Topic: What are some bitcoin companies a noob should avoid? (Read 928 times)
This is useful. I'm pretty new to the whole business and don't want to get scammed. Thanks everyone!
I've had good experiences so far with " Coinex " and " Cryptsy " have added coins, gotten payouts on coins to my wallet or another exchange, an coinex has mining pools for those who jump around to most valuable coin to trade with.
Not sure about the others, I do know Mt Gox raised flags since it's almost always having the highest bitcoin value of all exchanges, that's just a red flag to stay away, any site that needs to promote via false inflated values needs to be avoided like the plague.
As for scams,
Gambling as from what I've seen is more set up than vegas, in other words you'd be more profitable playing the state lottery every day, pick 5 or pick 3 n 4 mid days, there is always Keno.
Just remember, TRUST NO ONE. It isn't the X files, but has just as many creeps.
Not sure about the others, I do know Mt Gox raised flags since it's almost always having the highest bitcoin value of all exchanges, that's just a red flag to stay away, any site that needs to promote via false inflated values needs to be avoided like the plague.
As for scams,
Gambling as from what I've seen is more set up than vegas, in other words you'd be more profitable playing the state lottery every day, pick 5 or pick 3 n 4 mid days, there is always Keno.
Just remember, TRUST NO ONE. It isn't the X files, but has just as many creeps.
Bitstamp if you are in the EU.
Hi all,
Whats the best website for bitcoin exchange. I have read on this forum that Mt.gox isn't very trust worthy.
How does the selling of Bitcoins work, can you sell instantly like stock, or do you have to find a buyer manually? Can you easily buy on low and sell on high? EG it went from 240 -250 about three times today.
Perhaps I'm a bit late jumping on the band wagon but I'm very interested.
Whats the best website for bitcoin exchange. I have read on this forum that Mt.gox isn't very trust worthy.
How does the selling of Bitcoins work, can you sell instantly like stock, or do you have to find a buyer manually? Can you easily buy on low and sell on high? EG it went from 240 -250 about three times today.
Perhaps I'm a bit late jumping on the band wagon but I'm very interested.
Dang....
You don't recommend HashFast?
Who do you recommend?
Someone with hardware ready to ship. You don't recommend HashFast?
Who do you recommend?
Hashfast promised to ship by the end of october, but now screwed up everyone.
Yup, they promised to ship by the end of october but their policy said latest by 31 december... So I guess they will just try to meet that deadline instead...
Dang....
You don't recommend HashFast?
Who do you recommend?
Someone with hardware ready to ship. You don't recommend HashFast?
Who do you recommend?
Hashfast promised to ship by the end of october, but now screwed up everyone.
You are correct on HashFast. I contacted HashFast for the shipment date several weeks ago. Then, I recently asked them again for the updated shipment date, which has changed. They won't tell me why - but I suspect it's related to ASIC issues.
The odds at a casino are usually much better than a pre-order.
Dang....
You don't recommend HashFast?
Who do you recommend?
Someone with hardware ready to ship. You don't recommend HashFast?
Who do you recommend?
Hashfast promised to ship by the end of october, but now screwed up everyone.
Dang....
You don't recommend HashFast?
Who do you recommend?
You don't recommend HashFast?
Who do you recommend?
HashFast
Along with every other mining company.
Along with every other mining company.
The problem with Gox is getting your money out, in terms of delays and charges.
Localbitcoin is usually pretty quick and reliable (in the UK anyway) so that is a more realistic value as to what you can actually get.
Localbitcoin is usually pretty quick and reliable (in the UK anyway) so that is a more realistic value as to what you can actually get.
is MT Gox a bad one to use??? their exchange rate seems the highest
I see many experienced people on this forum use the exchange rate from MT Gox when they request some kind of trades...
What is the fair market value? Published rate at BitPay or just look at multiple exchange listings and take something in between?
The price seems a bit higher for the localbitcoin guys
I see many experienced people on this forum use the exchange rate from MT Gox when they request some kind of trades...
What is the fair market value? Published rate at BitPay or just look at multiple exchange listings and take something in between?
The price seems a bit higher for the localbitcoin guys
newbies should probably focus on companies that have been proven reliable rather than avoiding companies that have been proven unreliable.
I know about the basics...but bad gambling sites, exchanges anything will help, thanks
MT Gox
Butterfly Labs
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?
?
MT Gox
Butterfly Labs
?
?
?
Thanks for sharing, I guess those 2 are the biggest scam on earth for Bitcoin, what about Labcoin.....
I know about the basics...but bad gambling sites, exchanges anything will help, thanks
MT Gox
Butterfly Labs
?
?
?
MT Gox
Butterfly Labs
?
?
?
It's easier to ask what companies can be trusted since the number of them is much less.
Before trusting anything you should search this forum, especially the Scam accusations sub forum https://bitcointalk.org/index.php?board=83.0 .
If it's a scam it has most likely been talked about here before.
If it's a scam it has most likely been talked about here before.
You pretty much have to do your research, there are a LOT...
Here are some good sites to research:
http://bitcoinscammers.com/
http://www.coinjabber.com/currency/bitcoin
http://usebitcoins.info/
I'm trying to get payment proof on as many sites as possible..
Here are some good sites to research:
http://bitcoinscammers.com/
http://www.coinjabber.com/currency/bitcoin
http://usebitcoins.info/
I'm trying to get payment proof on as many sites as possible..
I know about the basics...but bad gambling sites, exchanges anything will help, thanks
MT Gox
Butterfly Labs
?
?
?
MT Gox
Butterfly Labs
?
?
?
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