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Title: Fontas - will he kill crypto-currencies? Post by: creekbore on November 27, 2013, 05:07:33 AM But seriously, this guy has been gaining a higher and higher profile this year.
While his activities would be illegal in regulated markets, he is persuading newcomers to crypto that his pump and dump schemes are legitimate and morally sound; often at their own financial expense. With more than 12000 users on BTCe, there are going to be a lot fresh lambs slaughtered in the coming days/weeks. For those who perhaps are aware of him but don't know of his more recent blatant behaviour, here are some recent tweets: Quote Let us have a quick recap of today's success. TRC +473%, XPM +186%. Two very successful pumps, many people tripled their money and more! IE Fontas tripled his money, most lost theirs and are holding over-priced junk. Quote A 330 BTC sell wall appeared just as I announced it... something fishy going on While arguably a financial genius, the concept of irony is clearly lost on him. Quote Insider circle membership (24hour prepump notice, price targets) is now 120BTC for the next 2 subscribers, 190 BTC for the 2 after that. That's right...pay him 120BTC and you can lose your money a little earlier :o So, when will this behaviour reach a critical mass and the mainstream pick it up and use it as a huge beating stick for bitcoin? Your thoughts on blatant manipulation are welcomed :) Title: Re: Fontas - will he kill crypto-currencies? Post by: BitcoinAshley on November 27, 2013, 05:17:58 AM A fool is born every minute.
Just be glad you are not one and be on your merry way. The majority of bitcoin traders have not even HEARD of Fontas and if they did, would be unconcerned. He is just another dude trying to make bank in a sea of dudes trying to make bank. He has found a way to make money. If people lose money, they have learned a lesson. Some lessons are very expensive to learn. Like college in America, you learn enough to get a degree and it costs $40,000 a year at a private university. Some would say you have also learned the lesson not to get into tons of debt, as well as the lesson not to buy into bubbles at the top (in this case, the higher education bubble.) Well with Fontas, a foolish individual might pay BTC120 and learn enough to not pay BTC120 into pump schemes. An expensive lesson, but a lesson well-learned. Title: Re: Fontas - will he kill crypto-currencies? Post by: Kluge on November 27, 2013, 05:22:14 AM A fool is born every minute. Yup.Just be glad you are not one and be on your merry way. The majority of bitcoin traders have not even HEARD of Fontas and if they did, would be unconcerned. He is just another dude trying to make bank in a sea of dudes trying to make bank. He has found a way to make money. If people lose money, they have learned a lesson. Some lessons are very expensive to learn. Like college in America, you learn enough to get a degree and it costs $40,000 a year at a private university. Some would say you have also learned the lesson not to get into tons of debt, as well as the lesson not to buy into bubbles at the top (in this case, the higher education bubble.) Well with Fontas, a foolish individual might pay BTC120 and learn enough to not pay BTC120 into pump schemes. An expensive lesson, but a lesson well-learned. I came in the thread wondering who the Hell this guy was. I was hoping he was some kind of cheese-maker... Could we maybe turn this into a fontina porn thread? http://www.naturaosta.it/images/fontina.jpg Title: Re: Fontas - will he kill crypto-currencies? Post by: aminorex on November 27, 2013, 05:25:13 AM Now now Gov. Spitzer, you can't turn everything into a porn thread.
Title: Re: Fontas - will he kill crypto-currencies? Post by: Kluge on November 27, 2013, 05:30:23 AM Now now Gov. Spitzer, you can't turn everything into a porn thread. Wow. Never thought of that. There's quite a resemblance.http://img.timeinc.net/time/daily/2009/0903/elliot_spitzer_0309.jpg Title: Re: Fontas - will he kill crypto-currencies? Post by: creekbore on November 27, 2013, 05:36:39 AM A fool is born every minute. Just be glad you are not one and be on your merry way. The majority of bitcoin traders have not even HEARD of Fontas and if they did, would be unconcerned. He is just another dude trying to make bank in a sea of dudes trying to make bank. He has found a way to make money. If people lose money, they have learned a lesson. Some lessons are very expensive to learn. Like college in America, you learn enough to get a degree and it costs $40,000 a year at a private university. Some would say you have also learned the lesson not to get into tons of debt, as well as the lesson not to buy into bubbles at the top (in this case, the higher education bubble.) Well with Fontas, a foolish individual might pay BTC120 and learn enough to not pay BTC120 into pump schemes. An expensive lesson, but a lesson well-learned. Thanks for the response. The guys at Enron (etc etc ad nauseum) were just making bank too...this doesn't justify their behaviour. Education has its place in the world. Just because the US is obsessed with putting a dollar value on education doesn't mean it's bad...if anything it means the free-market will corrupt even the most noble endeavours. Please don't judge me by my 'status' here: I'm no fool and have been around the block a few times - I appreciate painting the tape has been around since the first bear skins were traded. My point is: with freedom comes responsibility. Without regulations at present crypto has to self-regulate - by abrogating responsibility for other people's actions within the crypto environment, what sort of message does that send to others outside the environment? You can't have it both ways - well, you can but the party usually ends in chaos. Title: Re: Fontas - will he kill crypto-currencies? Post by: MAbtc on November 27, 2013, 05:54:27 AM I'm not too worried about Fontas. It's the wild west out here, and newbs get fleeced from every direction in bitcoin. I sympathize, but the "pump and dump" aspect of altcoins isn't going away, and he isn't the only one doing it. He's more vocal, obviously.
Title: Re: Fontas - will he kill crypto-currencies? Post by: SpeedDemon13 on November 27, 2013, 06:03:16 AM Yup, until FINCeN or some thing like that gets involved, then things will continue this way. Cryptocurrency is more of a unregulated version of the stock market, the stock market itself is fearful as is....
Title: Re: Fontas - will he kill crypto-currencies? Post by: andrewboy44 on November 27, 2013, 06:15:55 AM I've been in the btc-e trollbox for months now.. fontas is just a made up person that we say to make people believe a pump and dump is coming. When the trollbox starts saying fontas is about to pump this coin or fonta is about to do this newbies tend to either A buy buy buy or dump. Its a way of tricking people. I honestly see nothing wrong with it. People try to complain about fontas but I just laugh because it really isn't anyone. I've never seen a member named fontas and ever since I've been in the trollbox members say its just a fake person that they have been using for months now to trick people
Title: Re: Fontas - will he kill crypto-currencies? Post by: creekbore on November 27, 2013, 08:19:04 AM I've been in the btc-e trollbox for months now.. fontas is just a made up person that we say to make people believe a pump and dump is coming. When the trollbox starts saying fontas is about to pump this coin or fonta is about to do this newbies tend to either A buy buy buy or dump. Its a way of tricking people. I honestly see nothing wrong with it. People try to complain about fontas but I just laugh because it really isn't anyone. I've never seen a member named fontas and ever since I've been in the trollbox members say its just a fake person that they have been using for months now to trick people I've been in the troll box somewhat longer...I stopped posting along time ago. Trust me Fontas is real - he used to post in there regularly.And you think his Twitter feed runs itself? I think people saying he's 'mythical' are pulling your leg. (If you don't believe me...check the archive...about June/July he and Koolio tricked a number of users with pumps). There is an aspect that this gives crypto a bad rep. - if you really support the ideals behind crypto , then you should realise this blatant manipulation will be used by the current financial hegemony to impose regulation. Be careful. Title: Re: Fontas - will he kill crypto-currencies? Post by: monsterer on November 27, 2013, 08:44:31 AM IE Fontas tripled his money, most lost theirs and are holding over-priced junk. It's extremely unlikely that he makes any money actually moving the price, he probably loses a fair amount because the work to eat all those price levels will cost a lot of BTC and there will be no support underneath the price he ends up at to exit with, so selling again would cost him more. His only option after he submits (probably a series of well placed) large buy orders, is to do nothing for a day or so and hope the market continues to rise and build enough support at that price level where he can sell back out and break-even, or profit. Now, if he is charging for 120 BTC for 'inner circle' knowledge of when these events will occur, then that is where he gets his reward. Cheers, Paul. Title: Re: Fontas - will he kill crypto-currencies? Post by: mymenace on November 27, 2013, 08:47:54 AM From what I believe there is no regulations in forex trading as well, This is totally legal for currency exchanges to pump and dump.
