Author Topic: Bitcoin - Flexcoin filed for bankrupcty  (Read 4332 times)

Vince G, CSN MFT

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Bitcoin - Flexcoin filed for bankrupcty
« on: March 05, 2014, 05:27:12 AM »
The exchange I was using was FlexCoin and it just filed for bankruptcy today.  I guess I'll have to downsize to a trail.....oh wait a minute I forgot. ;D  I had some in cold storage but not much.


Just so you guys know, I was selling ebooks in addition to having a 600GH Monarch bitcoin miner running in my office.   I'm deciding as to whether to move to a new exchange or just sell off the equipment.  What do you guys thinks
A

BigCyp

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Re: Well...just lost the bitcoin money I made....:(
« Reply #1 on: March 05, 2014, 05:28:09 AM »
Did you make enough money for a face transplant?

TrueGrit

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Re: Well...just lost the bitcoin money I made....:(
« Reply #2 on: March 05, 2014, 05:28:53 AM »
I bet Vissy isn't giving up that ass so easy now you're broke!
O

Mr Anabolic

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Re: Well...just lost the bitcoin money I made....:(
« Reply #3 on: March 05, 2014, 05:33:48 AM »
It was never money, so you never had it.

All these crypto-currencies are digital fiat scams... they are NOT money, just another gambling/trading vehicle. 

Better off trading penny stocks, at least they trade on a legit exchange.

Gold and silver are money... nothing else.

Karl Kox

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Re: Well...just lost the bitcoin money I made....:(
« Reply #4 on: March 05, 2014, 05:37:41 AM »
The exchange I was using was FlexCoin and it just filed for bankruptcy today.  I guess I'll have to downsize to a trail.....oh wait a minute I forgot. ;D  I had some in cold storage but not much.


Just so you guys know, I was selling ebooks in addition to having a 600GH Monarch bitcoin miner running in my office.   I'm deciding as to whether to move to a new exchange or just sell off the equipment.  What do you guys thinks


May I ask how much you lost?

Hulkotron

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Re: Well...just lost the bitcoin money I made....:(
« Reply #5 on: March 05, 2014, 05:39:03 AM »
I'm sure a full recovery is near.

Vince G, CSN MFT

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Re: Well...just lost the bitcoin money I made....:(
« Reply #6 on: March 05, 2014, 05:40:13 AM »

May I ask how much you lost?

I had a little over 1.6 at the time....I cash out whenever I hit the 2 mark but with equipment rental fees and etc I'm going to be in the red on this
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Karl Kox

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Re: Well...just lost the bitcoin money I made....:(
« Reply #7 on: March 05, 2014, 05:43:21 AM »
I had a little over 1.6 at the time....I cash out whenever I hit the 2 mark but with equipment rental fees and etc I'm going to be in the red on this


Man as much as it will suck it might be best to cut your losses.

Vince G, CSN MFT

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Re: Well...just lost the bitcoin money I made....:(
« Reply #8 on: March 05, 2014, 05:48:17 AM »

Man as much as it will suck it might be best to cut your losses.

Perhaps....I'll still keep the e-store open as selling ebooks and software is very little risk.  Bitcoin mining however is where the expense and risk.  I may just stop renting and just buy a 100GH miner outright....I'll take much longer to generate the bitcoins but I'll have piece of mind
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The Wizard of Truth

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Re: Well...just lost the bitcoin money I made....:(
« Reply #9 on: March 05, 2014, 06:02:43 AM »
At least you have your health vince

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Re: Well...just lost the bitcoin money I made....:(
« Reply #10 on: March 05, 2014, 06:06:08 AM »
I thought leaving your stack on the exchanges was a bad idea unless you were actually cashing them? Isn't that what the "wallets" are for - storage?

Vince G, CSN MFT

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Re: Well...just lost the bitcoin money I made....:(
« Reply #11 on: March 05, 2014, 06:18:03 AM »
I thought leaving your stack on the exchanges was a bad idea unless you were actually cashing them? Isn't that what the "wallets" are for - storage?

I did the mining with a group so it was not an option...that's why I'm considering just doing it outright with building my own mining rig equipment for minimal risk
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BigCyp

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Re: Well...just lost the bitcoin money I made....:(
« Reply #12 on: March 05, 2014, 06:20:25 AM »
Vince, this seems like such an elaborate way to make a bit of money. Have you ever considered working bro?

