12

It seems obvious to me that this is a scam. No legitimate investment in the world can guarantee a rate of return of 20 percent per day. At that rate, with a 5 btc initial investment, you'd own all the bitcoins in existence after 81 days. And after 15 months, you'd have this much. But you may want to contact blockchain.info directly; there is a contact link ...


10

Disclaimer: At the time of this writing, I am a shareholder with ASICMiner. Also be aware that the Bitcoin stock market is, like Bitcoin, very immature and not regulated. The risks involved are far greater than for a traditional stock market. Like @Steven Roose just wrote, you can buy Pass-Through (PT) shares through two separate stock exchanges, BTC-TC ...


9

Obviously, he is a scammer trying hard to look similar as the Blockchain's Official Investment scheme but there isn't anything like this ever before. Many scammers are there, one of the most luring advert is 'Earn through Bitcoin Mining from Antminer(S9)'. In the name of Antminer(S9) many persons reaching out through various social platforms to you and ...


8

Onecoin is not only a scam it is a criminal organization. The have stolen a lot of money from their customers. http://rettit.no/mrbitcoin/index.php?title=OneCoinSCAM


7

Yes, absolutely. Here's just one example of how this can happen: You invest Bitcoins worth $100 in some kind of high interest scheme. You cash out of the scheme and get Bitcoins worth $200. You invest those Bitcoins. You lose them. The high interest scheme turns out to be a Ponzi scheme. You are sued to clawback the $100 value of the Bitcoins that were ...


6

When you say "I won't have to worry about the security of my coins"... I think you've got this backward. There's nothing more secure than a paper wallet that has been generated offline. Bitcoin was created as a way to avoid the need to trust a third party. If you don't believe that's necessary, then you're just trading it hoping to make USDs, not because ...


5

Mining was never supposed to be profitable. And it's a derivative of bitcoin which is already risky speculation. Don't add the extra, annoying risk-without-an-upside of wondering whether BFL will ship your machine in time to turn a profit. Even they state that there's no guarantee that their machines are profitable. If you are sure that the price of ...


5

A hash is a function that takes a string as an input, does a transformation of it, and returns a second string that's considerably shorter than the original and that could be considered is the "resume" of the original. You can check Wikipedia's Hash definition Hashes are required for "mining". I'm new to Bitcoin so I may describe this wrongly: As part of ...


5

Their homepage advertises them as: WORLD'S BEST RISK FREE FOREX, BINARY AND BITCOIN INVESTMENT Any entity that advertises any form of trading as risk free is a scam. Essentially all binary options, mining investment, "automated trading" platforms are scams in the crypto space. The only legitimate way to make money here is to (correctly) speculate ...


4

Originally, ASICMiner sold share on GLBSE, a Bitcoin stock exchange that has already closed it's business. Currently, you can buy their shares both on BitFunder and BTC Trading Corp.


4

On the whole, there is no minimum investment for Bitcoin, as it is not a security such as an ETF or mutual fund purchased through a brokerage or management firm. What minimum purchases exist on Bitcoin exchanges are merely requirements set by each individual exchange to reflect the minimum purchase/sale that they feel is necessary to cover their overhead ...


4

Most of these so called pump and dump groups are illegitimate or downright scams. They usually only work for the inner group and the promoters who want to get you to join. The scam works by buying the coin a few days earlier and then announce that you should buy the coin at a later time...the people like you try to buy the coins and then the promoters dump ...


4

How to you recover a stolen bitcoin lost to an investment scam? how do you manage to get them back? Generally you don't. Take MtGox as an example. It is believed that a very large amount of money was stolen. so far as I know, none of that has been recovered. A small amount was discovered that the MtGox staff had lost track of and last I heard this was to be ...


3

Keep in mind that funds held in a Bitcoin wallet carry considerable financial risk (compared to a savings account). The value of bitcoin can increase rapidly, but it can also drop rapidly. If you believe that long-term, the value of bitcoin will continue to increase, then bitcoin might be a good investment for you. However, the future is unknowable, and ...