The fontas at least is open and transparent and gives everyone the opportunity to join in. If you decide to gamble with your investments thats your choice. I am really concerned that people think a pump and dump is bad behaviour yet it is done everywhere else, you just do not hear it or see it. Maybe illegal for stock exchanges but for forex as far as I have heard insider trading is not illegal. I would appreciate feedback if i am incorrect. Title: Re: Fontas - will he kill crypto-currencies? Post by: blockage on November 27, 2013, 08:52:39 AM I've been in the btc-e trollbox for months now.. fontas is just a made up person that we say to make people believe a pump and dump is coming. When the trollbox starts saying fontas is about to pump this coin or fonta is about to do this newbies tend to either A buy buy buy or dump. Its a way of tricking people. I honestly see nothing wrong with it. People try to complain about fontas but I just laugh because it really isn't anyone. I've never seen a member named fontas and ever since I've been in the trollbox members say its just a fake person that they have been using for months now to trick people 'Made up person' Jesus did you make that up yourself? I've been around the trollbox for almost 2 years now and I can also assure you that fontas is real. He hasn't done any pumps lately, but it seems he got back into business. There are a couple of people in the trollbox I would never trust a single coin with including fontas, koolio, supadupajenkins, raido ... {I'm so bad with names.} Just in case you also miss the reference to chikun, let me enlighten you. (http://youtu.be/oHUIU3HG1rk?t=26s). Title: Re: Fontas - will he kill crypto-currencies? Post by: MAbtc on November 27, 2013, 10:08:46 AM IE Fontas tripled his money, most lost theirs and are holding over-priced junk. It's extremely unlikely that he makes any money actually moving the price, he probably loses a fair amount because the work to eat all those price levels will cost a lot of BTC and there will be no support underneath the price he ends up at to exit with, so selling again would cost him more. Title: Re: Fontas - will he kill crypto-currencies? Post by: andrewboy44 on November 27, 2013, 12:02:54 PM Everyone believes he is fake. And we have seen no traces of him. The last crazy pump we had was on NVC. He could possibly be responsible for that but other than that not recent pump and dumps have happened on btc-e. I don't think he is the blame if this person is even real..
Title: Re: Fontas - will he kill crypto-currencies? Post by: lindatess on November 27, 2013, 12:08:06 PM Fontas is real. ;D That evil twittering chicken!
The problem will be when he announces a pump and then he starts dumping. Title: Re: Fontas - will he kill crypto-currencies? Post by: Fernandez on November 27, 2013, 01:24:34 PM I'm not too worried about Fontas. It's the wild west out here, and newbs get fleeced from every direction in bitcoin. I sympathize, but the "pump and dump" aspect of altcoins isn't going away, and he isn't the only one doing it. He's more vocal, obviously. The ones getting greedy are the ones getting fleeced. Title: Re: Fontas - will he kill crypto-currencies? Post by: 9971ea1a on November 27, 2013, 01:37:44 PM Absolutely not.
Title: Re: Fontas - will he kill crypto-currencies? Post by: drrussellshane on November 27, 2013, 02:25:43 PM Gotta love the trollbox!
Title: Re: Fontas - will he kill crypto-currencies? Post by: defaced on November 27, 2013, 02:42:07 PM Its easy, when he announces a pump you better be selling and not buying.
