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1201  Other / Beginners & Help / Re: Friendly note: You might want to be careful of the so-called arbitrage trading on: September 10, 2023, 11:26:17 PM
It is truly possible that the exchanges are also doing that on their own, IIRC, there has been some exchanges that has been sued because of what they do but unsure if it was arbitrage and they're going against their own users. We don't know what plays behind these exchanges but one thing there is for sure that they're also taking advantage of some of their own features and also the market situation. Whilst for the individual traders, it is true that this has always been asked as if it is an easy thing to be made. They see it from people sharing it on how they're gaining profits through arbitrage but they never show the possibility that they can also lose. I didn't know that when a user does this, this can trigger the potential closure of account. Much better to read first what's written on the TOS so that every trader is going to be aware of what are the do's and don'ts of exchanges that you use. Because if that's one of the reasons of some problems that users deal with, they are aware of this strategy that's been done for many years as it's already been there.
1202  Economy / Scam Accusations / Re: Stake false tranaction not found on: September 09, 2023, 12:19:59 PM
Iam and tired of this joke and support replies

Doesn't help at all
It's because none is a member of the stake team so everybody is just giving you some thoughts and opinions on how and what probably has and could happened. IMHO, this is all about the polygon network. I've used it a few days ago and I thought that it's the fastest but it wasn't as per my experience. As said by one of the staff to you, they can't handle it anymore as it's already out of their scope and the withdrawal has been made already and provided you with the hash during the first time you've approached them.

Well, there's the tip from the polygonscan if the transaction still doesn't show after an hour, go back where the transaction came from and ask them again. Maybe, this time it's on them and they can do something about it. Aside from that, there are also other tips from the scan.

Quote from: polygonscan.com
1) If you have just submitted a transaction please wait for at least 30 seconds before refreshing this page.
2) It could still be in the TX Pool of a different node, waiting to be broadcasted.
3) When the network is busy it can take a while for your transaction to propagate through the network and for us to index it.
4) If it still does not show up after 1 hour, please check with your sender/exchange/wallet/transaction provider for additional information.


0x89e88bbc01f5bbe347739b797b960b1b5df4922c86ccb09bcb212322eaf22ac3,
For this one, it says that:

This transaction has been included into Block No #47328329 and will be reflected in a shortwhile



While for this one;

0x3b9c24a3b489deba2dbe1cecbe5ef6301a4e276194ed9df6621c412f67758b06


Hash

Since hour ago

Nothing is being shown.

Sorry, We are unable to locate this TxnHash
1203  Economy / Exchanges / Re: Hong kong x Bitcoin on: September 09, 2023, 09:32:12 AM
The UI itself is quite okay, other than a lack of interest from the targeted market or lack of marketing/competitiveness, I don't see other reasons why the exchange would fail. Kinda reminds me of one exchange I followed in the past. They spent a ton of money buying ad slots on La Liga, then went bankrupt just a few months later.
It's hard to compete even if they're going to solely focus with their locals. Despite the good news about them as part of recovery plan to be cool with cryptos, bitcoin and things related to it. That doesn't ring a bell for now, maybe the impact will be just good as possible in the next several months to years but looking at it now is an expected result. Although they have an advantage for being the first exchange in Hong Kong to be granted with a license to operate as an exchange. I also see that they're not just an exchange but also got some other service to offer based on their website: https://group.hashkey.com/en/
Honestly, they need to focus first gaining popularity as an exchange and then had a side way from those services that they offer. Because once they gain the popularity as an exchange, they're easily recognized and partnerships will just come eventually to them. Well, it's truly a tough market for them to compete based on the market's status now. Maybe trying some test run of marketing ad campaigns and competitions could help them be recognized.
1204  Other / Beginners & Help / Re: My decision on bitcoin on: September 08, 2023, 05:42:04 PM
I recently created a post asking if I should buy bitcoin now or wait for the dip, and majority of the response I got from the post, advised that I should buy now rather than waiting for the dip due to its volatile nature, and I'm satisfied with this response and I'm willing to bear the risk.
Reason for all these questioning, I have a dream of becoming a long term bitcoin holder but, dreams aren't achieved with words alone, an action is needed for the start up, so I have decided to sell one of my less used phone for the purpose of buying bitcoin.
I'm really eager to purchase my first bitcoin in satoshi.
That's right that if you're not going to do something right now then how would that dream of yours will be met? I'd like to congratulate you with that decision and by taking an action after asking such questions. Because many of those that have asked the same questions didn't even followed up on what they have decided to do. And by selling that used phone of yours, whether it is less used or not as long as the fact that it's already been in your turf for quite a while, it's already a second hand phone. But that's not what matters, what matters now is that you're about to take risk and it's likely that you've made your research to on how much you're willing to spend for having your very first satoshis. Remember that after the purchase, it's just the start of your journey and this is truly going to be a long ride for you just as we, so just enjoy it and never get discouraged when you're seeing the price dropping fast.
1205  Economy / Service Discussion / Re: Overview of Bitcointalk Signature-Ad Campaigns [Last update: 03-Sep-23] on: September 08, 2023, 03:22:13 PM
Nitrobetting  signature campaign can be moved to CFNP



