Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22990.

fonzie

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Quote from: manfred on February 08, 2015, 12:36:56 PM

Quote from: fonzie on February 08, 2015, 12:33:20 PM

The PBOC was real patient with Bitcoiners in the last months. But after this last event where honest chinese got scammed for millions by mycoin.hk i guess they won´t have any other chance than totally banning Bitcoin . I will send them an e-mail with my conerns about an eventually upcoming riot in the street by chinese people who got bitscammed, just to make sure that they are prepared. This madness has to stop.
If you have knowledge about other events where chinamen got scammed by Bitcoin feel free to write them: [email protected]

yeh the 30 victims of the imaginary scam gona riot Roll Eyes

From a little spark bursts a mighty flame!

DefendKebab

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Hassan Al-Kebab

Quote from: fonzie on February 08, 2015, 12:33:20 PM

The PBOC was real patient with Bitcoiners in the last months. But after this last event where honest chinese got scammed for millions by mycoin.hk i guess they won´t have any other chance than totally banning Bitcoin . I will send them an e-mail with my conerns about an eventually upcoming riot in the street by chinese people who got bitscammed, just to make sure that they are prepared. This madness has to stop.
If you have knowledge about other events where chinamen got scammed by Bitcoin feel free to write them: [email protected]

This will probably lead to more government regulation.

fonzie

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Activity: 504

Merit: 500

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Quote from: manfred on February 08, 2015, 12:35:23 PM

Quote from: NotLambchop on February 08, 2015, 12:13:39 PM

Quote from: PoS on February 08, 2015, 12:08:17 PM

Quote from: NotLambchop on February 08, 2015, 11:55:15 AM

Quote from: manfred on February 08, 2015, 11:46:43 AM

...
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed

You're right, I feel much safer trading on exchanges like BTC-e, ~~registered in Bulgaria~~ not registered anywhere.
Not knowing the names of the principals also placates some of my concerns, because anonymity is paramount!

BTC-e is european union registred (cyprus)

I also heard Russia (their Russian is fluent), Ukraine & just about everywhere else. Do you happen to know names of the players involved? You know, like founder, CEO, CTO?

The owners are russian citizen, (not nationals) the exchange is registred in Cyprus and England and the servers sit in Bulgaria.
Yes the names are known.

"Its founders and owners are supposedly called Aleksey and Alexander, which could be pseudonymous...."

http://invezz.com/analysis/forex/147-btc-e-anonymity-reigns-at-worlds-second-largest-bitcoin-exchange

manfred

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Energy is Wealth

Quote from: fonzie on February 08, 2015, 12:33:20 PM

The PBOC was real patient with Bitcoiners in the last months. But after this last event where honest chinese got scammed for millions by mycoin.hk i guess they won´t have any other chance than totally banning Bitcoin . I will send them an e-mail with my conerns about an eventually upcoming riot in the street by chinese people who got bitscammed, just to make sure that they are prepared. This madness has to stop.
If you have knowledge about other events where chinamen got scammed by Bitcoin feel free to write them: [email protected]

yeh the 30 victims of the imaginary scam gona riot Roll Eyes

manfred

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Activity: 966

Merit: 1001

Energy is Wealth

Quote from: NotLambchop on February 08, 2015, 12:13:39 PM

Quote from: PoS on February 08, 2015, 12:08:17 PM

Quote from: NotLambchop on February 08, 2015, 11:55:15 AM

Quote from: manfred on February 08, 2015, 11:46:43 AM

...
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed

You're right, I feel much safer trading on exchanges like BTC-e, ~~registered in Bulgaria~~ not registered anywhere.
Not knowing the names of the principals also placates some of my concerns, because anonymity is paramount!

BTC-e is european union registred (cyprus)

I also heard Russia (their Russian is fluent), Ukraine & just about everywhere else. Do you happen to know names of the players involved? You know, like founder, CEO, CTO?

The owners are russian citizen, (not nationals) the exchange is registred in Cyprus and England and the servers sit in Bulgaria.
Yes the names are known.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

The PBOC was real patient with Bitcoiners in the last months. But after this last event where honest chinese got scammed for millions by mycoin.hk i guess they won´t have any other chance than totally banning Bitcoin . I will send them an e-mail with my conerns about an eventually upcoming riot in the street by chinese people who got bitscammed, just to make sure that they are prepared. This madness has to stop.
If you have knowledge about other events where chinamen got scammed by Bitcoin feel free to write them: [email protected]

nioc

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Quote from: Sitarow on February 08, 2015, 11:51:24 AM

https://www.youtube.com/watch?v=LtZmr6zZCcs&feature=share

I used to be able to do the same thing in the US, deposit money in a bank account and get btc.