3

The human mind can remember approximately 7 digits quickly and easily. That's how you can remember US phone numbers (sans area code) without even thinking about it. However, when it gets to 10 digits it starts to reach the limit of working memory, and 20 digits is definitely out for most people. Of course, if you actually spent the time to try to memorize it,...


3

Right now, it's not profitable to mine Bitcoins on anything that isn't an ASIC. GPUs still pay off if you mine Litecoins, but then the mining scene over there is getting crowded as well - so you may end up just recovering your costs. There are plenty other crypto-coins, some of which are much more profitable to be mined with a graphics card than others. At ...


3

For $2800 (the price of Monarch 500GH/s, as of 23 Dec 2013), and $4680 (the price of Monarch 600GH/s, same date), you might as well purchase a 1TH/s mining hardware, such as from VMC, or CoinTerra. The other alternative is to use these mining hardware to mine some other altcoin, instead of Bitcoin, and hope that the other altcoin would come to prominence ...


3

For me the Best solution is to mine Scrypt based currencies like Litecoin etc. You can mine them easily with common Graphic cards which are easily available. You can than trade these currencies for Bitcoin if you want. It will probably take more than a year before first Asics for Scrypt will be available. So you still have some time left. Even when asics ...


3

There hasn't been a definitive survey of the venture Capital industry but Boost VC has made several bitcoin investments. Its founders Adam Draper and Brayton Williams are responsible for organizing the Boost Bitcoin Fund which several venture capital firms are participating in. There are also currently 7 bitcoin companies in their 2013 class of startups.


3

Most exchanges have no minimum deposit however there are per-transaction fees which make smaller deposits uneconomical. The cost to deposit funds varies based on each exchange and each country.


3

Onecoin is a scam. One of my friends became involved in onecoin and invited me to meet with her to discuss this "amazing business opportunity". I went to meet her, and a 'colleague' of hers arrived. Needless to say, the next half an hour was very much the hard sell; lots of jargon, false rapport building, must be done now or its too late talk. I reported ...


3

I suggest you instead spend some of that on a financial planning expert.


3

Considering that the US dollar has lost 90% of its purchasing power over the last 100 years you should be worried regardless of cryptocurrencies.


3

I dont really understand how binary options work My principle is don't invest money in things you don't understand thoroughly. From all I have read, binary options are always either a scam or incredibly risky and stupid. i dont really know what to check against the company before I give them my money to trade for me. I wouldn't invest any money in any ...


2

I think this is a subjective question. Just because we are bullish and are expecting growth in users, does this mean we will see a rise in price? Not necessarily from my view as I dont think price always indicates a rise in popularity and usage. Price indicates there are more users buying than selling, however a price decline indicates more users willing ...


2

The proceeds of mining are the 3,600 BTC daily (at current levels, which will drop to 1,800 BTC per-day in late 2016). All miners combined, no matter how many exist, are competing for these 3,600 BTC. This sets an upper limit to how much mining can occur at a profit. If someone wishes to expand by putting "billions" into mining going beyond the ...


2

The Bitcoin network automatically adjusts "difficulty" to produce a block every 10 minutes on average. As the difficulty rises it takes many more hashing attempts to find a block, so no matter how many exaflops in the network (we are already over 1) the number of coins will still be around 3600 daily (until the reward halves again.) The only advantage to ...


2

ASICMINER management (generally friedcat on Bitcointalk) keeps records of all ownership of shares in their database. The only way to confirm ownership is either through friedcat's acknowledgment or by receipt of dividend payments. Share owners' bitcoin addresses are tied to their shares for dividend payouts. If a share owner wants to transfer his ownership ...


2

Yes, holding them in your wallet is pretty much the thing. Also, remember to backup and secure your wallet. It may be hard to win the game, but it's very easy to lose it with a hard drive failure.


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