If you have Bitcoin, better give this service outage warning from Coinbase a thorough look

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I don’t comment about Bitcoin very often. After all, anything I say today will be off by 20% or 40% by tomorrow. Suffice it to say that Bitcoin’s been
[See the full post at: If you have Bitcoin, better give this service outage warning from Coinbase a thorough look]

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Any connection with this, or co-incidental?

https://www.tripwire.com/state-of-security/latest-security-news/nicehash-temporarily-ceases-operations-following-security-breach/

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Is there any legitimate, let alone sensible, reason for people to buy bitcoins? I’ve always rather assumed that bitcoins only appeal to criminals on the dark web, hackers, extreme currency gamblers with more money than they know what to do with, and ransomware victims who should know better than to pay up in the vague hope that they will actually hear again from their attackers. However, I could well be wide of the mark, I suppose.

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I think the Big Sharks have been manipulating Bitcoin prices and profiting from the Small Fish gullible investors.
… Just wait for the Big Drop coming soon.

This kind of price manipulation happens also in the Stock Market, eg notice that the World Stock Market Crash’es about every 12 years like clockwork, ie 1973, 1985, 1997, 2008 …

Stock Market trading only began to gain mass market or small fish appeal during the 1960s with the introduction of mass communication through home-telephones.

2 users thanked author for this post.

HiFlyer, BobbyB

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Seff wrote:

… I’ve always rather assumed that bitcoins only appeal to criminals on the dark web, hackers, extreme currency gamblers with more money than they know what to do with, and ransomware victims who should know better than to pay up in the vague hope that they will actually hear again from their attackers. However, I could well be wide of the mark, I suppose.

No, and you can add Woody to your list of criminals, hackers et al…

Then again… most banks probably have the same list as their customers?

If one believes in bitcoin, then one clearly would be an idiot not to purchase and mine as many as possible! Where else do you see a “stock value” sky-rocketing this fast?

Me? I expect a major blow-out one day…

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I bought some bitcoin last year to buy some software because they were offering 10% off if you used bitcoin. I bought $400 worth (0.7 BTC at the time), figuring I would use the remainder over time. I bought a VPN subscription later, then forgot about it. This weekend, I saw the news that Bitcoin was over $10k, and dug out my wallet. I still had ~0.3 BTC left, so I sold all but 0.1 BTC on coinbase. In theory (and I am not holding my breath) I will get $2300 deposited in my bank on Friday. If so, I will be tickled pink by the whole thing.

I also believe it is headed for a crash, but whatever, I bought some, used it for what I wanted, then cashed out the change for bonus profit I wasn’t expecting!

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