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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22971. (Read 26709752 times)

full member
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sr. member
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it would be a fun exercise...but your reglementations are just stupid...

>reglementations
Better not mess with razorramon, he been 2 finishin' school...
hero member
Activity: 910
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while MyCoin claimed to have 3,000 (!!!) customers (each of them investing an average of one million dollars) (a Legislative Council) had received more than 15 complaints (!!!) from MyCoin clients regarding the allegations and that these would be passed on to the police on Wednesday.

How come there's only over 15 complaints, where 3000 customers were scammed for one million each, on average?

The reports I have read say 30 people went to talk to a local councillor (politician); not the police or the courts, because, according to the paper, they thought that the police would not take up their case given that they had no proof of their investment.  If that is correct, there are quite likely more than 30 victims.  3000 victims is not at all unlikely for a ponzi scheme in a fairly wealthy city of 7 million.  (Here we recently had an MLM scheme which scammed tens of millions of victims.)

The estimated average amount per victim is 1 milllion Hong Kong dollars (HKD, HK$) which is about 128'000 US dollars.  Since each cloud mining contract was 52'000 USD, and the newspaper names a couple of victims who bought multiple (up to eight) contracts, that amount does not seem excessive at all. 
legendary
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-By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's. (c)Krugman.

Since I haven't been called a retard enough...


omg
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it would be a fun exercise...but your reglementations are just stupid...
what would be different without a car? people would use other vehicles...so what's your point?
things change...get used to it

but i give you 1 point...without the internet i wouldnt have to deal with you
legendary
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Marketing manager - GO MP
I think it´s time to demand a pay increase from J.P. Morgan for every post. Else i won´t keep this qualitative high frequency postin up.

-fonzie is evil. (c)JPMorgan
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I think it´s time to demand a pay increase from J.P. Morgan for every post. Else i won´t keep this qualitative high frequency postin up.
hero member
Activity: 910
Merit: 1003
-By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's. (c)Krugman.

Since I haven't been called a retard enough recently, let me suggest this experiment:   Grin

Get your tablet or smartphone, or some old-fashioned pencil and paper

Take a 1 hour walk around your neighborhood

Make two lists, with everything material that you see that is there, is not there, or is different than would have been otherwise, because of (a) the internet, (b) the fax machine.

(By "material" I mean objects -- not merely the text or pictures on store signs, windows, billlboards, computer screens, etc..  For example, you may notice that, because of the internet, the newspaper kiosk or vending machines at the street corner have disappeared: that counts.  You will see URLs or QR codes on signs, instead of telephone numbers: that does not count.  You may see the building of some internet venture that employs dozens of people and is making piles of money: that does not count, because, without the internet, there would probably have been a building of some other company there, employing dozens of people and making piles of money with some other business, computer-related or not.)

If you are too lazy to take the walk, do the same inside your home or place of work. (But actually get up and walk, do not just sit there and make a mental walk, you bum!)

If you are too lazy even for that, think of all the people you know, and note which ones have had their lives substantially changed because of the internet. (If the guy would be sitting on a desk 9 to 5 anyway, pushing numbers and writing reports,it does not matter whether he uses the internet or not.)

If you are too lazy even for that, at least note the following: what you see on your computer screen, on TV, on newspapers and magazines, is not the world, it is just images of the world.  Just because the images have changed, it does not mean that the world has.

Quote
-Bitcoin is evil. (c)Krugman.

After you have done your homework above, there will be a quiz on this subject too.   Grin
sr. member
Activity: 378
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...
How come there's only over 15 complaints, where 3000 customers were scammed for one million each, on average?

For the same reason you never told on school  meanies who took your lunch money--fear, hope that you might get some of it back if you just do what they say, embarrassment Undecided
sr. member
Activity: 378
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so? someone offered to generate money by magically spinning your funds around and it turned out to be a... omg... a scam? goddamn jesus, what world do we live in!

again, so what?

Tighter regulations(total bans) for bitcoin exchanges in China(Hongkong) most likely to be established soon. Byebye Bitfinex, Huobi and whatelse.

Hopefully then you will **** off to another forum

Good morning Gentlemen!
So it turns out your clever investment ain't nothin but good old Magic BTCeans repackaged with a bit of sciency sauce?
Y'all gentlemen knew that already, why shoot the messenger of such stale old news?

@fonzie:

hero member
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Leung Yiu-chung said his office recently received reports from dozens of investors in Hong Kong who paid a total of HK$40 million ($5.16 million) into the scheme run online by MyCoin, but the total loss may be vastly more.

"The number of cases is increasing. These two days I received calls about more than 30 cases. We estimate more than 3,000 people and HK$3 billion are involved," he told AFP.



https://finance.yahoo.com/news/alleged-bitcoin-scam-leaves-millions-missing-132209213.html
sr. member
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[...], amid local media reports that a Bitcoin exchange may have run off with $387 million in client funds in what could be the biggest Bitcoin scandal [...]
http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=2

So, this pretty much seems to be a story on what may c.q. can be.