COINS.GAME signature campaign can be moved to CFNP
Not yet for both of these campaigns, they'll stay on the PNYC despite being full until the first week's payment is made.



Bitsar has already paid its first week and it has 3 open slots for any rank that the manager wishes to accept.

We have 3 open spots and funds have been confirmed for the next week. Post applications below.



Moneypot is now full as its title changed to CFNP.


1206  Economy / Speculation / Re: Will ETFs pump BTC to $100k soon? on: September 07, 2023, 01:17:26 PM
Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term?
I guess so, we can just take a look back on 2021 where many institutions have jumped to the bandwagon of Bitcoin and that's likely to repeat. And for the long term effect of it is like we're going to have a new all time low. Yes, new lower price which seems to be higher than the bottom that we've seen.

Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?
I hope so. It was like the prediction on 2021 but it didn't happened way back then. So, with another push and some reasons and force to push the price of Bitcoin higher and that's going to be likely that we'll see Bitcoin once again reaches another ATH and for the first time of hitting a 6 digits price.

1207  Economy / Scam Accusations / Re: [hacked wallet] how is this even possible on: September 07, 2023, 10:27:00 AM
Revisit the activities that you've made for the past several months and this hacker is likely just waiting for the victims to do deposits and start sweeping it. It's best to just abandon that wallet of yours and never do any deposits again there and just leave it for good. If it's not the private keys of yours was compromised then for sure that there were like some websites that you've voluntarily approved and got tricked by the hacker to connect your wallet on it. Check yourself, browsing histories, downloaded files, etc.
1208  Economy / Scam Accusations / Re: Bitmex is being stupid on: September 07, 2023, 08:49:38 AM
No, there's no violation.
If there are, it's better if they explain it.
There could only be a few reasons why your account has been closed by them. It's either related to your orders as considered Spam Order/Account. That's one and another one could be the area of restriction. Honestly, I'm also curious as to why they've closed your account without giving you any reasons. Maybe they're going to remain intact and won't disclose a reason why you've been closed suddenly. Keep on emailing and contacting them through their various channels to alert them if you still have some money left there.
1209  Economy / Gambling / Re: ✅ 0✘BET | Casino & Sportsbook | NO KYC ' Fast Payouts! 🎲⚽ on: September 06, 2023, 11:34:55 PM
I know that these folks are also patient as me. Speaking with my experience, 0x.bet has been active in exchanging emails with me about the update of my withdrawal. They've got some instructions given to me for which I can say that it was my fault for not completing those details upon registration. They're very active in giving the best support for their customers and have been sending updates from time to time about the withdrawal and I really appreciate that. They might not that active on this thread but sure with their other communication channel like email and chat support, they're very active there and all is good with my withdrawal requests. Should someone is dealing with some problems whether it's with deposits/withdrawal or any other concerns, email or chat them because they're quicker there.
Thanks for understanding. We just announced our project here on the form and faced a significant number of registrations and a large number of support requests. So please don't get mad if some requests take longer than usual to get answered.
No problem as I was also cooperative with you guys as I have understood the situation. That's needed for each user so that the process will be easier. More patience and understanding should be there as you cater a lot of customers concern daily and everything will be fine.

By the way, I just replied to you in a PM (your withdrawal should have been processed a few days ago).
Yes, everything was already processed. Thank you.  Smiley
1210  Economy / Currency exchange / Re: I want to exchange 5000-11000 dollars in bitcoins to usdt. where can i do it? on: September 06, 2023, 10:02:24 PM
I am not sure why this sounds bit odd for me. But you probably haven't heard that Binance has got their office there, and they're the first exchange to receive a license from the government there.

It is true that Binance has a 'Preparatory MVP' crypto license in Dubai, but after the bankruptcy of FTX, things changed a bit and the authorities became more stringent[1], just as if you do not have a bank account in a Gulf bank, you have no choice than P2P.
It is true that trading may not sound familiar, but it is good for those who do not want a lot of legal complications or why this money was transferred from your account. The shortest and best solution is ----> https://www.rain.com/


[1] https://www.bloomberg.com/news/articles/2023-04-05/dubai-asks-binance-other-crypto-license-applicants-for-more-information#xj4y7vzkg
Oh, so that's possible after taking some approval and even got the first license. It should have been called like the first step/phase of owning a license there for exchanges. I guess Dubai is just being too careful on this one and wanting to make sure that their citizens will be in Binance's hand so they're taking more security measures and steps for asking more from Binance. And rain seems to be really the best as per checking it, hopefully OP could give some feed back.
1211  Bitcoin / Bitcoin Discussion / Re: Bitcoin mempool reaches 600K transactions on: September 06, 2023, 05:21:33 PM
Although I prefer the mempool priced around 4-6 sats/vB, I'm also happy being patient if not urgent, like most network users it seems.
I also prefer that but most likely happy to see if it will be back to 1 sat/byte. I was able to do a transaction back then and I was 1 sat/vb short with the fee that I've paid and it took a very long time before it was able to get confirmed by a miner. That sucks and I don't want that to happen again to me. Currently, the fees have gone up to 16 sat/vb - 23 sat/vb and this is quite high already and likely that it won't be back a bit anymore. If your transactions are urgent and needed to be done and needs confirmation as soon as possible, pay the priority fee if you don't want headache.
This is one of the imperfections of the Bitcoin network, we should continue to bear. I believe if there is a thing that could be done, it would have been done since, and as LoyceV mentioned in an earlier reply on the OP, there's is nothing to be done, and there's nothing as scary and helpless as that.

Well, this is still manageable as the highest I'd seen since this drama started again was 16sats/vb. If it's still within this limit or a bit higher, we can still continue to manage it.
Yes, nothing to worry about especially those that don't rush their transactions and still not that much for those that are rushing with their transactions. I just can't remember how high it was during the hype of Bitcoin Ordinals, maybe more than 100 sats/vb was it, right or not?

But this is another proof of the selfishness of the miners, they will always be in for the money not the welfare of the system. It's business as usual for a human being if there are no rules or programmed restrictions to counter their selfish desire.
I don't know if they're selfish on that, it is the network that depicts the amount of the fee and they're there actually for the fee as they won't operate without any incentive or reward as it costs them the hardware and the cost of operation.

If it could be like this when the price of Bitcoin is still low, I wonder what the fees would be when activity increases next year and Bitcoin price is also higher.
During the 2021, IIRC, the fees weren't that much but hopefully it won't be as crazy as 2017.
1212  Bitcoin / Bitcoin Discussion / Re: HALVING IS GOING TO CAUSE A GENERAL EFFECT ON ALL IN THE ECOSYSTEM. on: September 06, 2023, 03:14:40 PM
First, we're all aware miners and not that halving causes their rewards to be halved or cut in half in other terms. Those that have experienced the other halving will continue to run their miners as long as it is sustainable as they'll get their expenses paid through what they mine.
If it turns out that it's no longer happening, they have an option to upgrade or just simply shut down the miners they're running. Basically, what everyone has said here is right and it's up to you on how you're going to extract all of them and how you're going to summarize the actual thing. But anyway, it's always about the adoption of the situation and no matter how many times halving we go through, there will always be those miners that will keep going on.
1213  Economy / Economics / Re: To afford personal education or a property? Where to allocate funds? on: September 05, 2023, 11:25:40 PM
Let's suppose you have a limited budget which can be used only for one of the alternatives below:

What is the best investment, in your opinion? To use this money to pay for your education, so you can conclude a superior course and achieve a higher degree, having access to a wide jobs' market, or to use that money to acquire an apartment, house or piece of land, so you can make a passive income from this?
A very tricky situation and question but if it's just me, considering the situation of the world where everything is becoming competitive. As much as I want to purchase the real estate and make an apartment out of it and because every year it appreciates, I'll still choose education.
Going with the first reason, the job market has been so competitive and that's why education and degree is what many companies are going to be impressed and get you an interview. But if we're going to talk about reality, if I can take and choose both I'd take them without any hesitation and I'll look for ways to pursue education while building that apartment now because sooner or later, the materials are going to be more expensive and the same goes with the labor and contracts, so all the cost will be more than next year than of today.

It brings the following question up: what is more valued in life: to be or to have?
To have, what you want to be is still not in your hands so whatever you have is what you need to take care of.

Does it make someone fulfilled to have while not being or being without having anything?
Looking at those experienced people, it seem to be a fulfilling thing when achieving something is what they prioritize. So, yes.
1214  Bitcoin / Bitcoin Discussion / Re: Bitcoin mempool reaches 600K transactions on: September 05, 2023, 07:40:01 PM
That does look good as it indicates that there are more transactions and demand is increasing.

Although I prefer the mempool priced around 4-6 sats/vB, I'm also happy being patient if not urgent, like most network users it seems.
I also prefer that but most likely happy to see if it will be back to 1 sat/byte. I was able to do a transaction back then and I was 1 sat/vb short with the fee that I've paid and it took a very long time before it was able to get confirmed by a miner. That sucks and I don't want that to happen again to me. Currently, the fees have gone up to 16 sat/vb - 23 sat/vb and this is quite high already and likely that it won't be back a bit anymore. If your transactions are urgent and needed to be done and needs confirmation as soon as possible, pay the priority fee if you don't want headache.
1215  Economy / Gambling / Re: ✅ 0✘BET | Casino & Sportsbook | NO KYC ' Fast Payouts! 🎲⚽ on: September 05, 2023, 01:26:01 PM
Other 24 hours have passed since you posted this and I hope you got paid.
I would appreciate if you could update us here because holding a such small amount ( if you run a gambling business these are less than peanuts) for already two days would really raise a red flag in my opinion. Also would be useful if you could post some screenshots or other evidences of what is going on.
I know that these folks are also patient as me. Speaking with my experience, 0x.bet has been active in exchanging emails with me about the update of my withdrawal. They've got some instructions given to me for which I can say that it was my fault for not completing those details upon registration. They're very active in giving the best support for their customers and have been sending updates from time to time about the withdrawal and I really appreciate that. They might not that active on this thread but sure with their other communication channel like email and chat support, they're very active there and all is good with my withdrawal requests. Should someone is dealing with some problems whether it's with deposits/withdrawal or any other concerns, email or chat them because they're quicker there.
1216  Economy / Currency exchange / Re: I want to exchange 5000-11000 dollars in bitcoins to usdt. where can i do it? on: September 05, 2023, 11:15:05 AM
I am not sure why this sounds bit odd for me. But you probably haven't heard that Binance has got their office there, and they're the first exchange to receive a license from the government there. Anyway, you'll be required to have some verification though and if that's what you're trying to avoid, might try the suggestions above. And it seems like you like a meet up trade but I don't think that many are going to like that setup if you can do that online, and for their personal reasons like safety although Dubai don't have that much of a problem AFAIK.
1217  Economy / Gambling discussion / Re: Five Ways Bitcoin is Changing the Sports Betting Game on: September 04, 2023, 11:57:09 PM
There is no doubt that withdrawing in Bitcoin than fiat is much faster than transactions that are being done through fiat or direct to the bank. As much as possible, avoid transacting from your casino account to your bank account and vice versa. There are rules in the banks that they might have changed without prior notice like knowing where's the source of your withdrawal. You don't want another headache on it, when they've traced the transaction and it tends out that it came from a casino or from gambling source. Suddenly, you might be questioned or even suspected that you're doing money laundering since there were cases that casinos were used to launder money and that's what you're trying to avoid. Because if that happens, you'll be asked to comply with possible various documents that you may even not be able to provide.
1218  Bitcoin / Bitcoin Discussion / Re: Prime Trust's bankruptcy due to forgotten seed/private key on: September 04, 2023, 10:51:30 PM
In the famous words of the Sith Lord: Good, good!
Less bitcoins on the market.