Title: Re: Fontas - will he kill crypto-currencies? Post by: Taxidermista on November 27, 2013, 04:17:30 PM While his activities would be illegal in regulated markets Illegal??? What the fuck are you talking about??? Title: Re: Fontas - will he kill crypto-currencies? Post by: doom309 on November 27, 2013, 04:59:12 PM does the exchange allow short selling?
that would make it fairer Title: Re: Fontas - will he kill crypto-currencies? Post by: monsterer on November 27, 2013, 05:50:57 PM He buys on the cheap a day or so prior. Then announces the pump. The TRC pump earlier-- people bought it up from .0004 or so to .0018 in 2 minutes. (It plummeted back to .0004 or so within another minute.) He didn't buy anything on the way up. That might work now, but when he first started doing this, it wouldn't have since no one would believe him. And this theory still relies on enough people with enough coins to believe enough to actually commit. If it were me, I'd want to see it actually look like its moving significantly first. Title: Re: Fontas - will he kill crypto-currencies? Post by: mladen00 on November 27, 2013, 05:59:22 PM he can try.....but who is Fontas 4 crypto
Title: Re: Fontas - will he kill crypto-currencies? Post by: creekbore on November 28, 2013, 06:52:53 AM While his activities would be illegal in regulated markets Illegal??? What the fuck are you talking about??? This from Wiki: Quote One method of regulating and restricting pump and dump manipulators, is to target the category of stocks most often associated with this scheme. To that end, penny stocks have been the target of heightened enforcement efforts. In the United States, regulators have defined a penny stock as a security that must meet a number of specific standards. The criteria include price, market capitalization, and minimum shareholder equity. Securities traded on a national stock exchange, regardless of price, are exempt from regulatory designation as a penny stock,[12] since it is thought that exchange traded securities are less vulnerable to manipulation.[13] Therefore, CitiGroup (NYSE:C) and other NYSE listed securities which traded below $1.00 during the market downturn of 2008-2009, while properly regarded as "low priced" securities, were not technically "penny stocks". Although penny stock trading in the United States is now primarily controlled through rules and regulations enforced by the Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA), the genesis of this control is found in State securities law. The State of Georgia was the first state to codify a comprehensive penny stock securities law.[14] Secretary of State Max Cleland, whose office enforced State securities laws[15] was a principal proponent of the legislation. Representative Chesley V. Morton, the only stockbroker in the Georgia General Assembly at the time, was principal sponsor of the bill in the House of Representatives. Georgia's penny stock law was subsequently challenged in court. However, the law was eventually upheld in U.S. District Court,[16] and the statute became the template for laws enacted in other states. Shortly thereafter, both FINRA and the SEC enacted comprehensive revisions of their penny stock regulations. These regulations proved effective in either closing or greatly restricting broker/dealers, such as Blinder, Robinson & Company, which specialized in the penny stocks sector. Meyer Blinder was jailed for securities fraud in 1992, after the collapse of his firm.[17] However, sanctions under these specific regulations lack an effective means to address pump and dump schemes perpetrated by unregistered groups and individuals. http://en.wikipedia.org/wiki/Pump_and_dump#Regulation And this: http://en.wikipedia.org/wiki/Microcap_stock_fraud Etcetera etcetera etcetera.... However, I'm not looking for a legal argument. I'm more interested if this 'community' feels a collective moral responsibility to look after its own. Title: Re: Fontas - will he kill crypto-currencies? Post by: creekbore on November 28, 2013, 06:59:19 AM Gotta love the trollbox! The level of intelligence recently has slumped as the number of users has increased - I actually have a screen grab of this little gem (from around August): Quote User1: Fontas has pumped btc to 111 on gox why is it only 96 here? User2: he is not receiving enough support here So wrong and in so many ways :o Title: Re: Fontas - will he kill crypto-currencies? Post by: andrewboy44 on November 29, 2013, 02:54:50 AM well here is fontas twitter! https://twitter.com/fontase
Title: Re: Fontas - will he kill crypto-currencies? Post by: iPaulito on December 02, 2013, 05:43:12 AM He would have been in jail if cryptocurrencies were regulated. Actually what I think is that he will eventually end up there anyway. BTC-e has total daily volume(altcoins counted in) of 150K BTC which is 150M USD daily. Surely someone is monitoring all activities and those obvious manipulators will have to cope with consequences.
What I do not understand that someone who is having 5M USD or more in crypto wants more and more. I mean having 5M USD 100% or risking that a)Russian website taken down by government b)Total cryptocurrencies end c)Hacker hacks into your account and many more threats... Just do not buy it why. Either way you at least know where to get out of the coin - Pump announcment Title: Re: Fontas - will he kill crypto-currencies? Post by: Speaker on December 02, 2013, 06:50:18 AM Following fontase is a very very risky game but every once in a while you make something. I had 5 COL and he pumped it really well. The COL is still useless to me but its all about luck when following his plans. I tend not to deal with him and do absolutely nothing when he announces a P&D in a cryptocurrency I have some coin in.
Title: Re: Fontas - will he kill crypto-currencies? Post by: Altoidnerd on December 03, 2013, 07:43:06 PM does the exchange allow short selling? that would make it fairer Shorting bitcoin would be excellent, but I don't know any way to short bitcoin, or any crypto, unless you just borrow some coins from a friend. On another note, fontas is certainly real and that is certainly his twitter. It's not difficult to use a wallet address he gives out publicly to locate several 1,000 BTC wallets and a big mother wallet holding 98,000 BTC. Edit: this was his donations wallet on twitter recently. 1FCzmB3DhsuzBSM4wKcfJoTLRAvMARRuXM Maybe fontas antics would be illegal, but big orders trying to motivate markets isn't illegal, at least I don't think it is. "Pump and dump" worked on gox once with about $3 million, looks like the guy dumped it off and ended up with cheap or free BTC. https://i.imgur.com/2h3kLI7.png (https://i.imgur.com/2h3kLI7.png) Title: Re: Fontas - will he kill crypto-currencies? Post by: blockage on December 05, 2013, 12:04:47 AM Shorting bitcoin would be excellent, but I don't know any way to short bitcoin, or any crypto, unless you just borrow some coins from a friend. I think you can do that on Bitfinex or Btc-e. Title: Re: Fontas - will he kill crypto-currencies? Post by: crazy_rabbit on December 05, 2013, 12:08:59 AM Fontas will not kill crypto-currencies, but he will probably be going to jail for financial crimes. You're not allowed to deliberately "pump and dump". If the SEC got Pirate, they will get Fontas.
Title: Re: Fontas - will he kill crypto-currencies? Post by: Altoidnerd on December 05, 2013, 04:56:11 AM Fontas will not kill crypto-currencies, but he will probably be going to jail for financial crimes. You're not allowed to deliberately "pump and dump". If the SEC got Pirate, they will get Fontas. I honestly think the world market will simply beat him down and he will lose his wealth. Either that or he will have to cease. He can get away with it now, but the market cap of bitcoin is currently less than the market cap of shares of microsoft by a factor of 10. When the world market really comes to the scene, it will not matter what fontas wants. He will either play correctly or be squashed. Title: Re: Fontas - will he kill crypto-currencies? Post by: Speaker on December 05, 2013, 05:01:34 AM I don't understand why fontase just doesn't quit. He's made more than enough money off of that.
Title: Re: Fontas - will he kill crypto-currencies? Post by: AndrewWilliams on December 05, 2013, 05:44:24 AM I wouldn't be surprised if Fontas is arrested by the SEC for being a currency manipulator.
