Cryptocurrency - any of you guys into it?

Agree with you. There are 3882 cryptocurrencies conform to Coinmarketcap. I think a better investment is in Real Estate.

When looking @ any investment you always have to look @ the risk/reward ratio. Cryptos have the best ratio on the planet and have out performed all assets on the planet for the past 11years.

I like ccmedia's comparison to lotteries, except that lotteries are superior in every way.  In the countries I'm most familiar with,
- lotteries are operated and controlled by government agencies subject to strict oversight,  not by anonymous figures operating free of all control in the cybershadows, and
- at least a portion of the lottery take is identified and earmarked for a worthwhile public purpose, e.g., education or public health, not for unknown parties with questionable, and quite possibly sinister, motives.

Saggaboy wrote:

Cryptos have the best ratio on the planet and have out performed all assets on the planet for the past 11years.

Past performance is not necessarily indicative of future results.

***

Saggaboy wrote:

Cryptos have the best ratio on the planet and have out performed all assets on the planet for the past 11years.

The performace chart of Bitcoins below shows quite the opposite:
A initial hype with a bubble that burst at the end of 2017, followed by a lacklustre sideways movement (with wild swings up and down) since then. Only in the last two months or so there is an upwards trend, but that might also turn out temporary (or another bubble).

@ Moderated Priscilla ,

When I was responding to a post made by abthree


What was wrong with my political comment if it does not name a political party or a particular government?

@beppi

In 2010 Bitcoin was $0.003 per coin, in 2019 it went to $ 20,000. Please search the world over and point to one asset that have come close to matching such performance in 11 years.

Saggaboy wrote:

In 2010 Bitcoin was $0.003 per coin, in 2019 it went to $ 20,000. Please search the world over and point to one asset that have come close to matching such performance in 11 years.

There is a list on this page:
https://en.wikipedia.org/wiki/Economic_bubble

@ beppi

I think the Tulip example that you refer to, would be the closest example in comparison to Bitcoin. However I did say within the past 11 years. Also, I do not think anyone who truly understands Blockchain and Bitcoin would make such a comparison anyway.

I can't say I know much about that world, but I'm interested in learning more about it. I have some friends that are really into it and that got me curious. I'm more interested in it as a different form of investing, but it feels more like gambling to me at this point. Any resources that are a good place to start for someone new to crypto?

Crypto can be tricky. Learning curve if you haven’t done anything like this. Well worth the learn and hey, the world is going this way anyways 🤷🏻‍♀️  I love it! 😊😊😊🚀🚀🚀

SOS

It's beginning guys, the proverbial slide, the USA Stock Exchange is starting it's slide into the sewer, hold on for dear life.

I'm doing well with crypto v $ speculation.  8.750.00 € profit in last 2 weeks.  Down to Musk comments.  Cheers.

ToadandBadger wrote:

I'm doing well with crypto v $ speculation.  8.750.00 € profit in last 2 weeks.  Down to Musk comments.  Cheers.

Then a massive wallet gets stolen, it hits the news, and prices drop like a stone.
Bitcoin, and all the other scam money games, are very much the domain of specialist traders with a clue, not the vast majority of people.
A few will make a fortune - Most, if they were stupid enough to try, will lose their shirts - Handy for the lads if the victim is a 25 year old blonde with big breasts.

@Fred

Those that took the time to understand Cryptos would not loose their shirts irrelevant of if the market goes up or down or how the Wales manipulate it.

The whales are manipulating cryprocurrencies?!?
Or did you mean the Welsh?

At least, their shirts are nice and loose. 

where to start for beginner financing in crypto currency?

JamesSmith123 wrote:

where to start for beginner financing in crypto currency?

Send your money to me - I'll set everything up for you. (And you'll be done with it even faster than without me!)

JamesSmith123 wrote:

where to start for beginner financing in crypto currency?

Send everything to a Nigerian prince - Your chances of profiting are slightly higher.

whales, thank you for spotting that.

@ beppi and Fred,

It took me years watching YouTube Video's, practice, frustration, mistakes and losing money before I finally understand stood Cryptos.

I took a very good look at bitcoin and decided it's rubbiah.
The numbers are up and down like a yoyo on crack, but that's just a minor reason why I realised it's all a big scam.

