WHILE I am still trying to fully understand what it really is all about and prove to myself that there is a likely truth to the saying “easy come easy go”, I dug deeper as a miner hoping to get a bullion of gold.
Binary options and bitcoin trading according to a netizen could be interesting and profitable only when you have a good and reliable account manager to manage your broker account, losing in every trade is normal but consistent losing is abnormal. Another male netizen with an African profile said, "I never thought it was possible to make dollars in days from a website, I mine bitcoins and made more money, this particular platform surprised me and I have recovered all the funds I lost in scam sites".
What struck me is another webber’s statement that “you can't trade with outdated strategy and expect winnings as I might be able to share with you my master class strategy which has been able to revive me to making profit with my broker accounts always. Proper investment with the right strategy always yields profit.” The webber further enticed browsers that with the minimum investment of $300 - $4500, $500 - $7050, $700 - $9800, $1000-$13,500, the more you invest the more profit you get 100-percent guaranteed payout.
As a visual person, I thought at first that it is likened to buying a minted coin using precious metals such as gold and silver as I do collect old coins for posterity purposes but the term cryptocurrency made me realize it is not.
The online version of Merriam-Webster dictionary defines bitcoin as a digital currency created for use in peer-to-peer online transactions introduced in 2008 by a person or group using the name Satoshi Nakamoto. Said to be a form of virtual currency or money that exists mainly as computer code with no central issuing authority, I realized that it is very much unlike the coin engraved by my schoolmate Yannie Rumbaoa who works at Bangko Sentral ng Pilipinas. Merriam-Webster further adds that Bitcoin is backed by no government and has a fluctuating value linked in part to a scarcity that is mathematically predetermined.
Unlike other forms of digital cash, Bitcoin is truly untraceable and therefore, like cash, cannot be recovered if lost or destroyed. Further discussions at the global scene ventilates that cryptocurrency cannot be considered as securities. According to www.cointelegraph.com, the Securities and Exchange Commission of the United States is set to investigate the cryptocurrency market and investment facilities related to Bitcoins in order to reveal any illegal actions, such as selling securities under the guise of tokens. For these rainy days, I might as well polish my coin collections and plan how I can find it a place in my Media Newseum archives.