Crypto Currency Experts ?
:shock:
Any experts on this forum that can explain this HOT new frenzy.
Thanks in advance.
I've already been on several websites
What in the heck is mining, a crypto wallet, does the money earned become "Capital Gains" when this is not being earned through a US financial institution nor recognized as a legitimate currency?
Bitcoin Breach Results in $78M Loss
https://techtalk.pcpitstop.com/2016/...itcoin-breach/
https://techtalk.pcpitstop.com/2017/...&share-ad-id=1
Humm... I thought about them, but decided it was not for me. "Theyre a digital currency. Therefore, there is nothing tangible about them. They have to be stored in a digital wallet. These wallets vary based on the type of device used (computer, phone, tablet, external hardwallet, etc.), and come with potential risks." a risk I personaly did not want to take. "Ultimately, its a risk. But arent all investments? Bitcoin value changes daily, similar to the stock market.
The second risk are the hackers. Cyber criminals know the value of one bitcoin. They know its value has skyrocketed. They also know this is a digital currency that is often kept on ones devices. How convenient hackers know how to hack into devices! Once the bitcoin is hacked, its gone.
The last risk is losing the bitcoin because of hardware failures. If your hard drive crashes and the data isnt recoverable neither is your bitcoin. Ouch! Or if you store your bitcoin on an external storage device and lose that device, its gone. That would be a hard pill to swallow.
Are you okay with those odds?"
More stuff to make your head spin