Cryptocurrencies: scams and skullduggery

This is a discussion on Cryptocurrencies: scams and skullduggery within the Cryptocurrencies forums, part of the Markets category; Warning Signs About Another Giant Bitcoin Exchange https://mobile.nytimes.com/2017/11/2...ex-tether.html...

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Old Nov 22, 2017, 12:08pm   #1
 
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Cryptocurrencies: scams and skullduggery

Warning Signs About Another Giant Bitcoin Exchange

https://mobile.nytimes.com/2017/11/2...ex-tether.html
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Last edited by Quantt; Nov 22, 2017 at 2:43pm.
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Old Nov 29, 2017, 2:50pm   #2
 
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'Wolf of Wall Street'-style 'pump and dump' scams plague cryptocurrency markets

Quantt started this thread 'Market manipulation 101': 'Wolf of Wall Street'-style 'pump and dump' scams plague cryptocurrency markets

http://uk.businessinsider.com/ico-cr...legram-2017-11
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Old Nov 30, 2017, 2:18pm   #3
 
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The bitcoin exchange Coinbase has been ordered to hand the IRS info on 14,355 of its

Quantt started this thread The bitcoin exchange Coinbase has been ordered to hand the IRS info on 14,355 of its highest-rolling customers

http://www.businessinsider.com/coinb...-taxes-2017-11

Looks like selling pressure might be coming soon after tax bills and penalties are handed out...
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Old Nov 30, 2017, 4:22pm   #4
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It will be interesting to see if things like that are reflected in the price or just ignored and it carries on surging.
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Old Nov 30, 2017, 6:47pm   #5
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It will be interesting to see if things like that are reflected in the price or just ignored and it carries on surging.
I'm going to keep an eye on it myself

Anyone talking like Bitcoin is unstoppable is not a trader...they are either a gambler or just a plain fool

I've hear people talking about anonymity with Bitcoin, but now here we have the exact opposite, should they comply
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Old Nov 30, 2017, 8:12pm   #6
 
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http://uk.businessinsider.com/jeremy...neur-30-2017-8
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Old Nov 30, 2017, 8:31pm   #7
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Just a few troubles with any crypto coin:
* Regulation will be imposed
* Scams to be exposed
* Hackers are always attacking
* It's so un-eco friendly it's unbelievable - the amount of energy being used to mine is increasing all the time, predicted to be more than the consumption of the UK early next year and surpassing the US by 2019. Sooner or later it will be stopped.
Not so bad if you hold a derivative and can get rid, not so good if you own actual coin.
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Old Nov 30, 2017, 8:58pm   #8
 
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bitcoin is not more than gambling
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Old Dec 10, 2017, 9:44am   #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, 5:54pm   #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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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 Dec 19, 2017, 6:20pm   #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, 6:25pm   #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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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 Dec 19, 2017, 6:31pm   #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, 6:35pm   #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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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 Dec 19, 2017, 6:40pm   #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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