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    • ObsolesceO
      Obsolesce
      last edited by

      It's pointless now to do your own, unless you build a warehouse of bitcoin mining servers.

      Otherwise, you will always spend more to mine them than you make from mining them.

      The only realistic way to get them at this point is to either buy them with real money, or sell something for bitcoins.

      I honestly do not see any point of Bitcoin unless you are interested in illegal goods or activities.

      CloudKnightC 1 Reply Last reply Reply Quote 1
      • CloudKnightC
        CloudKnight @Obsolesce
        last edited by

        @tim_g - I partly disagree, It will get used for illegal transactions (just like cash does) but online transactions, like hosting, could be deemed a bit safer (like paypal) you will not have to disclose your bank cards, just your wallet address. I have noticed that many online stores are starting to accept Bitcoins.

        1 Reply Last reply Reply Quote 0
        • LakshmanaL
          Lakshmana
          last edited by

          Changing Bitcoin into US dollars is illegal?

          scottalanmillerS 1 Reply Last reply Reply Quote 0
          • scottalanmillerS
            scottalanmiller @Lakshmana
            last edited by

            @lakshmana said in Bitcoin:

            Changing Bitcoin into US dollars is illegal?

            It's perfectly legal. Bitcoins just tend to be used for illegal purposes. They are primarily for people hiding their identities.

            1 Reply Last reply Reply Quote 0
            • LakshmanaL
              Lakshmana
              last edited by

              Why the people hiding the identities for using Bitcoin?

              scottalanmillerS ObsolesceO 2 Replies Last reply Reply Quote 0
              • scottalanmillerS
                scottalanmiller @Lakshmana
                last edited by

                @lakshmana said in Bitcoin:

                Why the people hiding the identities for using Bitcoin?

                Because of illegal activities.

                1 Reply Last reply Reply Quote 0
                • LakshmanaL
                  Lakshmana
                  last edited by

                  Whether the Bitcoin value is higher than US Dollar?

                  wirestyle22W 1 Reply Last reply Reply Quote 0
                  • ObsolesceO
                    Obsolesce @Lakshmana
                    last edited by

                    @lakshmana said in Bitcoin:

                    Why the people hiding the identities for using Bitcoin?

                    The only reason this ransomware stuff is a conceivable idea is because of bitcoin. If everyone had to send money to someone's bank account, it wouldn't work out lol. Instead, the criminals can hide behind their bitcoin wallet a lot easier.

                    1 Reply Last reply Reply Quote 0
                    • LakshmanaL
                      Lakshmana
                      last edited by

                      If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                      DustinB3403D scottalanmillerS 2 Replies Last reply Reply Quote 0
                      • DustinB3403D
                        DustinB3403 @Lakshmana
                        last edited by DustinB3403

                        @lakshmana said in Bitcoin:

                        If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                        Each wallet has a universally unique ID. So a person can create a billion wallets, all with their own unique ID. But still controlled by a single person.

                        1 Reply Last reply Reply Quote 0
                        • LakshmanaL
                          Lakshmana
                          last edited by

                          Investing money in Bitcoin is good for individuals or risk in life?

                          scottalanmillerS 1 Reply Last reply Reply Quote 0
                          • scottalanmillerS
                            scottalanmiller @Lakshmana
                            last edited by

                            @lakshmana said in Bitcoin:

                            Investing money in Bitcoin is good for individuals or risk in life?

                            That's just a general Forex question. Two basic rules:

                            1. ALL investing is a risk. It is the risk that makes profits possible.
                            2. FOREX investing is fast risk.
                            1 Reply Last reply Reply Quote 0
                            • scottalanmillerS
                              scottalanmiller @Lakshmana
                              last edited by

                              @lakshmana said in Bitcoin:

                              If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                              Not very safe. Bitcoin has announced that wallets made around this time might just vanish without warning, all money being lost.

                              LakshmanaL 1 Reply Last reply Reply Quote 0
                              • LakshmanaL
                                Lakshmana @scottalanmiller
                                last edited by Lakshmana

                                @scottalanmiller said in Bitcoin:

                                @lakshmana said in Bitcoin:

                                If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                                Not very safe. Bitcoin has announced that wallets made around this time might just vanish without warning, all money being lost.

                                If the wallet is vanishing then money also vanishes Right?

