# Anyone end up investing in Bitcoins? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 21, 2013, 8:34pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431 "2013-10-21T20:34:08Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [October 23, 2013, 1:48pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/21 "2013-10-23T13:48:54Z")
I’d say bitcoin is not adapting fast because for the typical person is has no benefit over what they use today. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [October 23, 2013, 1:50pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/22 "2013-10-23T13:50:24Z")
Bitcoin is a horrible thing in the US A few key points US government is going to and already has cracked down on it hard It was directly linked to silkroad and a number of other underground sites People don’t take computer security seriously enough you can get your bitcoin wallet wiped out easily The increased price per bitcoin makes targeting bitcoin for hacking extremely lucrative If your shit gets stolen its gone and untraceable ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 23, 2013, 2:45pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/23 "2013-10-23T14:45:49Z")
Bitcoin is a horrible thing in the US A few key points US government is going to and already has cracked down on it hard They are not sure how to regulate it. They have cracked down on currency exchanges that do not register properly in the past but they have made no intentions yet of how they want to handle bitcoins as income. With our increasing debt and the government reach into people, there has been governments that grab 401ks that people save up such in greece so this can happen anywher It was directly linked to silkroad and a number of other underground sites Yes. Bitcoins were used for drugs but what currency isnt? Also, Silk Road shut down with millions seized and bitcoin still is strong due to other country adoption. People don’t take computer security seriously enough you can get your bitcoin wallet wiped out easily Yes. You also can have your own identity and bank accounts wiped out as well without bitcoins if you are not careful. There is a lot of online storage places that make it like a bank account and sometimes offer better protections than bank accounts with 3rd party auths and private keys for wallets. The increased price per bitcoin makes targeting bitcoin for hacking extremely lucrative You have to be smart with your digital wallet like you would your real one. You can print off and export hard copies of wallets so you don’t have them all in one place and your digital wealth is not stuck in one location that you can lose. If your shit gets stolen its gone and untraceable how is this different than people who carry cash? There has been money stolen from wallets and people have actually traced it to locations and holders for users on certain websites due to the public blockchain and transaction ledger that is public ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [October 23, 2013, 4:41pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/24 "2013-10-23T16:41:30Z")
Bitcoin went from $10-$15 to $200+ You can’t compare it to physical money I don’t go and take $10,000 out of the bank and run around the hood for fun(comparable to surfing the internet) The US government is already freezing exchanges ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 24, 2013, 6:18am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/25 "2013-10-24T06:18:56Z")
> [@LZ](#): > > Bitcoin went from $10-$15 to $200+ > > You can’t compare it to physical money I don’t go and take $10,000 out of the bank and run around the hood for fun(comparable to surfing the internet) > > The US government is already freezing exchanges Use different wallets. Don’t keep all your coins in one wallet that is on your phone. I have one wallet on my computer that I transfer from exchanges to and keep for long term and every 10 coins I get hardware keys for. I keep about 2-3 coins in a hosted online wallet for buying and selling coins. I don’t even like keeping more than $100 in my Paypal account. Gotta move between wallets. Same thing why my debt card has a max purchase limit on it and keep my high limit card at home for emergencies. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [October 24, 2013, 6:28am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/26 "2013-10-24T06:28:25Z")
I understand what you do may work. This complex setup does not work for the masses Last year a bunch of peoples Linodes and other places got hacked just to steal bitcoin and that was when they had a lower value. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [October 25, 2013, 1:19pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/27 "2013-10-25T13:19:34Z")
oh boy oh boy, bitcoin ATMs are here! > **[World's First Bitcoin ATM Set to Go Live Tuesday](https://www.wired.com/2013/10/worlds-first-bitcoin-atm/)** > > Three high school buddies from a tiny Canadian town say that they will flip the switch on the world's first bitcoin ATM next week. It will operate near the entrance of a downtown Vancouver coffee house. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [October 29, 2013, 9:15am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/28 "2013-10-29T09:15:04Z")
[http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home](http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home) Man buys $27 of bitcoin, forgets about them, finds they’re now worth $886k ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 29, 2013, 10:51am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/29 "2013-10-29T10:51:26Z")
