Originally posted by MrMarkyMark
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Cryptocurrency
Collapse
X
Collapse
-
-
Originally posted by MrMarkyMark View PostEven then, I also know someone who lost £140K with Mount Gox, when trying to exchange Bitcoin to Fiat, as I have discussed before.
This is why I'm only keeping money in places that I control. If you don't learn you don't earn."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by psychocandy View Post
Thing is he had made all that money, from very little, as he got into Bitcoin very, very, early.
Good darts for an HGV driver, I was gutted when it didn't work out for him.
Originally posted by scooterscot View PostIf you keep your money on a exchange it no longer belongs to you. Just like if you keep your money at the bank. You effectively give the bank a loan every time you make a deposit. It simply is not your money.
This is why I'm only keeping money in places that I control. If you don't learn you don't earn.
It was stolen at the point of exchange.
Quite a costly "lesson" TBF.The Chunt of Chunts.Comment
-
Originally posted by MrMarkyMark View PostIt was stolen at the point of exchange."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostHow is that possible? You can't duplicate an address. Otherwise the blockchain would fail.
As far as I know he released the coins to exchange them for Fiat and then Mark Karpelès effectively stole the coins.The Chunt of Chunts.Comment
-
So it was not the coins fault but the user employing an untrustworthy exchange? Don't mean to be crass, but that can happen with any currency with anybody. Especially with that amount of cash. Always best to transfer a small amount at first to test."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostSo it was not the coins fault but the user employing an untrustworthy exchange? Don't mean to be crass, but that can happen with any currency with anybody. Especially with that amount of cash. Always best to transfer a small amount at first to test.
As I said before, I know a number of people that had made transactions with them prior that were OK.
I will be interested to see how it all turns out for youThe Chunt of Chunts.Comment
-
Originally posted by MrMarkyMark View PostI will be interested to see how it all turns out for you"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Banks got pretty hefty guarantee in case of failure - most people don't even have £10k cash in bank, nevermind £75k covered by guarantee.
Bitcoin got no guarantees - if it's stolen then it's gone.Comment
-
Took about 2 weeks but now I can buy £325 worth of coins on Coinbase. Not that it helps if I can't buy from them. Checking my history I can see the first attempt to buy Liteoins. Whoever cancelled wasn't me nor my card.
Visa credit ********7673 £100.00 GBP Canceled May 7, 2017Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment