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Thread: Is Bitcoin an imploding ponzi??...

  1. #201
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    Re: Is Bitcoin an imploding ponzi??...

    MTI’s fraud: a case study

    Regulating cryptocurrencies necessary for mass adoption

    Quote Originally Posted by Dan Schmidt

    Additional Scams

    Other scams include building an entire fake exchange, which is what happened with BitKRX in South Korea. Investors poured millions into the exchange because the promises of profit were so great. In reality, they were simply stealing money from their clients. South Korean authorities eventually shut down the unethical exchange, but not before investors lost millions upon millions in capital.

    Some scams don’t even involve stealing any crypto. A popular Bitcoin scam involves fake mining hardware, which is often expensive and difficult to find. Mining Bitcoin requires tremendous energy and computational power, so prospective miners often jump at the chance for cheap equipment. But after purchasing a supposedly state-of-the-art Bitcoin mining machine, the buyer often finds the power and efficiency have been vastly overstated — if the darn thing even works at all. Be cautious of anyone offering cheap mining equipment on eBay or Amazon.Top 5 Bitcoin and Crypto Scams in 2021 • Benzinga
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  2. #202
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    Re: Is Bitcoin an imploding ponzi??...

    TokenHell broker reviews, scam or legit?

    I can't say they're all scam/legit or some combination thereof as much as I will say this is smarmy "journalism" IMHO. More to the point why they recommend 20+ in what seems like the last month? Why not five best of breed like every other financial publication?

    Maybe something like this...

    1. Is the broker run on it's own server or a sever shared with hippies selling apples? If apples then NO
    2. Is the broker SIPC insured and insured against hacking losses? If NO then NO (SIPC won't cover cryto losses)
    3. Has the technology been reliable when I needed it. IF NO then NO.
    4. Do I know who owns and or runs the business? If NO the NO.
    5. Is the broker registered in the country where I do business? If NO then NO.


    All of the below reviews are rated 9 or better on presumably a 10 point scale? All that I clicked on had what looked like affiliate links.

    Coinbit Review - Is Coinbit Scam or Legit?

    Bitrue Review - Is Bitrue Scam or Legit?

    CoinEx Review - Is CoinEx Scam or Legit?

    itBit Review - Is itBit Scam or Legit?

    eToroX Review - Is eToroX Scam or Legit?

    https://tokenhell.com/coinbase-pro/

    https://tokenhell.com/itrustcapital/

    https://tokenhell.com/author/shelly-melancon/

    https://tokenhell.com/catex/

    https://tokenhell.com/nicehash/

    https://tokenhell.com/coinfield/

    https://tokenhell.com/crex24/

    https://tokenhell.com/coinbene/

    https://tokenhell.com/bitkub/

    https://tokenhell.com/bitbuy/

    https://tokenhell.com/nominex/

    https://tokenhell.com/bitvast/

    https://tokenhell.com/indodax/

    https://tokenhell.com/gokumarket/

    https://tokenhell.com/ecomarkets/

    https://tokenhell.com/ezdsk/

    https://tokenhell.com/author/adebayo-owotunse/

    https://tokenhell.com/jcmfx/

    https://tokenhell.com/xchangebit-io/

    https://tokenhell.com/author/bentley-kapoor/

    A loser in the lot???

    DISCLAIMER
    This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website


    https://tokenhell.com/exchange-broker/
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  4. #203
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    Re: Is Bitcoin an imploding ponzi??...

    There's an old saying among scoundrels that you can't cheat an honest man. While plenty of honest people do get the shaft, many scams are designed to prey on people's greed and larceny.

    Quote Originally Posted by Bill Toulas

    Other users on the Lightshot platform are seeing the images with the ostensibly sensitive info, and if they take the bait, they will follow the URL shown to grab the unfortunate user’s assets.

    Taking the scammers’ bait is certainly a matter of being greedy, as these users are victimized while trying to victimize someone else. As such, they had it coming, and it served them right, but it’s still a good lesson for the rest.

    Scammers Tricking Rapacious Crypto-Investors With the Help of Lightshot | TechNadu
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  5. #204
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    Re: Is Bitcoin an imploding ponzi??...

    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  7. #205
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    Re: Is Bitcoin an imploding ponzi??...

