Thanks Thanks:  0
Likes Likes:  0
Dislikes Dislikes:  0
Results 1 to 3 of 3
  1. #1
    Technician rbazan's Avatar
    Join Date
    Dec 2013
    Bronx, NY
    Rep Power

    Who is investing in Bit Coins-

    Is anyone investing in Bit Coins- is it safe?

  2. #2
    Service Manager 1,000+ Posts
    Who is investing in Bit Coins-

    SalesServiceGuy's Avatar
    Join Date
    Dec 2009
    Nova Scotia
    Rep Power

    Re: Who is investing in Bit Coins-

    Great topic!

    I know a guy who has bought three Bitcoin miner/computer machines. I do not fully understand it but I know these machines use a lot of electricity.

    I have seen Youtube videos of hundreds of BitCoin miner machine in one shed in China. And then the camera pans out to reveal five sheds.


    It is hard to spend Bitcoins on real things.

    Supposedly the returns have been fabulous but depending on when you got in you might be late to the party.

    There was a news story where BitCoin was hacked!

    Mt. Gox - Wikipedia

    It is basically a casino. If you are thinking about it and can not stand to lose $10k walking around money, 151%, of course, it is not safe! Do not be a schmuck!

    20 years ago I was at the great casino of the American stock market. I lost $60,000.00 USD in two days on a stock called Broadcom. I was margin called and forced to sell. You know how long that takes to pay that off at $500.00 per month! 10 years!


    Last edited by SalesServiceGuy; 01-13-2018 at 03:50 AM.

  3. #3
    Senior Tech 100+ Posts
    Who is investing in Bit Coins-

    Ratchet2501's Avatar
    Join Date
    Mar 2017
    Vernal, Utah
    Rep Power

    Re: Who is investing in Bit Coins-

    I wish I could remember the author of the article but there was a report recently of a guy who made a mistake and to "clean up his mess" he deleted a ton of data related to bitcoins costing a lot of folks a lot of money. No thanks. I know for a fact that there are ways of making crypto currency work and make real money but that's too much time and capital for my tastes.

    Edit: found the article.

    '$300m in cryptocurrency' accidentally lost forever due to bug | Technology | The Guardian

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Get the Android App
click or scan for the Copytechnet Mobile App


IDrive Remote Backup

Lunarpages Internet Solutions

Advertise on Copytechnet

Your Link Here