This shit is such a joke.Quote:
Originally Posted by Dan Druff
So much hustle going on behind the scenes I imagine.
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This shit is such a joke.Quote:
Originally Posted by Dan Druff
So much hustle going on behind the scenes I imagine.
They have a US version (see my link) which is legal in 37 states.Quote:
Originally Posted by nightmarefishDidn’t Binance stop service to US citizens?Quote:
Originally Posted by Dan Druff
Not trolling
Druff, with all the poker relationships you have and time at the tables I find it hard to believe you have not developed a network of people who need to get in and out of Bitcoin.
You sit at a cash game for a few hours and talk often turns to what else the players are up to. Particularly the kids. They play online? How do you deposit? Etc.
I remember back in the day 2+2 had a thread to swap online $ for PayPal, prepaid, and other stuff. Does such a thread exist for local Bitcoin meetup?
Just a short squeeze that was ignited under mistaken Chinese pretenses. Sorta like a Cali fire.
Your instinct to bail is sound
Quote:
Originally Posted by Dan Druff
Clicked link and made an account, how long until the 15 bucks shows up? Or do I actually have to make a deposit to collect the 15?
Did the referral code I gave you for Mossack Fonseca work for you Sonatine?
The meek and their crypto
Jumped off the train at 9450, just leaving a bit behind to load sports sites or whatever.
Good enough. I didn't panic when it fell below 9100 from the most recent runup, but from what I've seen, it's hard a real hard time reaching 9500 (briefly hitting it today before quickly falling off), so 9450 was good enough.
This isn't a terrible result given that it crashed 28% from where it sat around 10100 for a long time. Also, much of that I got lower than 9450 originally, so I still did okay.
12k by the weekend ;)Quote:
Originally Posted by Dan Druff
Let’s get back to standard
The Big Bitcoin Heist
https://www.vanityfair.com/news/2019...-bitcoin-heist
There is a 30min podcast story nested in the article
It’s not Veranda magazine but it’s still a fun listen
The Missing Cryptoqueen. The weird store of fake crypto + MLM = OneCoin, the worlds biggest scam. Worth a listen.
https://podnews.net/podcast/1480370173
https://www.wired.com/story/strange-...irtuoso-coder/
an interesting portrait of the type of boots-on-the-ground people fueling the crypto movement.
People like to make fun of me for never getting the bitcoin price movement right when I make my moves, and some of that is deserved, but I did a good job on this one.
I sold almost all of my BTC on 11/4 for about $9450-$9500 average (I sold it off in various transactions).
It has since plummeted to $8574 as I write this. It also didn't ever eclipse the value I sold it since my transactions were completed.
I do wish I got my Binance working earlier so I could have sold at $9600-$9800, but I'm still pretty proud of myself here.
I'll be "acquiring" some BTC again soon, so it will be time once again to try to play the price game.
https://www.youtube.com/watch?v=FaMED_45-d0
bitfinex just sent an email to a infosec dude demanding to know where he's sending his bitcoin and why.
totally normal legitimate business behavior, btw.
HAHAHA THATS FUCKING GOD. BTC IN FREEFALL MODE TODAY.
WHEN MOON??
:lol2
It's been a blood bath the past week.
I got a cashout from Ignition and thought they might slow pay me cause of the dip but I got paid within 24 hours at a time btc went down even lower around $7,050.
It went up to $7280ish from what I saw a few hours later so I was thinking $7500+ soon and get rid of it but now it's sitting around $6,720 so the joke is on me.
I'll take the risk and HODL some more hoping it goes back up.
I've actually been holding off cashing out for this reason.
I don't want them processing it while I'm sleeping, only to find that 20% of my money has vanished in between them sending it and my waking up.
Also I'm afraid of their shady processor pulling shenanigans with the price they use to send it to me.
True most of the time but they actually sent me an extra $35 to $40 according to the value at time it was sent so who knows.Quote:
Originally Posted by Dan Druff
I felt it was going up and was willing to risk it otherwise I could have made the few percent when it did bounce back and get out early.
Two years ago bitcoin was nuts around this time of year booming to the point each transaction cost at least $5 to $50 to send and if you didn't go with normal time frame trying to save your transaction could take days.
