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Author Topic: Bitcoin and Altcoins  (Read 3972 times)

Caesar

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Re: Bitcoin and Altcoins
« Reply #30 on: April 13, 2020, 04:03:31 PM »
The amazing story of Dr Ruja, the cryptoqueen
https://www.bbc.co.uk/sounds/play/p07npk7p
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Caesar

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Re: Bitcoin and Altcoins
« Reply #31 on: May 25, 2020, 08:09:48 AM »
Not wishing to appear negative,  but anyone thinking of getting in cryptos might want to read this article first
https://www.helpnetsecurity.com/2018/02/05/look-inside-cryptocurrency-fraud/
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Caesar

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Re: Bitcoin and Altcoins
« Reply #32 on: July 16, 2020, 08:01:09 AM »
Major Bitcoin scam hits Twitter
https://www.bbc.co.uk/news/technology-53425822
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PipMeHappy

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Re: Bitcoin and Altcoins
« Reply #33 on: July 17, 2020, 07:51:15 PM »
Quote from: Caesar on May 25, 2020, 08:09:48 AM
Not wishing to appear negative,  but anyone thinking of getting in cryptos might want to read this article first
https://www.helpnetsecurity.com/2018/02/05/look-inside-cryptocurrency-fraud/

Does this mean that staying away from 'altcoins' and sticking to the original flavour (Bitcoin)
is still safer?
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Caesar

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Re: Bitcoin and Altcoins
« Reply #34 on: July 18, 2020, 08:06:39 AM »
Quote from: PipMeHappy on July 17, 2020, 07:51:15 PM
Does this mean that staying away from 'altcoins' and sticking to the original flavour (Bitcoin)
is still safer
Hello Pipmehappy.
I haven't seen anything yet that gives me confidence any cryptocurrency is safe.
It seems every few months some site or other gets hacked and there does not seem to be any recourse which the traders can take since the very thing that attracts many of them, anonymity, means they cannot prove they ever owned the currency.
Hopefully the upcoming government backed cryptos will resolve this
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Pipstar

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Re: Bitcoin and Altcoins
« Reply #35 on: September 08, 2020, 10:00:08 PM »
I was talking to a friend earlier. He bought some Bitcoin in February this year about 6 weeks before lockdown and kept the 16 digit code in a secure folder on his pc at work ( he is self employed).
Has just been allowed back into the rented service office he uses and realised he has forgotten his login details for the folder as he hasn't used it for months.
He says its " just a few thousand " worth of Bitcoin, but I was wondering is there any other way he can get access to his secure folder? Seems such a shame to waste it.
« Last Edit: September 09, 2020, 08:18:44 AM by Pipstar »
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Kim

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Re: Bitcoin and Altcoins
« Reply #36 on: September 09, 2020, 08:16:43 AM »
Thats unfortunate @Pipstar I hope he remembers it.
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Pipstar

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Re: Bitcoin and Altcoins
« Reply #37 on: September 13, 2020, 09:47:54 AM »
Quote from: Kim on September 09, 2020, 08:16:43 AM
Thats unfortunate @Pipstar I hope he remembers it.
He isn't that concerned about it Kim, says its not a lot of value and if that's the cost of learning a lesson then he has to pay it.
You never know, it might come back to him one day like these things sometimes do.
I'll let you know if he remembers.  :D
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ElvisChute

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Re: Bitcoin and Altcoins
« Reply #38 on: September 17, 2020, 03:57:55 PM »
Must be nice not to have to care about losing access to Bitcoins.  If only...
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YenPounder

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Someone Just Emptied Out a Bitcoin Wallet With $964,000,000 In It
« Reply #39 on: November 04, 2020, 08:36:49 PM »
It's not yet clear if a hacker made off with a gigantic payday, or if the wallet's secretive and long-dormant owner just came out of retirement. https://www.vice.com/en/article/g5bbaj/someone-emptied-out-bitcoin-wallet-with-964000000-million

Bitcoin Tops $14k As Billion-Dollar 'Silk Road' Wallet Moves For First Time Since 2015: https://www.zerohedge.com/crypto/bitcoin-tops-14k-billion-dollar-silk-road-wallet-moves-first-time-2015
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eddieb

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Re: Bitcoin and Altcoins
« Reply #40 on: November 04, 2020, 09:05:06 PM »
Either way, that is an incredible amount.
Somebody is going to have a very nice Christmas

I've not looked at bitcoin for a while, I've never really been convinced about the whole idea of cryptocurrency probably because of how its used by criminal organisations and the like.

Do you follow them or invest in them yourself?
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Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

YenPounder

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Re: Bitcoin and Altcoins
« Reply #41 on: November 04, 2020, 11:04:38 PM »
Quote from: eddieb on November 04, 2020, 09:05:06 PM
Do you follow them or invest in them yourself?

I find articles like this interesting, but I don't invest in crypto. I'm unconvinced about Bitcoin, but not for the same reasons. I don't understand it enough to trade, and I'm not sure of it as a store of wealth. It certainly didn't work out for the guy in the article, if his $1 billion dollars were stolen.
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Pipstar

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Re: Bitcoin and Altcoins
« Reply #42 on: November 05, 2020, 01:14:15 PM »
I posted before about a friend who lost his wallet login key.
He 'only had a few thousand pounds worth, but this must happen to a lot of people.
Your $900m is a different story
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YenPounder

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Re: Someone Just Emptied Out a Bitcoin Wallet With $964,000,000 In It
« Reply #43 on: November 05, 2020, 06:04:24 PM »
Quote from: YenPounder on November 04, 2020, 08:36:49 PM
It's not yet clear if a hacker made off with a gigantic payday, or if the wallet's secretive and long-dormant owner just came out of retirement. https://www.vice.com/en/article/g5bbaj/someone-emptied-out-bitcoin-wallet-with-964000000-million

Bitcoin Tops $14k As Billion-Dollar 'Silk Road' Wallet Moves For First Time Since 2015: https://www.zerohedge.com/crypto/bitcoin-tops-14k-billion-dollar-silk-road-wallet-moves-first-time-2015

Initially, speculation had it that $1 billion worth of bitcoin might have just been stolen by hackers. It turns out the government was behind it all along.

The Justice Department this week reportedly seized that unprecedented sum, which sat dormant for years in a wallet linked to Silk Road, the online black market that was shut down in 2013.
« Last Edit: November 05, 2020, 09:02:54 PM by YenPounder »
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Caesar

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Re: Bitcoin and Altcoins
« Reply #44 on: November 05, 2020, 06:36:19 PM »
Quote from: YenPounder on November 05, 2020, 06:04:24 PM
the government was behind it all along.
Do they have the right to do that? Seems odd,to say the least.
(I can't follow your link, its flagged as unsafe)
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