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Bitcoin explained 6 years 1 month ago #144548

  • Leather Stops
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A lot of monkeys lived near a village.
One day a merchant came to the village to buy these monkeys!
He announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?
Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey.
This news spread like wildfire and people caught monkeys and sold it to the merchant.
After a few days, the merchant announced that he will buy monkeys @ $200 each.
The lazy villagers also ran around to catch the remaining monkeys.
They sold the remaining monkeys @ $200 each.
Then the merchant announced that he will buy monkeys @ $500 each.
The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got $500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ $1000 each.
He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.
Then the employee told them that he will sell some monkeys @ $700 each secretly.
This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a $300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came. Then they ran to the employee.
But he has already left too.
The villagers then realised that they have bought the useless stray monkeys @ $700 each and unable to sell them.

The Bitcoin is the next monkey business

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Bitcoin explained 6 years 1 month ago #144549

  • BC
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Leather Stops wrote: A lot of monkeys lived near a village.
One day a merchant came to the village to buy these monkeys!
He announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?
Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey.
This news spread like wildfire and people caught monkeys and sold it to the merchant.
After a few days, the merchant announced that he will buy monkeys @ $200 each.
The lazy villagers also ran around to catch the remaining monkeys.
They sold the remaining monkeys @ $200 each.
Then the merchant announced that he will buy monkeys @ $500 each.
The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got $500 each.
The villagers were waiting anxiously for the next announcement.
Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ $1000 each.
He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.
Then the employee told them that he will sell some monkeys @ $700 each secretly.
This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a $300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.
The villagers took care of their monkeys & waited for the merchant to return.
But nobody came. Then they ran to the employee.
But he has already left too.
The villagers then realised that they have bought the useless stray monkeys @ $700 each and unable to sell them.

The Bitcoin is the next monkey business



hahaha...you could be right LS but the rise of cryptocurrencies and a subsequent fear of missing out has made some people a lot of money.

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Bitcoin explained 6 years 1 month ago #144562

  • 58shark
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And it has also probably made a few paupers. Nothing can beat bricks and mortar
2x25= Seinor and Michael = 1xBrian Peake

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Bitcoin explained 6 years 1 month ago #144564

  • DD
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With the initials BC I would have thought you are the guru on cryptocurrencies BC. Maybe you are a visionary? Looks like all that time worshipping the Dali Lama is paying off.
Get on your bike.
It was Adam and Eve not Adam and Steve.

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Bitcoin explained 6 years 1 month ago #144574

  • BC
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no mate ...invested in Ripple instead...made a few bucks but not about to retire to the Riviera any time soon. ;-)

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Bitcoin explained 6 years 1 month ago #144604

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So where can I get some monkeys??

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