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PostPosted: Tue Mar 05, 2019 12:56 pm 
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etherman wrote:
So they got into the dead Quadriga guys laptop, and found out he had already cleaned out all the accounts. :lol:

https://www.bbc.co.uk/news/technology-47454528


The only surprise is the number of credulous fools who are prepared to give their money to somebody else based on a nice website and some clever sounding jargon.


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PostPosted: Tue Mar 05, 2019 1:39 pm 
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A5D5E5 wrote:
etherman wrote:
So they got into the dead Quadriga guys laptop, and found out he had already cleaned out all the accounts. :lol:

https://www.bbc.co.uk/news/technology-47454528


The only surprise is the number of credulous fools who are prepared to give their money to somebody else based on a nice website and some clever sounding jargon.


The sort of folk you could sell "magic beans" to.


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PostPosted: Tue Mar 05, 2019 1:52 pm 
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etherman wrote:
So they got into the dead Quadriga guys laptop, and found out he had already cleaned out all the accounts. :lol:

https://www.bbc.co.uk/news/technology-47454528


Total scam. No offices,no bank accounts, no employees, co founder a convicted felon ( Michael Patryn/Omar Dhanani ) and the guy carries around 190 million Canadian in his laptop..!! Files a will 12 days before his death. FFS if I were ever going to scam my own demise, India would be top of my list to do it in.

There really are mugs born every minute.


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PostPosted: Sat May 11, 2019 11:04 pm 
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Bitcoin has been rallying hard the last five weeks, up 20% the last 7 days.


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PostPosted: Sun May 12, 2019 12:24 am 
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Harveys wrote:
Bitcoin has been rallying hard the last five weeks, up 20% the last 7 days.


Yep. Unless you're really focused on what is happening in the world of digital currency, you're still riding horses.


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PostPosted: Sun May 12, 2019 3:28 am 
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Well I would back LTC from sub $90 to $130 ish over the next week


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PostPosted: Sun May 12, 2019 11:18 pm 
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Any thoughts on Durov's TON network & GRAM?.....it will be interesting to see what happens now that Zuckerberg has mimicked Pavel's lead, though I'd expect Facebook's past privacy indiscretions could have an impact..... mind you, there are pluses and minuses for both. I managed to get in on the first VC tranche at .85c and the recent BETA testing of the platform transaction speeds looks very promising.


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PostPosted: Tue Jun 18, 2019 12:41 am 
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Who would've guessed a big co would try and co opt the "new tech"

https://twitter.com/Nouriel/status/1140750182373568514

I tend to subscribe to the view that all the Co's that paid in 10m did it just to be sure they wouldn't be missing out.


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PostPosted: Tue Jun 18, 2019 1:34 am 
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paddyor wrote:
Who would've guessed a big co would try and co opt the "new tech"

https://twitter.com/Nouriel/status/1140750182373568514

I tend to subscribe to the view that all the Co's that paid in 10m did it just to be sure they wouldn't be missing out.


Do you still think this spells the end of Bitcoin?


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PostPosted: Tue Jun 18, 2019 1:55 pm 
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And Facebook announce Libra, their own blockchain based coin.


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PostPosted: Tue Jun 18, 2019 5:14 pm 
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Yourmother wrote:
goeagles wrote:
Yourmother wrote:
goeagles wrote:
Azlan Roar wrote:
It now costs more to make bitcoin than the cryptocurrency is worth according to an analysis by JP Morgan Chase, published in NS


It might cost more than $3500 in most places, but Bitcoin mining has been remarkably efficient at finding the cheapest unused power sources. Also, the price has been around this level for a couple months. I doubt people are going to mine at a loss for months. When those with higher mining costs end up having to stop mining, the difficulty adjustment goes down and it costs less to mine.


What a staggering waste of resources.

In a world where we try to build tech to do things more efficiently, use less resource, and waste less energy, I present to you bitcoin.


