patrick.net
An Antidote to Corporate Media
1,259,873 comments by 15,047 users - Ceffer, mell, Tenpoundbass, WookieMan online now
invite response« First « Previous Comments 1,791 - 1,830 of 2,177 Next » Last » Search these comments
1791
Onvacation
2022 Mar 31, 9:19pm
Onvacation
2022 Mar 31, 9:19pm
Digital Gold
There are a lot of idle bitcoins out there. HODLers and lost passwords account for a majority of bitcoins. Nobody knows how much of either. Nobody really knows for sure who owns what except for the "ledger" of addresses of "Coin" ownership and the record of transactions. Imagine all the geeks who are kicking themselves for losing the passwords to the accounts that had "just a few thousand" bitcoins from the early days when "mining" was a geeky thing to do.
There are a lot of idle bitcoins out there. HODLers and lost passwords account for a majority of bitcoins. Nobody knows how much of either. Nobody really knows for sure who owns what except for the "ledger" of addresses of "Coin" ownership and the record of transactions. Imagine all the geeks who are kicking themselves for losing the passwords to the accounts that had "just a few thousand" bitcoins from the early days when "mining" was a geeky thing to do.
1792
Maga_Chaos_Monkey
2022 Mar 31, 9:20pm
Maga_Chaos_Monkey
2022 Mar 31, 9:20pm
Onvacation says
I do agree that this is an issue. I don't have an answer for it. It's the one thing. Probably primarily affecting bitcorn.
lost passwords
I do agree that this is an issue. I don't have an answer for it. It's the one thing. Probably primarily affecting bitcorn.
1793
Onvacation
2022 Mar 31, 9:24pm
Onvacation
2022 Mar 31, 9:24pm
The price of bitcoin is so high because there are a lot of buyers for the the small amount of coins that are mined or traded at any given time.
There are no doubt a lot of people who "stack" some Satoshi's because they can purchase them from a kiosk at the local liquor store. They know a brother, or a cousin, who cashed out some crypto and made some bank. They "dollar cost average" $50 each paycheck will get around 100,000 Satoshi's.at the current price. If the price goes down the $50 will buy MORE Satoshi's.
More nefariously it is used for human trafficking, ransoms, and other forms of payoff. It's a lot easier to transfer some crypto than transport some cash.
I started this thread to warn people about how the crypto scam works. I do not think it is an ethical way to try and make money. It is a gamble that is costly to everyone.
There are no doubt a lot of people who "stack" some Satoshi's because they can purchase them from a kiosk at the local liquor store. They know a brother, or a cousin, who cashed out some crypto and made some bank. They "dollar cost average" $50 each paycheck will get around 100,000 Satoshi's.at the current price. If the price goes down the $50 will buy MORE Satoshi's.
More nefariously it is used for human trafficking, ransoms, and other forms of payoff. It's a lot easier to transfer some crypto than transport some cash.
I started this thread to warn people about how the crypto scam works. I do not think it is an ethical way to try and make money. It is a gamble that is costly to everyone.
1794
Onvacation
2022 Mar 31, 9:27pm
Onvacation
2022 Mar 31, 9:27pm
Bitcoin very well may take another leap to 100,000 fiat. If you get in now and cash out at the peak, you too can be a bitcoin millionaire.
1795
Maga_Chaos_Monkey
2022 Mar 31, 9:27pm
Maga_Chaos_Monkey
2022 Mar 31, 9:27pm
Onvacation says
This is commonly stated with no evidence. In fact, as Janet Yellen has recently realized, quite the opposite. It's easier to do crime with $ than bitcorn and not get caught.
That may change when they push us all onto CBDC though. People can use intermediaries for bitcorn and maintain anonymity. Most aren't so bright though and just use an open ledger.
Most crime is paid for in dolla dolla bills.
More nefariously it is used for human trafficking, ransoms, and other forms of payoff.
This is commonly stated with no evidence. In fact, as Janet Yellen has recently realized, quite the opposite. It's easier to do crime with $ than bitcorn and not get caught.
That may change when they push us all onto CBDC though. People can use intermediaries for bitcorn and maintain anonymity. Most aren't so bright though and just use an open ledger.
Most crime is paid for in dolla dolla bills.
