Quizzes & Puzzles12 mins ago
Hi Does Anyone Know Anything About Bitcoin
12 Answers
Is it legal?
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No best answer has yet been selected by Tamirra65. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It's important not to confuse Bitcoin with sites such as Bitcoin Trader. Investing in Bitcoins is a sound enough idea if you don't mind taking risks but Bitcoin Trader is a scam and you'll lose all your money there.
Investments in Bitcoins can see rapid profits but, equally, the value of your investment might be halved overnight. There are lots of other virtual currencies and the best gains are often to be made by getting in on the ground floor of new products.
If I'd got a few thousand pounds to play with (where it wouldn't matter too much if lost most of it) I'd definitely be putting it into virtual currencies but I don't want to risk the small amount of money that I have.
Investments in Bitcoins can see rapid profits but, equally, the value of your investment might be halved overnight. There are lots of other virtual currencies and the best gains are often to be made by getting in on the ground floor of new products.
If I'd got a few thousand pounds to play with (where it wouldn't matter too much if lost most of it) I'd definitely be putting it into virtual currencies but I don't want to risk the small amount of money that I have.
The internet is fully of dodgy dealers and 'wonder apps' that claim to ensure that you'll make money from Bitcoin transactions. This site though seems to get the approval of many financial journalists:
http:// bittybo t.co/uk /
http://
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