Does Anyone Here Trade Cryptocurrencies... Or Is that a dirty word?

This is a discussion on Does Anyone Here Trade Cryptocurrencies... Or Is that a dirty word? within the Cryptocurrencies forums, part of the Markets category; Originally Posted by FXX so much for the bull**** https://www.armstrongeconomics.com/w...lion-vanishes/ Thanks to a string of screw-ups and bugs, an unsuspecting ...

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Old Nov 17, 2017, 11:24pm   #17
 
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Quote:
Originally Posted by FXX View Post
so much for the bull****

https://www.armstrongeconomics.com/w...lion-vanishes/


Thanks to a string of screw-ups and bugs, an unsuspecting developer recently took possession of an estimated $US390 million worth of the Ethereum cryptocurrency by accident. In an attempt to give back the money, however, the guy ended up locking up the funds permanently. Essentially, the money has just evaporated.

It turns out that hackers started the trouble getting into the cryptocurrency wallet service stealing about $42 million. To then patch the vulnerability to their block-chain technology, they introduced a bug that affected multi-signature wallets. These are wallets which require several people to enter keys before funds get transferred. This was intended to be top security for Ether which is the second largest cryptocurrency. Somehow, a guy called “devops199” triggered the bug and took control of all multi-sig wallets unintendedly. Then devops199 attempted to reverse the process to give back the money which then triggered they bug. The result was the destruction all of the funds. The bug caused a chain reaction of events that locked all multi-signature wallets that cannot now be unlocked

My dear, a 230B market dont lie. What you say is like William Ackman's 1B losses in 2016. Buy ETH and LISK, you wont regret .
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Old Nov 20, 2017, 3:16pm   #18
 
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Quote:
Originally Posted by FXX View Post
so much for the bull****

https://www.armstrongeconomics.com/w...lion-vanishes/


Thanks to a string of screw-ups and bugs, an unsuspecting developer recently took possession of an estimated $US390 million worth of the Ethereum cryptocurrency by accident. In an attempt to give back the money, however, the guy ended up locking up the funds permanently. Essentially, the money has just evaporated.

It turns out that hackers started the trouble getting into the cryptocurrency wallet service stealing about $42 million. To then patch the vulnerability to their block-chain technology, they introduced a bug that affected multi-signature wallets. These are wallets which require several people to enter keys before funds get transferred. This was intended to be top security for Ether which is the second largest cryptocurrency. Somehow, a guy called “devops199” triggered the bug and took control of all multi-sig wallets unintendedly. Then devops199 attempted to reverse the process to give back the money which then triggered they bug. The result was the destruction all of the funds. The bug caused a chain reaction of events that locked all multi-signature wallets that cannot now be unlocked
Amen Brother, that's what I am talking about, not to mention that the we already have been trough this in the dot com bubble, at lest the trading was properly regulated on a real stock market back then...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Nov 21, 2017, 2:34pm   #19
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more joys in the crypto world

http://www.zerohedge.com/news/2017-1...million-tokens
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Old Nov 21, 2017, 5:17pm   #20
 
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Check this joy:

Click the image to open in full size.


So ponzi that makes me cry!!
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Old Nov 21, 2017, 7:22pm   #21
FXX
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Originally Posted by Garvo View Post
Check this joy:

Click the image to open in full size.


So ponzi that makes me cry!!
Lol
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Old Nov 22, 2017, 12:11am   #22
Joined May 2012
The joy may be temporary and so enjoy while you can. A picture of the speculative tulip mania.

Click the image to open in full size.
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Old Nov 22, 2017, 3:42pm   #23
 
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I did open a new thread, but articles like this are keeping me off trading crypto, I can just imagine myself transferring 6+ digits amount to a place like this one to fuel someone's life style...

https://mobile.nytimes.com/2017/11/2...ex-tether.html
__________________
"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Nov 25, 2017, 7:23pm   #24
Joined Sep 2017
I trust the crypto market just about as much as i'd trust a fart the morning after a hard night drinking Guinness!

I am not well versed in Crypto, but I certainly smell a rat!
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