Litecoin - ProTeacher Community




      
Home Join Now Search My Favorites
Help


      Teachers' Lounge


Litecoin

>

Reply
 
Thread Tools
Bethany's Avatar
Bethany Bethany is offline
 
Joined: Sep 2005
Posts: 9,293
Senior Member

Bethany
 
Bethany's Avatar
 
Joined: Sep 2005
Posts: 9,293
Senior Member
Litecoin
Old 12-12-2017, 08:41 AM
  #1

Two times I've heard of Litecoin and when googling, I can't for the life of me understand what it is.

Anyone heard of this new thing? I'm completely clueless about what it is, but people are making serious money off of it...I think.


Bethany is offline   Reply With Quote

lil_bit's Avatar
lil_bit lil_bit is offline
 
Joined: Jun 2009
Posts: 522
Senior Member

lil_bit
 
lil_bit's Avatar
 
Joined: Jun 2009
Posts: 522
Senior Member
Bitcoin
Old 12-12-2017, 09:33 AM
  #2

It's actually called bitcoin. Apparently its a type of currency that people can buy. I'm not sure exactly of what it is, but I know people who have millions of dollars that they have made off of it. If anyone can enlighten further, I'd love to know more!
lil_bit is offline   Reply With Quote
MrHistory12 MrHistory12 is offline
 
Joined: Aug 2017
Posts: 162
Full Member

MrHistory12
 
Joined: Aug 2017
Posts: 162
Full Member
Interesting
Old 12-12-2017, 10:13 AM
  #3

https://www.investopedia.com/article...difference.asp

I've been curious about this too so before school this AM I found this article.
MrHistory12 is offline   Reply With Quote
TLC's Avatar
TLC TLC is offline
 
Joined: Oct 2005
Posts: 2,917
Senior Member

TLC
 
TLC's Avatar
 
Joined: Oct 2005
Posts: 2,917
Senior Member

Old 12-12-2017, 05:01 PM
  #4

It is one of the new currencies like bitcoin.
My 26 year old son is in the process of opening an account today.
His roommate from college has turned $8,000 into $110,000 in about 3 weeks!
TLC is offline   Reply With Quote
elspeech elspeech is offline
 
Joined: Jan 2013
Posts: 1,345
Senior Member

elspeech
 
Joined: Jan 2013
Posts: 1,345
Senior Member

Old 12-12-2017, 05:28 PM
  #5

I'll admit I don't get it. What is "covering" it? If I have "cash" it is the paper form of gold or silver, but what is bitcoin? It just seems too much like monopoly money, I can say I have it, but I can't actually do anything with it. I mean, can I "cash out" my bitcoins for actual cash that I can then spend?

TLC - that just seems too good to be true - it seems like there has to be some sort of catch.


elspeech is offline   Reply With Quote
GraceKrispy's Avatar
GraceKrispy GraceKrispy is offline
 
Joined: Jul 2007
Posts: 38,135
Blog Entries: 1
Senior Member

GraceKrispy
 
GraceKrispy's Avatar
 
Joined: Jul 2007
Posts: 38,135
Senior Member

Old 12-12-2017, 07:45 PM
  #6

I was wondering if you were talking about bitcoin. I saw that on a recent Big Bang Theory
GraceKrispy is offline   Reply With Quote
TLC's Avatar
TLC TLC is offline
 
Joined: Oct 2005
Posts: 2,917
Senior Member

TLC
 
TLC's Avatar
 
Joined: Oct 2005
Posts: 2,917
Senior Member

Old 12-16-2017, 04:49 PM
  #7

elspeech I feel like it is too good to be true too.
I think you need to be in on the ground floor for these things: facebook, microsoft etc.
One year ago Bitcoin was about $245 dollars a "coin".
A Bitcoin today is about $17,000
TLC is offline   Reply With Quote

Join the conversation! Post as a guest or become a member today. New members welcome!

Reply

 

>
Teachers' Lounge
Thread Tools




Sign Up Now

Sign Up FREE | ProTeacher Help | BusyBoard

All times are GMT -8. The time now is 07:20 AM.

Copyright © 2019 ProTeacher®
For individual use only. Do not copy, reproduce or transmit.
source: www.proteacher.net
6