Crypto Currency Thread
Discussion
DonkeyApple said:
It’s one of the new passive aggressive retail punter terms used to patronise those who are not onboard the rocket that is set for the moon. While obviously anyone short is an evil lying scumbag who is trying to rob your children of their inheritance (note, obviously the father’s gambling habit does that in reality) the person who has no net position isn’t actually a believer either, he’s the sort of alien one might meet who says they probably aren’t a diehard fan of a football team. The totally inconceivable scenario of someone who might like the football team but doesn’t attend every game and have the name of the latest high profile player branded onto their first born’s forehead. The non devout are still subtly against you so they must be derided. Such is the fun of the world penny share punting and it’s ilk.
‘Flat’ is of course the correct phrase but the one that we use is ‘perfectly or efficiently hedged’.
I liked that and know <0 about crypto. ‘Flat’ is of course the correct phrase but the one that we use is ‘perfectly or efficiently hedged’.
Lawyers for Quadriga customers ask to exhume founder Gerald Cotten’s body:
https://www.forexlive.com/cryptocurrency/!/lawyers...
https://www.forexlive.com/cryptocurrency/!/lawyers...
looks like another scam, PlusToken nearly 3 billion lost more than onecoin.
I wonder how much has gone up in scams, Onecoin was estimated in billions with PlusToken could be getting on for 5 billion USD and that is just 2 scams...
The sell offs seem to be driving the downward trend, at least another 2 months it seems.
I wonder how much has gone up in scams, Onecoin was estimated in billions with PlusToken could be getting on for 5 billion USD and that is just 2 scams...
The sell offs seem to be driving the downward trend, at least another 2 months it seems.
Here is chainanalysis on the Plus token scam.
https://blog.chainalysis.com/reports/plustoken-sca...
The scam involved victims buying plus with bitcoin or ethereum. Chainanalysis has started the work of tracing where the btc and eth went / are now
Whilst this report isn’t a complete assessment and, indeed, the scam is still unfolding, there are some interesting takeaways.
https://blog.chainalysis.com/reports/plustoken-sca...
The scam involved victims buying plus with bitcoin or ethereum. Chainanalysis has started the work of tracing where the btc and eth went / are now
Whilst this report isn’t a complete assessment and, indeed, the scam is still unfolding, there are some interesting takeaways.
Edited by anonymous-user on Tuesday 17th December 08:06
Thesprucegoose said:
looks like another scam, PlusToken nearly 3 billion lost more than onecoin.
I wonder how much has gone up in scams, Onecoin was estimated in billions with PlusToken could be getting on for 5 billion USD and that is just 2 scams...
The sell offs seem to be driving the downward trend, at least another 2 months it seems.
Don't forget Bitconnect, and I am sure there is over $4 Billion sitting in a bank account somewhere to match Tether. And then there are all the "hacking" incidences, for example Mt Gox alone lost 850,000 BTC.I wonder how much has gone up in scams, Onecoin was estimated in billions with PlusToken could be getting on for 5 billion USD and that is just 2 scams...
The sell offs seem to be driving the downward trend, at least another 2 months it seems.
The whole thing is like the wild west, and as it is a load of geeks the authorities are not interested and nobody seems to get prosecuted.
Despite all of this people still seem to want to invest their money into Crypto. A few months ago I was at a meetup group and when it got to talking about what we did for a living, one couple told us how they now invest in Crypto. They told the story of how they initially turned £1000 into £100,000 and of course people started to get interested, I played dumb, and the guy told me that BTC would be $20k by mid August as the man who worked all this out for him was never wrong..... Oh, and the wife kept going on about how Santander use Ripple. Sounds impressive, but they don't use the coin they use the network and then only for one app that you can only get on Apple and that nobody uses.
What amazes me is that Crypto keeps on going and there are now nearly 5000 different tokens that have been created. BTC has been around for over ten years, surely if this was going to go anywhere it would have done by now? The only use I can see is for hiding dodgy money and getting money out of a country such as China where there are restrictions.
Joey Deacon said:
BTC has been around for over ten years, surely if this was going to go anywhere it would have done by now?
i think this too, surely it is succesful, but the people who hold it are greedy and always want more. It is just too volatile to ever be taken seriously, a hell of a lot of people have made billions off the back of others.it is definetly an ethical issue, if you do make money it is off the back of others, and it’s nefarious use, if you own it you are part of it by proxy,
Thesprucegoose said:
i think this too, surely it is succesful, but the people who hold it are greedy and always want more. It is just too volatile to ever be taken seriously, a hell of a lot of people have made billions off the back of others.
it is definetly an ethical issue, if you do make money it is off the back of others, and it’s nefarious use, if you own it you are part of it by proxy,
I keep my BTC private keys in the same safe as my BAT and BAE share certificates.it is definetly an ethical issue, if you do make money it is off the back of others, and it’s nefarious use, if you own it you are part of it by proxy,
Fidelity extends it’s digital assets business to Europe
https://www.fidelity.com/bin-public/060_www_fideli...
https://www.fidelity.com/bin-public/060_www_fideli...
All you lot saying the only use for bitcoin is illegal stuff are categorically wrong ;-)
Lael Brainard (a fed board member nonetheless) says only half of bitcoin transactions are illegal and only 25% of btc users have criminal intent
https://bitnewstoday.com/news/lael-brainard-says-h...
Lael Brainard (a fed board member nonetheless) says only half of bitcoin transactions are illegal and only 25% of btc users have criminal intent
https://bitnewstoday.com/news/lael-brainard-says-h...
Thesprucegoose said:
It would never get to zero. It can have a value and still be worthless.
Why would it never get to zero? What gives it any value at all? (The answer is other people believing it has a value, not any intrinsic value or use.) Lose that and where does it get value from? So logically, if nobody can find a use for it, then it will be worth nothing.
JPJPJP said:
All you lot saying the only use for bitcoin is illegal stuff are categorically wrong ;-)
Lael Brainard (a fed board member nonetheless) says only half of bitcoin transactions are illegal and only 25% of btc users have criminal intent
https://bitnewstoday.com/news/lael-brainard-says-h...
And the other half are "investing"Lael Brainard (a fed board member nonetheless) says only half of bitcoin transactions are illegal and only 25% of btc users have criminal intent
https://bitnewstoday.com/news/lael-brainard-says-h...
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