Cryptocurrency - any of you guys into it?
beppi wrote:Fred wrote:I have never been convicted of any crime involving sheep
You must have powerful and well-connected sheep protecting you.
I believe "sheep", in cases like this, are the set of utter fools that get dragged in with thoughts of how much cash is there for the taking. However, all they find is a slaughterhouse.
One poster has informed us Bitcoin went from being worth nothing to megabucks, but he neglected to mention the massive up and down swings on the way.
Now, and this is a guess, I'm willing to bet the market manipulators dumped all their holdings just before every crash, bought again when prices hit bottom, then re-inflated the price.
Fortunes are to be made with bitcoin, sometimes from blind luck, others from best guess, but the biggest by people even estate agents and lawyers think are unscrupulous gits.
While there are a thousand or so to choose from, many are what we refer to as 鈥渟h*tcoins鈥, having no real value or novel concept behind them.
Read up on a few coins - crypto and stablecoins - and the ideas behind them, and use your judgment as part of the basis in deciding whether it鈥檚 worth an investment.
Dogecoin dropped 40 percent in value to $0.42 during SNL before recovering most of the loss in Sunday trading.
Also on Sunday, Musk's Texas-based Space X announced a project called "DOGE-1 Mission to the Moon."聽 A Space X sales executive said Sunday that the mission will "set the foundation for interplanetary commerce."
Space X will accept the meme-inspired cryptocurrency as payment for the venture.
Source... CNBC
The company said it would accept the crypto from customers in the future.
Source... NPR, posted Feb. 8, 2021
TECH
Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors鈥 funds with him
beppi wrote:Fred wrote:I have never been convicted of any crime involving sheep
You must have powerful and well-connected sheep protecting you.
Way closer than you could possibly know聽 
Shares of companies invested in bitcoin also saw their market prices drop.
Musk says bitcoin mining is taking too much of a toll on the environment.
Tesla is holding onto its bitcoin holdings.聽 However, its customers are no longer welcome to buy Tesla cars using the cryptocurrency.
More details at New York Magazine...
The title of the article is "Bitcoin Price Dives After Musk Says Tesla No Longer Accepts It."
cccmedia
I'm amazed people believe that sort of rubbish, but they do,
1.聽 Crypto will eventually emerge as an alterative currency.聽 Between now and then there is great opportunity for trading.聽 聽Many Cryptos will ball to the wayside.聽 DOGE is a questionable investment if one investigates.聽
2.聽 Crypto will not be universally accepted till there is price stabilization.聽 Again, volatility is the profit opportunity.聽
3.聽 What do you think the Miners do with the cash they receive for the Crypto?聽 聽They take cash.聽 They have buckets of cash and what do they do with the cash????聽 Think about it.聽 Do they take the cash and reinvest in Crypto or do they buy cars and estates, boats and women?聽 聽Really think about this!!!聽 聽Who is the sucker and who is the suckee?
4.聽 To properly trade these volatile cryptos one must be uniquely aware of Fibonacci and Elliot theories as well as other retracement and volatility measures. One must have a bank of on line capabilities and traders to monitor second by second candles wicks and bids/offers!
5. In todays world Crypto is not a legitimate currency---Yes I suspect聽 it will be in 15 years or so.聽 聽Today the way to make money in Crypto is betting on up or down and trading it like a commodity or a soccer game.聽
5.聽 We have a fund that manages the crypto offerings.聽 We manage for clients.聽 We receive 25% of new high profits.聽 聽The minimum is E1000 and one can invest effective the first of each month and withdraw at the end of the month plus ten days with 15 days notice.聽 They invest and receive Euros.
6.聽 We offer a separate account for a minimum of E100,000
7.聽 If you want to make money then invest with a Registered SEC Advisor and let them do the research to avoid the scams.聽
By the way, none of us in our firm live a lavish life style like 10 Ferrari's, 10 Rolls Royce's etc.聽 We take our profits and reinvest in diversified securities and only聽 have 10% of our investments in Crypto.聽 When you see ads of super cars and lavish lifestyles it might be a scam.聽 聽Real inventors do not spend on splash.
