just trading bitcoin is not illegal anywhere in the world as far as i know, and so far all the arrests or problems with the law that i have seen was another type of problem like (most times) tax evasion, or money laundering, or scamming people, and other crimes which has nothing to do with bitcoin trading.

be careful when you want to "grow" your bitcoin because there are a lot of scammers out there who will take your bitcoins with the promise of profit and then run away with it and you will have nothing to even prosecute them because they were anonymous people on the internet who just had a website.

and i have 2 friends inside two of the major global organizations who both told me their gigantic organizations are going to invest bijillion dollars in bitcoin but they both told me they are reluctant to send me evidence.

i thought Chinese were already inside bitcoin! they have always been investing with a lot of money in crypto currencies. do you remember last year and what they did with litecoin around LTC halving?
and do i even need to mention the mining farms in China?

don't use coinbase for "keeping" bitcoin. you can use them for purchase if you like but never keep your bitcoin there. there is a lot of risks when you hold your coins in a web wallet especially one that you have no access to private keys.

use blockchain.info for web wallet : high risk
or use a desktop wallet which have lower risk if it is connected to internet and no risk if used always offline:
bitcoin core : full node (>60 GB)
Electrum : SPV wallet (30-40 MB)

or use paper wallet for max security.

nobody buys bitcoin on yobit! their bitcoin-fiat markets are so dead. the only reason why you are seeing buys now on yobit is because of the sudden price change which will lead to all exchangers balancing out their price but all the volume there is less than 0.1 most of the time.

bitcoin has always been a real money the only problem with bitcoin is that not everybody accepts bitcoin as payment so there is always limitations to where you can spend your bitcoin

it was bound to happen eventually, all these ponzi schemes should come to and end sometime. if they were a legit cloudmining service they would have continued working because of the price rise because they would have earned a lot more money to cover the maintenance fee

yeah, generally any wallet that is not offline is not safe either. because you can be infected by a keylogger which you are not even aware of.
also as far as "running away" goes, it is restricted to those web wallets which have access to your private keys instead of you like coinbase.

nobody in their right mind would continue using faucets. i have used them when i started using bitcoin but my usage didn't last long because with a simple calculation you can find out how much money you are getting back for the time you spend.

also my favorite was that famous faucet (freebit.co.in or something like that) where they had also a multiplier which you could play dice with your earning and have chance at gambling and maybe doubling your income.

it is all about earning money with this coin. and buying a VGA is like an investment which you can always use to mine another coin which becomes more profitable in possible future. right now you can mine and dump eth (or dump at tops) for the ROI.

yeah a pump and dump altcoin with 70 million premine and no max limit to the coin available is going to beat bitcoin for sure. a coin that needed to spam all over the internet to pump itself to the top nonetheless!


MS. paint hard at work

this is a valid concern that all of us who trade on any exchanger have. and there is not a damn thing that we can do about it. we have to accept this big risk if we want to continue trading.

reading the comments, USDT seems like an excellent solution but i am a little concerned about how good and reliable it can be. specially because i don't like having a wallet of any altcoin on my computer at all.

they usually have enough for their customers. the important thins is to only buy these things from trusted services like gyft or anything like it because there are many scams in this area which mostly buy it with stolen credit cards and can make some trouble for the buyer.

most probably yes.
this topic was created on 2015-01 and people asked for bet ID or username which OP said i don't provide because i will be hacked and even after (alleged) withdrawal no bet ID haha.

another important thing is the number of loses before this win. he could have lost 10,0000,000 times before this and won once you can calculate his winning i am sure

i agree. but i just want to add that martingale being a safe method doesn't mean it is a good method. because it is only safe in a sense that you are sure that ONLY if your bankroll can handle a lot of losses then you will be in profit after the last win after the losing streak.

i generally don't spend bitcoin much because there are so few places that i can spend bitcoin at. but also the scenario which is mostly applicable to these days is that i have bitcoin as an investment which is also rising in price so i prefer holding it rather than spending it.

earning money with bitcoin whether it is $5/h or it is $1000/h has nothing to do with being a "bitcoin newbie". you can earn any amount based on your skills and how newbie you are in those skills not in bitcoin.

so look to yourself and find your skills which you can monetize.

so far i have used bitcoin mainly as an investment meaning that i have bought it to hold. but also as far as spending bitcoin goes i mostly spend it as another form of investment by buying altcoins (lol) in order to make more bitcoin.
and finally i have purchased games and related stuff, domain+hosting,... with bitcoin.

wow this topic is turning into an insult fest. what the hell?
and the funny thing is that this insult fest is not the first time happening each time i see this from the early $300 price until now and bitcoin has been rising so far.