- Aug 5, 2007
- Detector(s) used
- ML Sov GT; Whites MXT & Surf PI Pro
- Primary Interest:
- All Treasure Hunting
I don't have a dog in this hunt but I see China has decided to make b.c. an illegal currency. What happens now?
so what happens to the rest of the folks holding worthless bitcoin? Do they get to lose all they put in while the Chinese whoevers get a big pile of monopoly money?
on another item, GoodGuy, I was looking at that Helium mining gig and it seems there are no mines open in North America,they're all taken.
Cryptocurrency is not legal tender and is not backed by the government.
Cryptocurrency, (including but not limited to tokens such as bitcoin, litecoin and ethereum, and stablecoins such as USDC), is not subject to Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation protections.
With the strokes of any keyboard... at anytime... anywhere in the world... by any one of the millions of the unscrupulous hackers just waiting for you to slip.
your "investment" could be gone in an instant... and you will certainly have ZERO recourse at best in recouping.
With that said...
just dont invest anything you are not willing to loose in a millisecond of anonymity.
Recommendation buy silver, gold and landLook is this investment for suckers, or is it legitimate opportunity. Money of the future or is this monopoly currency. The process lengthy, buy a wallet, anyhow I?m a dummy here. Anyone care to share there opinions let i5 rip, I want to learn.
A lot of those so called youtube experts lost their A$$ holding onto cyrpto(S). I wonder how some of them are doing with the mining of cyrpto, I'm thinking they are not getting their investment back.It's the real deal? Seriously? Bitcoin has gone from 68k to 27k in the last year or so. Sucker bet, in my opinion. Does anyone really know how the price is determined and who determines it? I've seen it go up 1k in an hour and watched it tank 2k in the blink of an eye.
Sorry, but it's not a safe investment, not an actual currency and backed by no one and nothing.
that would depend on how long you keep it. the fees out weigh the amount you can make in profit. I did quit a bit of day trading years ago, my trades lasted from minutes to hours, I traded Forex and Futures, it might have cost a dollar to make or loose $1k, to do the same with crypto it is nearly impossible.$3 to $5 bucks to get in, $3- $5 bucks to get out for a $10 - $20 profit or loss. If you stay in for 6 months hopping to make a profit, and you are on the wrong side, because most of these bitcoin brokers do not have stops, you can very easy loose everything.Just came across your post and wanted to say that you're not alone in feeling like a dummy when it comes to Bitcoin and cryptocurrencies. Though it can be quite risky, it's actually a pretty exciting opportunity for increasing your income.