                                scottalanmillerS 1 Reply Last reply Reply Quote 0
                                • wirestyle22W
                                  wirestyle22 @Lakshmana
                                  last edited by

                                  @lakshmana said in Bitcoin:

                                  Whether the Bitcoin value is higher than US Dollar?

                                  There is a conversion rate like all currency

                                  1 Reply Last reply Reply Quote 0
                                  • scottalanmillerS
                                    scottalanmiller @Lakshmana
                                    last edited by

                                    @lakshmana said in Bitcoin:

                                    @scottalanmiller said in Bitcoin:

                                    @lakshmana said in Bitcoin:

                                    If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                                    Not very safe. Bitcoin has announced that wallets made around this time might just vanish without warning, all money being lost.

                                    If the wallet is vanishing then money also vanishes Right?

                                    Yes

                                    DustinB3403D LakshmanaL 2 Replies Last reply Reply Quote 0
                                    • DustinB3403D
                                      DustinB3403 @scottalanmiller
                                      last edited by

                                      @scottalanmiller said in Bitcoin:

                                      @lakshmana said in Bitcoin:

                                      @scottalanmiller said in Bitcoin:

                                      @lakshmana said in Bitcoin:

                                      If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                                      Not very safe. Bitcoin has announced that wallets made around this time might just vanish without warning, all money being lost.

                                      If the wallet is vanishing then money also vanishes Right?

                                      Yes

                                      Unless you have a backup of the wallet, which you should be doing. (since it is an important item in ones life)

                                      I remember a few years ago a bitcoin mining company lost their wallet with millions, and didn't have a backup. . . FOOLS!

                                      LakshmanaL scottalanmillerS 2 Replies Last reply Reply Quote 0
                                      • LakshmanaL
                                        Lakshmana @DustinB3403
                                        last edited by

                                        @dustinb3403 said in Bitcoin:

                                        @scottalanmiller said in Bitcoin:

                                        @lakshmana said in Bitcoin:

                                        @scottalanmiller said in Bitcoin:

                                        @lakshmana said in Bitcoin:

                                        If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                                        Not very safe. Bitcoin has announced that wallets made around this time might just vanish without warning, all money being lost.

                                        If the wallet is vanishing then money also vanishes Right?

                                        Yes

                                        Unless you have a backup of the wallet, which you should be doing. (since it is an important item in ones life)

                                        I remember a few years ago a bitcoin mining company lost their wallet with millions, and didn't have a backup. . . FOOLS!

                                        That backup responsibility lies in individuals or in company who owns wallet?

                                        DustinB3403D 1 Reply Last reply Reply Quote 0
                                        • LakshmanaL
                                          Lakshmana @scottalanmiller
                                          last edited by

                                          @scottalanmiller said in Bitcoin:

                                          @lakshmana said in Bitcoin:

                                          @scottalanmiller said in Bitcoin:

                                          @lakshmana said in Bitcoin:

                                          If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                                          Not very safe. Bitcoin has announced that wallets made around this time might just vanish without warning, all money being lost.

                                          If the wallet is vanishing then money also vanishes Right?

                                          Yes

                                          It's too risk with Money.

                                          1 Reply Last reply Reply Quote 0
                                          • DustinB3403D
                                            DustinB3403 @Lakshmana
                                            last edited by

                                            @lakshmana said in Bitcoin:

                                            @dustinb3403 said in Bitcoin:

                                            @scottalanmiller said in Bitcoin:

                                            @lakshmana said in Bitcoin:

                                            @scottalanmiller said in Bitcoin:

                                            @lakshmana said in Bitcoin:

                                            If new one is opening wallet legally how safe wallet will be?How can individuals trust in the wallet portal?

                                            Not very safe. Bitcoin has announced that wallets made around this time might just vanish without warning, all money being lost.

                                            If the wallet is vanishing then money also vanishes Right?

                                            Yes

                                            Unless you have a backup of the wallet, which you should be doing. (since it is an important item in ones life)

                                            I remember a few years ago a bitcoin mining company lost their wallet with millions, and didn't have a backup. . . FOOLS!

                                            That backup responsibility lies in individuals or in company who owns wallet?

                                            All wallets are controlled by an individual (unless there was some business mining organization)

                                            1 Reply Last reply Reply Quote 0
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