Another Bitcoin Thread

Please explain bitcoin, alt coins, ltc etc? Wtf is it, how does it work? I have read threads talking of it going up and down, but have no idea how it works 

Think of it as Monopoly money 

Why are people investing real money to own internet or Monopoly money?

Johnny Salami -

Why are people investing real money to own internet or Monopoly money?

Because as of now its booming and a lot of people turned a little into a ton. Until the bubble pops that is.

 

Tomorrow they can shut down all internet currency and it will change nothing in the real world.  

What does a bitcoin buy?

Johnny Salami -

What does a bitcoin buy?

Well back in the day I think 1 Bitcoin was like $16 dollars. Now its 19,000....more and moreplaces are  accepting it  

Where accepts bitcoin as currency?

How do i buy other types of bitcoins

 

Here's an in-depth guide:

 

 

Johnny Salami -

Where accepts bitcoin as currency?

Pretty much no where. It'd better to think of it as stock than a currency imo.

jtsintegra - How do i buy other types of bitcoins
You buy 'altcoins' typically with bitcoin on crypto currency exchanges. Like a stock market for these coins.