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Bitcoin Misinformation


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2020 Nov 10, 10:01am   138,244 views  2,177 comments

by Onvacation   ➕follow (4)   💰tip   ignore  



In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds. Ernst & Young estimates that 10 percent of the money raised for initial coin offerings has been stolen.

The losers are ill-informed buyers caught up in the spiral of greed. The result is a massive transfer of wealth from ordinary families to internet promoters. And “massive” is a massive understatement — 1,500 different cryptocurrencies now register over $300 billion of “value.”

https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value

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1927   Onvacation   2022 Jul 16, 11:46am  

Are bitcoin transactions truly untraceable?

I'd say no.
1928   HeadSet   2022 Jul 16, 5:29pm  

Onvacation says

Are bitcoin transactions truly untraceable?

I'd say no.

Then wouldn't it be simple to find out who collected the payments and arrest them? Plenty of motivation to prosecute when the victims are large corporations, police departments, government offices, and hospitals, and the ransom payments are usually large.
1929   richwicks   2022 Jul 16, 5:34pm  

HeadSet says

Onvacation says


Are bitcoin transactions truly untraceable?

I'd say no.

Then wouldn't it be simple to find out who collected the payments and arrest them? Plenty of motivation to prosecute when the victims are large corporations, police departments, government offices, and hospitals, and the ransom payments are usually large.


It's pretty well understood that the people blackmailing people is the government itself. The "equation group" is a bunch of assholes inside of the NSA. We KNOW who is doing that, but our government is the fucking criminals themselves.
1930   SunnyvaleCA   2022 Jul 16, 5:58pm  

Chart above is missing (at least) one important row:
Transaction Privacy: high, high, low
Transaction Anonymity: high, high*, high**

* serial numbers on bills can be tracked (e.g.: finding Lindbergh kidnappers using serial numbers of ransom)
** if a user is identified for a single bitcoin transaction, then all transactions with that address are deanonomized
1931   Onvacation   2022 Jul 23, 9:54am  

Bitcoin Price Prediction: BTC Fails to Touch the Crucial Resistance
Looking at the daily chart, the bulls are struggling in keeping the Bitcoin price above the 9-day and 21-day moving averages, but the price is currently dropping below the 9-day MA. BTC/USD has been suffering since the European session as the technical indicator Relative Strength Index (14) moves to cross below 50-level. This could mean that the King coin is not yet ready for the upside.

1932   Bd6r   2022 Jul 23, 11:05am  

Onvacation says

BTC Fails to Touch the Crucial Resistance

BUY NOW OR YOU WILL BE POOR FOREVER!
1933   zzyzzx   2022 Aug 2, 7:08am  

https://finance.yahoo.com/news/nomad-hack-stolen-funds-125623615.html

Nearly $200 million drained from crypto bridge Nomad in latest crypto hack
1934   Onvacation   2022 Aug 11, 10:47am  

Bitcoin Price Prediction 2030
After years of analysis of the Bitcoin price, crypto experts are ready to provide their BTC cost estimation for 2030. It will be traded for at least $776,060.47, with the possible maximum peaks at $937,274.64. Therefore, on average, you can expect the BTC price to be around $798,474.46 in 2030.

Potential ROI: 3977%
BUY
Bitcoin Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin’s price. The year 2031 will be determined by the maximum BTC price of $1,353,943.82. However, its rate might drop to around $1,117,007.86. So, the expected average trading price is $1,148,946.84.

Potential ROI: 5789%
BUY
You can get Bitcoin and over 200 other cryptocurrencies on Changelly at fair rates and with low fees.

https://changelly.com/blog/bitcoin-price-prediction/

100k today will be worth 4.5m in 2030.
1935   Cash   2022 Aug 19, 8:38am  

Plans in the working and I haven't bought any crypto and don't have any plans to until the good ole USD plays out, probability says DXY 121 but will see.
1 marker taking place right now with BTC that wasn't in the past when BTC was dumping is stablecoins such as USDT USDC USDD etc. are loosing market cap instead of gaining, which means that money is going back to fiat and the banks this time as it will be with just about any asset you can name due to all the over leveraged players, including the paper trades on commodities, metals and oil imo Capitulation across the board is on the way and the EPIC deals on quality investments will be historical. GL
1936   Onvacation   2022 Aug 19, 8:42am  

Cash says

market cap

Can the term "market cap" really be applied to crypto?
1937   clambo   2022 Aug 19, 8:47am  

Should be “fantasy cap”.
1938   WookieMan   2022 Aug 19, 9:17am  

Onvacation says

Cash says


market cap

Can the term "market cap" really be applied to crypto?

Nope. Not an asset. Unless a spreadsheet/database of numbers all a sudden holds value. It's not even usable data for marketing or anything. It's the literal definition of worthless.
1939   Onvacation   2022 Aug 19, 9:22am  

It is only worth what the next biggest fool will pay for it.

