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1  Economy / Investor-based games / Re: 15BIT.BIZ IS A SCAM BEWARE on: June 26, 2016, 10:00:53 AM
All HYIPs are scams and they are easy to spot - any site that offers more than 10% per year is most likely a scam... so do some research. www.badbitcoin.org is a good place to start.

If you do want to invest in them, find a good HYIP monitor and get in early. The problem is that most HYIP monitors don't invest and are actually paid by the HYIPs to report falsely. But ultimately, NEVER invest/gamble more than you can afford to lose.

I run www.stacksofcoin.com which is a site dedicated to finding them, and I invest my own bitcoin to verify if they are paying or not. Sounds insane, but there are literally hundreds of these sites and the majority are instant scams - many of which can easily be identified. Generally, the higher the return, the more likely they won't pay at all.

For the record: 10bit ran for 28 days (280%), 15bit is on day 24 (240%) so although they are scams, you can sometimes get lucky.

2  Bitcoin / Bitcoin Discussion / Re: bitcoin invest on: March 01, 2016, 12:58:42 AM
i know bitcoin itself is already an investment but i have 3 bitcoin sitting around and I'm looking for a quick 5% flip any idea??

You don't specify how quick 'quick' is, or your appetite for risk. These are the 2 things you need to know when investing.

Do some research on HYIPs if you want it today and are willing to risk the lot. Or try peer-to-peer lending, pooled investments, and margin-funding if you want to learn some investing basics and slowly work your way up to solid returns for the rest of your life.

But always remember the basic rule of investing - if it sounds too good to be true, it is!

3  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: March 01, 2016, 12:23:45 AM
Continual negative mainstream media from outlets owned by large financial institutions and companies with a vested interest in keeping things the way they are.
4  Other / Off-topic / Re: Worst mistake you did with Bitcoin? on: February 29, 2016, 04:44:17 AM
Yep, worst mistake was waiting too long and then thinking I could make money from faucets and PTC sites. Way too much time wasted on them.

But, no regrets, it's never too late. I now live and breath it.
5  Bitcoin / Bitcoin Discussion / Re: any bitcoin wallet that pay interest for keeping money? on: February 29, 2016, 04:31:33 AM

As everyone already has said, there is no wallet provider that pays interest on your stored bitcoin.

For someone to pay interest, the bitcoin needs to be invested somewhere (lending or trading) and hopefully returning higher interest than what they pay out. This is how normal bank savings accounts work. The beauty of bitcoin is that you can do this yourself and there are heaps of options, but you need to understand the risk involved. So do your own research.

Following are a few options:

Magnr provide a savings account which pays 2.35% (low risk)

BTCPop have a 5% savings account which is low risk and then a range of pooled investments which can pay up to 50% but are higher risk as the funds are used for peer-to-peer lending.

Bitfinex have a margin-funding system where you can lend your bitcoin for others to trade. Returns vary and it sounds crazy but is fairly well run.

Then there are the ponzis/HYIPs - high interest but extreme risk - you have been warned.

The basic rule is: the higher the interest paid, the higher the risk.

Check out www.stacksofcoin.com/invest-bitcoin for more info.
6  Bitcoin / Bitcoin Discussion / Re: One question nobody is asking... on: February 29, 2016, 03:47:12 AM
So my question is,
How can this technology benefit the "unbanked" in developing countries within the next several years? Really, how close are we to smart contracts and self driving cars and a sustainable BTC price of >$1000?


Too funny for words.

You actually have some reasonable answers here from members of the bitcoin community that you simply ignore for fear of oversimplifying your own nonsense argument about self-driving cars and people writing checks.

Is your issue with bitcoin, or is there no support line for your phone company?



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