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Re: Well...just lost the bitcoin money I made....:(
« Reply #13 on: March 05, 2014, 06:24:32 AM »
The exchange I was using was FlexCoin and it just filed for bankruptcy today.  I guess I'll have to downsize to a trail.....oh wait a minute I forgot. ;D  I had some in cold storage but not much.


Just so you guys know, I was selling ebooks in addition to having a 600GH Monarch bitcoin miner running in my office.   I'm deciding as to whether to move to a new exchange or just sell off the equipment.  What do you guys thinks

the miner you claim to have is still in pre order phase.

https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html

Vince G, CSN MFT

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Re: Well...just lost the bitcoin money I made....:(
« Reply #14 on: March 05, 2014, 06:33:46 AM »
the miner you claim to have is still in pre order phase.

https://products.butterflylabs.com/homepage-new-products/600-gh-bitcoin-mining-card.html


Yes, you can't buy it....that's why I rent the equipment from a company that has it.  I have a separate computer in the office just to control it.  Its the same thing for my websites....they run on a VPS server that's controlled from my main computer.

It really doesn't matter because I'm prob going to just build my own rigs and save a ton of money
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Re: Well...just lost the bitcoin money I made....:(
« Reply #15 on: March 05, 2014, 06:45:14 AM »
bitcoin is quite the scam

Nails

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Re: Well...just lost the bitcoin money I made....:(
« Reply #16 on: March 05, 2014, 06:57:12 AM »
Mining in the matrix  ::)

Thats an expensive video game you playing vince

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Re: Well...just lost the bitcoin money I made....:(
« Reply #17 on: March 05, 2014, 07:03:11 AM »
Perhaps....I'll still keep the e-store open as selling ebooks and software is very little risk.  Bitcoin mining however is where the expense and risk.  I may just stop renting and just buy a 100GH miner outright....I'll take much longer to generate the bitcoins but I'll have piece of mind

Hey why don'tn you try learning somethign instead of get quick rich schemes. Face it dude you aren't all that bright and to pull off soemthing like this you need foresight, plannig and wit, none of which you have.

Don;t take this the wrong way or anything, just calling it like I see it. Just stop now you will lose more money.

Vince G, CSN MFT

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Re: Well...just lost the bitcoin money I made....:(
« Reply #18 on: March 05, 2014, 07:11:12 AM »
Hey why don'tn you try learning somethign instead of get quick rich schemes. Face it dude you aren't all that bright and to pull off soemthing like this you need foresight, plannig and wit, none of which you have.

Don;t take this the wrong way or anything, just calling it like I see it. Just stop now you will lose more money.


I make waaaaay more money than I lose and most importantly, I don't invest money that I cannot afford to put up. 
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CalvinH

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Re: Well...just lost the bitcoin money I made....:(
« Reply #19 on: March 05, 2014, 07:13:25 AM »
Vince, this seems like such an elaborate way to make a bit of money. Have you ever considered working bro?


Lets not get carried away!!!

BigCyp

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Re: Well...just lost the bitcoin money I made....:(
« Reply #20 on: March 05, 2014, 07:16:30 AM »

Lets not get carried away!!!

I know forgive me, I saw the blue stars and thought it was some white guy

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Re: Well...just lost the bitcoin money I made....:(
« Reply #21 on: March 05, 2014, 07:21:16 AM »
Vince losing his bitcoins is like a street bum losing his trolley with trash in it, he wont recover.

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Re: Well...just lost the bitcoin money I made....:(
« Reply #22 on: March 05, 2014, 07:22:43 AM »
The exchange I was using was FlexCoin and it just filed for bankruptcy today.  I guess I'll have to downsize to a trail.....oh wait a minute I forgot. ;D  I had some in cold storage but not much.


Just so you guys know, I was selling ebooks in addition to having a 600GH Monarch bitcoin miner running in my office.   I'm deciding as to whether to move to a new exchange or just sell off the equipment.  What do you guys thinks


FitnessFrenzy

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Re: Well...just lost the bitcoin money I made....:(
« Reply #23 on: March 05, 2014, 07:25:15 AM »

I make waaaaay more money than I lose and most importantly, I don't invest money that I cannot afford to put up. 

will all this wealth at some point make you and Vissy move out of the trailer park?

GRACIE JIU-JITSU

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Re: Well...just lost the bitcoin money I made....:(
« Reply #24 on: March 05, 2014, 07:27:23 AM »

 Eletricity. ;)
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