> [@theblue](#): > > oh boy oh boy, bitcoin ATMs are here! > > [World's First Bitcoin ATM Set to Go Live Tuesday | WIRED](http://www.wired.com/wiredenterprise/2013/10/worlds-first-bitcoin-atm/) Ya they look pretty cool. They specifically said bringing them to the US was a pain with all the regulations. > [@theblue](#): > > [Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k | Bitcoin | The Guardian](http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home) > > Man buys $27 of bitcoin, forgets about them, finds they’re now worth $886k Lucky he still have the private key. A lot of people had old wallets they can’t recover. I am glad this is booming. So many people have coins and looking to do something with them so should have my Bitcoin/Litecoin casino up and running to start generating some investment revenue from share holders. ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [October 29, 2013, 12:18pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/30 "2013-10-29T12:18:22Z")
is there a cliff notes page somewhere where i can read up on bitcoins? i’m pretty interested but dont really understand it. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [October 29, 2013, 12:20pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/31 "2013-10-29T12:20:07Z")
[Here you go bing](http://lmwtfy.schalkburger.za.net/?q=bitcoin) ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [October 29, 2013, 2:04pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/32 "2013-10-29T14:04:17Z")
> [@bing](#): > > is there a cliff notes page somewhere where i can read up on bitcoins? > > i’m pretty interested but dont really understand it. For an overview, this has some videos and readings. [http://www.weusecoins.com/en/](http://www.weusecoins.com/en/) Because it is a unregulated currency that is online, there is no closing of the markets so you can keep track of values and investments here: [Bitcoin (BTC) Price Prediction – 2023, 2025, 2030](http://bitcoinwisdom.com/markets/bitstamp/btcusd) Depending on what you want to do and your long goal, merchant/individual, etc. there can be different things to read. I am jealous you are in Canada and get to use the ATMs in the near future. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [November 5, 2013, 9:19am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/33 "2013-11-05T09:19:41Z")
> **[Bitcopocalypse! Top cryptocurrency can be hijacked, warn boffins](http://www.theregister.co.uk/2013/11/05/bitcoin_exploit/)** > > Selfish miners could derail Bitcoin's decentralized design, according to new study secure! ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [November 6, 2013, 11:56am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/34 "2013-11-06T11:56:29Z")
> [@LZ](#): > > [Bitcopocalypse! Top cryptocurrency can be hijacked, warn boffins • The Register](http://www.theregister.co.uk/2013/11/05/bitcoin_exploit/) > > secure! With the large investments and power being added to the network, this has been a risk for a while. It isn’t really a hack or exploit, just ways miners can cheat the rest of people out of money for mining. It is right up there with these big mining companies releasing tens of Th/s rigs into the network and collecting a ton of rewards until the difficulty adjusts. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [November 7, 2013, 11:20am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/35 "2013-11-07T11:20:14Z")
$324 today ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [November 7, 2013, 11:40am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/36 "2013-11-07T11:40:40Z")
Yea. Debating selling pretty soon and holding off for the next crash before going back in. It has been a fun ride. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [November 8, 2013, 3:44pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/37 "2013-11-08T15:44:21Z")
“Australian Bitcoin Bank Hacked, 4100 Bitcoins=$1.3 Million Stolen” > **[Australian Bitcoin Bank Hacked, 4100 Bitcoins=$1.3 Million Stolen](https://leaksource.wordpress.com/2013/11/08/australian-bitcoin-bank-hacked-4100-bitcoins1-3-million-stolen/)** > > 11/08/2013 RT: An Australian bitcoin bank holding over US$1 million of the crypto-currency has been hacked, leaving an unknown number of users with nothing – one of the largest thefts in the curren… Value keeps going up and leet hax are going to happen more and more. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [November 11, 2013, 6:29am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/38 "2013-11-11T06:29:11Z")
Ya someone put the future value at $1,000,000 per bit coin in the far future. Until they come up with a better wallet security, they will really be out of the consumer space until the education curve ramps up and gets people more aware of security and how to protect themselves. Even my bitcoin casino I have been building is implementing off line storage to prevent someone from highjacking the server and gaining access to the wallet. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [November 12, 2013, 1:02pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/39 "2013-11-12T13:02:42Z")
LOL “A Bitcoin Exchange Holding $4.1 Million For 1,000 Customers Has Vanished” [http://www.businessinsider.com/bitcoin-exchange-gbl-holding-41-billion-vanishes-2013-11](http://www.businessinsider.com/bitcoin-exchange-gbl-holding-41-billion-vanishes-2013-11) ---
**Author:** ![SilverGTP](https://avatars.discourse-cdn.com/v4/letter/s/35a633/32.png) [@SilverGTP](https://forums.speedlife.net/u/SilverGTP)\ **Post date:** [November 27, 2013, 12:57pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/40 "2013-11-27T12:57:25Z")
did it really hit 1000 today? [Previous page](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431.md?page=1) [Next page](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431.md?page=3)