They've got tons of customers and money on their custody and they just lost it. Maybe a planned exit? or just truly negligence of its owners.

That's the sad part. I bet these people had no idea what they were buying. They watched CNBC for a while and googled how to get bitcoin easy without a risk of being hacked or scammed... so they got someone who could do it for them and... that's how they got scammed.

Yes, I think that it was a scam. There's no way someone would start a bitcoin company without knowing how to create backups.
That said, Karpeles changed Magic the Gathering card trading site into a bitcoin exchange and scammed everyone, so shit sure happens in this industry.
Sad for those people that didn't do their due diligence that they can do what PT can do for them. Just a filling of Chapter then everything's gone, good and goodbye.

This is too bullshit reason to file bankruptcy for their losses since they are custodial company which ironic to lost their keys while their service is safely manage invetors funds.  Losing private key is the most convenient reason to file loss on crypto since it’s very to prove that you are lying unless polygraph test is admissible in court.

This is an exit plan and probably this coin will sleep in there for a long time untile the issue cool down while solving everything using the bankruptcy funds.
Hard to believe, right? They thought that many people would buy on their alibi. But, we're not part of those people but only their customers. When they filed for that, for sure that these poor victims won't have a way to contest that if this chapter 11 has been filed. And you're right, when the bull run comes, their coins is gonna be like an awakened dragon ready to get transferred and won't have any trace from whom to whom.

They misused their customers' funds and experimented with different coins. By investing in TerraUSD they lost their customers' $6 million dollars funds Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says so they misused their customers' funds as they wished and eventually declared themselves bankrupt!

The fact that who was running such a big company would make the mistake of forgetting the private key is the biggest surprise, it doesn't seem believable to a common man like me. It's actually a story they made up. Due to their one wrong decision after another the company has gone into losses and now they have come up with this story so that they don't have to return the remaining funds to the customers. This incident brings yet another warning to crypto users about how important it is to keep funds to yourself, because Not Your Keys, Not Your Coins.
The reasons were combined, misused, mismanagement and with that reason of losing the password. They can think of any other reasons that they can but their clients were the pity ones on this case.

At first, I was just looking at this thread with no clue as to what the company was really about, as this is the second time I've come across this name, if I'm not mistaken. I was thinking it was some kind of company that is based on helping users keep their wallet phrases and private keys safe, and I almost said there should be little to nothing to worry about here since users can still reclaim their funds if they have the access at their end intact. But this is not the case, and all funds in custody are in their hands.

But what the heck is wrong with some institutions, like exchanges, where customers will trust you with their funds security as if that's not enough, and you as an exchange will take these funds and entrust them with other bodies that you see as more professional bodies to manage those funds? What's the stress of creating a multi-signature wallet and taking security upon yourself by knowing what responsibilities you have to play to make sure that customers funds are secured?

