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 -Pretty much no where. It'd better to think of it as stock than a currency imo.Where accepts bitcoin as currency?
jtsintegra - How do i buy other types of bitcoinsYou buy 'altcoins' typically with bitcoin on crypto currency exchanges. Like a stock market for these coins.