HomeFairfax General ForumArrest/Ticket SearchWiki newPictures/VideosChatArticlesLinksAbout
Off-Topic :  Fairfax Underground fairfax underground logo
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
So what’s the deal with bitcoin? Should I invest or not?
Posted by: New $ ()
Date: January 11, 2020 04:49PM

Is it worth investing in or is it the scam everyone thinks it is.

Options: ReplyQuote
Re: So what’s the deal with bitcoin? Should I invest or not?
Posted by: nxhmd ()
Date: January 11, 2020 05:20PM

There are so many "off the books" currencies out there it is not funny. I was reading something the other day about some currency just a small group of people are using amongst themselves. I cannot get involved in that sort of thing due to my reporting requirements, but I can see these little currencies taking off big time.

The Koreans in Northern Virginia, and I am sure elsewhere, have been doing money pools for decades. You pay into the pool and at some point it is your turn and you get a fuckload of money to do whatever you want with (kids education, buying a business, buying a home, whatever). You get the money but do not declare it, pay no capital gains on the "interest" it earned, etc. All off the books. I have never heard of the IRS or the State of Virginia going after these funds.

Options: ReplyQuote
Re: So what’s the deal with bitcoin? Should I invest or not?
Posted by: Pretend Democrat ()
Date: January 12, 2020 08:54PM


Options: ReplyQuote
Re: So what’s the deal with bitcoin? Should I invest or not?
Posted by: exwx6 ()
Date: January 13, 2020 01:18AM

Times have changed, but ponzie schemes never die because they are sooooo lucrative. I remember when it used to be gorgeous homesites in Florida sold by phone and slick photos. When you finbally get there to start building, you found yourself being transported by airboat to the middle of a lake in the everglades, with no land anywhere in site.

Then there was penny stocks. Popping out of the fax machine at deafening speeds came hundreds of fake new gold and silver companies (remember Goldcor? and the black gold sands of Costa Rican beaches?)

And now comes the best plan for scammers to get incredibly rich on your dime: BITCOIN! ( imaginary money that is stealable, disappearable, etc by those who have the access to the algos that "create" it out of thin air. Like musical chairs, you race around jumping into seats until one day when your pot gets real full, there won't be any seats left for you because the bucket shop did a dump....they won, you lost. There is no oversight or means of regulating it.

Like the bucket shops that trade in weather options, beware. They have learned to control the weather now, so again, you are BOUND TO LOSE...

If you partake, use money you won't need if you suddenly become unemployed.

Options: ReplyQuote
Re: So what’s the deal with bitcoin? Should I invest or not?
Posted by: South Seas ()
Date: January 13, 2020 08:24PM

New $ Wrote:
-------------------------------------------------------
> Is it worth investing in or is it the scam
> everyone thinks it is.


That ship has sailed. Now tulips on the other hand...

Options: ReplyQuote


Your Name: 
Subject: 
Attach a file
  • No file can be larger than 75 MB
  • All files together cannot be larger than 300 MB
  • 30 more file(s) can be attached to this message
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 **    **  **     **  **    **  **     **  ******** 
 **   **   ***   ***  ***   **  **     **  **       
 **  **    **** ****  ****  **  **     **  **       
 *****     ** *** **  ** ** **  **     **  ******   
 **  **    **     **  **  ****   **   **   **       
 **   **   **     **  **   ***    ** **    **       
 **    **  **     **  **    **     ***     **       
This forum powered by Phorum.