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Started By
Message
re: Official CryptoTalk Thread
Posted on 1/16/18 at 7:49 pm to stout
Posted on 1/16/18 at 7:49 pm to stout
quote:
lol
A less risky way to gain 13% return in the matter of a few hours? Can you please point me in that direction?
Few Hours? I got 13% in less than 20 minutes lol. 4:26 - 4:44pm. Well would have had.. until I found out you can't sell on coinbase until you've received the transaction.
3
Posted on 1/16/18 at 8:24 pm to HYDRebs
Bitconnect, which has been accused of running a Ponzi scheme, shuts down
RIP
quote:
Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it’s shutting down.
In a release on its website the platform said the shutdown is attributed to “continuous bad press” surrounding the platform, two cease and desist letters from both Texas and North Carolina’s securities boards, and continuous DDoS attacks on the platform.
While the platform says they’re refunding all outstanding loans at a rate of $363.62 USD (an average of the token’s price over the last 15 days), the Bitconnect token is currently trading down ~80% and worth less than $40, so while users may have been made whole on a BCC-equivlent, many are certainly suffering severe financial losses in terms of USD or Bitcoin (which is how they made their original investment).
Many in the cryptocurrency community have openly accused Bitconnnect of running a Ponzi scheme, including Ethereum founder Vitalik Buterin.
RIP
Posted on 1/16/18 at 8:25 pm to HYDRebs
Well on the bright side, you'll probably be up more than 13% by the time you can sell them.
Posted on 1/16/18 at 8:32 pm to GRTiger
That Neblio !- In a sea of red NEB is taking off ! 
Posted on 1/17/18 at 8:21 am to bee Rye
quote:
i took his comment to mean that there are less risky means of getting 13%
If somebody is so terrified of Crypto's volatility that they are frantically asking to get out, they obviously got into something with a risk level they weren't comfortable with in the first place.
This post was edited on 1/17/18 at 2:06 pm
Posted on 1/17/18 at 8:22 am to HotTakeHerald
So Bitconnect just shut down and robbed everyone. Wild shite happening over there.
Posted on 1/17/18 at 8:31 am to thegreatboudini
ETH looks like it might hit sub 800
And Bitcoin is below 10000 yikes
And Bitcoin is below 10000 yikes
This post was edited on 1/17/18 at 8:34 am
Posted on 1/17/18 at 8:41 am to MF Doom
quote:
ETH looks like it might hit sub 800
And Bitcoin is below 10000 yikes
Wonder why they have been taking such a hard hit the last two days. I know South Korea put in a law on crypto recently, but didnt think that would cause this down turn.
Posted on 1/17/18 at 8:42 am to someLSUdoosh
I'm not sure either. How low do you all think we get here? I'm thinking of grabbing up a few of these sales.
Posted on 1/17/18 at 8:53 am to someLSUdoosh
Lots of theories floating around but it's weird. It's probably just people taking gainz who bought eth/btc cheap.
This post was edited on 1/17/18 at 8:54 am
Posted on 1/17/18 at 8:56 am to Tiguar
I'm still riding my spankchain because I think it's the future of porn, and everyone loves porn.
Posted on 1/17/18 at 9:01 am to Tiguar
How low are you guys expecting this dip to go? Trying to figure out when I should buy again.
Posted on 1/17/18 at 9:05 am to Salmon
going on a buying frenzy as soon as my wire clears
Posted on 1/17/18 at 9:14 am to Carson123987
Lunar Holiday is upon us in fellas -
DO NOT FORGET THAT ASIA STILL DOMINATES THE CRYPTO MARKET
This is their Christmas and they are pulling money to pay for their stuff
I looked at graphs for the past 3-4 years, and every year around this time I've seen this dip and it comes back up in February/ March.
market cap might actually fall below 400 billion which might be a good time to buy?
DO NOT FORGET THAT ASIA STILL DOMINATES THE CRYPTO MARKET
This is their Christmas and they are pulling money to pay for their stuff
I looked at graphs for the past 3-4 years, and every year around this time I've seen this dip and it comes back up in February/ March.
market cap might actually fall below 400 billion which might be a good time to buy?
Posted on 1/17/18 at 9:17 am to Carson123987
Posted on 1/17/18 at 9:20 am to Salmon
quote:
How low are you guys expecting this dip to go? Trying to figure out when I should buy again.
No one knows. I was playing with profits until this happened. I put some cash back in yesterday just to start buying what I can.
You can buy what you think is the dip and it keeps going so just do what you feel comfortable with.
Posted on 1/17/18 at 9:32 am to stout
I see transactions for 200 plus ETH being sold right now at $760. Hard to imagine selling at that price. I guess most of these volume traders know what they're doing though.
Posted on 1/17/18 at 9:41 am to HYDRebs
I'll ask another dumb question regarding taxes. I assume long term holds (more than a year) are taxed as long term capital gains just like stocks correct?
Posted on 1/17/18 at 9:43 am to thegreatboudini
That's my spirit animal in this recession.
Posted on 1/17/18 at 9:46 am to GRTiger
I just bought some more ETH.
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