Cryptocurrencies: scams and skullduggery

This is a discussion on Cryptocurrencies: scams and skullduggery within the Cryptocurrencies forums, part of the Markets category; Originally Posted by Quantt Morgan Stanley says the true price of bitcoin might be zero http://www.businessinsider.com/morga...-value-2017-12 Possibly the saddest bitcoin ...

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Old Dec 24, 2017, 10:43pm   #41
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Originally Posted by Quantt View Post
Morgan Stanley says the true price of bitcoin might be zero

http://www.businessinsider.com/morga...-value-2017-12

Possibly the saddest bitcoin chart ever is included in the article :-)
A fence and sitting on it (or not as the case may be) springs to mind
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Old Dec 25, 2017, 2:25pm   #42
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Originally Posted by counter_violent View Post
Of course they are, the smart people have been getting rid of them in exchange for real assets.

The study you and NVP should be doing is looking at all the major currencies and deciding if they have been getting collectively stronger or weaker since the crisis of 2008. If you find that the answer is "weaker", then you have a real conundrum. Where did my purchasing power go? Who is stealing from me? Why have my wages not risen in real terms? Why is everything more expensive?

Anyway, as the saying goes, "you can lead a horse to water, but you cannot make it drink". People need to come to their own realisations about what is going on. Unless of course, they have a vested interest in maintaining the status quo.
What am I comparing the relative strength of all the G8 currencies to ?

Other global currencies ?
Gold ?
Bitcoins ?
Big Macs ?
Oil ?
Bonds ?
Equities ?

The flow of value Is a fascinating subject and a decent way to trade by following momentum

N
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Old Dec 28, 2017, 7:06pm   #43
 
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Quantt started this thread Bitcoin plunges on fears South Korea will shut exchanges

http://www.businessinsider.com/bitco...hanges-2017-12
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Old Dec 29, 2017, 8:22pm   #44
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Whilst I don't share Quantt's rather negative view of the whole crypto market, I do accept and understand that it attracts the wrong people for the wrong reasons. And because it's so new and the regulators are way behind the curve - there is opportunity a plenty for the scammers to have a field day. This leads me on to BitConnect. . .

BitConnect is both a coin and a trading platform of sorts. It has a bot that averages around 1% returns per day. Yep, you read that right folks: 1% per day! There's no information on how the bot works, no white paper, no details of who the developers / founders are and no contact details or e-mail address etc. In spite of that, it's currently the 17th largest crypto by market cap', boasting a staggering $2,781,138,582 (and counting).

It appears to me to be a classic Ponzi Scheme - proper Bernie Madoff style. But 'investors' are ploughing into it big time, attracted by the prospect of tripling their money every year. YouTube is littered with videos warning people about it and, when it collapses as it surely will, it'll inject a much needed dose of reality into the whole crypto arena. I'm interested in cryptos and think they're here to stay and am keen to get involved. However, with the knowledge and insight I've gained from many years on T2W, I can see (along with many of you I'm sure) that this is one big, bad ar$e, rotten apple in the barrel.
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Thanks! The following members like this post: Quantt
Old Dec 30, 2017, 4:05am   #45
 
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Quantt started this thread The Christmas crypto correction. What really happened – James Crypto

http://jamescrypto.com/the-christmas...ally-happened/
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Old Dec 30, 2017, 6:58am   #46
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Here is a look from a different perspective. When we look at market cap and Bitcoin dominance we can see that there is clear distribution going on. A move out of BTC and diversification into smaller cryptos.

In the chart, "others" are represented by the white line and have moved from an average of about 10% up to 18%

The other significant beneficiary has been Ripple which now stands around 17% share of total market cap.

https://coinmarketcap.com/charts/#dominance-percentage
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Old Dec 30, 2017, 9:13am   #47
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Here is a look from a different perspective. When we look at market cap and Bitcoin dominance we can see that there is clear distribution going on. A move out of BTC and diversification into smaller cryptos.

In the chart, "others" are represented by the white line and have moved from an average of about 10% up to 18%

The other significant beneficiary has been Ripple which now stands around 17% share of total market cap.

https://coinmarketcap.com/charts/#dominance-percentage

its useful to know about this thanks
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Old Jan 5, 2018, 5:19pm   #48
 
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Quantt started this thread A cryptocurrency created as a parody is now worth more than $1 billion

https://www.cnbc.com/2018/01/04/cryp...1-billion.html
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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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