1796
Onvacation
2022 Mar 31, 9:35pm
Onvacation
2022 Mar 31, 9:35pm
FJB says
So bitcoin is useless?
This is commonly stated with no evidence. In fact, as Janet Yellen has recently realized, quite the opposite. It's easier to do crime with $ than bitcorn and not get caught.
So bitcoin is useless?
1797
Onvacation
2022 Apr 3, 7:45am
Onvacation
2022 Apr 3, 7:45am
How To Avoid Cryptocurrency Scams
Scammers are always finding new ways to steal your money using cryptocurrency. One sure sign of a scam is anyone who says you have to pay by cryptocurrency. In fact, anyone who tells you to pay by wire transfer, gift card, or cryptocurrency is a scammer. Of course, if you pay, there’s almost no way to get that money back. Which is what the scammers are counting on.
Scammers are always finding new ways to steal your money using cryptocurrency. One sure sign of a scam is anyone who says you have to pay by cryptocurrency. In fact, anyone who tells you to pay by wire transfer, gift card, or cryptocurrency is a scammer. Of course, if you pay, there’s almost no way to get that money back. Which is what the scammers are counting on.
1798
Onvacation
2022 Apr 4, 5:54am
Onvacation
2022 Apr 4, 5:54am
Investment and business opportunity scams
*Some companies promise that you can earn lots of money in a short time and achieve financial freedom.
Some scammers tell you to pay in cryptocurrency for the right to recruit others into a program. If you do, they say, you’ll get recruitment rewards paid in cryptocurrency. The more cryptocurrency you pay, the more money they promise you’ll make. But these are all fake promises, and false guarantees.
*Some scammers start with unsolicited offers from supposed “investment managers.” These scammers say they can help you grow your money if you give them the cryptocurrency you’ve bought. But once you log in to the “investment account” they opened, you’ll find that you can’t withdraw your money unless you pay fees.
Some scammers send unsolicited job offers to help recruit cryptocurrency investors, sell cryptocurrency, mine cryptocurrency, or help with converting cash to bitcoin.
*Some scammers list scam jobs on job websites. They’ll promise you a job (for a fee), but end up taking your money or personal information.
*Some companies promise that you can earn lots of money in a short time and achieve financial freedom.
Some scammers tell you to pay in cryptocurrency for the right to recruit others into a program. If you do, they say, you’ll get recruitment rewards paid in cryptocurrency. The more cryptocurrency you pay, the more money they promise you’ll make. But these are all fake promises, and false guarantees.
*Some scammers start with unsolicited offers from supposed “investment managers.” These scammers say they can help you grow your money if you give them the cryptocurrency you’ve bought. But once you log in to the “investment account” they opened, you’ll find that you can’t withdraw your money unless you pay fees.
Some scammers send unsolicited job offers to help recruit cryptocurrency investors, sell cryptocurrency, mine cryptocurrency, or help with converting cash to bitcoin.
*Some scammers list scam jobs on job websites. They’ll promise you a job (for a fee), but end up taking your money or personal information.
1799
Onvacation
2022 Apr 4, 6:42am
Onvacation
2022 Apr 4, 6:42am
Look for claims like these to help you spot the companies and people to avoid:
*Scammers guarantee that you’ll make money. If they promise you’ll make a profit, that’s a scam. Even if there’s a celebrity endorsement or testimonials. (Those are easily faked.)
*Scammers promise big payouts with guaranteed returns. Nobody can guarantee a set return, say, double your money. Much less in a short time.
Scammers promise free money. They’ll promise it in cash or cryptocurrency, but free money promises are always fake.
*Scammers make big claims without details or explanations. Smart business people want to understand how their investment works, and where their money is going. And good investment advisors want to share that information.
*Scammers emphasize FOMO.
*Scammers guarantee that you’ll make money. If they promise you’ll make a profit, that’s a scam. Even if there’s a celebrity endorsement or testimonials. (Those are easily faked.)
*Scammers promise big payouts with guaranteed returns. Nobody can guarantee a set return, say, double your money. Much less in a short time.
Scammers promise free money. They’ll promise it in cash or cryptocurrency, but free money promises are always fake.
*Scammers make big claims without details or explanations. Smart business people want to understand how their investment works, and where their money is going. And good investment advisors want to share that information.
*Scammers emphasize FOMO.
1800
Onvacation
2022 Apr 4, 11:34am
Onvacation
2022 Apr 4, 11:34am
Checklist: How to detect a crypto scam
Unsure whether a particular crypto website is a scam or not? Use this checklist to help sort legitimate providers from those platforms you’re better off avoiding altogether.
*Does the company’s app glitch out and make it impossible to log in? If you can’t access your account, you can’t access your funds either.
*Does the website connect securely over https (not http)? If the address starts with “http” instead of “https,” the data you send to the website is not secure.
*Can you see the word “Secure” or an image of a padlock in your web browser’s address bar? This indicates that a website is secure.
*Does the website’s URL have any noticeable spelling mistakes or errors? If so, it could be a fake.
*Does the site feature bad grammar, awkward phrasing or spelling mistakes? If it does, this doesn’t necessarily indicate a scam, but it does mean you should proceed with caution.
*Does the website promise abnormally high returns? (For example, does it claim you’ll be able to double your investment?) This should raise a big red flag and is a common indicator of a scam.
*Is there an “About us” page? Does it show the real people behind the company? Does it provide any details about where the company is registered? If there’s little or no information about who the company is and what it does, you could be dealing with a scam.
*Do legitimate, reputable websites link to this site? This could indicate that the site is trusted and respected.
What do other users say about the website? Are there any negative reviews and, if so, what do they say? The crypto community is usually pretty quick to spread the word about scams.
*Who is the registered owner of a domain or website? Is the owner hidden behind private registration? Has the domain been registered for less than six months? (You can find this information by searching for the platform’s URL registration details on a site like WHOis.net). The more information you can find about the people/company behind a website, the better.
*Is there anything else about the website that raises red flags or just seems too good to be true? If there’s something that just doesn’t seem right, trust your gut.
Does the website claim any celebrity endorsements?
*Many investment scams use fake celebrity endorsements to get people to lower their guard.
Did you first hear about it on social media, or did they approach you first? Social media and unsolicited messages are common ways for scammers to reach new victims.
Remember, crypto has no recourse. Once you have given your cash up you may never get it back.
Unsure whether a particular crypto website is a scam or not? Use this checklist to help sort legitimate providers from those platforms you’re better off avoiding altogether.
*Does the company’s app glitch out and make it impossible to log in? If you can’t access your account, you can’t access your funds either.
*Does the website connect securely over https (not http)? If the address starts with “http” instead of “https,” the data you send to the website is not secure.
*Can you see the word “Secure” or an image of a padlock in your web browser’s address bar? This indicates that a website is secure.
*Does the website’s URL have any noticeable spelling mistakes or errors? If so, it could be a fake.
*Does the site feature bad grammar, awkward phrasing or spelling mistakes? If it does, this doesn’t necessarily indicate a scam, but it does mean you should proceed with caution.
*Does the website promise abnormally high returns? (For example, does it claim you’ll be able to double your investment?) This should raise a big red flag and is a common indicator of a scam.
*Is there an “About us” page? Does it show the real people behind the company? Does it provide any details about where the company is registered? If there’s little or no information about who the company is and what it does, you could be dealing with a scam.
*Do legitimate, reputable websites link to this site? This could indicate that the site is trusted and respected.
What do other users say about the website? Are there any negative reviews and, if so, what do they say? The crypto community is usually pretty quick to spread the word about scams.
*Who is the registered owner of a domain or website? Is the owner hidden behind private registration? Has the domain been registered for less than six months? (You can find this information by searching for the platform’s URL registration details on a site like WHOis.net). The more information you can find about the people/company behind a website, the better.
*Is there anything else about the website that raises red flags or just seems too good to be true? If there’s something that just doesn’t seem right, trust your gut.
Does the website claim any celebrity endorsements?
*Many investment scams use fake celebrity endorsements to get people to lower their guard.
Did you first hear about it on social media, or did they approach you first? Social media and unsolicited messages are common ways for scammers to reach new victims.
Remember, crypto has no recourse. Once you have given your cash up you may never get it back.
1801
Onvacation
2022 Apr 6, 6:41am
Onvacation
2022 Apr 6, 6:41am
Still waiting to hear how to make money in crypto without finding a bigger fool.