That said, the troll box on BTC-E is great entertainment. Anyone taking things literally there is in for a rude awakening. Besides, all the Quark Spammers can really get on your nerves... Title: Re: Fontas - will he kill crypto-currencies? Post by: Altoidnerd on December 05, 2013, 05:56:03 AM I wouldn't be surprised if Fontas is arrested by the SEC for being a currency manipulator. That said, the troll box on BTC-E is great entertainment. Anyone taking things literally there is in for a rude awakening. Besides, all the Quark Spammers can really get on your nerves... I know. How do they not feel bad about this? Seriously. When asked why I didn't jump on quark, I didn't even know where to begin. Trying too hard to make me buy it and save it maybe? 98% premine? WHATS NOT TO LIKE DUDE? Title: Re: Fontas - will he kill crypto-currencies? Post by: Walter Rothbard on December 05, 2013, 06:09:15 AM Rewording the question a little bit:
Are crypto-currencies so fragile that a single person can destroy them? Title: Re: Fontas - will he kill crypto-currencies? Post by: Speaker on December 05, 2013, 06:20:02 AM Rewording the question a little bit: Are crypto-currencies so fragile that a single person can destroy them? Not all clearly but he ruined COL. It was worth about .0000000024 or something and now its at like .0000000004. I'm probably off with those 0s. Title: Re: Fontas - will he kill crypto-currencies? Post by: Altoidnerd on December 05, 2013, 06:58:04 AM Rewording the question a little bit: Are crypto-currencies so fragile that a single person can destroy them? Not all clearly but he ruined COL. It was worth about .0000000024 or something and now its at like .0000000004. I'm probably off with those 0s. More and more money gets pumped into crypto currency every single day. It enters through bitcoin. That is the point of entry for the fiat. But it trickles down into the alts. Eventually, the enormous wealth of the world market will definitely crush him. He will be an interesting case study - his twitter account. He is loaded now, richer than he ever imagined he would be. His head is filled with hot air. When he realizes that he can only push around baby markets (like I said, a single wall street stock would smash him) he will not be proud anymore. Title: Re: Fontas - will he kill crypto-currencies? Post by: CoinHoarder on December 05, 2013, 07:01:04 AM Edit: nevermind
Title: Re: Fontas - will he kill crypto-currencies? Post by: Altoidnerd on December 05, 2013, 07:01:38 AM Rewording the question a little bit: Are crypto-currencies so fragile that a single person can destroy them? Not all clearly but he ruined COL. It was worth about .0000000024 or something and now its at like .0000000004. I'm probably off with those 0s. And he didn't ruin COL. COL is simply far too numerous to be traded right now. A bunch of people need to give up, take the loss, not care, and leave the exchange. Eventually COL will be traded. Many ciurrencies display this behavior of actually being traded for over a month between 01 and 02. Then suddenly rising permanently. The same thing is happening with CENT. I did buy CENT 01 LTC thinking there was no way to loose. Haha I was wrong. CENT is also sold on the XPM market. >;/ Title: Re: Fontas - will he kill crypto-currencies? Post by: Altoidnerd on December 05, 2013, 07:03:08 AM Not to defend fontas, but that is definitely not him talking. There are a bunch of fontas copies on twitter and one of them speaks shitty english as well. This is fake. Fontas is articulate. Title: Re: Fontas - will he kill crypto-currencies? Post by: Speaker on December 05, 2013, 07:05:51 AM Put his twitter page in the background. Makes it more credible. Title: Re: Fontas - will he kill crypto-currencies? Post by: CoinHoarder on December 05, 2013, 07:06:22 AM EDIT: nevermind Not to defend fontas, but that is definitely not him talking. There are a bunch of fontas copies on twitter and one of them speaks shitty english as well. This is fake. Fontas is articulate. I apologize, I will remove the link to the image. Title: Re: Fontas - will he kill crypto-currencies? Post by: Altoidnerd on December 05, 2013, 07:21:40 AM I apologize, I will remove the link to the image. [/quote] Oh I don't care. I'm just throwing it out there that isn't