Cryptocurrencies: scams and skullduggery

Pat494

Well-known member
Mar 27, 2004
13,189
1,262
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#91
Bitcoin which was $19,000+ a short time ago is now just over $11,300 per coin.
Glad I resisted the urge.
 

Signalcalc

Well-known member
May 21, 2016
2,209
378
93
#92
Nope can’t find the amazing article I was looking for, it appears to have been washed into a million other articles all speculating about the greatness of blockchain and how it will change the world, oh well, next technology please, blockchain is officially old hat and is indeed, truly, currently a scam.
 

Quantt

Active member
Jul 23, 2017
945
57
38
#93
Bitcoin which was $19,000+ a short time ago is now just over $11,300 per coin.
Glad I resisted the urge.
This is my bold prediction:

The big whales holding most of the crypto tokens will have to cook something up to drive the price and the hype up again... they need a new blood to sell to...

So my prediction is a new high profile ICO will come into play soon, big company name with multi billion offer and the hope of the whales is that the rising tide will lift all others + they will give themselves large portion of the new ICO (20% anyone) for free to sell to the gullible...

Just watch...
 

brewski1984

Well-known member
Sep 9, 2010
2,027
343
93
#94
I've heard there's pump and dump groups operating out there... just look at Bitcoin Diamond the last few days.

I've read a few things about Tron/trx , that looks like it could be a promising punt. Links with Alibaba etc and only 6c right now
 

Quantt

Active member
Jul 23, 2017
945
57
38
#95
I've heard there's pump and dump groups operating out there... just look at Bitcoin Diamond the last few days.

I've read a few things about Tron/trx , that looks like it could be a promising punt. Links with Alibaba etc and only 6c right now
I would advice you to read about The DAO - the biggest crypto venture fund at the time, the biggest crowdfunded campaign in history, decentralized, democratic, open sourced, stateless, hyped to the Nth degree... and why now we have two Ethereum tokens (Ethereum and Ethereum classic)...

Very interesting story...

And all this happened in ancient history - less then 2 years ago...
 

Signalcalc

Well-known member
May 21, 2016
2,209
378
93
#96
This is my bold prediction:

The big whales holding most of the crypto tokens will have to cook something up to drive the price and the hype up again... they need a new blood to sell to...

So my prediction is a new high profile ICO will come into play soon, big company name with multi billion offer and the hope of the whales is that the rising tide will lift all others + they will give themselves large portion of the new ICO (20% anyone) for free to sell to the gullible...

Just watch...
I doubt it, all those poor saps that have invested on the way up and at the top of peak hype have just lost all their money, nothing left to invest and no doubt alot of them have been ruined, saddled with debts from the money they borrowed to invest, totally flushed.
 

Quantt

Active member
Jul 23, 2017
945
57
38
#97
I doubt it, all those poor saps that have invested on the way up and at the top of peak hype have just lost all their money, nothing left to invest and no doubt alot of them have been ruined, saddled with debts from the money they borrowed to invest, totally flushed.
Yep, agreed...

My prediction is only that there is going to an attempt to revive the interest with a new "monster" billion dollars ICO in the coming months, I am not predicting how successful or not it it going to be...
 

Signalcalc

Well-known member
May 21, 2016
2,209
378
93
#98
Yep, agreed...

My prediction is only that there is going to an attempt to revive the interest with a new "monster" billion dollars ICO in the coming months, I am not predicting how successful or not it it going to be...
Yes, it would be a good barometer of the state of the market, if it happens (y)
 

Quantt

Active member
Jul 23, 2017
945
57
38
#99
As bad as it is right now, the biggest selloff and panic will happen when people realize that the biggest exchange is in trouble, there are no 1.5 Billion dollars in a bank account somewhere to back Tether (they just "printed" 200 millions new tokens I believe yesterday, because of the demand as a "safe currency") and they cannot make a withdrawal...
 

brewski1984

Well-known member
Sep 9, 2010
2,027
343
93
Everything is getting battered... I dread to think how many people are losing everything at the moment...

Then again... buying opportunity? :LOL: