seven monkeys, which was all that was left and got $500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he was going home for a week. And when he returned he would buy monkeys @ $1000 each!
He asked his employee to take care of the monkeys he had bought. He was alone taking care of all the monkeys in the cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell at $1000 each. ☹️
Then the employee told them that he would sell some monkeys @ 700 each secretly.
This news spread like fire. Since the merchant buys monkey @ $1000 each, there is a $300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and bought monkeys!
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came! ... Then they ran to the employee...🤠
But he had already left too!
The villagers then realised that they have bought the useless stray monkeys @ $700 each and were unable to sell them!
Bitcoin will be the next monkey business !
It will make a lot of people bankrupt and a few people filthy rich in this monkey business.
That's how it will work

Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.

Albert Einstein
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post #2 of 6 (permalink) Old 01-04-2018, 05:36 PM
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Country: United States
First Name: Tom
Posts: 18,874

Sums it up pretty well. Just a fancy, international Ponzi scheme to me.

The more I do, the less I accomplish.
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post #3 of 6 (permalink) Old 01-04-2018, 05:42 PM
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Join Date: Apr 2017
Country: France
First Name: Gérard
Posts: 159

Didn't buy bit coins when I knew it began and at this time it was hardly believable it could exist . And that it could survive...
Big mistake....
It was win xp time ...long ago

By now I ' m not exited with that , maybe at 2 percent exited maximum.

Won a lot more on stock exchanges than what I can presume this bit coin will get.

Trees don't grow to the sky...
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post #4 of 6 (permalink) Old 01-05-2018, 08:10 AM User
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First Name: Harry
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What a brilliant analogy Harold.
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Nothing but heaven itself is better than a friend who is really a friend. - Plautus

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post #5 of 6 (permalink) Old 01-05-2018, 10:22 AM
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First Name: Dan
Posts: 15,458

Penny stocks without the certificates...oh wait, you don't get those with penny stocks anymore either! :0
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post #6 of 6 (permalink) Old 01-05-2018, 05:58 PM
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Tulips, remember the tulips!
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I'll burn that bridge when I come to it
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