User Tag List

Page 2 of 2 FirstFirst 1 2
Results 16 to 23 of 23
Like Tree13Likes

Thread: Bitcoin - Know Anything About It?

  1. #16
    Banned
    Join Date
    Aug 2017
    Posts
    50
    Likes Received
    42
    Trading Score
    0 (0%)



    I am new to the game, but I believe that Bitcoinis just starting a journey of acceptance around the world. As I found out from the resources like http://entreresource.com/coinbase-alternatives/ , you do not need to spend thousands on a whole Bitcoin. You can buy a fraction of a Bitcoin, by spending a few quid. So personally I have invested relatively small sums in crypto for a while.

  2. #17
    CaLoonie
    Join Date
    Nov 2010
    Posts
    170
    Likes Received
    245
    Trading Score
    0 (0%)



    Quote Originally Posted by Angela273 View Post
    Hi Everyone.
    My husband asked me to post on here and find out if anyone is familiar with Bitcoin. Do you know anything about it? What is the mining like for it when you mine for coins?
    Thank you for your help.
    Angela
    >>

    mother of all scams. if it is so good, why is the basis of it recruiting more people? no rich man is going to tell regular folk how to get rich. google bitcoin pump and dump. stay away from bitcoin.

  3. #18
    CaNewbie
    Join Date
    Aug 2018
    Posts
    58
    Likes Received
    20
    Trading Score
    0 (0%)



    At its simplest, Bitcoin is either virtual currency or reference to the technology. You can make transactions by check, wiring, or cash. You can also use BTC, where you refer the purchaser to your signature, which is a long line of security code encrypted with 16 distinct symbols. The purchaser decodes the code with his smartphone to get your cryptocurrency. Put another way; cryptocurrency is an exchange of digital information that allows you to buy or sell goods and services.The transaction gains its security and trust by running on a peer-to-peer computer network that is similar to Skype, or BitTorrent, a file-sharing system. If you want to know more, subscribe to crypto signals group
    Last edited by natalieroi; Tue, Feb 26th, 2019 at 02:24 AM.

  4. #19
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,864
    Likes Received
    15162
    Trading Score
    20 (100%)




    When the 30-year-old founder of a Canadian cryptocurrency exchange died suddenly, he took the whereabouts of some C$180m ($135m; £105m) in cryptocurrency to his grave. Now, tens of thousands of Quadriga CX users are wondering if they will ever see their funds again.
    In 2014, one of the world's biggest online cryptocurrency exchanges - MtGox - unexpectedly shut down after losing 850,000 Bitcoins valued at the time at nearly $0.4bn (£0.3bn).
    Its meltdown shook investors in the volatile emerging marketplace - but the calamity at the Tokyo-based company proved a boon for a new Canadian online cryptocurrency exchange.
    "People like the fact we're located in Canada and know where their money is going," Quadriga CX founder Gerald Cotten said at the time.
    Some five years later, Cotten's sudden, untimely death has left thousands of his customers scrambling for information about their own missing funds.
    "We don't know whether or not we're going to get our money back," Tong Zou, who says he is owed C$560,000 - his life savings - told the BBC.
    "There's just a lot of uncertainty."
    This month, Quadriga - which had grown to become Canada's largest cryptocurrency exchange - was granted temporary bankruptcy protection in a Canadian court.

    https://www.bbc.com/news/world-us-canada-47203706
    Ciel likes this.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  5. #20
    Canadian Guru
    Join Date
    Mar 2010
    Location
    Canada
    Posts
    10,622
    Likes Received
    5550
    Trading Score
    46 (100%)




    Good only for trading. If you can get in low and get out high in a quick time, then maybe. Would definitely not hold it long term.

    Extremely risky, volatile, prone to hacks, scams etc. Some say even a ponzi scheme.

  6. #21
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,864
    Likes Received
    15162
    Trading Score
    20 (100%)




    Bitcoin pyramid scheme leaves Kenyans out of pocket after exit scam

    A Bitcoin-fuelled pyramid scheme from Brazil has pulled its inevitable “exit scam,” stealing tens of thousands of dollars from a number of Kenyan cryptocurrency investors.
    The scam, known as “Velox 10,” suddenly disappeared early this week. It apparent closed its website, making of with millions in Kenyan shillings contributed, Nairobi News reports. The domain is currently up for auction.
    mber 2017, the phony firm had been luring unsuspecting Kenyans into contributing money to its supposedly sound “Bitcoin $BTC▲3.15% investment fund,” under the guise continual dividends.
    Velox 10 founder, Ricardo Rocha, promised investors up to $4,000 in daily profits (the amount would depend on the “membership fee” paid). He even pledged to take the biggest contributors on an all-expenses paid trip to the United Arab Emirates for an exclusive meeting with “top global business gurus.”
    One victim was told she could earn up to 50-percent profits on her contributions, and that her revenue would increase if she introduced more people to the scam. Sound familiar? (Can I get yet another BITCONNNEECCTTT!?!).
    She unfortunately wired $3.2 million Kenyan shillings ($32K) to Velox 10, and filed a police complaint six months later when no return on investment was seen. She was also denied a refund.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  7. #22
    Sith Lady and Cool Kid Darth Penguin's Avatar
    Join Date
    May 2011
    Location
    In the verge of indecision
    Posts
    13,864
    Likes Received
    15162
    Trading Score
    20 (100%)




    Quadriga's cryptocurrency wallets empty,fate of $137 million in doubt

    The money was there — it was just locked away. At least that's what the QuadrigaCX cryptocurrency exchange had been saying, before an auditor revealed it had finally accessed digital wallets set up by Quadriga's late CEO Gerald Cotten — and that instead of holding $137 million, the wallets were empty, drained in 2018.
    Six "cold wallets" Quadriga used to securely store cryptocurrency offline were expected to hold millions. But they were emptied out in April, months before Cotten's death was reported, "bringing the balances down to nil," audit firm Ernst & Young says.
    The news furthers the frustrations of Quadriga's 115,000 users, who have been unable to withdraw their money — much of it in the form of bitcoin — from the troubled exchange. And in a new twist, an auditor says the company was also found to have created what look to be more than a dozen fake accounts.
    Quadriga has been under debt protection from its creditors since Feb. 5, by order of the Supreme Court of Nova Scotia. The court also appointed Ernst & Young to the role of monitor, to sort out how much money the exchange still has and where it should go.


    Short answer : no Long answer : NOOOOOOOOOOO!

    Welcome to the Penguinocracy..One Penguin, One vote..I am The Penguin..I have the One Vote

  8. #23
    CaNewbie
    Join Date
    Mar 2019
    Posts
    3
    Likes Received
    0
    Trading Score
    0 (0%)


    Oh, what a treasure! Many thanks for this list of useful resources, like them a lot. Recommend checking all links for everybody who wants to become a crypto expert. As I see, there aren’t specific websites focused on cryptocurrency mining, would be cool to add some.
    For example, reviews of crypto sites, comparisons, lists of crypto and bitcoin apps and crypto exchange.
    you may start here:
    https://cryptolinks.com/how-to-mine-bitcoin.
    Good luck in expanding the guide!

Page 2 of 2 FirstFirst 1 2

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •