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Less risk, less fuss, less worry, more options for trading and profit. Using Bitoasis is like just pay high bitcoin forget your money. Scam signed up a month or so ago, got land payout for bitcoin first month, 7 days of accruals which have stopped a week ago and no payments. I dont know if you will be able to scam your money out easily…many of these schemes make it extremely difficult to get your money out, and very easy to scam idea is to make you keep your money in the system. Ask yourself why and how? To be blunt, someone would have to be really dumb land therefore deserve bitcoin lose all of their money if they thought that MtGox was an isolated incidence. Land end result is just the same, more losers than gainers.
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They have worked fairly hard to make it almost convincing. All lose in harmony. Same site, same issues. Stock Market Still Strong! Withdrawal threshold rising as well. This is just a fraudster. Just ponzi scammers - stay well clear of Thebitcoincode ponzi.
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If people are looking to bitcoin it then they should do as much research before hand to get scam their facts straight. Just do the maths please. Mr I've been Robbed. A really poor attempt at stealing bitcoin. BTC right now is profitable to mine and Hashflare is the land one of those two which has BTC contracts in stock currently.
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Land of bitcoin scam
Dont bother trying cloud mining, the ones that are legit are really not that profitable. I think Lifestyle Galaxy is the same as Dragon mining, they might have changed their name again, it looks like all the same people…. We still waiting for them to answer our questions, but they flat out refused, and then deleted their posts so that our questions were removed a few months later. By the magic of the internet, we still have a record of it though, you can read them here: As a general rule in bitcoin cloud mining is not really that profitable if it is legit…..
The internet has tons of articles explaining why cloud mining is not profitable, or riddled with scammers and pyramid schemes…. If you really really really want to do cloud mining, Genesis mining is one of the most reputable ones, but even they are not that profitable, since they have real costs and they dont run a pyramid scheme to generate more profits. As another general rule in bitcoin, DONT store your bitcoin on an exchange…To hold your bitcoin securely, the best route for most users is to get a hardware wallet.
Luno with two factor is fine for small amounts of value for most people. If you have bitcoin of any significant value, get a decent wallet and move your bitcoin off the exchange, then keep your private key for the wallet safe. Good wallet for web: Airbitz, Good wallet for desktop: I think you would need to do a withdraw from your bitcoin wallet on their website, to your Luno bitcoin wallet.
I dont know if you will be able to get your money out easily…many of these schemes make it extremely difficult to get your money out, and very easy to re-invest…the idea is to make you keep your money in the system. Let us know how it goes…. All you have is the standard cool off period you get as with i. They have failed to prove to me that they are held accountable by any regulating body recognized by the Financial Services Board or A Securities Exchange License of any sort.
They seem much like a risk-double-dip; an additional risk on a readily risky landscape. I can thank you enough for confirming my suspicions ans sparing me my the loss of my hard earned money. All the best to everyone whom like me is looking for legitimate and somewhat safe means of generating passive income. My the forces be with you. If you had taken the amount of money you invested……and just bought bitcoin……. Bitcoin was about R9k a year ago, its about Rk today. The difference in what you could have made, and what you have made is crazy….
From what I understand it is a pyramid scheme that might also have some real mining equipment. Someone from there did come to this site and claim we did not know what we were talking about and insisted we answer all their questions, which we did. We then gave them a bunch of questions to answer to try and prove the legitimacy of their operation, and they flat out refused to answer any of them. They then deleted their posts of the site. That behavior makes me think they are some sort of scam, after all, if they would have just answered some of the questions, they would have legitimized themselves easily.
Right now I have zero reason to believe they are legit, that opinion could change with evidence, which they refuse to supply. I still believe that while bitcoin is going up in price fast, it is far more profitable to just buy bitcoin and let the value of that appreciate.
Bitcoin has increased hundreds of percent in the last 12 months…far better value than any cloud mining contract. Mike, if you are happy with a tiny percentage of money from your investment, as opposed to the amazing amount of money you could have made, so be it. Your bitcoin earnings constantly declines, and re-investing is signing up to more tiny profits from your re-investment capital.
If you think you are making money now, you should work out how much you could have made…. Home Bitcoin mining Caution: Coinbase is a joke. They say you can accelerate the process but that is B.
I have verified everything with them D. L, cell phone and bank accounts. I was scammed by other reputable sites but with furcoins. I just purchased bitcoins without identity card verification at furcoins. Please supply details of how they scammed you coz since I have started using them, they have never failed me.
Give me more info. I am using them now coz coinbase fucking scammed me! On August 31st I initiated a deposit from my bank account into gdax. I have sent them numerous emails, about this and a another issue I have and they have yet to answer ONE of them. Nor do they have a phone number to call for service.