First, quite a bit of the energy used to mine Bitcoin comes from places with unused renewable energy, like hydro in Sichuan province, that would otherwise be wasted. But beyond that, just because you think Bitcoin is a waste of resources does not make it so. I happen to think, at the very least, it's an important hedge against a) the hyper-surveillance that will come with a cashless society, b) increasingly experimental monetary policy either being implemented (QE) or proposed (MMT) in developed nations and c) living under an authoritarian regime.

Edit to add that Bitcoin could be more efficient but you basically have to trade security/vulnerability for efficiency. If you think of Bitcoin as a base settlement layer with other layers built on top of it, you want it to be very secure. Then you let layer 2 solutions like Lightning increase efficiency, without sacrificing anything on the base layer.


Lightning just adds a bodge on top of the horrible inefficiency of bitcoin, and then loses the security.

And speaking of security, simple open source code shared can lead to massive fraud, as has occurred.

But in the bitcoin world there is no recourse.

It’s a complete mess.


Because theres never been any fraud in the closed shop banking system.


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PostPosted: Tue Jun 18, 2019 5:19 pm 
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Nabberuk wrote:
Yourmother wrote:
goeagles wrote:
Yourmother wrote:
goeagles wrote:
It might cost more than $3500 in most places, but Bitcoin mining has been remarkably efficient at finding the cheapest unused power sources. Also, the price has been around this level for a couple months. I doubt people are going to mine at a loss for months. When those with higher mining costs end up having to stop mining, the difficulty adjustment goes down and it costs less to mine.


What a staggering waste of resources.

In a world where we try to build tech to do things more efficiently, use less resource, and waste less energy, I present to you bitcoin.


First, quite a bit of the energy used to mine Bitcoin comes from places with unused renewable energy, like hydro in Sichuan province, that would otherwise be wasted. But beyond that, just because you think Bitcoin is a waste of resources does not make it so. I happen to think, at the very least, it's an important hedge against a) the hyper-surveillance that will come with a cashless society, b) increasingly experimental monetary policy either being implemented (QE) or proposed (MMT) in developed nations and c) living under an authoritarian regime.

Edit to add that Bitcoin could be more efficient but you basically have to trade security/vulnerability for efficiency. If you think of Bitcoin as a base settlement layer with other layers built on top of it, you want it to be very secure. Then you let layer 2 solutions like Lightning increase efficiency, without sacrificing anything on the base layer.


Lightning just adds a bodge on top of the horrible inefficiency of bitcoin, and then loses the security.

And speaking of security, simple open source code shared can lead to massive fraud, as has occurred.

But in the bitcoin world there is no recourse.

It’s a complete mess.


Because theres never been any fraud in the closed shop banking system.


He is talking rubbish.


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PostPosted: Tue Jun 18, 2019 5:35 pm 
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sorCrer wrote:
Nabberuk wrote:
Yourmother wrote:

Lightning just adds a bodge on top of the horrible inefficiency of bitcoin, and then loses the security.

And speaking of security, simple open source code shared can lead to massive fraud, as has occurred.

But in the bitcoin world there is no recourse.

It’s a complete mess.


Because theres never been any fraud in the closed shop banking system.


He is talking rubbish.

I remember getting a lecture from a young eighteen-year-old in a computer repair shop on the inherent vulnerability of open source software due to anyone being able to get the source code and write viruses and how the Windows security through obfuscation model was greatly superior to Linux for that reason.

Still, I suppose it does provide an element of logic to the still-unformed mind.


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PostPosted: Tue Jun 18, 2019 5:41 pm 
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Rinkals wrote:
I remember getting a lecture from a young eighteen-year-old in a computer repair shop on the inherent vulnerability of open source software due to anyone being able to get the source code and write viruses and how the Windows security through obfuscation model was greatly superior to Linux for that reason.

Still, I suppose it does provide an element of logic to the still-unformed mind.


You'd think that someone would realise that open source software generally has less vulnerabilities due to it's codebase transparency.