    You could statistically set up trades to be 99% winners with one small and one big problem. The amount you win 99% of the time will be very small and the amount you lose on the 1% will be big. Enough to wipe out all your previous gains and then some. For many years 90% winners has been a common hook among woo peddlers touting option selling courses. Everyone seems to love teaching and selling bots more than they do profitable trading.

    I just modeled a 90% trade expiring next week, risk $49 to make $1. I'll pass.



    Quote Originally Posted by Evertise

    9Winz Reviews

    The robot appraises that its trade algorithms perform well at a 99 percent of accuracy rate.

    The base subsidizing sum is $200.

    9Winz Reviews 2021 - Scam App Or Legit in India?
    Quote Originally Posted by Scamadviser
    Even in massive bull markets this stuff happens all the time.

    XRP price - $420M in leveraged long traders liquidated after XRP rallies to $1.96 | Fintech Zoom - World Finance

    As does this...

    Quote Originally Posted by Eric Rosenberg
    According to a 2020 report, over a 15-year period, nearly 90% of actively managed investment funds failed to beat the market.

    Investment Pros Can't Beat the Stock Market, and It's Not Worth Trying
    It's your subsidizing sum, choose wisely.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  9. #206
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    Re: Is Bitcoin an imploding ponzi??...

    What has the world come to when you can't trust people offering hacking software?

    HackBoss malware is using Telegram to steal cryptocurrency from other hackers | IT PRO

    Altcoin Scam #1: The Classic Pump and Dump
    Top 5 Altcoin Scams to Watch Out for in 2021 • Benzinga

    These are Coinbase's biggest concerns about crypto-risks - AMBCrypto

    Madoff had this to say: "Everybody was greedy, everybody wanted to go on and I just went along with it.”

    Bernie Madoff fathered the mother of Ponzi schemes - The Week
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  11. #207
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    Re: Is Bitcoin an imploding ponzi??...

    Yeah, who does this?

    Quote Originally Posted by Vishal Chawla
    Commentators on social media criticized EasyFi for using a hot MetaMask wallet for managing its smart contract.

    EasyFi Hacked for Over $80 Million in MetaMask Attack | Crypto Briefing
    Smells like vapor and fiat.

    Quote Originally Posted by Vishal Chawla
    The team is planning to implement an EASY token hard fork to recover the lost funds.
    Last edited by ribshaw; 04-20-2021 at 12:52 PM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  12. #208
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    Re: Is Bitcoin an imploding ponzi??...

    Certainly one explanation, albeit we've heard similar a thousand times before.


    Quote Originally Posted by Obike Favour
    “Globally renowned banks and funds, whose names we are going to announce when the agreement process is completed, have been wanting to invest in our company and proposed a partnership for a long time. For this process to be completed, transactions need to be halted and the sale process needs to be completed.” Possible $2 Billion Scam By Turkish Crypto Exchange Thodex: Users Cry Out | Coinfomania
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  13. #209
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    Re: Is Bitcoin an imploding ponzi??...

    What's not to like

    #SAFEMOON



    Quote Originally Posted by Brenden Rearick
    In selling shares of SafeMoon, the user, as well as other SafeMoon sellers, are reporting losses of over 50% upon withdrawals of the coin. Is the SafeMoon Crypto a Scam? 3 Insiders Weigh In on the Controversy | InvestorPlace

    Quote Originally Posted by Samuel Wan
    “So the developers just held AMA where nothing was answered except they had a rapper there who talked about Porsches.”

    MoonSafe Code Audit Shows Suspicious Anomalies, Scam Confirmed?
    As always the comments astound. I guess it will be a scam when the masses lose, as opposed to something created out of thin air to allegedly serve some higher albeit unnecessary function.

    https://twitter.com/TheCryptoLark/st...64527229231107


    The space seems like a house of cards with too much money chasing too many crappy coins.

    Quote Originally Posted by investopedia
    more than 4,000 cryptocurrencies in existence as of January 2021
    The 10 Most Important Cryptocurrencies Other Than Bitcoin
    Last edited by ribshaw; 04-22-2021 at 12:05 PM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  14. #210
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    Re: Is Bitcoin an imploding ponzi??...

    Wonder where he got this idea?

