Yes I dabble in bitcoins and crypto as such for the
last 10 to 15 years at least if not longer . I started out
with the all-in-one bitcoin services like a drive-thru
that provides everything for you and of course you
pay a price for the services.
They have a bullseye on you pretty much and you do
tend to get hacked from time to time, just
like fresh fish... or meat...easy targets....
Every now and then someone would approach you for
a business venture and yes I've been taken at least
once maybe twice for quite a bit of $$$, even just
help
someone on a dating site and they wanted you to pay
in "bitcoins" ... so be wary of requests to pay in
"bitcoins"..so no no more ventures....
Bitcoins transactions usually can't be traced or
investigated if someone robs you blind.... or you may
not even be aware until it has already happened and
you are flat broke....
Yes, a high demand for bitcoin knowledge and
money as well.
You see it on tv from time to time, these people that
get caught using bitcoins the wrong way yep, yep you
still have to report what you make.
It's a learning experience and yes it's like having
another bank account just for bitcoin saving and
transactions.
I eventually branched out and left the all-in-one
drive-thru service and got my own separate thing
which you can do and life has been great without all
the hidden fees and money they make off of your
newbie's lack of knowledge.
I had started mining bitcoins and it was pretty
Lucrative at times and unregulated earlier on but after
a while everyone had to report in to big boys and you
know who they are.... yep, you have to pay taxes on
your earnings now or not too long ago too just like
those new banking apps where you transfer funds
back and forth.
The big boys count some of transactions as income
believe it or not, even if you are just helping someone
out in a time of need.
They are all electronic transactions, can't hide
them...
Somebody sees them.... Even your bitcoin
accounts.... all of them....
Bitcoins is not cash or credit, and cash or credit is
not bitcoins so don't confuse them.
Bitcoins are bitcoins, cash is cash, and credit is credit
- none of that has ever changed not that I know
of....even today....
You just interchange them like foreign money, they
are just recognized foreign or Internet or digital
currency.
Only few people accept bitcoins today so you still
have to convert them to the dollar in order to
use them just like any other type of currency and Yep,
I've both made and lost money in bitcoin like
anyone else but it's still an experience that many
don't
have since I have my own thing now as they call it
and not using the all-in-one service that I started out
with.
I almost cried when I saw the fees when going to
transfer my bitcoins funds out - they don't want you
to go..... even for just a few bitcoins, you almost had
nothing left at the end of the transfer but I left
anyway.
Yes i have several bitcoin mining rigs seup which I
built myself and they have netted me a decent
amount of $$$ so far which i convert to US $$$.
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In addition I invest in Crypto or Bitcoins as well just
like investing in the Stock Market and it has been a
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learning experience and can become very very
lucrative overnight or in a short time period compared
to the Stock Market, mutual funds, money market
CD's, high yield accounts, etc. so you just have to
have an eye for it just like anything else.
The bitcoin mining has its ups and downs and
slightly collapsed about a year or two ago
but it slowly made a comeback and i still monitor it
just like the Stock Market to see how things are
going... Yes you can make a decent amount of
money mining bitcoins as well with the right mining
rig(s) setup and but maybe not more than you could
make in the Stock Market where you just have to be
able to play your cards right but still enough to take
home. The next step up from mining is investing in
crypto but you gotta know
how to understand it just like reading an electronic or
building blueprint or drawing.....
Like they say, nature always finds a way to fix itself
when something goes wrong or somebody screws
something up.... when you just don't know how to do
something, you find another way..... always another
way to learn or do something....