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 Crypto currencies. 
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William Clay Ford Sr.
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Post Crypto currencies.
Let me start by admitting a simple fact about the US Dollar as well as most crypto currencies. They are backed by sailboat fuel.

But, I have found 1 in the Initial Coin Offering stage that is different. It is backed by High Value Real Estate. That makes it more reliable than the US Dollar.

An Initial Coin Offering is the Crypto world's version of Wall Street's IPO.

Right now, you can buy each coin for 85 cents until they have sold 10 million of them. Then the discount gradually gets less until they have sold 30 million coins. At that point, every coin is worth $1. So, if you buy 1000 coins when they are 85 cents each, you automatically increased your money by $150 by the time the coin starts trading on the coin exchanges. And it will increase in value from there.

Go here and check it out. https://101recoin.com/en/referral/3879f51d4f28b9


August 15th, 2017, 11:34 pm
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QB Coach - Brian Callahan

Joined: September 13th, 2007, 12:43 pm
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Post Re: Crypto currencies.
It sounds like a scam to me. A quick Google search returns this:

https://bitcointalk.org/index.php?topic=2054127.0


August 16th, 2017, 12:48 am
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William Clay Ford Sr.
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Post Re: Crypto currencies.
Blueskies wrote:
It sounds like a scam to me. A quick Google search returns this:

https://bitcointalk.org/index.php?topic=2054127.0


Some say it is. Some say it isn't. There are some people bound and determined to prove every crypto, except there own, is a scam.


August 16th, 2017, 8:47 am
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QB Coach - Brian Callahan

Joined: September 13th, 2007, 12:43 pm
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Post Re: Crypto currencies.
Don't put any more money in than what you'd comfortable with losing at the casino.


August 16th, 2017, 4:56 pm
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William Clay Ford Sr.
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Post Re: Crypto currencies.
Blueskies wrote:
Don't put any more money in than what you'd comfortable with losing at the casino.


Of course. There is always risk in every investment.


August 16th, 2017, 11:44 pm
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QB Coach - Brian Callahan

Joined: September 13th, 2007, 12:43 pm
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Post Re: Crypto currencies.
That doesn't mean anything at all. There were plenty of tech stocks that in 99/00 that ran up thousands of percentage points, then crated to nothing.

The whole crypto currency movement seems like a vague scam to me. Like some kind of bizarre, bubble mania. It seems pretty reminiscent of the tech stock bubble in a lot of ways. There's obviously a lot of promise around block chain technology, but most of these coins are backed by absolutely nothing, with no intrinsic value. Certainly, there is some value in being a medium of exchange for the world's drug dealers, etc. but it's not clear which of these coins, if any, will emerge as the long-term winner. Bitcoin seems like the obvious favorite, but who knows. It's a very young and very rapidly advancing technology. 99.99% of these coins are going to be absolutely worthless in a few years.

If you're familiar with the Dutch tulip mania, there was a time, just a few hundred years ago, when tulip bulbs were going for thousands of dollars. It seems so silly today, but I can imagine a future world where people laugh at the nuts who were spending thousands of dollars on worthless computer files.

I have a friend who is a bartender tell me he just bought some Bitcoin the other day. There's an old saying that says, when your taxi driver is starting to give you stock picks, it's time to sell. When the truck drivers and bartenders of the world are buying into crypto currency, it's time to get out.


August 17th, 2017, 2:33 am
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William Clay Ford Sr.
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Post Re: Crypto currencies.
Blueskies wrote:
That doesn't mean anything at all. There were plenty of tech stocks that in 99/00 that ran up thousands of percentage points, then crated to nothing.

The whole crypto currency movement seems like a vague scam to me. Like some kind of bizarre, bubble mania. It seems pretty reminiscent of the tech stock bubble in a lot of ways. There's obviously a lot of promise around block chain technology, but most of these coins are backed by absolutely nothing, with no intrinsic value. Certainly, there is some value in being a medium of exchange for the world's drug dealers, etc. but it's not clear which of these coins, if any, will emerge as the long-term winner. Bitcoin seems like the obvious favorite, but who knows. It's a very young and very rapidly advancing technology. 99.99% of these coins are going to be absolutely worthless in a few years.

