Q&A Do you use Bitcoin?

Do you use BitCoin?

  • Yes I do!

    Votes: 6 22.2%
  • Nope!

    Votes: 16 59.3%
  • No! I don't trust it!

    Votes: 5 18.5%
  • I've never heard of it!

    Votes: 0 0.0%

  • Total voters
    27
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AlanOstaszewski

Level 16
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Top poster
Malware Hunter
Jul 27, 2017
779
Half a year ago I invested 25€, first in Bitcoin and then in Litecoin. The value has decreased very much. I wanted to make 50€ out of 25€ and double the money. I'll probably have to keep waiting.
Bildschirmfoto_2018-06-30_13-10-41.pngBildschirmfoto_2018-06-30_13-11-22.png
I don't use it as a payment method, it doesn't make much sense unless you want to buy something in the Dark Net.
 

TairikuOkami

Level 31
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Top poster
Content Creator
Well-known
May 13, 2017
2,074
All bitcoin money is protected with one password, if someone gets access to your account, your money is gone forever, since the main point of BTC is to be untraceable. It is also not covered by anything and police will not care, if you report it stolen, since it is not real. It is a high risk investment.

On the other side, the idea is good, but the implementation is bad. Once the cryptocurrencies get generally accepted, they might be worthwhile.
 

RoboMan

Level 34
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Content Creator
Well-known
Jun 24, 2016
2,342
Yes I do. Although very rarely. I recieve payments for bug hunts, translation volunteering for software, vulnerability reports. And all these I do only when I have time so it's not that much money on my BTC wallet. But I use it, have it protected on a site with something like triple encryption, 2FA, and confirmation via 2 e-mails for every transaction.

Question for all of you:
If you had money on bitcoin, would you wait for its value to increase or would you change it to local currency right now?
 
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Deleted member 178

Question for all of you: If you had money on bitcoin, would you wait for its value to increase or would you change it to local currency right now?
50%-50%, i change half now and the rest will be an "investment"
 
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karthic1998

Level 4
Jan 23, 2017
198
All bitcoin money is protected with one password, if someone gets access to your account, your money is gone forever, since the main point of BTC is to be untraceable. It is also not covered by anything and police will not care, if you report it stolen, since it is not real. It is a high risk investment.

On the other side, the idea is good, but the implementation is bad. Once the cryptocurrencies get generally accepted, they might be worthwhile.
On blockchain website you needed the login id which is very difficult to find so it’s safe
 
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