Pop bitcoin

But he clicked on a fraudulent link, which led him to a phishing site, a complete clone of the real thing. He had 84 bitcoins, and the fraudsters transferred 83 of them.

Cryptocurrency bubble

While the final identity of the fraudsters could not be identified, we were able to have the wallets frozen, so at least denying access to the stolen funds. My Bitcoin journey didn't start as an investment. At first, it was a form of transferring money, I didn't have to wait for confirmation from banks and so on - it was convenient. In , I noticed I'd make a transfer, leave some Bitcoin in my wallet and I'd see the prices go up - and before I knew it I was seeing profit, which surprised me.

I had been telling my friends I was using it as a transfer tool, I hadn't thought about investing in it. I sent a video from the showroom to my mum and she cried, she was really proud. I would only put in money that I could afford to lose. The most I've lost is the transaction fees - when the price drops I don't lose faith. I think the best time to buy Bitcoin is when nobody's talking about it - wait for the hype to die down.

Rohan Muscat, project manager and electrical engineer. I became aware of Bitcoin in , but being a bit of a hardware geek, I wanted to mine it. In late I bought a pair of graphics cards to mine, and at first I did pretty well with it. At first it paid for itself, but then it went downhill and was borderline break-even.

I could have made more if I'd jumped in and out, but the emotions and risks in trading have burnt me, and I'd rather not take the risk. In , I was doing an apprenticeship at an IT company. At lunchtime we used to chat about little ways of making money on the side.

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Nobody had really heard of Bitcoin but we decided to give it a go and we spent a few weeks on it. I traded them in last summer and got half the deposit for my house. I've still got a little bit but I'm just going to sit tight - it's not something I want to pin my future on. Bitcoin sets fresh records after Musk investment.

'It's part of my pension plan'

Man has two guesses to unlock bitcoin fortune. Here are some of your Bitcoin adventures. James Saye, tech consultant.

Bitcoin has seen over the past year both its value and popularity explode. Cryptocurrencies, which lack a central banking system, can be digitally "mined" for new currency, offering big paydays for lucky digital diggers. But as the value in bitcoin rises to new daily highs and other currencies and projects have joined the race, regulators are taking watch -- and digital currency bubbles will pop. For perspective on Bitcoin's surge and what's ahead, TheStreet tapped the expertise of Dave Balter, the chief executive of Flipside Crypto , which provides analytics and business intelligence to crypto organizations and pens a regular column in TheStreet.

Balter, who is also a partner with venture capital firm True Ventures, has run Flipside since TheStreet: Despite Bitcoin's relative volatility, we've seen an explosion in its value over the past several months, especially from October to now. Is crypto now truly mainstream? Bitcoin has always been about technical stability and network effects. Early on, Bitcoin was judged by whether it was fail-proof: Would it get hacked? Was "decentralization" a workable model? When it halved, did it continue to perform?

Over the last plus years, many of those concerns have been resolved. Bitcoin works.

The same goes for Bitcoin; early on a small number of people believed which propelled early value accumulation, but now the network effects have become significant with celebrity investors and brand-name institutions supporting its belief system. Recent global trends have also played a heavy hand in this. An example outcome of "work from home" and social engagement via digital tools was evident in the Reddit-GameStop GME - Get Report activity: The ability for an unknown Reddit community to transform the value of GameStop stock changed the entire playing field of stock volatility.

More importantly, it showed the capability of the few to control the larger financial outcome. Bitcoin fits incredibly nicely into a similar narrative. TheStreet: Springing off that, the world of cryptocurrencies is much bigger than Bitcoin, right? If it's taken this long for Bitcoin to really gain legitimacy, what do you see for the other projects like Ethereum and the lesser known ones?

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Are any more likely to take off in the same way soon or will each have to prove itself? Balter: Bitcoin has created the wake for many others to follow in. Others, including Ethereum, have broader use cases, which makes the arc of their activities -- and their potential -- quite different. The platform has already generated hundreds of millions in real dollar sales of the digital NBA trading cards. Capturing the minds and passion of collectors of all types, this is clearly a different form of belief system -- one that has generated actual revenues.

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4. 'It paid for a holiday in Iceland'.
5. A 'crypto' scam is brewing on Twitter, and social media at large - The Economic Times!

Decentralized finance applications rose in prominence last fall, largely on the Ethereum blockchain. These allowed developers to generate financial applications that replicated offerings you might have seen from the likes of Fidelity FWAFX - Get Report or other large banks. This proved a real use case for Ethereum.

What do you think people should look out for right now?

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