    Quote Originally Posted by Nassim Nicholas Taleb

    “But bitcoin, there’s no connection and, of course, the best strategy for investors is to own things that produce yields in the future. In other words, you can fall back on real dollars coming out of the company,” he said
    Bitcoin a '''gimmick''' and resembles a Ponzi scheme: '''Black Swan''' author

    Quote Originally Posted by ribshaw View Post
    History has shown the best way to counteract this is to hold assets that throw off cash flow.
    Is Bitcoin an imploding ponzi??...
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  15. #211
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    Re: Is Bitcoin an imploding ponzi??...

    Wow factor!!!

    Quote Originally Posted by Felipe Erazo
    and which promised yields of approximately 28%.

    But suddenly, the firm announced the freezing of accounts belonging to over 120,000 investors on September 12, 2020, due to an alleged “failure” in one of its crypto trading bots.

    National Court of Spain Takes the Investigation of the Alleged Ponzi Crypto Scheme Arbistar – News Bitcoin News
    Turkey detains dozens over alleged cryptocurrency fraud | New Straits Times

    Family reports Wentworth ‘Bitcoin trader’ missing | Witness


    Versus simple ways to invest where your CEO or Head Trader never take a runner???
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  16. #212
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    Re: Is Bitcoin an imploding ponzi??...

    One thing is clear, anyone too levered up in the past week was wiped out.

    Quote Originally Posted by Very super helpful article on where the price of BTC might go

    BTC is below its 50-day moving average because of massive selling in BTC as a result of margin calls,” he stated.

    “Once the hangover from the leveraged selling wears off, we expect BTC to recover back above the 50-dma and pull in buyers of all types,” said Noble.

    “Bitcoin trending under the 50-day moving average is cause for concern since it has not traded beneath it since October 2020, but more context is needed,” he stated.

    “If Bitcoin does not break upwards within the next few days we are likely headed down to the 100-day moving average

    “In the past six months, the 50-day MA has been fairly reliable as an area of support. Recently, we saw BTC fail to sustain a breakout upwards, and then subsequently falling through the 50-day MA - a bearish set up.”

    However, over the past four days, markets seem to be consolidating around this price level,” he noted.

    “If there is a large further move down, I am looking at the 100-day MA (~$50k) as the next potential area of support,”

    Bitcoin Recently Fell Through A Key Support Level—What's Next?

    Beyond that my takeaway from the article. If the price goes up it will go up, if the price goes down it will go down. Unless of course price stays flat, in which case it won't budge.

    Elmo.jpg

    Bitcoin (BTC) investors: You should know the story of the Hunt brothers and the silver market | Fortune
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  17. #213
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    Re: Is Bitcoin an imploding ponzi??...

    It's difficult for me to reconcile the title of this article without being a smart ass.

    Quote Originally Posted by Report Door

    In four minutes, cyber looters pilfered $34,123 worth of virtual currency from a Virginia resident’s Coinbase (COIN) account, the 38-year-old told Yahoo Finance.

    Ben notified Coinbase, which he said prompted a series of frustrating reply emails that appeared to have the hallmarks of bot

    Still, two legal experts say the U.S. legal and regulatory system does little to compel Coinbase as well as other exchanges to adopt even stronger safeguards for consumer accounts or to refund stolen account assets. These practices stem from “absolutely horrible” laws, arbitration clauses, and virtually zero law enforcement, according to Max Dilendorf, a lawyer who represents cryptocurrency investors. “They don’t work. It’s just so frustrating,” he said. “I see cases where people lost life savings, then they knock on every possible door.”

    Coinbase customers with hacked accounts get no justice from 'horrible' US laws: Fintech lawyer - Report Door

    Crypto is the free market solution to government fiat or so the story goes. Why then run to Big Brother when it gets gone?



    If you're going to play the game you need expect no help if rooked and therefore best spread your loot among many coffee cans as it were.




    Quote Originally Posted by Business World
    Last week, the SEC also issued warnings against the following: WONKACASH or WONKA Cash App Financial Consultancy Services, Investrade Marketing or Investrade Digital Marketing Services, Learn and Earn Online, CryptoTrading FX, 247 Cryptotrade Online, ExchangeStock, Binary Options Trading, Wolves Options, and IX Trade. SEC readies investor education unit as scam cases rise - BusinessWorld
    Quote Originally Posted by Emma Newbery
    What crypto regulations does the U.S. already have?

    Cryptocurrency CEO Sounds a Warning for Investors
    SEC.gov | Investor Alert: Watch Out for Fraudulent Digital Asset and “Crypto” Trading Websites

    SEC.gov | Investor Alert: Watch Out For False Claims About SEC And CFTC Endorsements Used To Promote Digital Asset Investments
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  18. #214
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    Re: Is Bitcoin an imploding ponzi??...

    Interesting story but I am having a hard time getting this journalist's numbers to add up. The way I read this is he's plowing 7% of his salary into BTC. A reasonably aggressive bet for a high income earner and hopefully not all he's investing.

    Quote Originally Posted by Danny Nelson

    Kansas City Chiefs player Sean Culkin will take the entirety of his 2021 base salary – $920,000 – in bitcoin.

    The fifth-year tight end is the first National Football League player to be paid entirely in bitcoin. Offensive tackle Russell Okung, who famously followed through on his declaration to “pay me in bitcoin,” still takes half of his $13 million salary in fiat.

    Chiefs Tight End Sean Culkin to Convert Entire NFL Salary Into Bitcoin


    Quote Originally Posted by Andrew Lisa
    According to Sports Illustrated, nearly 4 out of 5 former NFL players either go bankrupt or suffer severe financial distress within two years of retirement.
    https://www.gobankingrates.com/net-w...lost-millions/
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  19. #215
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    Re: Is Bitcoin an imploding ponzi??...

    Good job Disaster Girl.

    Quote Originally Posted by Maddie Ellis
    The account @3fmusic officially purchased the token for 180 Ether — worth about $430,000.
    After years as a meme, ‘Disaster Girl’ takes control of her image — with a hefty payoff

    Quote Originally Posted by Coindesk
    Someone is trying to prove that despite all the media frenzy about NFTs, they’re not as unique or secure as people think.

    The Art of the Prank: How a Hacker Tried to Fake the World'''s Most Expensive NFT - CoinDesk
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  20. #216
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    Re: Is Bitcoin an imploding ponzi??...

    If you read about Michael Crawford in Forbes you probably don't read Forbes...


    Quote Originally Posted by Jed Oelbaum
    In a half-hour pitch video with more than 4 million views on Facebook, the graying Oregon-based actor plays “Michael Crawford,” CEO of a company called Quantum Code, who tells the audience he’s known as the “Wall Street Wizard” and the “Nicest Rich Guy in the World.”

    Scam Theater: Inside an Online Trading Crime Ring That Grifted Millions from Mom-and-Pop Investors
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  21. #217
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    Re: Is Bitcoin an imploding ponzi??...

    BCHG up 39% this week, ETCG up 132%, even LTCN up 54% and joke coins are raising millions from willing participants.

    Quote Originally Posted by Zack Guzman
    Quote Originally Posted by Explica .co

    Dre thought of creating a cryptocurrency called SCAM, its acronym is Simple Cool Automatic Money (Simply Cool Automatic Money). Even being such an obvious joke, the cryptoasset, which is worthless, has seen how its capitalization rose to 70 million dollars to quickly drop to 2.5 million dollars with 1,600 active wallets, as of this writing. The creator declared to be incredulous that this project got off the ground in this way and frankly admitted:

    “I don’t know how to do any of this ****, I just made the coin as a joke”
    Tiktoker creates joke cryptocurrency SCAM and raises millions of dollars – Explica .co
    The scammers could probably garner bigger stakes with something quasi honest like IDIT Coin.

    Quote Originally Posted by Daniel Palmer
    Users were encouraged to buy a new token called WSB Finance on an account called “WallStreetBets – Crypto Pumps” on messaging service Telegram.
    WallStreetBets Members May Have Lost Over $2M to Telegram Crypto Scam: Report - CoinDesk


    bubble pop.jpg

    Quote Originally Posted by Boldmethod
    It's better to be on the ground wishing you were the air, than in the air wishing you were on the ground.

    11 Aviation Quotes That Could Save Your Life | Boldmethod
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  22. #218
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    Re: Is Bitcoin an imploding ponzi??...

    Made me chuckle...

