Quote:
Originally Posted by bigwill832
Notice that the OP stated that Bitcoin is in a bubble: "...that specializes in helping people to take advantage of the cryptocurrency bubble."
At least he does acknowledge that and the fact that it will burst at some point. I am curious though, how would a customer ever challenge a bitcoin transaction and get their money back?
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All transactions are handled via an escrow service, and the client retains botht the bitcoin wallet, as well as all the login info to the wallet unless actively trading at the time.
There are essentially two ways of treating bitcoin right now, you can become a day trader and speculate on its worth on a daily basis buying and selling during the rise and fall over the course of that 24 hour window. NOT RECOMMENDED as this has the highest probability of loss, also unless you are investing a large amount you may not see enough of a return on this to make it worthwhile.
The second method is to treat the investment like a bond that will mature after a period of time. The current bubble will expand and the market is already picking up with the "main stream" public getting involved. The problem is that the majority of them do not understand block chain technology, nor do they understand what drives the market technologically.
So you would want to shoot for a 6 mo to 12 mo max investment time for the bond to mature.
So that's a freebie for you all. I really should be charging for this info. Hah
Sorry to all that have messaged me or replied on the board, I've been a busy bee so haven't had the opportunity to visit the site much.
I'll check back quite often.