SunderMad
Why not join in with our small but perfectly formed community?

We are always looking for new members so sign up and join in, its free.

SOME PEOPLE SEEM TO HIT A SNAG WHEN TRYING TO REGISTER! NOT SURE WHY? IF YOU HAVE A PROBLEM EMAIL ME AND I WILL SORT IT?
sundamad@aol.com
Sky Sports-SunderMad Exclusive.
next game
FcTables.com
Div 1 Table
FcTables.com
Latest topics
» Mr William Sharp
Today at 2:46 pm by cyprussyd

» Billy's Brick
Today at 2:42 pm by cyprussyd

» Massive, massive, massive
Today at 2:36 pm by cyprussyd

» Maja
Today at 10:03 am by cyprussyd

» New Quiz Night at the Albert
Today at 9:36 am by DanielFullard

» Away Tickets Update
Today at 8:38 am by cyprussyd

» The new east stand
Yesterday at 11:17 pm by cyprussyd

» Collectors item
Yesterday at 10:47 pm by Black Cat Kiwi

» Annual SunderMad night out
Yesterday at 10:11 pm by cyprussyd

» @DavidJonesSky recalls the moment he fell in love with #SAFC.
Yesterday at 9:03 pm by cyprussyd


In plain English please

Go down

In plain English please

Post  cyprussyd on 2017-12-15, 3:23 pm


  • What are Bitcoins?
  • Can I spend them?
  • How do they work?
  • How do I buy them?



REMEMBER I AM VERY OLD

________________________________________________________
          My glass is always half full and occasionally over flowing. [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
avatar
cyprussyd
Senior Member(Top Cat)
Senior Member(Top Cat)

Posts : 45912
Join date : 2012-07-31
Age : 69
Location : Durham

http://www.sunderlandmad.com

Back to top Go down

Re: In plain English please

Post  canary-dave on 2017-12-15, 3:29 pm

cyprussyd wrote:

  • What are Bitcoins?
  • Can I spend them?
  • How do they work?
  • How do I buy them?



REMEMBER I AM VERY OLD

It's virtual currency with a real value. Each bitcoin is worth thousands of pounds and changes daily, if not hourly. 

Now you know as much as I do

________________________________________________________
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this image.]
avatar
canary-dave
Admin Spammer Swatter

Posts : 13991
Join date : 2012-08-01
Age : 70
Location : Weston-super-Mare

Back to top Go down

Re: In plain English please

Post  cyprussyd on 2017-12-15, 3:29 pm

canary-dave wrote:
cyprussyd wrote:

  • What are Bitcoins?
  • Can I spend them?
  • How do they work?
  • How do I buy them?



REMEMBER I AM VERY OLD

It's virtual currency with a real value. Each bitcoin is worth thousands of pounds and changes daily, if not hourly. 

Now you know as much as I do
can I spend it at Tesco?

________________________________________________________
          My glass is always half full and occasionally over flowing. [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
avatar
cyprussyd
Senior Member(Top Cat)
Senior Member(Top Cat)

Posts : 45912
Join date : 2012-07-31
Age : 69
Location : Durham

http://www.sunderlandmad.com

Back to top Go down

Re: In plain English please

Post  sunderpitt on 2017-12-15, 4:41 pm

Crypto or virtual currency.. all 'money is is a medium of exchange cos we believe in it.

Imagine you have a stock market broker who could buy 'future's. So you agree to pay in one months time £100 for an ounce of gold. The price of gold goes up and down..  so your option to buy an ounce of gold at £100 could be sold at a price that will fluctate with golds price and what the market thinks is going to happen.

The more people who want that option means it's price will go up.a speculator in futures could by selling make money never having paid out anything. 

Lots of drug dealers and terrorists want bitcoins cos they represent 'value and are not regulated as no paper trail exists
 Others want them as they speculate the price will go up and they will cash on. Some of course have made money.

My own view is that crypto currencies have been with us for a while, there are several of them.
 Britcoin are in a bubble atm it will burst at some point but I suspect they are here for good

Clear as mud

Go and buy (part) one and see what happens best way to learn.
avatar
sunderpitt
Number Cruncher
Number Cruncher

Posts : 6977
Join date : 2012-08-25

Back to top Go down

Re: In plain English please

Post  cyprussyd on 2017-12-15, 6:15 pm

sunderpitt wrote:Crypto or virtual currency.. all 'money is is a medium of exchange cos we believe in it.

Imagine you have a stock market broker who could buy 'future's. So you agree to pay in one months time £100 for an ounce of gold. The price of gold goes up and down..  so your option to buy an ounce of gold at £100 could be sold at a price that will fluctate with golds price and what the market thinks is going to happen.

The more people who want that option means it's price will go up.a speculator in futures could by selling make money never having paid out anything. 

Lots of drug dealers and terrorists want bitcoins cos they represent 'value and are not regulated as no paper trail exists
 Others want them as they speculate the price will go up and they will cash on. Some of course have made money.

My own view is that crypto currencies have been with us for a while, there are several of them.
 Britcoin are in a bubble atm it will burst at some point but I suspect they are here for good

Clear as mud

Go and buy (part) one and see what happens best way to learn.
I'm still a little wary of my contactless debit card

________________________________________________________
          My glass is always half full and occasionally over flowing. [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]
avatar
cyprussyd
Senior Member(Top Cat)
Senior Member(Top Cat)

Posts : 45912
Join date : 2012-07-31
Age : 69
Location : Durham

http://www.sunderlandmad.com

Back to top Go down

Re: In plain English please

Post  gil t azell on 2017-12-17, 5:18 pm

cyprussyd wrote:
sunderpitt wrote:Crypto or virtual currency.. all 'money is is a medium of exchange cos we believe in it.

Imagine you have a stock market broker who could buy 'future's. So you agree to pay in one months time £100 for an ounce of gold. The price of gold goes up and down..  so your option to buy an ounce of gold at £100 could be sold at a price that will fluctate with golds price and what the market thinks is going to happen.

The more people who want that option means it's price will go up.a speculator in futures could by selling make money never having paid out anything. 

Lots of drug dealers and terrorists want bitcoins cos they represent 'value and are not regulated as no paper trail exists
 Others want them as they speculate the price will go up and they will cash on. Some of course have made money.

My own view is that crypto currencies have been with us for a while, there are several of them.
 Britcoin are in a bubble atm it will burst at some point but I suspect they are here for good

Clear as mud

Go and buy (part) one and see what happens best way to learn.
I'm still a little wary of my contactless debit card
That part of ya card still works even if its stolen. Admittedly its only up to 4 times but they are on about upping the level to two hundred quid as opposed to the current 30 or 35 pounds. Not good.
avatar
gil t azell
Senior Member(Top Cat)
Senior Member(Top Cat)

Posts : 5197
Join date : 2012-08-03
Age : 58
Location : Sunderland

Back to top Go down

Re: In plain English please

Post  Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum