Another central banks issues cryptocurrency warning

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Trickfinger 1 day ago#1 Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of payment in Indonesia. "The ownership of virtual currencies is high risk and prone to speculation because there is no authority who takes responsibility, there is no official administrator and there is no underlying asset to be the basis for the price," BI spokesman Agusman said in a statement issued late on Friday. Source: https://www.cnbc.com/2018/01/13/indonesia-central-bank-warns-over-cryptocurrencies.html I survived reading guys like you reportquote

JE19426 1 day ago#2 Trickfinger posted... Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of payment in Indonesia. They don't allow bartering? reportquote

apolloooo 1 day ago#3 JE19426 posted... Trickfinger posted... Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of payment in Indonesia. They don't allow bartering? Exchanges are cool, but using then to pay stuff is not.  So if if you have bitcoin, and you wanna buy a soap, you have to convert the bitcoin into IDR, then buy a soap with it. You cannot, as a buyer and the store as a seller use bitcoin as a transaction medium You still can however, buy bitcoin with idr, store it as investment and sell it to idr http://i.imgtc.com/iJyp6bF.png http://i.imgtc.com/ZBw36Qh.png Thanks for the peeps that made the pics <3 if i make typos it means i am on phone reportquote

BillWardsPants 1 hour ago#4 “Boo-fucking-hoo! Why are you investing your money in crypto, when you could be putting it into a worthless savings account?” As a wise man once said, "Fool me once, shame on...shame on you. Fool me... you can't get fooled again." reportquote

Trickfinger (Topic Creator)22 minutes ago#5 The cash app lets you buy BTC now. How much should I put in on that. I survived reading guys like you reportquote

beechesfreeman 15 minutes ago#6 People are catching on though. Theres really no reason for Bitcoin to exist and thats what got everything started. Even that blockchain stuff, we are already doing that stuff without crypto. The end could be near. Grandad Beaches Freeman reportquote

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