An option is a contract to that gives the holder the right to buy or sell currency at a pre-determined price at a specific price. The holder of the contract has the right to exercise the option but is not obligated to. Options are used as a hedge in FOREX transactions; they are frequently used by companies that trade in oversea goods to reduce their risk.
Some people have also asked about buying ONG Token s on eBay. Yes, it is possible, but they will be far overpriced. So, selling on eBay might seem to be a better option given the extreme markup over market value you might see. But, as with anything that is too good to be true, this is too good to be true. As I will explain in the next section, selling bitcoin this way is just way too risky.
The first thing you will want to do is handle as much at the start as possible. That means doing responsible things such as switching currency when it is necessary, viewing maps of the region, leasing a car, booking a flight, and choosing a hotel that satisfies your demands. As luck would have it, most of these tasks have become more convenient and cheaper through the world wide web, so before getting in the car and driving, you can save some money by looking for deals on the internet.
Several years ago I gave a presentation to the annual gathering of CIO’s at Boeing in Southern California. As the top CIO was leading me into the conference room she told me that the building itself has an interesting history. Originally an orchard grove for oranges, the building was first used as a giant manufacturing facility for the production of airplanes. When the demand for planes was reduced, the building was divided into floors, offices and cubicles and people spent their workdays in front of computers producing, refining, defining, revising, discussing, an communicating ideas. Ideas for new planes. Ideas for improving production of planes. Ideas about related projects that had something to do with planes. One piece of land, three economic paradigms.
It is in the government’s interest to create inflation through excessive expansion of the money supply, in order to pay off its obligations of accumulated debt, such as employee pensions, Medicare and Social Security, in worth-less dollars.
The pictures were important because most people alive then could not read. These first printing press books are called incunabula. They represent a paradigm shift that ultimately effected everything – your work, your play, your family, your thoughts, your life.
If money isn’t money anymore, and money is essentially debt, what do we do? Understand first that money is also currency, from the Latin origins meaning “something that moves”. I just made that up. But, it has to move nonetheless. Like water, money becomes stale and even poisonous if it isn’t allowed to move. Money is moving, working, when it is invested. Money only begets money when the holder knows how to beget money. Money is not moving or working when it is saved in a bank account or a GIC while inflation eats away at it.