Almost at AYH. Hopefully I'm wrong with my comment above. I'd still like shitcoins 40% lower though because they are shit hahaha.

Hmm, Bitcoin stopped appreciating in price, shitcoins going stupid nuts. This often means a correction in the entire market is coming.

Bitcoin 20% correction (shitcoins will probably be 40%) before bouncing to go on and break the ATH??

Get ready to buy the dip.

That's not news though. The fact we are Bitcoiners means that we are degenerates. You know the drugs, money laundering, the scams, assassins, etc. All that stuff the media and others say we do.

Not only are we degenerates, we are evil, born in the pits of hell probably.

At least we aren't poor though 

Meh, I'm still not excited like I was in end 2013 and end 2017, I'm more like end of year 2016. The feeling is "Yeah the price is good, but, we still have a long way to go."

I'm thinking near 100k is when I'll start feeling like the 2013 and 2017 joys have returned. Until then, congratulations to everyone who held through the well known Bitcoin bear cycle for their first time, as well as those on their second, or even third.

I feel for those who panic sold and did not rebuy. And I truly feel for those who had to sell in this years economic upheaval. Just know though, that it is never to late. Bitcoin is not (in my mind) a speculative asset, but rather a place to put your very long-term savings.

17K Yay!

Na the BSB-GLobal platform itself is a scam, there are warnings all over the net. This "trader" works for the scammers who own the platform it can be manipulated anyway they like, so inspect element wasn't used, he literally changed the open trades entry price, that way the account balance and everything else changed too.

What amazes from the whole experience is that my friend took almost a month before he decided to fully agree with the massive weight of evidence that indicated a scam. However, he had already handed over some money, so I guess there is some bias involved in that

What's that saying around these parts "Don't trust, verify".

Just to finish off this thread. My friends friend made a live video with this so called trader. He had the trader on speaker phone and was recording his screen with another camera. The idea was to prove that the trader was legit by showing some live trades, but, it actually showed how the scam worked. Very basic rundown is as follows:

1. Trader opened 2 long positions through the BSB-Global platform. I can confirm that the trades were live and the data was real price data.
2. Once trades were open, the trader said that they'll close out in less then an hour. So they should close the platform and come back then.
3. After sometime (no longer than an hour) they came back to close the positions and according to the BSB-Global platform both trades made a profit.

So everything seemed legit, wow this guy is awesome. But no, when you note the price of both trades entry positions, and then their exit positions, he should have made a loss on both trades. The platform definitely showed a profit though. What happened is that in between the open and close of the trade, when the platform was shutdown, the trader went into the backend and changed the entry price lower so that the trades showed a profit instead of a loss (not on video of course, but obvious), lol. It was completely missed by the guy doing the video. I guess that's what happens when you are blinded by profits.

So that's how the scam is done, all the entry positions are simply altered so that >90% of trades are winners. The returns page looks great, but of course there is no money actually there. That money is going through all those Bitcoin addresses above.

 

Probably more effective then saying you lost it in a boating accident.

Perhaps, Mindrust didn't sell his stash either.

Thanks for the replies everyone, the input is appreciated.


He has had contact with this trader over the phone only. He was referred to the trader by someone he knows through his work. This someone seems to have been conned too, so I doubt he is in on it.

I suspect the scammers are playing the long game. I've seen investigative journalists pieces on this type of thing before, the scammers extort thousands over a number of months or even years. Same as those foreign girlfriend scams for lonely guys, lasts years and they keep getting money out of them.

Anyway, I'll see how it goes from this point. My friend is going to try to see if he can get some money back from him, I don't like his chances though. But hey, maybe I'm mistaken and somehow despite the scam broker and odd Bitcoin transactions he is actually legit. Doubt it though.

 

Thanks nutildah. Very Interesting. So here's why I'm asking.

Several weeks ago a friend said he sent some money to someone to trade for him. Said that he wins 90% of the trades, and is only in them for a few seconds. He also sent me a screenshot of some of the trades. The trades were in the FOREX market, I tried to verify them, couldn't do it. There were no moves in the market at the time that these trades were made that showed the profit on the screenshot. This "trader" also trades at a broker called BSB-Global, which according to the net and UK's regulator FCA is an unlicensed scam exchange.

Of course I called bullshit and told my friend this was most likely a scam. Anyway, today he sends me a message saying that he is a bit suspicious of this trader. After a bit of back and forth I got some information out. Firstly, to send the money to this trader, my friend allowed the trader to remote in to his laptop to make a transfer to the traders account (crazy, I know). Well the reason my friend had to let the trader do it for him via a remote connection is that the trader wanted the funds via Bitcoin and my friend has no idea about how to use Bitcoin. They used crypto.com to purchase the Bitcoins and then the the trader transferred from crypto.com to his wallet. Below is the traders address. The first transaction (e890282829e4b586596edd623e0efa9f3a8b0d277e50332e918bb5c8d850e981) is my friends funds.

https://www.blockchain.com/btc/address/1BFXgGZU5kNn9G5EXH8h4oZ5KKFStaRy9H

So following the funds it goes to this address

https://www.blockchain.com/btc/address/3H19hesgsQrB4YpR68EJgSZAiH6U8pbTWe

and then you can see his funds being moved to the address in my original post here

https://www.blockchain.com/btc/tx/8f9308a2a07a178b300af9e26431fe5377248ffc87738740aeab8e29331cec41

The 3H19hesgsQrB4YpR68EJgSZAiH6U8pbTWe address seems like an interesting one. lots of outputs go to exchange accounts or Bitcoin on/off ramps. Is this a trader, or his organisation, sending the coins to an exchange to trade? or perhaps to cash out?

Do you or anyone else have an opinion on that?

P.S how in the hell did I not know about walletexplorer.com great site.

I'm wondering if anyone here can confirm that this address is a tumbler. According to the below url this is either a tumbler or some kind of exchange address

https://www.bitcoinabuse.com/reports/1L1xSXttdsBAPVjVfyoyCg3RZbdHinT5G5

Thanks

+1

Yep. It doesn't matter who wins, but what does matter is that it is 100% fair and honest and that every voter has confidence that it is 100% fair and honest.

The democrats celebrating this victory are fools. The republicans control the senate and out of revenge (either real or perceived, due to a mistrustful election process) could very well scuttle any of the administrations plans to improve the country with good policy. Then next election comes around and the repubs win, but perhaps the dems get the senate, so they take revenge on the repubs by not passing any good policy measures, because the repubs did it to them.

Not good, and the solution to this ever long stalemate will be more dictatorial powers to the president so he can get something done during his 4 years (be it good or bad).

So long story short, buy BTC.

I don't know if you've sold yet, but if not how about instead of selling a chunk of BTC to fund Rick, you just sell an amount equivalent to his wage on a weekly, fortnightly, or monthly basis.

This is the best thing to do if you believe that long term BTC is going to the moon.

Hell you could just get him one of those BTC linked debit cards.

Looks like Wisconsin and Michigan will go to Biden. Nevada to close to tell and likely that Trump gets Georgia, North Carolina, and Pennsylvania. This would give Biden just enough to win.

Looks like there will be lots of legal battles though, and recounts.

Of course Bitcoin doesn't give a fuck either way. Because, we all know that it doesn't matter which team wins, the destruction of the monetary system has been baked in for decades now.

No matter the result go long BTC, always go long BTC.

I was reading zerohedge in those days and I remember when you made your first purchase and mentioned it in the comment section (I just can't remember the date). I also remember there was someone in the comments sending free BTC to those who were interested in it. pretty much everyone bagged the shit out of him, but, I'm pretty sure you took the person up on that offer, and then later made your own purchase.

Zerohedge comment section was the first place I heard about BTC myself, that was early 2013 and then when the Cyprus thing happened zerohedge had it's first (to my memory anyway) article about BTC (in a negative light mind you).

You're just joking right? Because the numbers are like that due to it being a log chart.

Buying and selling bitcoin is a zero sum game. If all the grannies buy into bitcoin now prices go up 30x from here and many of those grannies sell out. How in the hell does Paypal fund that, they have to hedge unless they want to run the risk of losing shit tons of cash, and the lowest cost way to hedge is buy buying physical bitcoin.

It is definitely odd that they won't have deposits/withdraws, but maybe that is actually on their plans ahead. Or maybe they don't think their customers are interested in withdrawing. Thinking more conspiracy wise, they could be in bed with the establishment and this is the plan to tame the FOMO, have everyone buy through Paypal rather than bid price up on exchange. Paypal holds no coins and never intends to and in the event that they can't surpress price, and people cash out for major fiat profits, the CB covers their losses.

I don't think there are any other alternatives because if it is some masterplan and someone doesn't cover their losses, they would end up suffering major losses when people convert to fiat and they have no hedge.

Seriously, is it likely that Paypal is a fractional reserve operation and management are willing to take the risk to expose this so they can make some fees of bitcoin?

And how are the hedging their position? if BTC goes to 100k and all the grannies withdraw their funds, Paypal suffers a major loss (just as mt gox did).