Quote from: CyberKuro on April 29, 2017, 04:13:32 PM

Quote from: Prophet_Of_God on April 29, 2017, 09:45:42 AM

Quote

Shell Game
https://en.wikipedia.org/wiki/Shell_game
The shell game (also known as thimblerig, three shells and a pea, the old army game) is portrayed as a gambling game, but in reality, when a wager for money is made, it is almost always a confidence trick used to perpetrate fraud. In confidence trick slang, this swindle is referred to as a short-con because it is quick and easy to pull off.

https://pbs.twimg.com/media/C-e16GsXkAAmAcR.jpg
https://pbs.twimg.com/media/C-NS6HSWAAAJHZU.jpg
There's a lot of people currently living in mansions earning millions for doing nothing. They're all insolvent. It's not going to end well.

It doesn't take a prophet to see that it's only a matter of time before all these exchanges collapse. Shocked

Now is your last chance to withdraw your coins and savings. Shocked

Don't say I didn't warn you. Shocked

The lord has spoken. Shocked

Not all of exchanges as there are a lot of reputable which has been around for years, what you've mentioned was the new one maybe.

Mt. Gox had been around for years, but it "went bankrupt" and took about 200,000 Bitcoin. It was huge.

The lesson is that Bitcoin exchanges are barely regulated and they're not insured. People like to talk about whether banks are trustworthy when we say that exchanges are unsafe, but banks are insured by governments usually up to around $100,000 per year - they're also heavily regulated and
usually have been running for many years rather than just a few like Bitcoin exchanges. Banks do mess around with your money but your money is safer than a Bitcoin exchange (although not a Bitcoin wallet, since those can be very, very safe).