Depends on what u bought your bitcoins at 20 of them at 15000 each or 20 of them at 3500$..
I own on a fraction of 1 ..300$ worth that's all I think it's worth investing in ..it's to up and down .. but Bitcoin isnt going anyway ..it rebounds always .. Bitcoin is starting to get into everything
I own on a fraction of 1 ..300$ worth that's all I think it's worth investing in ..it's to up and down .. but Bitcoin isnt going anyway ..it rebounds always .. Bitcoin is starting to get into everything
Well i was against bitcoin and didnt get suckered into the hype last year when everyone was going crazy. Finally it crashed and stayed in the $3500 range. So decided to use betcris's bitcoin withdrawal option to re-direct some of my withdrawals to my blockchain.info wallet over the past few months. All withdrawals happened when the bitcoin was in the $4300 to $3500 range. I really haven't signed up for an exchange to convert to fiat and was going to let it ride to see what happens. I feel like i should have just simply stayed out but was just using winnings. Wondering if i should just hold onto it or send it back to my betcris account with one big deposit.
From yesterday...
QuadrigaCX, a crypto-exchange based in Canada announced that it is down for maintenance. This is probably not only a technical issue. The firm is mired in a legal battle with CIBC, one of Canada's largest banks. Things look worse for users who want to withdraw funds. Social media is full of complaints and concerns that the company is out of business.
Apart from the legal issues, there is also a more tragic side: the death of Gerry Cotten, the founder of the exchange. According to some speculation, Cotten may have had the keys to the cold storage.
While QuadrigaCX's story may seem an isolated issue, issues with exchanges do not help the crypto-sphere.
Doesn't sound like the entire sky will fall on Bitcoin but who knows
QuadrigaCX, a crypto-exchange based in Canada announced that it is down for maintenance. This is probably not only a technical issue. The firm is mired in a legal battle with CIBC, one of Canada's largest banks. Things look worse for users who want to withdraw funds. Social media is full of complaints and concerns that the company is out of business.
Apart from the legal issues, there is also a more tragic side: the death of Gerry Cotten, the founder of the exchange. According to some speculation, Cotten may have had the keys to the cold storage.
While QuadrigaCX's story may seem an isolated issue, issues with exchanges do not help the crypto-sphere.
Doesn't sound like the entire sky will fall on Bitcoin but who knows
Doesn't sound like u lost alot ..but I know coinbase let's u withdrawal thru PP....but if u have 70,000$ In btc you may get those tax forms to fill out from any of the big exchanges if u cash that out..
They send them mandatory to big buyers and movers.. I wish I had advise for u man .maybe start slowly taking it down to 5 btcs
Coinbase fees are ridiculous. If i get out of bitcoin, i will simply send everythign back to my betcris account and use my regular withdrawal options no point in using coinbase.
I am just curious to see what bitcoin experts think of the market....is it going to further crash or would it climb back up. how is the future looking
thanks for the input though.
I did some digging into this....Quadrigacx site has been offline for 4 days now. They already had issues for months. Lots of people who have money there are worried. Quadrigacx was going to be my exchange if i cashed my bitcoins to my account becasue they offer 10 to 15% better rate their other exchanges but i was quitely watching them. They just kept going down and down and now it looks like exit scam. lots of info in the reddit subthread https://www.reddit.com/r/QuadrigaCX/
I know that to dis bitcoin on this site is the kiss of death for some odd reason but let me tell you that I know a thing or to about Bitcoin and it is dangresous and ou should stay away.
I sold my holdings in Dec 2017 and made a considerable sum but for now yes it will crash and there will be alot of fallout
Sorry to be the bearor of bad tidings but bitcoin is a scam
I sold my holdings in Dec 2017 and made a considerable sum but for now yes it will crash and there will be alot of fallout
Sorry to be the bearor of bad tidings but bitcoin is a scam
it's alternate currency that isn't regulated .. if it's a total scam .. why does Amazon for example take Bitcoin as payment for products.. Bitcoin will be the wave of future .. cryptos aren't dying out completely.. it's just hard to understand for people took me years to figure out how it works
Good luck to you sir! Bitcon is NOT A SCAM! Yes it's fallen 92% since Dec 17 highs, but THAT DOES NOT MAKE IT A SCAM, its still a good deal. Like for exapmle if you bought a house in a nice street and it fell in value by 92% would you sell? HELL NO, you'd still live there
So in conclusion, Bitcoin is NOT A SCAM so DO NOT DIS BITCOIN!
I hear you but that is a bad example. I can live in the house and it would be my dwelling. Bitcoin is just a number/program in the computer. Its like i bought a house in a nice street and year later learning that scientists have discovered that the entire street is sitting on a weak porous limerock vulnerable to sink holes.
