Stock Market Thread

[Senor_Taylor]

I mean, saying it can get stolen easily if one bank somewhere gets robbed while your money is either in your bank, or stashed away in your house isn't very accurate.

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Wut

You guys are nuts for investing in anything crypto with serious money. This is absolutely a bubble and backed back nothing. Not only can someone hack into the exchange and steal your currency as noted previously, you could fall victim to a phishing scam just trying to enter the market. http://fortune.com/2017/08/28/ethereum-c...n-bitcoin/
Play on, playas.

So as with any investment, don't do it if you don't know what you're doing.

I think most people understand it's a bubble. I have ~$47 in bitcoin invested, I'll ride it out until it double, then sell. Nothing has value until people want it. People want crypto currency right now, so it's worth something. I'm fully prepared to lose my $50.

As far as I know if you're mining, you store your bitcoins locally, that was my metaphor about the banks. I'm fairly certain there isn't some central location all of the bitcoins are "stored". That's the point of it.

I may be completely wrong, so whatever. It's $50.