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What do you do when you buy Bitcoin from a "specialist" who takes your money and strings you out for two months with excuse after excuse? He promises to give your money back and just keeps making excuses about "not being able to get your money out". Does this sound familiar to any body?

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Sounds very much like a scam.bitcoin is extremely high risk investment as are all the other crypto currencies.hope this was explained to you.

Not helped by local businesses advertizing seminars with so called experts. They dont exist in these markets.

Anyway am off to check on my ostrich farm investment !!

 

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We have been presenting discussion groups about monetary creation and policy since fall 2017 in an effort to inform ourselves and others about the trends in economics. We started off discussing the very important book about the Federal Reserve by G. Edward Griffin entitled "The Creature from Jeykell Island". We found that people are eager to talk about the best ways to protect their savings and leave something for their kids. If you don't understand how money is created and by whom and what its backed with, you're in big trouble. We all have to educate ourselves and diversify our investments ,but not invest more than we can afford. It seemed a natural development to go from discussing fiat currency-- the dollar, euro, etc. --that are backed essentially by nothing, to Bitcoin and cryptocurrencies. These are not a scam, but a new way to think about money and how to get it to work for you and not for the 1% like the stock market and the manipulated gold/silver market where they are 300% more on paper than there is supply.

We have known Samy for 3 years after hearing him speak at Anarcopulco with Jeff Berwick, the Dollar Vigilante. If you have a suggestion of someone you think is more knowledgeable about the subject, we'd be glad to invite them to speak. We neither encourage nor discourage anyone from investing with him or anyone else, in fact he has shown people how to access the exchanges and wallets themselves. We have people coming to the meetings that have no knowledge and want to learn more, and people who already have a wallet and are know more than we do and are happy to share their experiences both good and bad. Everybody is welcome. The next meeting is March 23rd at 4pm.

We don't believe that Niki has been to any of our meetings although she is a friend. She, and a lot of other people got caught up in a buying frenzy in December 2017 when the exchanges were clogged up by corporations and investors who were buying up Bitcoin,etc in anticipation of Cryptocurrency futures being offered on the CME starting January 2018. They drove the price up so they could sell short....and in the process kept a whole bunch of peoples' transactions from going through smoothly. We hope that Niki will soon be made whole. 

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4 hours ago, cafemediterraneo said:

...

We don't believe that Niki has been to any of our meetings although she is a friend. She, and a lot of other people got caught up in a buying frenzy in December 2017 when the exchanges were clogged up by corporations and investors who were buying up Bitcoin,etc in anticipation of Cryptocurrency futures being offered on the CME starting January 2018. They drove the price up so they could sell short....and in the process kept a whole bunch of peoples' transactions from going through smoothly. We hope that Niki will soon be made whole. 

I don't know your relationship to the OP, but it seems strange to read your comments on someone's else financial business on a public forum.

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3 hours ago, Sea said:

I don't know your relationship to the OP, but it seems strange to read your comments on someone's else financial business on a public forum.

We only responded to the information that Niki provided in her post, although she has confided more we didn't think it was appropriate to include such. We don't know who OP is,so that's our relationship.What is your interest in this topic?

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The "specialist" is scheduled to return another portion of my money tomorrow, Tuesday at noon. Stand by for the next likely BS excuse for keeping my money longer. And please note that I have not named the "specialist". I know of at least two others who he has done this to. If you have had a similar experience, please contact me.

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1 hour ago, gringal said:

One more try: Does the speaker at this meeting sell Bitcoin?

No Bitcoins are sold at the meetings,but if you are interested you may contact him on your own. Otherwise he will tell you where to find the online sites that are easiest and safest to use or help you set up a wallet for yourself. We've known him for 3 years and are happy with all of our interactions with him,but your experience may differ just like with doctors, lawyers, stockbrokers,etc.

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There are far better crypto currencies other than bitcoin. Anyone who buys it without understanding it in my opinion is "nuts".  It is not asset based whatsoever and you can buy it on a platform and not use anyone. My son traded in bitcoin and made a small fortune . He is a software engineer quite educated in cryptocurrency Bought it in the hundreds but sold too early and he lives in silicon valley and many his tech friends bought close to the top and are losing their homes, all their monies and even their marriages.. Ever since it Hit Comex the market makers and day traders have taken over. Also China and South Korea were heavy into bitcoin and curtailed trading  which precipitated the massive drop which coincided with the stock market drop. It still can go much higher but the risk reward for a newbie is beyond ridiculous and downright stupid (sorry).  When it was in the hundreds of dollars I can recall one trade went from 100 to 1,000. People should stick with what they know and even regular stocks are being traded by programmed algorithms that can do tens of thousands of trades per minute. No place for the retail investor anymore unless you are in index funds. The whole freaking market is corrupt and the SEC knows it.  https://seekingalpha.com/article/4135063-bitcoin-will-mimic-1989-junk-bond-crash

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Good information, Michael!

 

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20 hours ago, TelsZ4 said:

The reason they give these seminars is to suck people in to buying something..  They always advertise "We don't sell anything here".  But they let you know if you contact them tomorrow you can buy then.

The only thing we sell is food and a place where people can get together to share ideas and experiences. There is no product, just information. 

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1 hour ago, gdl80 said:

You can buy bitcoin online yourself through companies such as coinbase. You don't need to give your money to a 'specialist'.

Use google to do your own research.

Very good point..  Do your own research.  Dont give your money to these so called specialists who are holding seminars everywhere these days.

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