Reason : please do not post your personal contact details on the forum for your own security
More so when they have tens of domain names and try to get strangers to contact them a lot, even after several warnings.
and provides an exposition of the pitfalls of crypto investing.
The article is titled:聽 As Cryptocurrency Goes Wild,
聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽 聽Fear Grows About Who May Get Hurt.
Type the first four words of the title into the search box at
to access the article.
Bitcoin, the most valuable crypto, is down 40 percent from its April high.
A news report in The Washington Post says the sell-off shows "the staggering volatility" in cryptos .. and how investor portfolios heavy in cryptos can be decimated in a matter of days or hours.
The report says various governments have been increasing their scrutiny of cryptos.
Source...
In 2000 is saying process was repeated
Ads were running on the TV with beauty salon workers giving tips on which stocks to buy in the technology field
Warren Buffett said this is a clear sign that the market peak is here and it is not a time to buyThe market went down some 70% in technology stocks
Our company shorted the market in December 19 99 and we made a small fortune.聽
In the last two weeks my waiters have been giving me tips on which cryptocurrency鈥檚 to buy
Yesterday my taxi cab driver told me he was an influencer and wanted me to get signed up on his Instagram
Since everybody is investing and the most economically challenged group is Betting money that they need for housing and food it is again a sure sign that crypto鈥檚 will and very very badly
Caveat Emptor.聽 聽 Be afraid of cryptocurrencies very very afraid Unless you are a professional investor tied to the machine during market hours which in the case of this is 24 hours a day seven days a week
Please note that a few posts have been removed from this thread.
Thanks,
Priscilla
大咖福利影院 Team
He says bitcoin is more stable that alternative cryptocurrencies.
"Without significant mainstream adoption, recognitions and utility, alts have always been more speculative in nature than bitcoin," said Naseer.
"This means they rise faster during bull runs, and drop sharper during declines."
聽 Source... coindesk.com
Why is this so hard for people to understand except that they always chase the golden rainbow
There is no pot of gold after the chase
Investment schemes are schemes to take money from the uninitiated by the greedy monsters of Wall Street
I know because I am one of them for the last 50 years who has made my fortune with legitimate investments while watching all the scams and Bernie Madoff鈥檚 Finally be taken down
Read my book published by McGraw-Hill 鈥 leader ship investing鈥.聽 you can get it for free on a download
it was taught in the university of Texas system for three years in the early 80s and I still get calls from my graduate PhD students
Everybody beware and save your money for the future as you will lose whatever you have unless you get out
Johnavann wrote:Investment schemes are schemes to take money from the uninitiated by the greedy monsters of Wall Street
I know because I am one of them for the last 50 years who has made my fortune with legitimate investments while watching all the scams and Bernie Madoff鈥檚 Finally be taken down
Read my book published by McGraw-Hill 鈥 leader ship investing鈥.聽 you can get it for free on a download
it was taught in the university of Texas system for three years in the early 80s and I still get calls from my graduate PhD students
John, please provide a link to download your book.聽 My Google search did not produce a link.
cccmedia
If you cannot find it there let me know.
Johnavann wrote:amazon.com.聽 聽 leadership investing
If you cannot find it there let me know.
It's there, John.聽 Leadership Investing by John A. Vann.
No Kindle edition, apparently.聽 New hardcover edition for $39.95.
The "free" download remains elusive.
cccmedia
cccmedia wrote:Johnavann wrote:amazon.com.聽 聽 leadership investing
If you cannot find it there let me know.
It's there, John.聽 Leadership Investing by John A. Vann.
No Kindle edition, apparently.聽 New hardcover edition for $39.95.