Wow… What an honest review ya got here. They are US regulated and based though? People have issues but most of them did ZERO research… Just hopped in and invested on CB without looking into withdraw information, etc. Of course, like every company, there will be issues every now and then but sooo many issues seems a bit strange for a US based and regulated company. I put together a little review covering this myself recently..
Check it out if you get a chance. I read your review. Unfortunately, there are too many bad reviews in order for us to recommend Coinbase. Currently, our top rated exchange would be LakeBTC. Home Exchange Coinbase Review. Employing between 51 and people, Coinbase serves customers from no fewer than 32 countries.
Coinbase users can transfer funds among them instantly. Bitcoin deposits are insured. The interface is solid and well-designed. A wide range of fiat currencies and deposit methods are supported.
Wallet services feature multi-signature security. Coinbase Products Coinbase has been created to facilitate the buying and selling of crypto currencies like ethereum and bitcoin. Account Types Coinbase only offers a single account-type, which is geared towards the retail user. Payment Methods Coinbase clients can link a variety of bank accounts to their virtual currency wallets. Testimonials While Coinbase seems legit, the user feedback regarding their services is often downright vitriolic.
We found many complaints, such as the following: Now if you are thinking, "well somebody can edit the code to steal your coins or make fake coins" that is not how it works. Yes they can make a "fork" of Bitcoin but it will be on a separate blockchain. Meaning you cannot transfer those "forked" coins to the original Bitcoin. Well what is the blockchain? The blockchain stores all the wallet addresses, transactions, miner power and so on.
It cannot be edited but only added onto with new wallets, transactions, miners etc. It is not a website, but stored inside of the application itself on each and every computer or miner with the application. The websites you can find the blockchain on only show a graphical representation of what the blockchain has stored in it.
This means the more people who use Bitcoin, the more secure the protocol is. Which, at this time, it is very secure and Bitcoin itself has proved unbackable. The only way people can "hack" Bitcoin is to hack the websites or wallets and use their data or stored coins for themselves. This happens in everyday life everywhere and should be null.
Now, onto the wallets. The wallets are NOT the Bitcoin protocol. They only use the Bitcoin protocol as a base of information. You could use command prompt for your wallet if you know how to code it. This is why you can find multiple wallet providers with different features and security.
They are not changing the protocol itself, but telling the protocol where to send the coins and storing that info in the blockchain. It is possible that a rogue wallet provider can program something malicious into the wallet itself to steal your wallet data to steal your coins but if you stick with well known wallets, you will not need to worry.
Online wallets can be dangerous so it is best to keep your wallet on a physical computer or USB. If someone makes a fake wallet that doesn't actually store real Bitcoin in it, you would be able to tell just by viewing the blockchain on a website. I have more to say, but not enough room on here. I will post about the human side of the ordeal I the comments. It isnt a scam, Its a very smart idea.
No government back up, that means the government ends, youll still have your money. Think of it this way, the confederate states created their very own currency in the little bit of time they were around, once the US won the civil war, that currency was worthless. WWIII, youll still have your bitcoin acceptable in places. Sign In Sign Up. Add a New Topic. Is Bitcoin a scam? New to Old Created: Old to New Likes: Most to Least Likes: Least to Most Replies: Most to Least Replies: No, scams always have a hidden aspect to them.
Related Opinions Do you think that most media bias is unintentional? Should there be more regulations for Wall Street banks? Should banks have more regulations? Do you believe love creates the ultimate happiness? Will digital currency ever replace paper money?
Gox disappearance be an isolated event yes or will it be the first of many Bitcoin collapses no? Should Customs policies be regulated by the UN? Gox, a leading exchange for bitcoins, was recently closed down and filed for bankruptcy — do you think their customers will be able to recover any portion of their account balances? Will Bitcoin eventually replace different global currencies? Should there be more regulations for big banks? Bitcoin is a joke and not safe. Read the following articles.
Authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt.
The move may prevent the firm from facilitating the purchase and sale of Bitcoins in U. Bitcoin, which unlike conventional money is bought and sold on a peer-to-peer network independent of any central authority, has grown popular among users who lack faith in the established banking system.
The price of the volatile currency ballooned in March as a result of the Cyprus bank crisis. Authorities worry that a lack of regulation has left the currency vulnerable to money launderers and other criminals.
The US government or any government can take control over the high level Bitcoin internet domains and the domains of those who exchange bitcoin for dollars, e. Once those domains are taken over, guess what? Once, the government takes over these domains in their countries, no one will be able to trade in or exchange bitcoins for dollars; so your bitcoins become worthless.
The US government can do that to Bitcoin, and I am not talking about the small individual personal bitcoin accounts; I am talking about the large commercial bitcoin accounts, especially those sites that exchange bitcoin for currency. By law, America banks were blocked from exchanging money with those internet poker sites.