1802
Onvacation
2022 Apr 12, 6:57am
Onvacation
2022 Apr 12, 6:57am
5 Top Crypto Scams to Watch in 2022
From the "pig butchering" crypto scam to the classic pump and dump, watch out for these schemes.
https://money.usnews.com/investing/cryptocurrency/articles/top-crypto-scams-to-watch?source=patrick.net
From the "pig butchering" crypto scam to the classic pump and dump, watch out for these schemes.
https://money.usnews.com/investing/cryptocurrency/articles/top-crypto-scams-to-watch?source=patrick.net
1803
Onvacation
2022 Apr 12, 7:37am
Onvacation
2022 Apr 12, 7:37am
'Pig Butchering' Crypto Scam
At least some of the top crypto scams out there have colorful names. For victims of this cruel scam, however, the results are very serious.
This scam typically begins on online dating sites, where the scammer uses an attractive profile picture to lure in the "pig," then proceeds to "fatten up" the proverbial swine over a period of time via online messaging, with the victim steadily growing closer to and more trusting of the perpetrator.
The scammer eventually tells the victim about some huge gains they've made in cryptocurrency markets and gets their mark to follow along in some investments, which initially pay off handsomely on paper. Of course, the money is lost as soon as it's sent, with the scammer using phony sites to dupe their victim into sending greater and greater sums of money to this fake account.
Withdrawals prove impossible, and the "pig," now fattened up to the point of slaughter, is left in the wind. This type of scam is thought to have originated in China and is notable for its relatively long duration.
At least some of the top crypto scams out there have colorful names. For victims of this cruel scam, however, the results are very serious.
This scam typically begins on online dating sites, where the scammer uses an attractive profile picture to lure in the "pig," then proceeds to "fatten up" the proverbial swine over a period of time via online messaging, with the victim steadily growing closer to and more trusting of the perpetrator.
The scammer eventually tells the victim about some huge gains they've made in cryptocurrency markets and gets their mark to follow along in some investments, which initially pay off handsomely on paper. Of course, the money is lost as soon as it's sent, with the scammer using phony sites to dupe their victim into sending greater and greater sums of money to this fake account.
Withdrawals prove impossible, and the "pig," now fattened up to the point of slaughter, is left in the wind. This type of scam is thought to have originated in China and is notable for its relatively long duration.
1804
Onvacation
2022 Apr 18, 8:39am
Onvacation
2022 Apr 18, 8:39am
Pump and Dump' Scam
"Pump and dump" scams aren't unique to cryptocurrency, but without the regulation enjoyed by stocks traded on major U.S. exchanges, for instance, the Wild West of finance suffers with a good degree of fraud, including the pump-and-dump scam.
Such scams, which are also primed to occur in the stock market in penny stocks, are characterized by a small group of insiders who own a given asset – in this case, a digital currency. These thinly traded assets are then hyped up through publicity, whether it be through social media, word of mouth or other forms of promotion.
When the unknowing investing public rabidly buys up the cryptocurrency, which is often newly issued with little trading history, the insiders begin to sell, or dump, the shares at high prices, sparking a steep sell-off and profiting at the expense of the duped masses.
In one case from June 2021, some members of FaZe Clan, one of the world's most popular esports organizations, were involved in promoting a new cryptocurrency called Save the Kids, with a portion of proceeds promised to charity. It took mere days for the coin to plunge, and the members of FaZe involved with the launch were all either suspended or removed from the group, which distanced itself from their activity.
The team member who was dismissed tweeted that he had "no ill intent" in promoting the cryptocurrency, but some investors accused the group of taking part in a pump-and-dump.
"Pump and dump" scams aren't unique to cryptocurrency, but without the regulation enjoyed by stocks traded on major U.S. exchanges, for instance, the Wild West of finance suffers with a good degree of fraud, including the pump-and-dump scam.
Such scams, which are also primed to occur in the stock market in penny stocks, are characterized by a small group of insiders who own a given asset – in this case, a digital currency. These thinly traded assets are then hyped up through publicity, whether it be through social media, word of mouth or other forms of promotion.
When the unknowing investing public rabidly buys up the cryptocurrency, which is often newly issued with little trading history, the insiders begin to sell, or dump, the shares at high prices, sparking a steep sell-off and profiting at the expense of the duped masses.
In one case from June 2021, some members of FaZe Clan, one of the world's most popular esports organizations, were involved in promoting a new cryptocurrency called Save the Kids, with a portion of proceeds promised to charity. It took mere days for the coin to plunge, and the members of FaZe involved with the launch were all either suspended or removed from the group, which distanced itself from their activity.
The team member who was dismissed tweeted that he had "no ill intent" in promoting the cryptocurrency, but some investors accused the group of taking part in a pump-and-dump.
1805
Onvacation
2022 Apr 24, 9:07am
Onvacation
2022 Apr 24, 9:07am
Rug Pull' Scam
"One particular scam to avoid is 'rug pulls,'" says Vincent D'Agostino, head of cyber forensics and incident response at BlueVoyant. Rug pulls happen "when a cryptocurrency's promoters pump their new coin to get prices up before disappearing with the funds. Investors are left with a valueless token," D'Agostino says. "This especially happens with coins with zero fundamentals and no real future."
One key difference between a pump-and-dump scam and a rug-pull scam is that the latter often doesn't even allow the non-insider owners to sell, with the token coded in such a way as to allow only insiders to exit. There are several other ways insiders execute these scams, which are specific to cryptocurrency.
The rug-pull scam got a lot of attention in late 2021, when a newly debuted cryptocurrency known as Squid Game – named after the suddenly popular Netflix Inc. (ticker: NFLX) series about a game in which all contestants are killed except one, who emerges with riches – lived up to its name and disallowed selling.
SQUID, the ticker for the coin, began selling at one cent, then rocketed above $90, before immediately plunging back toward zero when the scammers "rugged" the masses.
"One particular scam to avoid is 'rug pulls,'" says Vincent D'Agostino, head of cyber forensics and incident response at BlueVoyant. Rug pulls happen "when a cryptocurrency's promoters pump their new coin to get prices up before disappearing with the funds. Investors are left with a valueless token," D'Agostino says. "This especially happens with coins with zero fundamentals and no real future."
One key difference between a pump-and-dump scam and a rug-pull scam is that the latter often doesn't even allow the non-insider owners to sell, with the token coded in such a way as to allow only insiders to exit. There are several other ways insiders execute these scams, which are specific to cryptocurrency.
The rug-pull scam got a lot of attention in late 2021, when a newly debuted cryptocurrency known as Squid Game – named after the suddenly popular Netflix Inc. (ticker: NFLX) series about a game in which all contestants are killed except one, who emerges with riches – lived up to its name and disallowed selling.
SQUID, the ticker for the coin, began selling at one cent, then rocketed above $90, before immediately plunging back toward zero when the scammers "rugged" the masses.
1806
Onvacation
2022 Apr 24, 9:09am
Onvacation
2022 Apr 24, 9:09am
D'Agostino says
The commonality in all of these scams is the inability for the speculators to recover any money when things go south and the necessity for a bigger fool to pay you in order to make any money.
Next: Airdrop Crypto Scam
. "This especially happens with coins with zero fundamentals and no real future."
The commonality in all of these scams is the inability for the speculators to recover any money when things go south and the necessity for a bigger fool to pay you in order to make any money.
Next: Airdrop Crypto Scam
1807
Onvacation
2022 Apr 29, 7:16am
Onvacation
2022 Apr 29, 7:16am
Airdrop Crypto Scam
Another scam, prominent in the decentralized finance, or DeFi, field, is related to something in crypto called an airdrop.
"More recently popular, nefarious actors have grabbed ahold of the popular trend of airdropping tokens, which is typically done to start and grow a grassroots community," says Alan Eschweiler, chief revenue officer at Stacked, a simplified crypto investing platform.
An airdrop literally drops tokens in your digital wallet as a reward for taking certain actions with a given platform or software.
The scam works like this: "An entity will airdrop you a token that appears to have value, and when you go to exchange that airdrop for another more well-known token, you give a protocol more permissions than you realize," Eschweiler explains. This "allows the hacker to access all of the assets in your wallet," he says.
The simplest way to avoid this scam? "Never give an unknown user permission to your decentralized wallets," Eschweiler says, "without understanding the abilities you are granting this person."
Another scam, prominent in the decentralized finance, or DeFi, field, is related to something in crypto called an airdrop.
"More recently popular, nefarious actors have grabbed ahold of the popular trend of airdropping tokens, which is typically done to start and grow a grassroots community," says Alan Eschweiler, chief revenue officer at Stacked, a simplified crypto investing platform.
