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 ...
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
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
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
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
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
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
Regarding the liquidity trap concern:
The common and agreed upon solution is to allow a few more decimals in a bitcoin client update when the time comes.
Regarding calling it an investment:
All good, for some people it's not an investment but a belief in the idea.
Regarding calling it a bubble:
Value is what people are willing to pay, not set.
Everything ...
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
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.
2
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)
2
ETF BTC
Fees expense ratio, trading, and commission transaction fee
Taxes IRA/401K protection post-tax, and capital gains?
Liquidity broker hours seller/buyer demand
Minimums one share one satoshi + tx fee
Another way I would ...
2
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 "Hold On for Dear Life" but it has definitely grown to mean that as OP explains that there are three people, the losers (inexperienced traders) and winners(...
2
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, IOTA, Ripple, Monero, Dash, Bitcoin Gold and Litecoin, and you're at 350 billion US dollars. (Bitcoin makes up the sizable majority of all cryptocurrency.)
...
2
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 will be able to withdraw 1 bitcoin. The value of that 1 bitcoin (measured in USD) may change during that time, but you will still own the same amount (1 bitcoin).
2
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 not stage an attack, they could use that hashing power to mine a profitable coin instead. The benefit of the attack must at least outweigh the lost opportunity ...
2
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 identity.
2. Token allocation and funding
-Check their practices and see if they are common. Pundix’s ICO is a great example. Removing total investments as ...
2
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 wallets which are the ones that are doing the day to day transactions and when the hot wallets run low transfers from the cold to hot wallets would require ...
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