fontas. Fontas uses the english language to his advantage always. Also, once again, not to defend fontas at all, but it is certainly mathematically possible for a man to profit off a large volume pump and dump even if he is acting all alone, having told nobody, and having made no prepump. An example of such a technique was used on gox 11-29 and I screen capped it. Take a look and think about the average buy price for the big green bar and the average sell price. I cant be sure, but let us suppose this were one man who put in a market order for looks like 3000 BTC. This is to his advantage if he can break the sell wall which is concentrated at a low price. So though he was able to kick the price up form 1159 to 1225 (thats amazing!), he paid an average price on the low side. Then look at the reaction of the market. They brought the price up higher, fooled by the trap. Just as fontas says and even draws a picture of one of his pumps on BTC-e. The same thing happened here on gox to bitcoin itself. Look like this guy sold off most of the BTC for a higher price... Lets say he make the buy order paying a mean of 1175 bringing the price up to 1220. Notice that is exactly where he sold at. But in the time fram between the pump and the dumo, the market brought its buy wall higher. The ne result is he buys 3000 BTC @$1175 and he sells 2700 BTC @$1208 mean. So thats Buy cost: 3000*1160 = $3480000 Sell return: 2700*1210 = 3267000 Net cost: $213,000 and gain of 300 BTC. Thats a bitcoin discount. If the order book looks perfect, it is more than plausible to profit immensely by letting the market carry up the moving averge this way. https://i.imgur.com/RpuwrgJ.png Title: Re: Fontas - will he kill crypto-currencies? Post by: CoinBuzz on December 05, 2013, 07:27:00 AM of course not.
Title: Re: Fontas - will he kill crypto-currencies? Post by: Walter Rothbard on December 05, 2013, 03:57:43 PM Rewording the question a little bit: Are crypto-currencies so fragile that a single person can destroy them? I thought about this overnight, and I decided, yes, cryptocurrencies are this fragile, and fontas will destroy them, so you should all sell what you have immediately. Just a helpful tip. Title: Re: Fontas - will he kill crypto-currencies? Post by: VforVictory on December 05, 2013, 04:03:38 PM Fontas is a myth; told by parents to scare their children from entering the market.
Title: Re: Fontas - will he kill crypto-currencies? Post by: niothor on December 05, 2013, 04:06:21 PM A fool is born every minute. Yup.Just be glad you are not one and be on your merry way. The majority of bitcoin traders have not even HEARD of Fontas and if they did, would be unconcerned. He is just another dude trying to make bank in a sea of dudes trying to make bank. He has found a way to make money. If people lose money, they have learned a lesson. Some lessons are very expensive to learn. Like college in America, you learn enough to get a degree and it costs $40,000 a year at a private university. Some would say you have also learned the lesson not to get into tons of debt, as well as the lesson not to buy into bubbles at the top (in this case, the higher education bubble.) Well with Fontas, a foolish individual might pay BTC120 and learn enough to not pay BTC120 into pump schemes. An expensive lesson, but a lesson well-learned. I came in the thread wondering who the Hell this guy was. I was hoping he was some kind of cheese-maker... Could we maybe turn this into a fontina porn thread? http://www.naturaosta.it/images/fontina.jpg From wondering who Fontas is , I ended up wondering what the hell this might be? Title: Re: Fontas - will he kill crypto-currencies? Post by: Walking Glitch on December 06, 2013, 02:56:19 PM Fontas is a myth; told by parents to scare their children from entering the market. Lol Back in my day we used to see him in the trollbox constantly. Title: Re: Fontas - will he kill crypto-currencies? Post by: Speaker on December 06, 2013, 02:57:32 PM His twitter is closed and he got arrested.
Title: Re: Fontas - will he kill crypto-currencies? Post by: CryptoBeggar on December 06, 2013, 03:05:39 PM I heard he might not even be among us anymore... He played high, risked big, ended like that... :-\
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