This year is completely the opposite with bitcoin being down a lot from then but it only costs pennies per transaction you make.
http://shanghai.pbc.gov.cn/fzhshangh...566/index.html
"Once [bitcoin or cryptocurrency trading] is discovered, it will be disposed of immediately, and it will be prevented from happening early"
china is not fucking around any longer.
Quote:
Originally Posted by bitcoins
:SFO
Still plenty of profit being made by the large Bitcoin mining operations, they are mining at about $3,000 a Bitcoin.
https://assets.bwbx.io/images/users/...v0/1200x-1.jpg
NICE BOUNCE TODAY. LETS SEE WHERE SEE GOES.
Back down, apparently. At least somewhat.Quote:
Originally Posted by DJ_Chaps
lotta people had scripted purchases at 6999 for the usual reasons, i was tempted to hang ten myself, but i think this is going to get worse before it gets better and the china sitch makes this especially difficult to grin & bare.
Fun read about the billion dollar scammer of OneCoin dubbed the 'CryptoQueen'....
https://www.bbc.com/news/stories-504...=pocket-newtab
FBI just arrested Ethereum employee Virgil Griffith for going to DPRK to essentially teach them how to evade sanctions using cryptocurrency.
Anyway, here's an interesting story.
A major, major bitcoin mining ponzi scheme has been busted, which went on for years, and just ended two days ago.
It was a supposed mining operation called BitClub, but apparently there was no mining involved. Victims were enticed to invest in a supposedly advanced mining operation, since modern bitcoin mining requires equipment too expensive for the average individual to afford. In this case, there was no mining at all. They faked the mining, and paid out "profits" with money from new investors, resulting in $722 million stolen total.
Here's the indictment: https://www.justice.gov/usao-nj/pres...24926/download
Here's the DOJ statement: https://www.justice.gov/usao-nj/bitclub
Three Americans have been arrested, and two others are still being sought.
Crypto investors have typically been easy marks, thus giving rise to the proliferation of scams. A few years ago, a super-obvious poker scam (where they solicited money to "invest" in poker bots which would auto-play and you'd be shipped the profits) was aimed only at the crypto community, and not the poker community. It was assumed that, as gullible as poker players can be, the crypto community was a better target, as this particular scam required the super-gullible.
This particular mining scam, however, was fairly well conceived, as mining pools do exist, and it's difficult for the investor to verify whether real mining is taking place or not.
If you read the indictment, you can see chat logs between the perpetrators, where they mock their victims as "idiots".
Unless the price for Bitcoin drops below $4,000 a coin, the big Bitcoin miners don't give a fuck.
https://www.coindesk.com/wp-content/...PI-545x302.jpg
Quote:
Quantum computers could ruin and damage Bitcoin’s security protocol. The elliptic curve signature system employed by Bitcoin is at jeopardy and could be destroyed by a quantum machine as early as 2027?
https://1.bp.blogspot.com/-CmGPCx78J..._art_small.pngQuote:
Less than 3 million Bitcoin (BTC) remain to be mined, with the process expected to take around 121 years. Some allege however, that Google’s quantum computer, Sycamore, could do it in “less than 2 seconds”.
MONKEYHAMMER BLOODBATH
I have over 2 BTC and have to decide if this is a permament crash (like the one I averted by selling at 9450), or if we are popping back up to 7k.
Druff, I need some advice regarding AMEX annual fees (thread to come later), but hindsight bias withstanding, you should’ve sold your btc month + ago
I did sell over a month ago at 9450. One of my best-timed BTC decisions ever, actually. I could feel the Kermit crash coming in my bones.Quote:
Originally Posted by Krypt
I just got these 2 BTC over the past 2 days (most of it today).
It touched 6700 today but I was busy and didn't sell. Then it kept sitting between 6600-6700 and I was waiting for it to happen again.
Now it's crashing and sits at 6461.
:kermit
Sold for around 6870. I didn't panic when it went into the 6400 range earlier.
Now Kermit can fall off the cliff and I can just laugh at the misfortune of the true believers.
What would Bryan Micon do?
http://www.pokerjunkie.com/assets/Up...0-box-copy.jpg
totally normal thing to happen to a financial institution with zero inclination or even capability to return customers money/assets.