Add to this that while MyCoin claimed to have 3,000 (!!!) customers (each of them investing an average of one million dollars) had received more than 15 complaints (!!!) from MyCoin clients regarding the allegations and that these would be passed on to the police on Wednesday.

How come there's only over 15 complaints, where 3000 customers were scammed for one million each, on average?

hey, no rational thinking in here, you're only allowed to spread lies and FUD like Fonzie. A scam claims to have 3k customers, it must be true!!! They wouldn't lie just to suck more people in right?? 
legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
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It is acceptable. What we don't want, is someone throwing his mouse so hard into his screen that it converts to digital energy, travels over the net to the other party, materializes, and hits the other guy in the eye. That's violence, we can't have that!

we have to wait until virtual reality takes off...
sr. member
Activity: 358
Merit: 250
you don't see any FUD in what you write? lol that's the funniest thing i've heard in ages.

don't let the part where you completely ignore facts and truths stand in the way right?

you seem to have a go at inca, yet you completely ignore the part about you getting your friends to invest $50k when the price was much higher and how bullish you were.

You seem to have a very short term selective memory, might want to get that checked out.
newbie
Activity: 22
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[...], amid local media reports that a Bitcoin exchange may have run off with $387 million in client funds in what could be the biggest Bitcoin scandal [...]
http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=2

So, this pretty much seems to be a story on what may c.q. can be.

Add to this that while MyCoin claimed to have 3,000 (!!!) customers (each of them investing an average of one million dollars) (a Legislative Council) had received more than 15 complaints (!!!) from MyCoin clients regarding the allegations and that these would be passed on to the police on Wednesday.

How come there's only over 15 complaints, where 3000 customers were scammed for one million each, on average?
hero member
Activity: 504
Merit: 500
Moderator
fonzie, oh yeah that guy who was proudly bullish a while ago and saying how he even got his friends to invest $50k into bitcoin when the prices were much higher. Did you act like a beartard when telling your friends to invest $50k Fonzie?

And now you keep posting about a FIAT ponzi over and over trying to make out like it was actually something to do with Bitcoin when the reality is that they just used Bitcoin as a cover for their lies.

maybe hard for you to understand but here's the simple truth.

FIAT went in >>>> FIAT got stolen

can't really make it any simpler for you to understand.

But obviously truth and facts wont get in the way of the endless desperate bear fud

carry on.

It seems like the Hongkong central bank also thinks that it has something to do with Bitcoin
I just posted the news, as i told 2 days ago that the PBOC or the government will probably tighten regulations.
I don´t see any FUD or lies here, just a lot of angry bulltards in denial.

http://www.nytimes.com/2015/02/11/business/international/hong-kong-issues-warning-about-bitcoin.html?_r=2

Edit: Maybe the mails that i sent to the PBOC with my concerns about chinese exchanges helped?
legendary
Activity: 1372
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@lfc
Please reply to  trolls without reposting their fud

Sounds like a plan. You should just put them on an ignore.
hero member
Activity: 504
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Moderator

so? someone offered to generate money by magically spinning your funds around and it turned out to be a... omg... a scam? goddamn jesus, what world do we live in!

again, so what?

Tighter regulations(total bans) for bitcoin exchanges in China(Hongkong) most likely to be established soon. Byebye Bitfinex, Huobi and whatelse.

Remind us which exchange you shorted from Fonzie?  Grin


I already answered inca that question a few days ago, i´ll simply repost it :-)




How's the short going?



I stopped trading Bitcoin due to the possibility that the blockchain could collapse if the price falls below 50$, which would probably be the price where all miners shut down.
Most of the fractional reserves exchanges will also run away with the little money that´s left, when the bankrun starts after the upcoming crash.
I expect Bitfinex to collapse completly@ around 100$, as most of their buy orders are generated with BTC as collateral which will in end a death spiral if we go low enough.

Inca please have a heart and stop luring more people into the BTC scam. BTC already produced countless broken souls. Stop telling them lies about upcoming bull markets and >500$ coins. You already took away enough money from the newbies.  Don´t be greedy! Thanks in advance!





Best wishes and greetings

Your friend

fonzie
legendary
Activity: 1512
Merit: 1005
so? someone offered to generate money by magically spinning your funds around and it turned out to be a... omg... a scam? goddamn jesus, what world do we live in!

again, so what?

Tighter regulations(total bans) for bitcoin exchanges in China(Hongkong) most likely to be established soon. Byebye Bitfinex, Huobi and whatelse.

Hopefully then you will **** off to another forum

So much hate in here  Undecided

It is acceptable. What we don't want, is someone throwing his mouse so hard into his screen that it converts to digital energy, travels over the net to the other party, materializes, and hits the other guy in the eye. That's violence, we can't have that!

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