An airdrop literally drops tokens in your digital wallet as a reward for taking certain actions with a given platform or software.
The scam works like this: "An entity will airdrop you a token that appears to have value, and when you go to exchange that airdrop for another more well-known token, you give a protocol more permissions than you realize," Eschweiler explains. This "allows the hacker to access all of the assets in your wallet," he says.
The simplest way to avoid this scam? "Never give an unknown user permission to your decentralized wallets," Eschweiler says, "without understanding the abilities you are granting this person."
1809
Onvacation
2022 May 1, 8:23am
Onvacation
2022 May 1, 8:23am
Bitcoin is a great investment!
If you don't mind the massive environmental impact and you think you can find a greater fool to pay you more than you paid for it.
If you don't mind the massive environmental impact and you think you can find a greater fool to pay you more than you paid for it.
1810
Onvacation
2022 May 4, 5:51am
Onvacation
2022 May 4, 5:51am
Bitcoin is not a commodity. It is not digital gold. It has no intrinsic value and little utility. It is like a pyramid scam in that you have to find a greater fool to cash out. Unlike a pyramid scheme all incoming money is consumed by the "miners". It's a scam.
Next: The crypto phishing scam.
Next: The crypto phishing scam.
1811
Onvacation
2022 May 8, 9:21am
Onvacation
2022 May 8, 9:21am
BTC at 34k, close to half of its all time high.
Buying opportunity?
Buying opportunity?
1813
Onvacation
2022 May 9, 6:31pm
Onvacation
2022 May 9, 6:31pm
Cash says
Now? Or should we wait for it to go under 30K per coin? 20K per coin? How low can it go?
I still believe it can go back up to 100K, but I don't gamble.
Nope! Not yet....
Now? Or should we wait for it to go under 30K per coin? 20K per coin? How low can it go?
I still believe it can go back up to 100K, but I don't gamble.
1814
Misc
2022 May 9, 8:46pm
There is no law that says crypto can't go negative value. Other assets, financial and otherwise, have done so in the recent past.
With as manipulated as crypto is, that remains a valid concern.
The exchanges are legally able to sell out a person's crypto holdings if the account falls under certain thresh holds. Therefore, if the crypto goes negative the exchange can sell out the holder at the negative price and claim they did it for fear the currency would go down even further.
With as manipulated as crypto is, that remains a valid concern.
The exchanges are legally able to sell out a person's crypto holdings if the account falls under certain thresh holds. Therefore, if the crypto goes negative the exchange can sell out the holder at the negative price and claim they did it for fear the currency would go down even further.
1815
Cash
2022 May 10, 8:54am
Onvacation says
Until the USD hits some sort of critical mass which it has not, most all things likely including oil will stay sideways and perhaps go lower. I have crypto I am looking for 1st buys or adding to my stacks but BTC isn't included although I may have to buy some ETH to purchase some of the other coins I am after. BTW my next tgt of interest in USD is DXY 105.500 so just to be clear as long as USD raging higher I'm not looking to buy much of anything.
Now? Or should we wait for it to go under 30K per coin? 20K per coin? How low can it go?Im not a BTC guy so am not looking to buy any nor am I a ETH guy but will give my 2cents when I think some test buying might be considered. BTC could go all the way back down to 14k+/- or not, the price I mentioned to buy before the big 400% run up when I did own a few BTC and sold near the top of that run, I did disclose when I went flat BTC as well ;).
Until the USD hits some sort of critical mass which it has not, most all things likely including oil will stay sideways and perhaps go lower. I have crypto I am looking for 1st buys or adding to my stacks but BTC isn't included although I may have to buy some ETH to purchase some of the other coins I am after. BTW my next tgt of interest in USD is DXY 105.500 so just to be clear as long as USD raging higher I'm not looking to buy much of anything.
1816
Cash
2022 May 10, 8:59am
l also stated some of my "expectations" in this posting > a month ago.
https://patrick.net/post/1344030?120#comment-1831934
https://patrick.net/post/1344030?120#comment-1831934
1817
clambo
2022 May 10, 5:23pm
My friend married a guy who makes good money in a hospital. He's not an MD but evidently is highly paid.