And he reuses the same address Huh

gentlemand

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Welt Am Draht

Quote from: octaft on February 08, 2015, 12:20:40 PM

Quote from: fonsie on February 08, 2015, 12:13:43 PM

Quote from: octaft on February 08, 2015, 11:49:36 AM

Quote from: fonsie on February 08, 2015, 07:42:01 AM

Quote from: octaft on February 08, 2015, 05:52:28 AM

Who pays to have a credit card?

The world is bigger than your hometown. I have to pay an annual fee just to have one.

Well some people here only get offers involving annual fees, but it's always because of godawful credit.

I have 0$ debt, so that's not the reason.

It's not because you can get it for free, that it means the entire world has it for free also. Besides were I live it's a bit of a useless thing to have a creditcard, only if you buy stuff regularly online and want to have it delivered the next day. In regular shops you can use a debitcard and cash.

Zero debt does not necessarily mean good credit. If you have no debt, it could mean you've never put yourself in a position to have debt, which means you've never proven that you'd be responsible about paying it off.

But let's give you the benefit of the doubt: you have good credit, but get dicked by CC companies into paying a fee simply because of where you live. All the arguments about credit cards being easier to use than bitcoin for smaller purchases can easily be applied to debit cards.

Being up to one's tits in personal debt is par for the course in certain countries, a huge no no in others.

Britain pretty much wouldn't function without it. Try living the same way in France and they simply would not permit it.

yefi

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Quote from: fonsie on February 08, 2015, 12:13:43 PM

I have 0$ debt, so that's not the reason.

It's not because you can get it for free, that it means the entire world has it for free also. Besides were I live it's a bit of a useless thing to have a creditcard, only if you buy stuff regularly online and want to have it delivered the next day. In regular shops you can use a debitcard and cash.

Ok, wild stab: Barrow, Alaska.

octaft

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Activity: 476

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Quote from: fonsie on February 08, 2015, 12:13:43 PM

Quote from: octaft on February 08, 2015, 11:49:36 AM

Quote from: fonsie on February 08, 2015, 07:42:01 AM

Quote from: octaft on February 08, 2015, 05:52:28 AM

Who pays to have a credit card?

The world is bigger than your hometown. I have to pay an annual fee just to have one.

Well some people here only get offers involving annual fees, but it's always because of godawful credit.

I have 0$ debt, so that's not the reason.

It's not because you can get it for free, that it means the entire world has it for free also. Besides were I live it's a bit of a useless thing to have a creditcard, only if you buy stuff regularly online and want to have it delivered the next day. In regular shops you can use a debitcard and cash.

Zero debt does not necessarily mean good credit. If you have no debt, it could mean you've never put yourself in a position to have debt, which means you've never proven that you'd be responsible about paying it off.

But let's give you the benefit of the doubt: you have good credit, but get dicked by CC companies into paying a fee simply because of where you live. All the arguments about credit cards being easier to use than bitcoin for smaller purchases can easily be applied to debit cards.

Sitarow

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Quote from: ?? on ??

Quote from: Sitarow on February 08, 2015, 11:41:18 AM

11:41AM EST

Hello Sitarow, i really appreciate your work posting chart data, but some images are about half mega and draining fast my mobile internet plan (500Mb) , also, they are pretty big and difficult to read on a phone like the S4.

Is there any way you can make them smaller or hide under some spoiler tag? Thanks a lot

I will see what I can do

Does this work? It should be a huge reduction on size.

fonsie

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Activity: 434

Merit: 250

Quote from: octaft on February 08, 2015, 11:49:36 AM

Quote from: fonsie on February 08, 2015, 07:42:01 AM

Quote from: octaft on February 08, 2015, 05:52:28 AM

Who pays to have a credit card?

The world is bigger than your hometown. I have to pay an annual fee just to have one.

Well some people here only get offers involving annual fees, but it's always because of godawful credit.

I have 0$ debt, so that's not the reason.

It's not because you can get it for free, that it means the entire world has it for free also. Besides were I live it's a bit of a useless thing to have a creditcard, only if you buy stuff regularly online and want to have it delivered the next day. In regular shops you can use a debitcard and cash.