Of course there are a lot of fools out there.
1940   Cash   2022 Aug 20, 9:00am  

1941   Onvacation   2022 Sep 7, 10:13am  

People also ask
How much is BTC worth in 2025?
It is assumed that in 2025, the minimum BTC price might drop to $85,596.05, while its maximum can reach $102,438.17. On average, the trading cost will be around $88,043.53.
https://changelly.com/blog/bitcoin-price-prediction/
1942   Onvacation   2022 Nov 9, 11:02am  

WOW!
BTC 16,591.00USD
−1,956.50 (10.55%)today

Down 10% today. They must have stiffed the mules.
1943   Eric Holder   2022 Nov 9, 11:44am  

Onvacation says

WOW!
BTC 16,591.00USD
−1,956.50 (10.55%)today

Down 10% today. They must have stiffed the mules.


IT"S A BUYING OPPORTUNITY!!!!
1945   DD214   2022 Nov 10, 5:23am  

From a $32 billion valuation to a fire sale in 11 months: How FTX nosedived in spectacular fashion

https://markets.businessinsider.com/news/currencies/ftx-crypto-implosion-sam-bankman-fried-loses-billions-sequoia-trillionaire-2022-11
1946   DD214   2022 Nov 10, 5:25am  

Tom Brady and other super wealthy investors lost big money in FTX’s collapse

https://fortune.com/2022/11/09/tom-brady-ftx-crypto-collapse-lost-investment/
1947   1337irr   2022 Nov 10, 6:18am  

DD214 says

Tom Brady and other super wealthy investors lost big money in FTX’s collapse

https://fortune.com/2022/11/09/tom-brady-ftx-crypto-collapse-lost-investment/

And his wife divorced him...so there's that.
1948   WookieMan   2022 Nov 10, 7:33am  

1337irr says

And his wife divorced him...so there's that.

Didn't she make more than him? She also didn't want him to play football anymore. I'd agree with her. They're wealthy enough. Why get brain damage. You're considered the GOAT. I don't see anyone getting remotely near what stats he's achieved. He's going to end on a low note and lose a super model wife that still is hot at her older(ish) age. Some dudes are morons.

Don't pander to the woman, but for christ sake, football is the dumbest sport on the planet. He should have retired by now. Or maybe he's bad with money? Who knows. There's no point in playing anymore. Plenty of endorsement and commentary opportunities to bring in 7 figures easy.
1949   mell   2022 Nov 10, 9:39am  

Eric Holder says

Onvacation says


WOW!
BTC 16,591.00USD
−1,956.50 (10.55%)today

Down 10% today. They must have stiffed the mules.


IT"S A BUYING OPPORTUNITY!!!!

It's because of the FTX disaster. whether btc can come back to previous levels and at least hold 20k again remains to be seen, we continue to be bearish, but it won't go away
1951   DD214   2022 Nov 11, 2:56am  

Bankman-Fried’s Cabal of Roommates in the Bahamas Ran His Crypto Empire – and Dated. Other Employees Have Lots of Questions.

“The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on condition of anonymity.

https://www.coindesk.com/business/2022/11/10/bankman-frieds-cabal-of-roommates-in-the-bahamas-ran-his-crypto-empire-and-dated-other-employees-have-lots-of-questions/
1952   EBGuy   2022 Nov 11, 7:20pm  

Eric Holder says

IT"S A BUYING OPPORTUNITY!!!!

I'll say... about time!

1953   RWSGFY   2022 Nov 12, 7:49am  

BACK UP THE TRUCK!!!
1955   zzyzzx   2022 Nov 15, 11:21am  

Short AMD and NVIDIA?
1956   DD214   2022 Nov 16, 5:18am  

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse. The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/
1957   1337irr   2022 Nov 16, 5:24am  

zzyzzx says

Short AMD and NVIDIA?

Nvidia is a better short than AMD because AMD has less reliance on mining hardware.
1959   Tenpoundbass   2022 Nov 16, 6:15am  

Nobody would never answer me when I used to ask. "What happens when the guy who's Hardware, your BitCoins are running through, runs off with the hard Currency backing the Bitcoins?"

They never liked hearing that, the notion that Cash backs Blockchain digital currency. It's supposed to be the other way around the blockchain is backing the dollar, they said.

What a brilliant Ponzi scheme. Even the Fed Chief was suckered into considering converting our whole economy over to it.
1960   Onvacation   2022 Nov 16, 6:52am  

Tenpoundbass says

"What happens when the guy who's Hardware, your BitCoins are running through, runs off with the hard Currency backing the Bitcoins?"

The money going into crypto is consumed. There is no "store of value" to run off with.
1962   Onvacation   2022 Nov 20, 7:45pm  

BTC Under 15K! BUY!

Miners got kids that have to eat.
1963   DD214   2022 Nov 21, 5:30pm  

Days after its lending unit was forced to halt withdrawals in wake of the collapse of crypto exchange FTX, Genesis Global Trading has mentioned bankruptcy as a potential option as it seeks fresh capital, reports Bloomberg citing people with knowledge of the matter.

https://www.coindesk.com/business/2022/11/21/genesis-bankruptcy-jitters-send-bitcoin-to-fresh-low/
1964   AD   2022 Nov 21, 6:36pm  

As of the end of July 2022
.



,
1965   AD   2022 Nov 21, 7:00pm  

Look at Microstrategy and other bitcoin stocks like Coinbase

Bitcoin broke below $16000 recently :-/

When does Microstrategy stock goes to $0 ? I use to live near its headquarters.

.

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