Bitcoin pushers tend to give out 'information' that always lead to other bitcoin pushers. They give out email addresses or numbers as links to whatever, but those numbers always show up as dealers.
You see stories in the press about lost hard drives, then you Google to find out who they are - Always bitcoin pushers.
Then we have deaths and other excuses - He was the only one with the laptop's password, and that means millions of customers' money is gone. There's no escaping that one - it's either exceptionally slack, or it's out and out theft - I'm going with the latter.
Others are just pure stealing.

It strikes me, if bitcoin isn't a massive scam, the dealers wouldn't have to treat potential customers as morons.

Bitcoin is great for a few, but an all but guaranteed way to lose money for most.

Training on Youtube - Yep, that's the way to make sure your life savings are safe. 

If you feel that way u should keeeeeppppp faaaaaarrrrrr aaaaawwwwwwaaaayyyyy
from BitCoin!!!!!!!!!

Bitcoin is virtual - meaning it does not really exist.
How should we, who do exist, stay far from it???
Or is that part of the warped logic of something being at once completely anonymous AND retraceable from a public ledger. (Am I the only one seing a contradiction here?)

cccmedia wrote:

Saggaboy wrote:

Remember that all cryptos are manipulated on a daily basis. The value can go down to a fraction of a cent or to a million + dollars in an instant.

If this is true, it's gambling

I disagree - Gambling is dependent on chance, even though the odds are very much in favour of the house.
The bit coin scam is NOT down to luck - It's down to the people who manipulate its perceived value, and their only interest is them.
It's the same as asking a cleptomania to look after your cash. Whilst it's true some people make a fortune in bitcoin trading, most of them are bitcoin traders, not the poor suckers they con.

Dear Richie,

Welcome to the forums of expat.com ...

In your opinion .. what is the right company?

Hello Richie ; yes I thought of investing a few dollars on it. To me bitcoins is the results of distrust in all the world government in general , there are a little bit more than 30 million crypto wallets wordwide , what makes is bad is not the concept is other people throughout our planet cleaning bad money thru bit coins and even some real bad things to bring government down using bit coins. I never understood the idea of in and out of the it coins as is being treated like a stock option which nothing more than a bet . I may invest in it ? wether I make money I it or not I love to work and will continue to do so. Good luck in our enterprise maybe I will become your limo chauffeur . Krumite

Can we please put this rubbish to bed - or down the toilet

https://www.nytimes.com/2021/01/12/tech … tunes.html

Gosh! Stefan Thomas is about to lose millions

or maybe not

https://www.linkedin.com/public-profile … 3e8a77946d

Stefan Thomas
Founder & CEO at Coil

https://coilcrypto.com/?__cf_chl_jschl_ … aNcq_tXNkQ

COIL is an elastic supply cryptocurrency with a built-in 23 hour rebase mechanism. The supply of COIL tokens “coil and recoil,” adjusting to the supply and demand of the market. Think of COIL as an automated Central Bank that expands and contracts the current supply, based on economic supply and demand factors.

When you look at other stories - People losing hard drives on rubbish dumps and so on, they all turn out to be bitcoin/other crappy scam pretend money people

It's all a massive con

https://edition.cnn.com/2021/01/15/uk/b … l#:~:text=(CNN)%20A%20British%20man%20who,to%20excavate%20a%20landfill%20site.

A British man who accidentally threw a hard drive loaded with bitcoin into the trash has offered the local authority where he lives more than $70 million if it allows him to excavate a landfill site.

IT worker James Howells got rid of the drive, which held a digital store of 7,500 bitcoins, between June and August in 2013. He had originally mined the virtual currency four years earlier when it was of little value.

Then you look at Howell's twitter

https://twitter.com/howelzy?s=09

Yep, he's a bitcoin pusher

Fake stories designed to get bitcoin into the news - If they're willing to lie so easily to con customers, how much trust do they deserve?

https://www.bbc.com/news/world-us-canad … s%20again.

Dead, and no passwords

then we find out more

https://www.vanityfair.com/news/2019/11 … 20to%20be.

The list goes on - None of it tells me anything but to avoid that whole idea because the thing is set up and run by people I wouldn't trust to hold a small metal washer whilst I fixed the microwave.

