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Looks like AeroME is heading to 1 k floor.
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Support on Bitfinex is only growing despite those big sells... Do we have a bullwhale here?  It's probably fake buy support, like always on Finex. |
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Notice those Finex buywalls are fake , down we go.
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Itīs official. http://www.chinatimes.com/realtimenews/20150208002335-260410Google translate:: "Hong Kong, " Wen Wei Po" reported bitcoin (bitcoin) again to Hong Kong investors ' loss of hand bad feet " : Hong Kong, a Bitcoin payment platform has suddenly closed down , estimated at nearly 3000 Bitcoin investors may lose everything at any time . It is understood that when a group of Hong Kong investors in Bitcoin trading platform related office visits , found that have been left vacant , suspected of fraud and pyramid selling , the estimated total amount of all " victims ' losses at any time up to three billion Hong Kong dollars . Today they will collectively Police...." Thanks to Jorge for breaking the news. Wait until this hits the news worldwide on monday, which will probably trigger the crash to sub 100. We would go there anyways, but a good news story will probably add more momentum and preserves us from more failed pumps and boring sideways action before the crash. So why aren't the Chinese exchanges dumping like crazy? 3 billion yuan = 2.17 million btc at the current price. 3000 investors means the average investor had 725 btc each  For a start the Chinese do not wake up until four or five hours from now. I'm also waiting to read an English version of the story because Google translated versions aren't exactly reliable. We might see a huge flash crash when they wake up. |
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I get a warning on site
NET::ERR_CERT_AUTHORITY_INVALID
Looks like windows blocks it.
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The PBOC was real patient with Bitcoiners in the last months. But after this last event where honest chinese got scammed for millions by mycoin.hk i guess they wonīt have any other chance than totally banning Bitcoin . I will send them an e-mail with my conerns about an eventually upcoming riot in the street by chinese people who got bitscammed, just to make sure that they are prepared. This madness has to stop. If you have knowledge about other events where chinamen got scammed by Bitcoin feel free to write them: webbox@pbc.gov.cnThis will probably lead to more government regulation. |
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...
It's a Ponzi involving some kind of mining contract. The scammer said they would pay 0.64BTC of interest per day for every 90BTC investment.
By the way, they claim 3 billion HKD, not CNY. But this 3 billion HKD is pulled out of their ass. Only 30 victims seek help and they claims loss of 1 million HKD on average. The legislative councillor speculates that there are 3000 victims and ALL OF THEM lost 1 million HKD. That's how the 3 billion HKD calculated.
TL;DR: Bitcoin scam not as successful as the article suggests. Bullish! Lots of growth potential for Bitcoin ponzi scheme's. |
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"Mycoin.hk", a bitcoin thing in Hong Kong, apparenly closed without warning and owners disappeared with all clients coins. Losses seem to be about 3 billion yuan, or 500 million USD -- on the same level as the MtGOX collapse. The nature of mycoin.hk's business was not clear. It apparently involved mining, and perhaps some Ponzi-like scheme. I could not tell whether it also worked as a live exchange. Article in Chinese: http://hk.apple.nextmedia.com/news/art/20150208/19034053Google translation: WASHINGTON virtual currency Bitcoin (Bitcoin) once touted, Hong Kong discovered bust incident involving three billion yuan. Legislative Councillor Leung Yiu-chung received nearly ten investors in Bitcoin for help, said the suspect was a bit currency trading scams and storage platform, the largest loss of over $ 10 million estimate amounted to 30 the number of people affected, involving an amount or up to three billion yuan, victims today collective police. [
] Bullish? Sub 200 incoming, china is going to give a massive dump in the coming days if the news are true. Probably double digits. |
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no pump and no dump on weekend?
It is starting to get too boring
We need some good China flash crashes. |
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Looks like we hold the 4k floor, thats incredibly impressive!
And it's gone. 5.66 btc is keeping it from 12 satoshi. |
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Looks like it will fade back to 220/230.
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Looks like the fake buy walls are back at finex.
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Looks like short pump and dump
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Still no sub 200  probably by monday then , coinbase fake pump n dump news will do a lot damage  |
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YES PRICE DOES NOT MATTER
Ok, lets crash to sub 25 dollar. |
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Just like i said China wake up flash crash sub 200 today  |
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Must be a funny dump when China wakes up.
What are you smoking? China dumped with the rest of them. They're not done dumping, think sub 200 tomorrow afternoon. |
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