You are the fool. My ether wallet is for Ethereum, not bitcoin. LOL
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Fake 'MyEtherWallet' App Rises to #3 Spot on the iOS App Store's Finance Charts [Updated]
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You are the fool. My ether wallet is for Ethereum, not bitcoin. LOL
Exactly why Android is actually safer than iOS, because everyone knows to be a bit cautious there, people assume Apple is watching their backs.I don't know many who would think they'd be scammed by an app in the App Store. People tend to assume that if it's in the App Store then the app is safe. Scam apps are also usually free so they can capture as many victims as possible. They don't usually have a cost associated with them... 'til after the hook is firmly embedded in the victims cheek.
You know I keep hearing stories like this; here's a test anyone out there try to "get the hell out" of bitcoin while remaining anonymous. You'll need your name, address, bank account details, prove of said IDs. What you did on bitcoin can be anonymous; you try to turn that into real money and you have to declare yourself citizen.
I don't use any of these crypto currencies, but you all seem to be jumping to conclusions about this app...
It shares the name of that website, which is a very generic name, and it charges $5. That is all.
It doesn't use the same icon. It doesn't mention the website. As far as we know, it doesn't steal user information or money.
What has the app developer done wrong here?
It shares the name of that website, which is a very generic name, and it charges $5. That is all.
It doesn't use the same icon. It doesn't mention the website. As far as we know, it doesn't steal user information or money.
What has the app developer done wrong here?
I mean... maybe? I personally don’t use them and never will now specifically because I’ve looked at their Twitter. I’m sure I’m not the only one. Unless their goal is to get people not to use their service?
It also pushes the narrative that people buying into crypto now are incompetent children, which overall means less people with real money will invest which hurts cryptocurrencies as a whole.
Who cares about remaining anonymous? I've rode ETH from $8 to ~$480 in less than a year. A few months ago I took my initial investment out, and I'm playing with house money at this point.. but I didn't have a problem. I sent my ETH back to the exchange, where yes, they have my personal info, I sold, I recorded the sale for tax purposes, and everything is fine.
It's funny to watch the people who missed the boat, or just refuse to try it out, label everything a scam, and a bubble that's about to come crashing down. I've been hearing people say that about Bitcoin since 2011. A lot of millionaires have been made in that time, and Bitcoin/ETH future trading now also only helps legitimize it. I suspect what we'll see in the coming years is a bit of a correction, to less absurd prices, and more stability. By then, the "get rich quick" opportunity will be gone. But crypto isn't going anywhere
It's funny to watch the people who missed the boat, or just refuse to try it out, label everything a scam, and a bubble that's about to come crashing down. I've been hearing people say that about Bitcoin since 2011. A lot of millionaires have been made in that time, and Bitcoin/ETH future trading now also only helps legitimize it. I suspect what we'll see in the coming years is a bit of a correction, to less absurd prices, and more stability. By then, the "get rich quick" opportunity will be gone. But crypto isn't going anywhere
[doublepost=1513015097][/doublepost]MEW doesn't record private key information, and they've been trustworthy. Someone posing as MEW, might capture private keys, in which case, you're gonna get your ETH stolen.
I'm sure that people sophisticated enough to "invest" in Bitcoin as a shield are also "savvy" enough that they already know how to hide their fortunes from the world. I doubt the real players here bought anything in their own name or any entity directly connected to their name. It's just another way to launder money for them.
Considering central banks are frantically printing paper money out of thin air, it’s stupider to be saving your fiat currency.
hmmm not sure I agree with you on that one.
Just because you need some way of identifying yourself to convert BTC to USD or any local currency doesn't mean you can't profit from it.
I've increased my wealth 20x in just a few short months. My neighbour (who introduced me to it) is up over 1000x his initial contribution and the guy who introduced him to it is well into the millions.
I'm not saying it can't just go *poof*, but some people have a real hate towards crypto currencies and I'm not sure it's justified. Obviously only contribute when you can afford to lose.
At the same time you would think Apple would not approve it after all iOS is a walled garden. Main reason why I prefer iOS over other OS including MacOS is because of the walled garden.
Almost nobody really knows what they're doing. It's even harder when the community spreads misinformation about things like SegWit. Kinda sad how we're all investing in it without fully understanding the great technology behind it. I'm not saying it's a bad investment, but everyone should be suspicious of these exchanges, banks, etc. because everything is either a scam or doesn't exactly play by normal rules.
