Doc,
We have already previously established-- in a prior conversation-- that Bitcoin cannot be counterfeited. Impossible.
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Everyone Else,
Bitcoin cannot be "printed" either, in any way. (With "printing" meaning "copied/counterfeited/faked")
(One can have what's called a "paper wallet" however I advise AGAINST this for newbies. If you don't know how to sweep a paper wallet properly you can lose your unspent funds. No one else gets them, they are just irretrievably lost, like if you lost your wallet down a sewer grate or if it fell out of your shorts pocket while in the ocean.)
Bitcoin *can* be pumped, just like any stock company, by good news and dumped on bad news (the Cryptopia exchange hack that happened last week; rumours that this country or that country will try to ban it, etc.)
I've already come to the conclusion shortly after joining iHub that the majority of people on this **stock** board are not familiar with or educated on the basics of cryptocurrency. Not a slam-- it's just obviously apparent from reading the commentary here. Me, I've mined Bitcoin and other cryptos for over 6 years which is akin to decades in Crypto-time. I've taught crypto information class-room style as well.
An analogy would be like going to a ticker symbol page and reading that a stock company is issuing paper certificates that investors can go and redeem in grocery stores and gas/petrol stations. If anyone here read that they would
1) know INSTANTLY that the writer is grossly uninformed about how stocks work
and
2) make it a point to not pay attention to much else that comes from the poster/posters of such information.
For the reasons above I don't come here and read what's written often like I used to: now I only pop in sporadically after reading a relevant news story. What I won't let happen though are outright wrong generalizations that will lead people astray.
There is enough bad information out there being circulated on purpose-- misinformation hurts stocks, as people here can understand. It also hurts cryptocurrency and people who are genuinely interested in what it is, how it is created, how it can be used and what has to offer in contrast to government/state-controlled fiat banking systems.
If someone wants to know about Crypto basics, the information is out there, EVERYWHERE. That person can easily take a few hours to do proper DD on Bitcoin, Ethereum and crypto in general. To everyone reading this post, do NOT get your cryptocurrency info from this board. People here really don't know the difference between a Bitcoin and a Britcoin.
(That's a real crypto, btw. ;) )