The "free" download remains elusive.
cccmedia
It must be around somewhere or it would mean the poster is trying to sneak in an ad for his book. I'm sure he will post聽 link as soon as he sees you're having trouble finding it.
Seems Nat West customers are being targeted. I keep a HSBC account but I delete all emails without reading them because most I get are scams. If scammers are at it with HSBC, they won't get to me.
abthree wrote:In this morning's Washington Post, I saw the first semi-official rumblings that cryptos should be suppressed, not merely "controlled".聽 The Colonial Pipeline ransomware attack opened a lot of eyes (including mine, I must confess) to the fact that crypto makes life easier for one class of people in particular:聽 聽criminals.
Please provide a link or article title, abthree.聽 I couldn't find any reference to criminals such as ransomware actors taking advantage of cryptos .. during my search at washingtonpost.com
The Post has been leading the way among the MSM in shining a light on crypto-madness.
cccmedia
cccmedia wrote:Please provide a link or article title, abthree.聽 I couldn't find any reference to criminals such as ransomware actors taking advantage of cryptos .. during my search at washingtonpost.com
The Post has been leading the way among the MSM in shining a light on crypto-madness.
cccmedia
Sorry, it seems to have been taken down.聽 That sometimes happens with stories posted early in the morning.聽 I'll keep looking from time to time; it will probably reappear in some form.
cccmedia wrote:abthree wrote:In this morning's Washington Post, I saw the first semi-official rumblings that cryptos should be suppressed, not merely "controlled".聽 The Colonial Pipeline ransomware attack opened a lot of eyes (including mine, I must confess) to the fact that crypto makes life easier for one class of people in particular:聽 聽criminals.
Please provide a link or article title, abthree.聽 I couldn't find any reference to criminals such as ransomware actors taking advantage of cryptos .. during my search at washingtonpost.com
The Post has been leading the way among the MSM in shining a light on crypto-madness.
cccmedia
Try this 
Essentially, cryptocrap is a massive scam that makes like easy for criminals. If you happen to be a top quality hacker, Elon Musk, or a dodgy investment manager, crypto is great.
China's digital yuan won't have quite so many problems as it is far more strictly controlled, but I won't be investing just yet. I fully expect scammers to pick up on that one by offering sales that don't exist.
Fred wrote:Plenty more
... If you happen to be a top quality hacker, Elon Musk, or a dodgy investment manager, crypto is great.
This Wall Street Journal op-ed is right on point, even if one reads only up to the pay-wall.聽 It explains why ransomware crooks rely on cryptos to perpetrate their crimes .. and tells the enormous sums such criminals have extorted since last year via crypto-ransomware demands.
Whether banning cryptos is legal/Constitutional/a correct move is debatable.聽 I am not taking sides on the issue at this point.
cccmedia
cccmedia wrote:Whether banning cryptos is legal/Constitutional/a correct move is debatable.聽 I am not taking sides on the issue at this point.
cccmedia
I will - Ban the dammed things.
The Chinese one is different as it's run by a central bank (Not that I'd buy it for a number of reasons) but the rest are far to open to scams and other illegal activity to be worth keeping.
Sharks generally run them for personal profit at the expense of poor sods too stupid to see they're being conned, and the various dodgycoins (deliberate) are used by criminals more than anyone else.
Saying that, I'd ban casinos as well - the two are pretty much the same.
Fred (大咖福利影院 Indonesia expert) wrote:Ban the dammed things (cryptos).
The Chinese one is different as it's run by a central bank ... but the rest are far too open to scams and other illegal activity to be worth keeping....
I'd ban casinos as well - the two are pretty much the same.
One cannot judge properly-regulated casinos as "the same" from the vantage point of Indonesian casinos, which operate illegally in the major cities of the 87-percent Muslim country.
Casinos in many countries operate with a house advantage, yes, but they are not illegally extorting zillions of dollars in crypto valuations from pipelines and other targets.
Not "pretty much the same" -- false equivalency.
cccmedia
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