If you're familiar with the Dutch tulip mania, there was a time, just a few hundred years ago, when tulip bulbs were going for thousands of dollars. It seems so silly today, but I can imagine a future world where people laugh at the nuts who were spending thousands of dollars on worthless computer files.

I have a friend who is a bartender tell me he just bought some Bitcoin the other day. There's an old saying that says, when your taxi driver is starting to give you stock picks, it's time to sell. When the truck drivers and bartenders of the world are buying into crypto currency, it's time to get out.


You do realize the US dollar is backed by the same thing as most crypto currencies don't you? Guess what about 75% of the US dollars are? Digital money. Computer code. The paper money you see, is only roughly 25% of our nations money supply.

And by the way, screw you with your belittling me. Apparently, you think all truck drivers are dumber than a box of rocks. I have been an electronics technician in the past. In the military, I repaired satellite/microwave radio equipment.


August 17th, 2017, 1:45 pm
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William Clay Ford Sr.
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Post Re: Crypto currencies.
And another thing. There are a hell of a lot of people you consider to be idiots that have made millions of $ because they bought into new cryptos early on when they could get them at a discount.


August 17th, 2017, 1:57 pm
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QB Coach - Brian Callahan

Joined: September 13th, 2007, 12:43 pm
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Post Re: Crypto currencies.
Three thngs:

1. I didn't mean to belittle you. I'm truly sorry it came off that way. Just as I mean no disrespect to my close friend who is a bartender. The point is merely this: People who are professional investors, who work for Goldman Sachs or major hedge funds or whatever, and work on Wall Street and look at investments 80 hours a week, every week, are phenomenally bad at picking investments. Just horrible. You have hedge funds full of some of the smartest people on the planet. Harvard education, etc. 90% of them lose money.

When they can't even successfully pick investments, but the common, blue collar worker is ready to pitch you the next get-rich-quick scheme, it's a major red flag.

2. Lots of people made millions in the tech stock bubble. Most of it was on paper, and when the crash happened, all their money disappeared. That said, a few smart people did manage to find a chair before the music stopped playing.

3. The US Dollar is backed by the US military and the IRS. You want to trade oil? You have to do it in dollars. You want to make money in the US? You have to cut the IRS a check every year. If you don't do either, some scary people with guns are going to show up at your door. That is what gives the US Dollar value.


August 17th, 2017, 2:19 pm
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William Clay Ford Sr.
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Post Re: Crypto currencies.
Apology accepted. I am sorry I got so mad about it.


August 17th, 2017, 6:41 pm
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QB Coach - Brian Callahan

Joined: September 13th, 2007, 12:43 pm
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Post Re: Crypto currencies.
Sorry man:

https://www.coindesk.com/sec-charges-pr ... al-estate/


September 30th, 2017, 3:51 pm
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William Clay Ford Sr.
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Post Re: Crypto currencies.
Well, you win some. You lose some. Sounds like I might be getting some of my money back. I only bought $85 worth. I've lost more than that in single minute on the stock market.


October 1st, 2017, 9:07 am
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William Clay Ford Sr.
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Post Re: Crypto currencies.
I just got the following message in an email:

Hello,

You purchase has been refunded.

In 5-10 days you will receive your money back.

Sorry for any inconvenience.

Sincerely yours,
REcoin Team


October 2nd, 2017, 6:31 am
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William Clay Ford Sr.
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Post Re: Crypto currencies.
My money is back in my bank account today. I don't really think the REcoin group was a scam. They cooperated with the investigation and refunded everyone's money quickly. I just think they were poorly set up which led to people that are more in the know about cryptos than I am to suspect they were a scam.

But, I got my money back. So, all is good. Already reinvesting it in a stock on Robinhood.


October 4th, 2017, 8:00 am
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