12 votes

BlockChain.info Investments? Sounds like a scam

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 ...
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9 votes

BlockChain.info Investments? Sounds like a scam

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 ...
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  • 191
8 votes

Should I start to buy OneCoin?

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
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7 votes

Losses when trading with bitcoins

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 ...
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6 votes
Accepted

What are the Pros/Cons of investing in the Bitcoin ETF vs. bitcoins yourself?

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 ...
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5 votes

Trading Bitcoins through binary miner

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,...
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  • 16.5k
4 votes

Telegram channels can pump a coin by 50%-200%

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 ...
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4 votes

How to you recover a stolen bitcoin lost to an investment scam?

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 ...
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3 votes

Should USD savers be concerned about the rising popularity of cryptocurrencies?

Considering that the US dollar has lost 90% of its purchasing power over the last 100 years you should be worried regardless of cryptocurrencies.
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  • 54
3 votes

Is it safe to invest $100 Million in Bitcon

I suggest you instead spend some of that on a financial planning expert.
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  • 360
3 votes

Should I start to buy OneCoin?

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. ...
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  • 31
3 votes

Trading Bitcoins through binary miner

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 ...
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2 votes

Losses when trading with bitcoins

No you cannot lose money that you do not invest. The only exception to this rule is if you are trading on an exchange that offers the ability to short the market. (take a loan)
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  • 2,640
2 votes

What are the Pros/Cons of investing in the Bitcoin ETF vs. bitcoins yourself?

ETF BTC Fees expense ratio, trading, and commission transaction fee Taxes IRA/401K protection post-tax, and capital gains? Liquidity ...
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  • 161
2 votes

What's a better investment? Buying an ASIC-based mining rig, or buying bitcoin itself?

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 ...
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  • 21
2 votes
Accepted

Where does the term HODL come from?

There term originated as a forum post in December 2013 as - what I can only assume to be a drunk day trader. That is holding his coins as the price is crashing. I don't think it was intended to mean "...
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  • 111
2 votes
Accepted

Should USD savers be concerned about the rising popularity of cryptocurrencies?

Let's compare the total size of circulating BTC to US dollars. According to coinmarketcap.com, the total value of all Bitcoin is 250 billion as measured in US dollars. Throw in Ethereum, Bitcoin Cash, ...
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  • 146
2 votes
Accepted

Does my money still grow if I have it in Coinbase Vault?

The amount of cryptocurrency you deposited into the 'Coinbase Vault' will remain the same (unless there are some fees levied by Coinbase for the storage, etc). So if you put 1 bitcoin in, later you ...
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  • 17.4k
2 votes
Accepted

How do new Cryptocurrencies prevent a 51% attack?

One possible reason to not attack a coin with weaker security is the lost opportunity cost. In order to attack a network, the attacker will need to devote hashing power to the attack. If they did ...
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  • 17.4k
2 votes

How to determine if a cryptocurrency has a promising future?

Whenever I am looking into an ICO, there are some things I generally take into consideration. 1. Team -Make sure the team is real, and verifiable. Check linkedin, or other sites to verify the teams ...
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2 votes

Invest 100USD in BTC and BTC went down by more than 100USD. How much I lose? Can I hold? how long?

You have 100 USD. The current BTC price is 40000 USD/BTC. You buy 0.0025 BTC. This costs you 0.0025 BTC * 40000 USD/BTC = 100 USD. You now have 0 USD and 0.0025 BTC. You don't owe anybody anything. ...
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2 votes
Accepted

How do institutional investors prevent theft by employees

If the company follows good security practices no single person would have access to the cold wallet where 90+% of the funds would be stored. There might be single employees with access to the hot ...
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  • 3,235
2 votes
Accepted

How to send Bitcoins to "anyone"?

But how can I sell Bitcoins without knowing someone who is interested, so without specifying a particular address? You can't. You first need to know who you're selling to if you're trading directly. ...
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1 vote

Colobit LTD looks like Bitpetite! Anyone have any experience with them?

Is ColoBit a Ponzie scheme? It's a scam of some sort, probably akin to a Ponzi scheme. thought I'd be the first to sign up and get out before everyone else jumped in. Perhaps you knew what you ...
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1 vote

Should USD savers be concerned about the rising popularity of cryptocurrencies?

Move some of your savings into Bitcoin or etherium simply as insurance against hyperinflation. BTC is not the threat to fiat currencies; Bitcoin is the lifeboat away from fiat currencies when they ...
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1 vote

Selling Bitcoin

The withdrawal limit is not the trading limit. There is no trading limit. You can sell 50% and your account will be credited with the proceeds. Then you withdraw 8000 GBP per day until you've ...
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  • 2,560
1 vote

What are the pros/cons of this strategy

I believe if you buy those coins under a BTC base and when they are very low price would be better. But considering BTC is growing fast every year, I would just keep my holdings in BTC. Much safer.
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1 vote

What are some resources for non-tea-leaf cryptocurrency trading strategies?

I've been trading on Poloniex for about 8 months now and Ill tell you what I've learned about trading crypto-currency: There really is no method to the madness. You can try to follow trends, you can ...
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1 vote

Volatility-reducing investing strategies in Bitcoin?

localbitcoins - cheap - spread cost min 2.5 % + 1 % (transaction fee) but more time and your work. Big market. Bitpay (used by Airbaltic company) - easy, but more expensive. Waiting for better ...
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