NotLambchop

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Activity: 378

Merit: 254

Quote from: PoS on February 08, 2015, 12:08:17 PM

Quote from: NotLambchop on February 08, 2015, 11:55:15 AM

Quote from: manfred on February 08, 2015, 11:46:43 AM

...
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed

You're right, I feel much safer trading on exchanges like BTC-e, ~~registered in Bulgaria~~ not registered anywhere.
Not knowing the names of the principals also placates some of my concerns, because anonymity is paramount!

BTC-e is european union registred (cyprus)

I also heard Russia (their Russian is fluent), Ukraine & just about everywhere else. Do you happen to know names of the players involved? You know, like founder, CEO, CTO?

bambou

sr. member

Activity: 346

Merit: 250

Quote from: PoS on February 08, 2015, 12:08:17 PM

Quote from: NotLambchop on February 08, 2015, 11:55:15 AM

Quote from: manfred on February 08, 2015, 11:46:43 AM

...
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed

You're right, I feel much safer trading on exchanges like BTC-e, ~~registered in Bulgaria~~ not registered anywhere.
Not knowing the names of the principals also placates some of my concerns, because anonymity is paramount!

BTC-e is european union registred (cyprus)

lol wut?

PoS

full member

Activity: 223

Merit: 101

If you can be anything, be kind and fair

Quote from: NotLambchop on February 08, 2015, 11:55:15 AM

Quote from: manfred on February 08, 2015, 11:46:43 AM

...
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed

You're right, I feel much safer trading on exchanges like BTC-e, ~~registered in Bulgaria~~ not registered anywhere.
Not knowing the names of the principals also placates some of my concerns, because anonymity is paramount!

BTC-e is european union registred (cyprus)

Dump3er

hero member

Activity: 1526

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Quote from: dakota neat on February 08, 2015, 11:45:07 AM

bears getting angry, lol. they can't even manage to lower the price five bucks on sunday noon.

I love to store such comments.

Stored.

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: ?? on ??

Quote from: Sitarow on February 08, 2015, 11:41:18 AM

11:41AM EST

Hello Sitarow, i really appreciate your work posting chart data, but some images are about half mega and draining fast my mobile internet plan (500Mb) , also, they are pretty big and difficult to read on a phone like the S4.

Is there any way you can make them smaller or hide under some spoiler tag? Thanks a lot

I will see what I can do

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

jl2012

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Merit: 1111

Quote from: JorgeStolfi on February 08, 2015, 11:31:48 AM

Quote from: NotHatinJustTrollin on February 08, 2015, 11:22:41 AM

Quote from: JorgeStolfi on February 08, 2015, 11:13:04 AM

Google translation:

Quote

WASHINGTON virtual currency Bitcoin (Bitcoin) once touted, Hong Kong discovered bust incident involving three billion yuan. Legislative Councillor Leung Yiu-chung received nearly ten investors in Bitcoin for help, said the suspect was a bit currency trading scams and storage platform, the largest loss of over $ 10 million estimate amounted to 30 the number of people affected, involving an amount or up to three billion yuan, victims today collective police. […]

EDIT: See also the reddit thread. One comment in there claims that the report is incorrect.

Never heard of that site, 500 million USD? what? How is that even possible for an unknown site like that to have so many funds?

The math does not seem right. If I understood the translation correctly, 30 victims sought the police and some losses (the largest ones?) were 10 million yuan. That would be 300 million yuan, not 3 billion.

Perhaps the reporter goofed?

Perhaps they extrapolated to 300 clients?

Number digits in China and Japan are traditionally grouped by fours rather than by threes, so that "2 million" is written "200 万" where 万 means "ten thousand". Perhaps that is the source of confusion, either by the reporter or by Google Transalte?

EDIT: forget it, see the post by @jl2012 above

The land area of Hong Kong is just about the same as the New York City. If there were 3000 people here all losing 1 million HKD (129000 USD), I would literally expect blood on street.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: manfred on February 08, 2015, 11:46:43 AM

...
Moral of the story to not do business with a Hong Kong registred Bitcoin enterprice.
In the past several Hong Kong exchanges have run away with costomer funds (GBL, 796, mycoin, ANX.....), basicaly anyone dealing with a hong kong registered exchange deserves to get goxed

You're right, I feel much safer trading on exchanges like BTC-e, ~~registered in Bulgaria~~ not registered anywhere.
Not knowing the names of the principals also placates some of my concerns, because anonymity is paramount!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22990. (Read 26708741 times)