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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.  We will go down to sub-200$ within a week because they planned on dumping more only to buy back cheaper and make a huge profit. Maybe  They, the early adopters, thiefs and scammers are already making huge profits by selling you their overpriced (>100$) coins. |
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well personally i don't think so.... we'll reach 170-180 another time but not under 100. there will be too much buy pressure.
It is far more likely that we will reach 180 than less than 100. Youīre pretty good at math! |
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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. [
] EDIT: See also the reddit thread. One comment in there claims that the report is incorrect. If this turns out to be true then China or the PBOC will probably ban Bitcoin in China once and forever. With all the chinese money disappearing Bitcoin will probably crash to ~50$ according to financial bitcoin experts.   【本報訊】虛擬貨幣比特幣（Bitcoin）一度熱炒，香港驚現涉及三十億元爆煲事件。立法會議員梁耀忠接獲近三十名比特幣投資者求助，稱疑被比特幣交易及儲存平台詐騙，最多損失逾千萬元，估計受影響人數達三千人，涉及金額或高達三十億元，苦主今日集體報警求助。 記者：胡仲邦 梁耀忠昨晚表示，接獲近三十名市民求助，指於比特幣交易平台Mycoin投資，近日未能套現或交易，部份苦主曾到該交易平台位於尖沙嘴的辦公室，但人去樓空，也未能聯絡公司負責人或職員。記者昨晚到Mycoin辦公室，發現大門已封，並貼有告示稱內部裝修，交易中心暫停開放。警方表示，網絡安全及科技罪案調查科暫未接獲相關報案，會密切留意事件。 「有人賣樓去炒」 據梁耀忠稱，求助市民平均損失百多萬元，個別人士損失逾千萬元，「有人借錢、甚至賣樓去炒」。苦主來自各行各業，年齡約三十至四十多歲，據梁了解，活躍於此平台買賣比特幣者達三千人，保守估計涉及款項高達三十億元，「隨時唔止呢個數，可能更多」。 其中一名苦主向梁耀忠稱，去年九月經朋友介紹，在該比特幣交易平台開戶，投資約一百三十萬元，但去年底平台顯示的比特幣價格明顯落後於市場，更不能套現和交易，亦無法聯絡負責人，懷疑受騙。 梁稱有苦主表示，於此平台投資比特幣初期的確「賺到錢」，之後公司游說加碼投資買入比特幣，不少人因此越買越多，金額越來越大。有苦主指約一個多月前，公司突然更改規則，禁止自由買賣，除非再加碼投資買入比特幣，近日該平台更沒有營運，梁懷疑事件或涉及欺詐和層壓式推銷，促警方調查。 在港澳兩地經營比特幣自動櫃員機的「比特通」行政總裁梁永熹知悉Mycoin事件，他指Mycoin的經營模式，與年前因被黑客偷走比特幣爆煲的純交易平台Mt.Gox有別。Mycoin曾稱與歐洲一間發掘比特幣公司合作，並會向用戶出售兩款一年期「掘礦合約」，分別要九十及三百六十枚比特幣。Mycoin每日會向持有合約的買家戶口發回比特幣，「一般三至四個月可以回本，之後就係淨賺。有會員投資兩百萬，最後可以拎番六、七百萬」。 「少少似層壓式」 梁說Mycoin會獎勵介紹新用戶的舊客，「有少少似層壓式」，亦較少出現本地比特幣組織的活動，他表示不理解此公司運作。據他所知，Mycoin未取得海關的金錢服務經營者牌照。 香港目前沒有法例直接監管比特幣等虛擬貨幣，當局曾多次指比特幣屬高度投機性商品，籲市民投資時加倍小心。
神聖的狗屎 |
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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. [
] EDIT: See also the reddit thread. One comment in there claims that the report is incorrect. If this turns out to be true then China or the PBOC will probably ban Bitcoin in China once and forever. With all the chinese money disappearing Bitcoin will probably crash to ~50$ according to financial bitcoin experts. |
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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? |
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pathetic dump attempt. will fail like the others.
A lot less coins brought it down to a similar level. Yep. Looks like sub 200 incoming. sub 200 is as far away as 250s Plz buy more of dem cheap coins. Guaranteed profit? Right? Or are you already out of money and holding the bag, like most of the bulls? |
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The fact that you still own LTC means that you also like to troll yourself. Fonzie, while I won't dispute the fact I am a devoted troll, I must request you refrain from talking smack about my sweet LTC chikun. I bought LTC when it back in 2012.... It has done well for me. I cashed out the whole way... sure, I wish I had cashed the rest at 50... but it's still ~1.70 so I'm happy. I'll hold. Doubt LTC will see 50 again, but why not find out? My precious chikun already funded starting my real world business and paid for my wife and I's dental work It has fullfilled it's obligations, it can go to crypto heaven now. It's ok. Fun fact: During my time at the trollbox my username was "LTCvictim" , so we might have met before. LTC RxIxP 2014 |
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The fact that you still own LTC means that you also like to troll yourself. |
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I have to break out my LTC cold wallet just to deposit enough there to troll! Unacceptable.
They should probably institute something similar to post here. Please donīt quote the trolls! |
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Is it just me, or is it getting expensive to troll on the BTC-E trollbox? Where are the good ol days of 4000 people typing "rise chikun rise" and "BTC TO THE MOON" ? I have to break out my LTC cold wallet just to deposit enough there to troll! Unacceptable. You can also troll in here, itīs free! |
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Oh god, so this means that when people receive BTC that have been used for child porn(or terrorism) in the past, could get real problems later, due to the record keeping blockchain?
See this post https://bitcointalk.org/index.php?topic=150803.msg9916541#msg9916541SLoK is the hated admin of the BFL forum, believed to live in the Netherlands. BFL victims identified his blockchain address and noted 11 payments from that address to the SilkRoad address. SLoK claims that he just sold the biotcoins that he mined to a buyer that he found through LocalBitcoins. SLoK claims that he was not aware that the address the buyer gave him was not the buyer's own, but was SilkRoads. Whether that story is true or not, it is an example of the risks of the "anonymous" ledger. Namely, it is "anonymous" when it shouldn't (when you need to know where you are sending the bitcoins to) and is not anonymous when it should (when others want to know what you have been buying). Interesting, thanks! |
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people who like to talk a lot about illegal things on the internet should be careful that it doesn't just 'appear' on their computers someday (with a knock at the door) ... things like that happen.
quoted People who treaten other people in the internet should be careful too  |
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I doubt that it will be another year of slow decline, from the way it looks, we seem to have hit bottom
Technically the only bottom is 0$. |
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Could flashcrash with no rebound on Gavincoin hardfork announcement.
Chances are 99%. Might stabilize around 5$ before it finally disappears. Black markets will probably adopt another (more anonymous) cryptocurrency then. |
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One of the many bitcoin paradoxes: If the amount of money dumped spent with merchants through Bitpay is insignificant, that means that very few people are using bitcoin to buy stuff that is not drugz or child pr0nz with bitcoin on the deep web -> there is no real "adoption". If that amount is significant, add that the the daily sell pressure on the price, as if demand is not low enough  checkmate |
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Hi everybody, my first trade would be:
Sell @ 227.56
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