Really well advertised scam - I gather most Nigerian princes are very envious of it.

I need help in selecting a trusted bitcoin investment company and to use it for buying goods and services from those who do not use except crypto currency.
My number on whatsap
***

Mamounkh1 wrote:

selecting a trusted bitcoin investment company

Search on the internet, pick a company, subscribe to a religion, then pray the company you decided on doesn't end up on the news for going bust and/or stealing everyones cash as so many do.

https://en.m.wikipedia.org/wiki/Cryptoc … _and_crime

Bitcoin    Edit
There have been many cases of bitcoin theft.[8] As of December 2017, around 980,000 bitcoins have been stolen from cryptocurrency exchanges.[9]

One type of theft involves a third party accessing the private key to a victim's bitcoin address,[10] or of an online wallet.[11] If the private key is stolen, all the bitcoins from the compromised address can be transferred. In that case, the network does not have any provisions to identify the thief, block further transactions of those stolen bitcoins, or return them to the legitimate owner.[12]

Theft also occurs at sites where bitcoins are used to purchase illicit goods. In late November 2013, an estimated $100 million in bitcoins were allegedly stolen from the online illicit goods marketplace Sheep Marketplace, which immediately closed.[13] Users tracked the coins as they were processed and converted to cash, but no funds were recovered and no culprits identified.[13] A different black market, Silk Road 2, stated that during a February 2014 hack, bitcoins valued at $2.7 million were taken from escrow accounts.[14]

Sites where users exchange bitcoins for cash or store them in "wallets" are also targets for theft. Inputs.io, an Australian wallet service, was hacked twice in October 2013 and lost more than $1 million in bitcoins.[15] GBL, a Chinese bitcoin trading platform, suddenly shut down on 26 October 2013; subscribers, unable to log in, lost up to $5 million worth of bitcoin.[16][17] In late February 2014 Mt. Gox, one of the largest virtual currency exchanges, filed for bankruptcy in Tokyo amid reports that bitcoins worth $350 million had been stolen.[18] Flexcoin, a bitcoin storage specialist based in Alberta, Canada, shut down in March 2014 after saying it discovered a theft of about $650,000 in bitcoins.[19] Poloniex, a digital currency exchange, reported in March 2014 that it lost bitcoins valued at around $50,000.[20] In January 2015 UK-based bitstamp, the third busiest bitcoin exchange globally, was hacked and $5 million in bitcoins were stolen.[21] February 2015 saw a Chinese exchange named BTER lose bitcoins worth nearly $2 million to hackers.[22]

A major bitcoin exchange, Bitfinex, was hacked and nearly 120,000 bitcoins (around $60M) was stolen in 2016. Bitfinex was forced to suspend its trading. The theft is the second largest bitcoin heist ever, dwarfed only by Mt. Gox theft in 2014. According to Forbes, "All of Bitfinex's customers,... will stand to lose money. The company has announced a cut of 36.067% across the board."[23] Following the hack the company refunded customers.[citation needed] On 6 December 2017, more than $60 million worth of bitcoin was stolen after a cyber attack hit the cryptocurrency-mining platform NiceHash. According to the CEO Marko Kobal and co-founder Sasa Coh, bitcoins worth US$64 million were stolen, although users have pointed to a bitcoin wallet which held 4,736.42 bitcoins, equivalent to $67 million.[24][25]

On May 7, 2019, hackers stole over 7000 Bitcoins from the Binance Cryptocurrency Exchange, at a value of over 40 million US dollars. Binance CEO Zhao Changpeng stated: "The hackers used a variety of techniques, including phishing, viruses and other attacks.... The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time." [26]

Fred wrote:

In late November 2013, an estimated $100 million in bitcoins were allegedly stolen from the online illicit goods marketplace Sheep Marketplace, which immediately closed.

I knew that there is something fishy about this "Fred" and his sheep!

beppi wrote:

Fred wrote:

In late November 2013, an estimated $100 million in bitcoins were allegedly stolen from the online illicit goods marketplace Sheep Marketplace, which immediately closed.

I knew that there is something fishy about this "Fred" and his sheep!

I have never been convicted of any crime involving sheep

Fred wrote:

I have never been convicted of any crime involving sheep

You must have powerful and well-connected sheep protecting you.