My friend doesn't wear jewelry so no engagement ring, but he brought her a couple of 2 karat diamond earrings.
Just recently he got her a Rolex. She doesn't wear watches and had it on upside down.
He likes Bitcoin and wants the new wife to buy it too.
Her mother is scared. I told her to make sure her daughter doesn't do what the guy tells her to with her money.
He owns a BMW to commute and a bought a new Jeep Gladiator for the weekends.
He also has 8 motorcycles in his home town, one is with him in Florida.
Let's see what happens next.
My friend doesn't wear jewelry so no engagement ring, but he brought her a couple of 2 karat diamond earrings.
Just recently he got her a Rolex. She doesn't wear watches and had it on upside down.
He likes Bitcoin and wants the new wife to buy it too.
Her mother is scared. I told her to make sure her daughter doesn't do what the guy tells her to with her money.
He owns a BMW to commute and a bought a new Jeep Gladiator for the weekends.
He also has 8 motorcycles in his home town, one is with him in Florida.
Let's see what happens next.
1818
Robber Baron Elite Scum
2022 May 10, 7:23pm
Robber Baron Elite Scum
2022 May 10, 7:23pm
Onvacation says
Lol
Of course it is a Ponzi scheme.
Bitcoin like all other crypt currencies are completely unregulated by any third party whatsoever independent from them.
What that does is invite and incentivize financial criminal activity.
not just theft but also money laundering and tax evasion.
The best way to loot is not to own a bank but to own a crypto currency printing operation.
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?source=patrick.net
Lol
Of course it is a Ponzi scheme.
Bitcoin like all other crypt currencies are completely unregulated by any third party whatsoever independent from them.
What that does is invite and incentivize financial criminal activity.
not just theft but also money laundering and tax evasion.
The best way to loot is not to own a bank but to own a crypto currency printing operation.
1819
Maga_Chaos_Monkey
2022 May 10, 9:55pm
Maga_Chaos_Monkey
2022 May 10, 9:55pm
Robber Baron Elite Scum says
By far more money is laundered in dollars. It's not even close. Not even in the same galaxy and after prior moronic (or more likely calculated) comments our own government admits it nowadays.
not just theft but also money laundering
By far more money is laundered in dollars. It's not even close. Not even in the same galaxy and after prior moronic (or more likely calculated) comments our own government admits it nowadays.
1820
Cash
2022 May 11, 8:33am
I believe more pain is coming to "all" the markets that have been dumping compliments of USD strength
BTC 25650+/- is the mean/golden ratio price off the high so all the drama is for not. The thing I love about this crash in all markets,
is leverage is getting stomped to dust, I am still way in crypto profit and look forward to piling up more giant gains with my gambles
when BUY time strikes.
The percentage of Bitcoin addresses in-profit has dropped to a 2-year low of 60.4%, looks like not so many bought at 69k
The top 100 Bitcoin wallets have added 77,618 BTC ($2,420,000,000) in the past 24 hours."Buy when blood is in the streets
even if it's your own." I haven't started buying yet due to that pesky USD Strength but look forward to stacking up some great
tokens.
BTC 25650+/- is the mean/golden ratio price off the high so all the drama is for not. The thing I love about this crash in all markets,
is leverage is getting stomped to dust, I am still way in crypto profit and look forward to piling up more giant gains with my gambles
when BUY time strikes.
The percentage of Bitcoin addresses in-profit has dropped to a 2-year low of 60.4%, looks like not so many bought at 69k
The top 100 Bitcoin wallets have added 77,618 BTC ($2,420,000,000) in the past 24 hours."Buy when blood is in the streets
even if it's your own." I haven't started buying yet due to that pesky USD Strength but look forward to stacking up some great
tokens.
1821
WookieMan
2022 May 12, 1:44pm
WookieMan
2022 May 12, 1:44pm
DooDahMan says
Lol... totally embarrassing for any crypto boi. My friend coded the JP Morgan investment site. This is bad for anyone in crypto. If you cannot trade and get USD out of it, it literally is worthless. In an overall market crash, crypto will go to shit. We'll see if it stays there. At some point enough people will have been burned enough and move on after the illogical roller coaster ride.
Maybe start a business and do something productive for society? That would be my tip instead of pissing money away on a gamble.