    Quote Originally Posted by Lionel Shriver

    By contrast, crypto is ‘just Easter bunny cartoon cash. I’ve read articles about it. I’ve had it explained to me. I still don’t get it, and neither do you’.

    But the American dollar increasingly resembles Easter bunny cartoon cash. I’ve read articles about Modern Monetary Theory. I’ve had it explained to me. I still don’t get it, and neither do you.

    https://www.spectator.co.uk/article/...-believe-money
    Sound familiar?

    Quote Originally Posted by Patrick Wright
    He was initially sceptical so, in late 2017, he sent $50 in Bitcoin as a test. A month later, he was sent back his $50 along with another $30 of so-called profit.

    So, he sent hundreds of dollars. Then thousands. Then he started telling friends and family, who sent even more money.

    "One of my best mates sold his car for $10,000, and put all that money in, and it disappeared," Jonathan says.

    The crypto scam on Instagram that cost Jonathan and his friends $20k - ABC Everyday
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  23. #219
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    Re: Is Bitcoin an imploding ponzi??...

    This blows me away...

    Grayscale's bitcoin and Ethereum funds now generate as much revenue as Vanguard's 82 ETFs | Currency News | Financial and Business News | Markets Insider

    April 10, 2021 $50 Billion AUM
    Grayscale’s Net Assets Under Management Closes in on $50 Billion

    January 31, 2021 $7.2 Trillion AUM
    Fast facts about Vanguard

    Huge fan of Index Investing Definition and if you're going to HODL fees matter.

    Quote Originally Posted by Matthew Frankel, CFP
    Here's why this is so important. Let's say you invest $10,000 per year, and that your investments earn an average total return of 7% each year, before expenses. If you pay total fees of 1% (advisory plus fund expenses), you can expect to have a nest egg of about $1,114,000 after 30 years. On the other hand, if you pay total fees of 2%, your investments would build up to $903,000 -- a full $211,000 less. Paying higher fees can literally cost you hundreds of thousands of dollars.
    Don't Let Fees Destroy Your Investment Returns | The Motley Fool
    As more participants enter the game, fees should plummet. Of course if investments go up 100% give or take in a week, what's a piddling 2-3% management fee?

    Slightly under-priced priced based on NAV.

    Holdings per share 5/5/2021 $79.05 Market Price $67.15

    https://grayscale.com/products/grays...classic-trust/

    3X holding per share.

    Holdings per share 5/5/2021 $10.87 Market Price $38.38
    https://grayscale.com/products/grays...in-cash-trust/

    10X-Crazy Town.
    Holdings per share 5/5/2021 $30.97 Market Price $374.99

    https://grayscale.com/products/grays...itecoin-trust/



    Recently there have been some significant divergences in % decreases/ increases between crypto stocks and crypto coins. I know which way this dinosaur dances when this happens with liquid option-able assets. Will have to remain glued to my chair on the sidelines waiting for them to resolve in the crypto space.


    Quote Originally Posted by Harry Robertson
    Only buy cryptocurrencies if you're prepared to lose all your money, Bank of England governor says
    https://markets.businessinsider.com/...ley-1030396958
    Last edited by ribshaw; 05-06-2021 at 01:35 PM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  24. #220
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    Re: Is Bitcoin an imploding ponzi??...

    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  25. #221
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    Re: Is Bitcoin an imploding ponzi??...

    �� The Second Mouse Gets the Cheese �� [Idiom] - MyEnglishTeacher.eu - MyEnglishTeacher.eu Blog

    I must confess over the weekend I was temped to make my first crypto speculation.

    On Friday https://grayscale.com/products/grays...classic-trust/ reported holdings per share of $115.40 but closed at a price of $56.59. It was like a bag of money sitting in the corner just waiting to be scooped up, or was it?

    Two things held me back:

    First I still don't get the investment/asset side of Crypto. Oh the block chains are remarkable for this and that, or so everyone says. What stops me from crtl-c on my keyboard and taking all the blocks I need??? Well not me personally, but someone a wee bit more savvy.

    No easy way to hedge the NAV difference. Nor on my brief review do I believe Grayscale exchanges trust units for Ethereum.


    So that left me with chasing momentum!

