Cryptocurrencies: scams and skullduggery

This is a discussion on Cryptocurrencies: scams and skullduggery within the Cryptocurrencies forums, part of the Markets category; Market manipulation is not as easy as many people think. You need a serious purpose and a lot of money ...

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Old Dec 10, 2017, 10:44am   #9
 
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Market manipulation is not as easy as many people think. You need a serious purpose and a lot of money to do that. Nobody is going to manipulate the market just for the sake of it. People do that only to make even more money.
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Old Dec 19, 2017, 6:54pm   #10
 
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Quantt started this thread A South Korean cryptocurrency exchange is filing for bankruptcy following a second hack

http://www.businessinsider.com/south...ruptcy-2017-12
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Old Dec 19, 2017, 7:20pm   #11
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A South Korean cryptocurrency exchange is filing for bankruptcy following a second hack

http://www.businessinsider.com/south...ruptcy-2017-12
Does that mean the price will double again inside 2 months ?
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Old Dec 19, 2017, 7:25pm   #12
 
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Does that mean the price will double again inside 2 months ?
Means that all customers on this exchange just lost 25% of their holdings for sure and after the bankruptcy is not even clear if they will get anything at all, just ask any of the former clients of the biggest exchange at the time (70%) Mt. Gox...
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Old Dec 19, 2017, 7:31pm   #13
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Means that all customers on this exchange just lost 25% of their holdings for sure and after the bankruptcy is not even clear if they will get anything at all, just ask any of the former clients of the biggest exchange at the time (70%) Mt. Gox...
I thought they said 75% ?

That's why you don't hold coin on an exchange. Good lesson there for them.
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Old Dec 19, 2017, 7:35pm   #14
 
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I thought they said 75% ?

That's why you don't hold coin on an exchange. Good lesson there for them.
They have said "all customers' cryptocurrency assets will be marked down to 75% of its value" = 25% loss, but I think you are probably right and I doubt after the bankruptcy is over, people will be lucky to lose only 75% :-)
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Old Dec 19, 2017, 7:40pm   #15
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They have said "all customers' cryptocurrency assets will be marked down to 75% of its value" = 25% loss, but I think you are probably right and I doubt after the bankruptcy is over, people will be lucky to lose only 75% :-)
I wonder if the administrators get paid in Bitcoin
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Old Dec 19, 2017, 7:46pm   #16
 
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I wonder if the administrators get paid in Bitcoin
The problem for me in cases like this is who exactly is involved in the hack, did employees also took advantage of the mess to help themselves, etc ...

If my assets are not insured by the government or a large well known insurance company (worst case), I am staying far, far away...
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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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