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PostPosted: Fri Jun 21, 2019 11:03 pm 
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Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


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PostPosted: Fri Jun 21, 2019 11:05 pm 
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kiwinoz wrote:
Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


I'll be happy either way. :smug:


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PostPosted: Fri Jun 21, 2019 11:37 pm 
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sorCrer wrote:
kiwinoz wrote:
Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


I'll be happy either way. :smug:


:thumbup:


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PostPosted: Sat Jun 22, 2019 2:24 am 
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sorCrer wrote:
kiwinoz wrote:
Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


I'll be happy either way. :smug:

I'm sure you will

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PostPosted: Sat Jun 22, 2019 2:45 am 
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kiwinoz wrote:
Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


It will be interesting to watch, if we break through 11.6k and find support, well there are not many supports left to test before ATH.

But yea, some are sitting on good profits, id be surprised not to see some profit taking soon.


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PostPosted: Sat Jun 22, 2019 3:08 am 
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Harveys wrote:
kiwinoz wrote:
Next few days will be interesting. I expect a "lord giveth and lord taketh away" week or so.


It will be interesting to watch, if we break through 11.6k and find support, well there are not many supports left to test before ATH.

But yea, some are sitting on good profits, id be surprised not to see some profit taking soon.

FOMO will outweigh any people cashing in their profits. The speed it went from 9900 to 10400 was alarming.


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PostPosted: Sat Jun 22, 2019 3:47 am 
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Ha, last I saw it was 9.7k.

We will see what happens with volume.


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PostPosted: Sat Jun 22, 2019 5:33 am 
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Smells like a hail mary play to me

1. IFinex companies (Bitfinix, Tether) start getting hauled before the courts for massive fraud and what not.
2. BTC starts inflating again. Above entities obtain 90 day injunction in mid May from courts
3. Tether start fashioning vast amounts of money out of thin air (again), including $200M in the last 2 weeks alone
4. BTC goes on a tear, largely un-correlated with and completely out of proportion with other safe-haven assets

They got away with it in 2017/2018, will they get away with it again? Will go down as one of the world's greatest scams.


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PostPosted: Sat Jun 22, 2019 1:17 pm 
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$11000 now.


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PostPosted: Sat Jun 22, 2019 1:49 pm 
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XRP is having a lot of trouble breaking past .46.


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PostPosted: Sat Jun 22, 2019 1:55 pm 
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Harveys wrote:
XRP is having a lot of trouble breaking past .46.


It will follow. The alts normally do. Hope so anyway. Edit: No need to be so open. :blush:


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PostPosted: Sat Jun 22, 2019 1:58 pm 
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Harveys wrote:
XRP is having a lot of trouble breaking past .46.


.465 now


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PostPosted: Sat Jun 22, 2019 2:04 pm 
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sorCrer wrote:
Harveys wrote:
XRP is having a lot of trouble breaking past .46.


.465 now


XRP & XLM have done fudge all this run, apparently XRP is always late to the party but still I expected it to be back at a dollar by now.


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PostPosted: Sat Jun 22, 2019 2:11 pm 
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Harveys wrote:
sorCrer wrote:
Harveys wrote:
XRP is having a lot of trouble breaking past .46.


.465 now


XRP & XLM have done fudge all this run, apparently XRP is always late to the party but still I expected it to be back at a dollar by now.


Yep. XRP is like that but it's starting to move now. Stellar is too.


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PostPosted: Sat Jun 22, 2019 2:24 pm 
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I suggest any fan or speculator of cryptocurrencies, especially bitcoin, endeavour to read the following document at their own leisure:

https://iapps.courts.state.ny.us/fbem/D ... ystem=prod


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PostPosted: Sat Jun 22, 2019 2:47 pm 
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massive_field_goal wrote:
I suggest any fan or speculator of cryptocurrencies, especially bitcoin, endeavour to read the following document at their own leisure:

https://iapps.courts.state.ny.us/fbem/D ... ystem=prod


Been following Bitfinex and the Tether issue for years and it is very problematic. Bitfinex is a stable business though and appear confident that they can handle the tether loan repayment. Worrying yes, end of the world? Probably not.


