Where can you buy xrp or bch without waiting?
Asking for a friend.
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Where can you buy xrp or bch without waiting?
Asking for a friend.
LITECOIN FOUNDER SELLS ALL HIS COINS
thoughts??
Man accidentally threw away $127 million in bitcoin and officials won't allow a search
https://www.cnbc.com/2017/12/20/man-...-him-look.html
A guy used a laptop to mine 7,500 Bitcoins between 2009 through 2013?
Considering the multi-million dollar investments some Bitcoin miners have in computer rigs that his claim is impossible.
Serious question, how much computer power do you need to generate one Bitcoin and exactly how long would it take?
https://upload.wikimedia.org/wikiped...Mining_rig.jpg
This guy is full of shit, I had a twitter conversation with him a few years ago and he had no real idea about how to even mine bitcoins. Initially he claimed he mined them on a laptop that had no dedicated GPU, the amount of coins he claimed he mined was impossible no matter how powerful his CPU.
I think he was angling for sympathy, or to gain some credibility in the bitcoin community, I'm quite sure many folks sent him some coins because they felt sorry for him.
Tine if there was a fly fishing coin or a brony coin would you then potentially invest?
Crypto went from 0 billion to 650 billion market cap. And when it finally goes donkdown, the idiots that missed the biggest ride in history will say "I told ya so." Especially those who kept calling a crash for the past 7+ years. Can't cry wolf everyday for 7 years and then take credit for the inevitable crash.
SEC Halts Crypto Stock Over Manipulation Concerns After Massive Jump
https://www.bloomberg.com/news/artic...ter-2-700-jump
-Trading halt tied to concerns shares being manipulated: SEC
-Agency adds that investors may not be getting accurate data
Quote:
U.S. regulators temporarily suspended trading in an obscure digital currency company due to concerns that its stock is being manipulated after the shares surged more than 17,000 percent in less than three months, making paper billionaires out of top executives.
In a Tuesday order halting buying and selling of The Crypto Co., the Securities and Exchange Commission said it was worried investors aren’t getting accurate disclosures or enough information about the company. Questions have also arisen about “potentially manipulative transactions” involving the Malibu, California-based company’s shares, the SEC said.
Crypto appears to be a beneficiary of the digital-currency fever that has gripped markets in 2017. Despite losing more than $2.7 million this year and posting just a few hundred thousand dollars of revenue, the company’s market capitalization exceeds $11 billion. Its lofty valuation has made a billionaire out of President James Gilbert, who held a stake worth nearly $4.2 billion based on Monday’s closing price.
Crypto trades over-the-counter, a market that typically has less stringent oversight than regulated exchanges. Its share jump has attracted the attention of market operator OTC Markets Group, which added a skull-and-crossbones icon next to the company’s stock symbol earlier this month to urge investors to be extra cautious before buying the shares.
The company invests in digital assets, and is developing source code for managing them, according to regulatory filings. At the end of September, it held crytocurrencies worth $900,110, filings show. Bitcoin, the biggest digital currency, was trading for about $4,171 at the time, but has since surged to more than $18,220.
The SEC said its concerns about Crypto include the compensation paid for the promotion of the company and statements made in regulatory filings about plans for insiders to sell their shares. The company didn’t immediately respond to a request for comment. The temporary suspension will last through Jan. 3, according to the SEC order.
Wall Street’s main regulator has been cracking down on offerings tied to cryptocurrencies due to concerns that some companies aren’t complying with securities rules and that investors could get fleeced.
Earlier this month, the SEC froze the assets of an initial coin offering that promised a 13-fold profit in less than a month. The agency alleged that the offering violated federal securities laws since it was not registered with the government.
Deep Discount
Crypto disclosed last week that it was selling shares privately for $7, a steep discount to the $223 investors were paying for its stock in public markets at the time. Chief Executive Officer Michael Poutre said the $7 price had been communicated to potential buyers weeks ago -- before the stock’s dramatic surge. The stock peaked at $642 on Dec. 11 before closing at $575 Monday.
Crypto also disclosed last week that it plans to split its shares 10-for-1, citing the recent jump in the stock price and the recent “rise of the entire digital-currency market.” The company is the product of a reverse merger with a sports bra company.
https://assets.bwbx.io/images/users/.../v2/800x-1.png
The company lied, they have zero credibility.
It's a classic pump and dump scheme for penny stocks.
When the OTC market opens on their stock on January 3rd 2018, you should sell all their fucking stock.
However, in the future, I'm sure some legitimate companies will offer something similar.
This difference will be that they have tens of millions behind them in assets and a good track record.
I've called bitcoin a solution in search of a problem since they were $5, and I still think that. It's actually much worse now than it was then. Any transaction fee over a dollar is pretty much a dealbreaker.
I don't regret not buying any because I know that anything I bought at $5, I would have definitely sold in the $200-$1000 spike that one December.
Crypto mining is consuming the same amount of energy as Denmark. Really.
I don't know if anyone disagrees with that, i at least don't. Most of the "anti-crypto" positions in this thread are against the earlier hippie views for crypto and treating crypto like a 401k. Oh and you know spending money you don't have on it. All those things are great for speculation since they keep bringing fresh money to crypto, but it also means the last layer of the pyramid keeps getting wider.
If i thought the only way for the music to stop, would be when we ran out of fools, i would consider it to be an almost stable asset.
It's kinda how poker boom just cost money to most people and at the time there wasn't that many people i would have suggested to quit their day job or drop out to pursue that batch of easy money. For handful of people it was great though.
As long as BTC keeps appreciating fairly often, people will overlook the crashes as a necessary evil -- ones which will quickly end and the good times will return.
Look, about 10 days ago (I think, just guessing here), it was down to 13k after being up to 19k, and it corrected itself very quickly.
The problem will occur, I think, when BTC stagnates for awhile, and then something triggers a crash.
People won't have as recent of good times to remember, everyone will think, "Shit! It's happening! Time to bail out!", and you know what will come next.
It will probably take a few cycles of these to devalue bitcoin. There will be resistance points. For example, if it falls below 10k, it will probably dip to something like 9300 before recovering from all the people who will buy in expecting that resistance point (kind of a self-fulfilling prophecy!)
It also might just have a steady March downward, as it had for about 1 1/2 years leading to May 2015. At that point, bitcoin had no sustained gains (!!), yet various losses followed by stagnation which cut its value by about 83%.
So that might also be the way it goes out.
Honestly I was very surprised how it recovered after that. We had such a long period of steady decline, it just seemed like the shark had been jumped, and everyone who wanted in would be already in.
Anyway... we're back into the 16400 range right now. Might have another few pops back up, but those jumping in now are taking quite as risk.
I also don't really see a scenario where bitcoin crashes and one of the alts rises to take its place. They all seem roughly tied together with their rise and fall, from what I've seen in general.