But let me ask a question because this still seems unclear to me: were there some kind of benefits that depositors get by giving out their holdings for prime trust to hold, or are they still the ones to be charged for prime trust security charges? I'm just wondering what will happen to the faith of Coinsbit customers who have their funds stored with the exchange if this escalates more than this and it appears that there is no coming back of those lost funds.

Another good incident to remind the public that “Not your key, not your coin”...
They're like fund managers AFAIK, they're the ones to manage the money of the depositors and it's up to them whether they're going to invest it somewhere elsewhere. So basically, they're like a bank but they're serving two sectors, the fiat and cryptos.

Another one bites the dust!!!  Grin

And they only have one task to do, that is to protect their customers. And if they really know that they have lost the seed/private key, then why not have a investigation? They simply declare bankruptcy right away? I will echo the same sentiments here, it's very clear that they messed up and they want to hid everything thru Chapter 11 and hide their incompetency.
True, there should be a process to it but it seems that they don't wanna hear any investigation so filing bankruptcy is the easiest way to go. If a complainant comes on and asks for an investigation for this one, much better to see.

It doesn't even matter if it's an exit scam or a legitimate screw up, it's a yet another precedent that crypto companies can lose your coins and you won't get back anything from them in court. Those people who want to be exposed to Bitcoin but not personally own it for some reason need to be ready to lose their investment in this way. So they should choose very-very carefully and not entrust their money to a startup that popped up yesterday. Better choose a company that has decades of positive reputation, though even that won't be a 100% insurance.
Yeah, that's the whole point when we're entrusting our funds into a centralized platform. Whether they're like Prime Trust that offers various services and connections to the real world or the typical exchanges that we have on this market. While with a more reputable company, just don't put still a 100% trust.

It might or might not be a lie. They can post the wallet and if it never moves then obviously they weren’t lying. If you think its bad, Ftx also stored private seeds for billions in an unencrypted text file over some cloud network.

There were other exchanges in the past that also lost money because their computer crashed and they lost the private key to customer funds. These days with hardware wallets this shouldn’t happen however. Especially since there are many ways like multi sig to keep funds safe.
With these companies that holds millions to billions of people's fund, I think they should have prioritize how to keep it properly with a proper back up. But on this case, it seems that it's not the whole point of it. There are many thoughts that are playing in our minds especially when people's money are involved.

It's an ironic, I mean that's just make people think there's no safe place to hold Bitcoin since centralized entity can bankrupt and losing seed phrase in non custodial wallet resulting losing all of our coins.

But for people who're already understand about Bitcoin, they know which one is better and centralized entity can't be trusted since it can't be verified. Maybe now Prime Trust's cold storage is still contain Bitcoins, but after next few months all the coins are moved and then they will give excuse if their wallet might be hacked.
Those people that are entrusting more the platforms that themselves, these people could have been staying here for so long but they're lazy to understand how to make their own wallets and keep it to themselves like the seeds or private keys. It doesn't need to go into this situation before someone has to learn it but that's it, others have to learn the hardest way.

I do not buy the "lost the Private keys" angle to this story, because a professional company will never be that negligent. Imagine someone losing the keys to a Bank vault....  Roll Eyes  I bet you, someone are going to "find" those Private keys when the bankruptcy are done and they are going to live in the lap of luxury on some island where they cannot be touched.  Roll Eyes

You will be amazed by the so-called "team" that are behind some of these custodial services... most of them are from the corrupt Banking services, where they were taught how to steal from people.  Angry
It is the thought of many have been thinking since it's a big financial company that has people's money and gets into the crypto space, they're aware of this scenario that if ever they lost the password, they'll never get it back. But the story if going to be connected with other reasons, it's sort of coming from being negligent while being allowed to use people's money resorting into this reason.

How can an establishment has a whopping $38 millon dollars worth of assets in a wallet and forgets to write down the seed phrase? It doesn't make sense, a crypto firm like this shouldn't make such a costly mistake. Individuals do make more than one back up and a crypto custodial company couldn't make a single backup, which is one of the first thing to do when creating a wallet. At some point, it did not occur to them that the wallet wasn't backed up, so that they could move the funds to a different wallet. Funds like that should have been in a multisig wallet where more than one person has access to. I don't believe this story, it is clearly an exit scam.
For knowledgeable people you and the others here, it is what we'll think first about a multisig wallet. Where there will be a couple of people that's been composed to be the trustee of these seed phrases. But it seems that not that much info about that.

Holy F, this is a big mistake from their side. How can they forget a private key if they are working as a Fund Manager for others? This is so sad and also wrong for the people who invested with them.
However, this should give a lesson to others who were willing to invest money under other's wallet and can simply invest in Crypto or any asset directly using their brain cells. Still, it's sadge.
It's like that it's not really a mistake on their end but it's more of like an excuse just as what others were saying on this thread. And only one thing that we're thinking of with this and that's like going into an exit through chapter 11.

This is complete nonsense, how could a crypto investment management company lose access to their wallet, this is truly an absurd reason. Even a non-tech savvy person can back up their passwords on their device, let alone a startup that manages millions of dollars in assets, there's no way they can lose access to that wallet. Surely this is an excuse made up by them, so that they can take away all the assets under management and hold them for a long period of time and then sell them later, the authorities should carry out an investigation into this startup.
If the right time comes and it's surprisingly seen that the funds have moved from their main address, then we know what it is.
1219  Economy / Economics / Re: What has really been behind china's economy on: September 04, 2023, 06:46:18 PM
I want you to think outside the box. Maybe they're able to maintain their status afloat even if it's known that the majority is suffering from the global crisis. But it's possible that even with the side motion of their economy, they're able to control what's going to come in and out with the media since their government is controlled by the CCP. So, data and numbers can be modified and they're only allowed to project what's good inside and outside the country.

For example: THE FALL OF EVERGRANDE: A CASE STUDY OF CHINA’S FINANCIAL TURMOIL IN 2022 AND THE IMPLICATION TO CHINA-BOUND INTERNATIONAL CAPITAL IN 2023 AND BEYOND

That incident surely have a big impact to their economy and probably they're tailoring it as if nothing is negatively happening to them and they're in control. But it can't also be denied that during the covid-19 pandemic height, they're able to spread their investments since majority of the stocks from that time were low. Well, go back to the first sentence of what I've said.

I can agree with you about the fact that, china would want to control whatever that is going out on the media space, but you can as well point out to the fact that, they have lots of companies owned by Chinese in other countries that are doing very well, in my country for instance, there are lot's of Chinese companies doing very well, for instance is EECC, a frontline construction giant in my country, that is just one out of a lot, some are also into oil and gas. So to large extent, this investments are generating a lot to the growth of their GDP,
Yes, there's no denying with those successful companies outside China that are doing well and contributes to China's GDP and growth. And for sure that they're also backed by the CCP and they have their share back to the mainland. But with all of the stuff that's going outside their country, if we're going to talk about things inside, there's a lot that could have been manipulated already when reported to the mass media.
Another incident are the following below, I wouldn't go into detail but there's something that's happening there that we'll never know.


Although that news was from last year, it's not that far and I'm still trying to look for some updates.
1220  Economy / Economics / Re: What has really been behind china's economy on: September 04, 2023, 05:01:59 PM
I want you to think outside the box. Maybe they're able to maintain their status afloat even if it's known that the majority is suffering from the global crisis. But it's possible that even with the side motion of their economy, they're able to control what's going to come in and out with the media since their government is controlled by the CCP. So, data and numbers can be modified and they're only allowed to project what's good inside and outside the country.

For example: THE FALL OF EVERGRANDE: A CASE STUDY OF CHINA’S FINANCIAL TURMOIL IN 2022 AND THE IMPLICATION TO CHINA-BOUND INTERNATIONAL CAPITAL IN 2023 AND BEYOND

That incident surely have a big impact to their economy and probably they're tailoring it as if nothing is negatively happening to them and they're in control. But it can't also be denied that during the covid-19 pandemic height, they're able to spread their investments since majority of the stocks from that time were low. Well, go back to the first sentence of what I've said.
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