12-07-2017, 10:35 AM
(12-07-2017, 10:07 AM)WRXtranceformed Wrote: And then a bitcoin exchange gets hacked and $64 million in bitcoin gets stolen...
https://www.reuters.com/article/us-cyber...SKBN1E10AQ
Texts from my brother this morning:
Quote:You know you're dealing with a bubble with bitcoin when an exchange is hacked and $70M is stolen and it is still up 9%
Tell me how that makes any rational sense
So my investment can be stolen by hackers easily and that's a good thing? Let me buy more?
Well, if it can be stolen by hackers that's bad, but it also can't be regulated by government, (other than criminal penalties for it's use) which is good.
Ultimately, it isn't really any different from Gold. If someone breaks into your house and steals your gold, you're SOL. If you have a soft wallet, that's basically what happened.
1987 Oldsmobile Cutlass 442