Shortly afterward, the company indicated the situation might be resolving: “We’re seeing recovery after implementing a fix, but our teams are continuing to monitor the situation.”
Lol... totally embarrassing for any crypto boi. My friend coded the JP Morgan investment site. This is bad for anyone in crypto. If you cannot trade and get USD out of it, it literally is worthless. In an overall market crash, crypto will go to shit. We'll see if it stays there. At some point enough people will have been burned enough and move on after the illogical roller coaster ride.
Maybe start a business and do something productive for society? That would be my tip instead of pissing money away on a gamble.
1822
WookieMan
2022 May 12, 1:54pm
WookieMan
2022 May 12, 1:54pm
DooDahMan says
There are innovators in America still. Not a fan boi of Musk, but we have an individual company putting more shit in space than any other country combined.
I do get the feeling we're nearing peak prosperity over the next 2 decades though. The decline might be tough, but we're in the best position to come out ahead. Too many resources. We have to bring manufacturing back sooner than later. We could easily be autonomous from the rest of the globe besides needing good relations with Mexico and Canada. Which would happen anyway.
What a novel idea - other countries seem to be doing that very thing but we are days late and dollars short to the party again.
There are innovators in America still. Not a fan boi of Musk, but we have an individual company putting more shit in space than any other country combined.
I do get the feeling we're nearing peak prosperity over the next 2 decades though. The decline might be tough, but we're in the best position to come out ahead. Too many resources. We have to bring manufacturing back sooner than later. We could easily be autonomous from the rest of the globe besides needing good relations with Mexico and Canada. Which would happen anyway.
1823
komputodo
2022 May 12, 2:34pm
komputodo
2022 May 12, 2:34pm
Onvacation says
yeah....go all in....I'll cheer for you
BTC at 34k, close to half of its all time high.
Buying opportunity?
yeah....go all in....I'll cheer for you
1824
Onvacation
2022 May 12, 2:42pm
Onvacation
2022 May 12, 2:42pm
Wow! Who'd have thought Bitcoin would go down to mid 20k?
Buying opportunity yet?
Buying opportunity yet?
1825
Onvacation
2022 May 12, 2:47pm
Onvacation
2022 May 12, 2:47pm
komputodo says
I'll buy a hundred coins when the price goes below one dollar.
Onvacation says
BTC at 34k, close to half of its all time high.
Buying opportunity?
yeah....go all in....I'll cheer for you
I'll buy a hundred coins when the price goes below one dollar.
1826
Onvacation
2022 May 12, 2:49pm
Onvacation
2022 May 12, 2:49pm
I once worked for a company on its way to bankruptcy. A colleague purchased a thousand shares for less than $20. He lost it ALL!
1827
Eric Holder
2022 May 12, 3:20pm
Eric Holder
2022 May 12, 3:20pm
Onvacation says
BACK UP THE TRUCK!!!
Wow! Who'd have thought Bitcoin would go down to mid 20k?
Buying opportunity yet?
BACK UP THE TRUCK!!!
1828
Onvacation
2022 May 12, 5:19pm
Onvacation
2022 May 12, 5:19pm
BTC Mining Hosting - Look At Mining Hosting Pricing
Miner Hosting Solutions for the Lowest Price in the USA. Get in Touch! We offer the most Profitable & Effective Mining Hosting. Contact Us!
Miner Hosting Solutions for the Lowest Price in the USA. Get in Touch! We offer the most Profitable & Effective Mining Hosting. Contact Us!
1830
Onvacation
2022 May 12, 5:28pm
Onvacation
2022 May 12, 5:28pm
Anyone want to be a Bitcoin miner? You can do it from home!
But seriously, is the scam over? Does the crash in prices come at the realization that there is no there there?
Are there enough fools to pour more money into the massive energy suck that crypto is to bring the prices back up? I'm not betting against it. But I'm not betting on it either.
Bitcoin is just a gamble that someone will pay you more than you paid for it.
But seriously, is the scam over? Does the crash in prices come at the realization that there is no there there?
Are there enough fools to pour more money into the massive energy suck that crypto is to bring the prices back up? I'm not betting against it. But I'm not betting on it either.
Bitcoin is just a gamble that someone will pay you more than you paid for it.
« First « Previous Comments 1,791 - 1,830 of 2,177 Next » Last » Search these comments
https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value