    Ethereum is going up so I'll hop on for the ride. Something I'm loathe to do with things I don't get and don't really want to get. And really only the notion of buying a buck for fifty cents caught my eye. With a hedge in place I could sit on that trade for a while. If I had a way to sell Ethereum and buy ETCH I probably would to lock in the "risk free profit" not really caring what it does. Without a hedge it's little more than a crap shoot.


    Of course I wasn't the only one that noticed the bag of money just laying there GRAYSCALE ETHEREUM CLASSIC TR E (ETCG) Stock Forum & Discussion - Yahoo Finance .


    While Ethereum the coin traded up; ETCH opened at $89 Friday and closed around $56 and today it opened at $64 and closed around $47. Bag alright.

    This article might explain what is going on Ethereum Classic Demand Steady as Traders Cover Positions - CoinDesk.



    Second Mouse.JPG

    I'll reiterate this is not an investment but a scam site. I'll also reiterate what I said previously; Wall Street dumps a lot of garbage on the public often at the worst possible time. Don't rely on internet savants to read you in...

    Quote Originally Posted by Random Message Board Comments
    Can anyone explain to me why the stock is dropping so much when ETH is going up?

    This should be investigated by the SEC. 40 % loss on Friday and 15% loss today (so far). This trust has no correlation to ETC's daily percentage changes.

    ? OK guys I just sold my long for a big #$%$ loss. If I?m an indicator it would probably be time to buy it?
    Last edited by ribshaw; 05-10-2021 at 05:56 PM.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
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  26. #222
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    Re: Is Bitcoin an imploding ponzi??...

    Let's party like it's 1933.

    Quote Originally Posted by Colin Harper

    Binance Global exchange halted withdrawals Monday in a “temporary suspension” that affects all its users, as did other exchanges such as Coinbase. It’s not uncommon for exchanges to have downtime or freeze withdrawals at times of hot market activity.

    Many of the affected Binance users flagged for “risk management” and anti-money laundering (AML) hold accounts that are fully verified; given that know-your-customer (KYC) verification process is a risk management process to prevent money laundering, Binance’s stated purpose for freezing these accounts leaves unanswered questions.
    ‘So many people locked out’

    Binance declined an interview with CoinDesk to discuss these issues, but the CEO issued a statement that chalked the problem up to “compliance issues” and anti-money laundering risk factors.

    ‘So Many Locked Out’: Binance Users Say Their Accounts Have Been Frozen for Months

    Banking Crisis of 1933 | Encyclopedia.com
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
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  27. #223
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    Re: Is Bitcoin an imploding ponzi??...

    It's hard to fathom something like this effecting the nation's infrastructure doesn't raise some eyebrows.

    Colonial Pipeline Paid Almost $5M Crypto Ransom Soon After Attack: Report

    Then again these idiots lost control of 143M files...

    Equifax Says Cyberattack May Have Affected 143 Million in the U.S. - The New York Times

    While these idiots awarded them a contract to fix fraud their negligence helped create.

    Quote Originally Posted by STEVEN OVERLY and NANCY SCOLA
    IRS awards multimillion-dollar fraud-prevention contract to Equifax

    The no-bid contract was issued last week, as the company continued facing fallout from its massive security breach.
    IRS awards multimillion-dollar fraud-prevention contract to Equifax - POLITICO
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
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  28. #224
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    Re: Is Bitcoin an imploding ponzi??...

    BTC $46,375.90 the day this story printed.
    Tesla buys $1.5 billion in bitcoin, plans to accept it as payment

    BTC $48,335.98 as I type.
    Tesla Halts Use of Bitcoin for Purchases, CEO Elon Musk Tweets | Technology News

    Meanwhile instead of approving transparent liquid products that might protect consumer the SEC pontificates what everyone should know by now.

    SEC Staff Calls Bitcoin ‘Highly Speculative,’ Hints at ETF Skepticism
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
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  29. #225
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    Re: Is Bitcoin an imploding ponzi??...

    Trading on tweets is pure speculation, holding on the hope of just the right tweet gambling. Play accordingly.

    Musk's comments on Bitcoin were a "four-dimensional chess move"


    “Never play chess with a pigeon

    The pigeon knocks over all the pieces

    Shits all over the board

    Then struts around like it won.”
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
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