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PostPosted: Sat Jun 22, 2019 3:16 pm 
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"stable business"? that's not the impression I get reading that writ above!

i'm convinced they played/play a central role in manipulating prices higher - in fact it's almost a given. seeing as they are supposed to front up to court in less than two months with a bunch of documents disproving this, and so far they have only provided screenshots and twitter posts, it is highly likely they are having one last horrah before a shit load of money goes missing.


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PostPosted: Sat Jun 22, 2019 4:07 pm 
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massive_field_goal wrote:
"stable business"? that's not the impression I get reading that writ above!

i'm convinced they played/play a central role in manipulating prices higher - in fact it's almost a given. seeing as they are supposed to front up to court in less than two months with a bunch of documents disproving this, and so far they have only provided screenshots and twitter posts, it is highly likely they are having one last horrah before a shit load of money goes missing.


I'm concerned about Tether and whether it's propped up. Have been since 2017.

In terms of volume, Bitfinex isn't in the top 20 list of exchanges. It was established in 2012 though and they have come through before. All we can do is wait and see.


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PostPosted: Wed Jun 26, 2019 1:09 am 
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BTC dominance over 60% for the first time since 2017.


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PostPosted: Wed Jun 26, 2019 1:39 am 
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goeagles wrote:
BTC dominance over 60% for the first time since 2017.


Looking very bullish. I reckon it will test 12k shortly.


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PostPosted: Wed Jun 26, 2019 1:49 am 
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Again, no hype at all in media etc compared to last time. Nothing fundamental to drive the price. Alt coins not following BTC this time - it all screams manipulation.

Bitcoin is being destroyed and all the HODLers are having a party.


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PostPosted: Wed Jun 26, 2019 2:56 am 
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massive_field_goal wrote:
Again, no hype at all in media etc compared to last time. Nothing fundamental to drive the price. Alt coins not following BTC this time - it all screams manipulation.

Bitcoin is being destroyed and all the HODLers are having a party.


Media hype might drive retail investors but this is almost certainly coming from institutional investors. The fundamentals are as strong as ever. Highest hash rate ever, better fiat on/off ramps, better custodial solutions than ever, general legitimization of the industry via Facebook/JPM/etc. Nothing about Bitcoin is being destroyed. It grows stronger every day and the need for it becomes more apparent as we hear more and more from central banks talking about crazy wealth destroying policies.


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PostPosted: Wed Jun 26, 2019 6:08 am 
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Its strange that BTC will pull all down but necessarily doesn't pull them up. Alts to jump soon I think but there is heavy manipulation taking place ie 100% of LTC trading by volume. This is throwing timing etc out a bit eg my $135 LTC prediction from $90 took a bit longer than I suggested.


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PostPosted: Wed Jun 26, 2019 6:22 am 
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The way I see it, the folk doing the manipulatin' have been given a carte blanche from the courts with about 1 month left, so they are extracting as much fiat (for lack of a better term) out of the system before it all goes tits up.


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PostPosted: Wed Jun 26, 2019 6:43 am 
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That may be the case - tether has been highlighted as being dodgy from early days but once the EFTs etc came on then all hell broke loose on manipulation. I know someone who could prior to EFTs predict prices turns to the exact point in time now working within a week or so at best. Its no different to say Silver where there has even been confessions and convictions of manipulation but it still continues.


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PostPosted: Wed Jun 26, 2019 7:24 am 
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sorCrer wrote:
goeagles wrote:
BTC dominance over 60% for the first time since 2017.


Looking very bullish. I reckon it will test 12k shortly.


Hard to believe only 18 months later we could be looking at potently another ATH, but stepping back and looking at the entire history its much less surprising.

Quote:
350 day moving average of Bitcoin’s price. It has historically been an important moving average because once price moves above it, a new bull run begins.


Spoiler: show
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Last edited by Harveys on Thu Jun 27, 2019 6:23 am, edited 1 time in total.

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