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There are ways around that, but from what I've seen, it comes down to old-fashioned money laundering, maybe with the cryptocurrency slightly facilitating that.
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Exactly. Once this stuff is tradable on Ameritrate or something instead of these ghetto sites like Coinbase, Kraken, and all the ones that are based in China and/or have been hacked, it'll be a lot different. I was in for some time, got out because Coinbase kept preventing me from selling for some reason, but am now once again in because someone is paying me in BTC for web services :/ I'll leave it in this time and see how it goes
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No, not at all. Make all the money you want (and can). Then show me somewhere, no keep it to yourself, look-up somewhere where you can transfer all that bitcoin to cash which is not subject to a per-day limit. You can't. You can swap it among like minded friends and profit from that and do what you want. but when you you've had your fun and games and want to cash-out big style, errr you can't.
Do you really understand cryptocurrencies? Cause I admit I've never read Satoshi's white paper (EDIT: I just did now but haven't looked at any implementations), but I'm wondering why you say this.
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Why exactly are people using or investing in Bitcoins stupid? Just because you don‘t?
Hush now, it’s not too late. Even for you.
Hope this has been a liberating message for you, no need for bitterness.
I bought more than $50k in Apple stock when it was around $3 a share. Not really hurting. But I'm sure you own millions of dollars in Bitcoin so you're all good.
Tell me, how does one withdraw millions of dollars in Bitcoin? For it to have any real value, there needs to be an easy way to transfer it to something more liquid.
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You obviously don't see the issue with a "currency" that has a finite amount and the reason no economic system in the world utilizes such a setup for a really good reason. Keep thinking your Monopoly money is the solution.
Bad things happen when you put your bitcoin in your ether wallet.
You sell it on an exchange like GDAX and withdraw to your bank. It's about as easy as selling stocks, but there are sometimes problems that affect certain people just because the stuff is young and not polished*. People sell millions of dollars in BTC all the time. I think the transaction fees are also comparable to those of stocks.
* I had issues selling $6K of Litecoin just cause Coinbase is glitchy trash and couldn't "verify my identity" even though I put in perfectly legit information. And some exchanges have been hacked.
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This isn't being fair. It's so new and small ($270B market cap is small for a currency) that nothing can really use it yet. It's a somewhat official currency in South Korea now, i.e. it's taxed like regular money. The economic system that uses it 100% is the black market.You obviously don't see the issue with a "currency" that has a finite amount and the reason no economic system in the world utilizes such a setup for a really good reason. Keep thinking your Monopoly money is the solution.
IMO the real issue with cryptocurrency is it requires too much effort on the user's part to not screw up and lose it. On top of that, BTC specifically has high fees and takes a long time, but other currencies have solved those problems while BTC struggles to adopt changes due to its stubborn community. I'd still greatly prefer a "fiat" currency if there were a government committed to *not* printing out money like it's nothing...
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I mean you clearly don't know much about bitcoin if you think it's difficult to exchange for fiat... And personally I see more of an issue with an economic system that allows an infinite amount of money - how much and consequentially the value of which is arbitrarily decided by politicians - but to each their own. It's great that you made some money off of Apple stock, there are people out there who have made many times that off of bitcoin... There's a hard drive in a landfill somewhere in the UK with $127 million sitting on it because of bitcoin, and there are 10 bitcoin wallets worth over a billion dollars and hundreds that are $100m+.I bought more than $50k in Apple stock when it was around $3 a share. Not really hurting. But I'm sure you own millions of dollars in Bitcoin so you're all good.
Tell me, how does one withdraw millions of dollars in Bitcoin? For it to have any real value, there needs to be an easy way to transfer it to something more liquid.
You obviously don't see the issue with a "currency" that has a finite amount and the reason no economic system in the world utilizes such a setup for a really good reason. Keep thinking your Monopoly money is the solution.
Fun fact: You would have made more money investing $100 in bitcoin 7 years ago than you supposedly did by putting $50,000 into Apple 13 years ago.
I don't think crypto is as revolutionary and world-changing as a lot seem to, but claiming it's "monopoly money" is disingenuous.
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Completely agree, we've just had the first dapp created on the Eth network, dash and lite coin sort out the scaling issues that BTC has, IOTA could be absolutely wonderful given it removes the need for miners. It's not like the first iteration of the internet was decent and let's not forget that online shopping won't catch on