Monero and Iota are skyrocketing now... I have a few XRM but Iota isn't on one of the exchanges I use sadly. I've heard sketchy things about Bittrex too..
Monero and Iota are skyrocketing now... I have a few XRM but Iota isn't on one of the exchanges I use sadly. I've heard sketchy things about Bittrex too..
They had an episode about this on The Big Bang Theory
I still don't know how someone would 'mine' for bitcoins and then actually convert them into real cash...
maybe that's why I be po'
You convert to cash to buy stuff you cant buy with BTC
You convert them in coinbase, they send to your bank
I dont understand either.
What can you buy with bitcoin? I saw where the Steam marketplace (whatever the fuck that is) isn't accepting it as payment any more.
Hit men, illegal porn, drugs, black market weaponsOriginally Posted by Muddy
https://www.coindesk.com/information...with-bitcoins/
Plenty of things, or you switch it back for cash
Bitcoin has a dollar value. The dollar value fluctuates like stocks do. You can "sell" your bitcoin(s) like you sell your stocks, you just have to do it on an cryptocurrency trading platform, like Coinbase. It's just like stock trading or like exchanging currencies when you're traveling abroad.
Alt-currencies are useful on the Darknet, if you're into that sort of thing... except legit businesses are looking into bitcoin now, as its decentralized nature seems to make it more secure than most conventional credit schemes used by businesses, which is why its value has skyrocketed. It's about to become more than just an alternative currency.
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Godfather (12-09-2017), PorkChopSandwiches (12-07-2017)
Now that's interesting. I didn't realize so many businesses accepted it now.
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And oddly enough, there's a bunch of alternative currency related stocks that have appeared on the NASDAQ. I've been checking out RIOT, which is a stock centered around the Riot blockchain. It fluctuates between $13.50 and $15+ per share, which makes it a prime candidate for day/swing trading. If you have $25K-$30K and you don't mind gambling a bit, you could probably make some money off of it.
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Millions May Have Been Stolen in a Bitcoin Marketplace Hacking Heist
Cryptocurrency marketplace NiceHash said the contents of its bitcoin wallet had been stolen in a security breach and one executive said nearly $64 million had been lost.
NiceHash head of marketing Andrej P. Škraba told Reuters on Thursday that the hack was “a highly professional attack with sophisticated social engineering” and that about 4,700 bitcoin, worth about $63.92 million at current prices, were lost.
He said the company was co-operating with local authorities but declined to give more information.
Earlier, Slovenia-based NiceHash said in a statement posted on its website that it had halted operations for 24 hours as it investigated the breach.
NiceHash is a digital currency marketplace that matches people looking to sell processing time on their computers in exchange for the digital currency bitcoin.
NiceHash advised users to change online passwords, saying it was still trying to understand what had happened during the incident.
“We understand that you will have a lot of questions, and we ask for patience and understanding while we investigate the causes and find the appropriate solutions for the future of the service,” the company said in its statement.
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