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1  Alternate cryptocurrencies / Altcoin Discussion / China Censors Cryptocurrency Ads on Search Engines and Social Media on: February 05, 2018, 10:14:12 AM


Hong Kong-based media have reported that the country’s major search engines and social media networks do not appear to be presenting paid adverts for products or companies associated with bitcoin and other cryptocurrencies. Reports have alleged that the censorship of cryptocurrency ads may date back to the announcement that The People’s Bank of China (PBOC) would ban initial coin offerings (ICOs) during September 2017.

Chinese Online Media Platforms Ban Crypto Ads



A report published by Hong Kong-based media outlet, South China Morning Post, has alleged that leading Chinese search engines and social media platforms have stopped displaying sponsored posts and paid advertisements relating to cryptocurrencies.

The report states that keywords such as ‘bitcoin’, ‘cryptocurrency’, and ‘ICO’ appear to predominantly elicit journalistic content when searched on popular Chinese platforms Baidu and Weibo, whilst yielding an apparent absence of sponsored content. Weibo has confirmed that it does not presently allow advertising relating to cryptocurrencies, whilst Baidu is yet to comment on the matter.

Analysts are speculating that the censorship of crypto ads may have begun following the introduction of the PBOC’s crackdown on ICOs in September 2017.

Facebook Follows China’s Lead

The report was published just days after Facebook introduced new rules banning “ads that promote […] binary options, initial coin offerings, or cryptocurrency.” The social media network accuses said ads of “promot[ing] financial products and services that are frequently associated with misleading or deceptive promotional practices,” claiming that “there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”

The crypto community appears to have largely welcomed Facebook’s new policy, with many bitcoin veterans viewing social media as an advertising medium embraced by Ponzi schemes and opportunists seeking to cash in on the speculative boom surrounding virtual currencies will little intention of delivering robust services or platforms.

What is your reaction to the Chinese censorship of ads for products and services relating to cryptocurrencies? Share your thoughts in the comments section below!

Source: https://news.bitcoin.com/107918-2/

Source 2: Caspo
2  Alternate cryptocurrencies / Altcoin Discussion / How can i get a merit from another account on bitcointalk? on: February 02, 2018, 07:27:43 PM
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3  Alternate cryptocurrencies / Altcoin Discussion / Wolf Of Wall Street Says Bitcoin Could Hit $50K Before Crashing on: February 02, 2018, 07:13:24 PM
Jordan Belfort, known colloquially as the “Wolf of Wall Street”, has yet again cast doubt on Bitcoin, this time in a video interview with entrepreneur Patrick Bet-David, posted on Bet-David’s Facebook Jan. 31.

Belfort told Bet-David that he doesn’t believe Bitcoin (BTC) itself is a scam, referring to it as the creation of “financial anarchists”. He does think, however, that the way the cryptocurrency was built is a “perfect storm for manipulation”.

Belfort believes that the rising price of BTC can be attributed to wild speculation because of what he sees as improper use of the cryptocurrency:


“Something BTC was designed to be used as a currency, and it’s being used as an investment vehicle [...] As a currency, Bitcoin is no more useful at $20,000 or $100.”



Belfort spoke negatively about the potential for manipulating crypto markets due to the thinness of the market, specifically referencing the case of Olaf Carlson-Wee, an early adopter of BTC who was paid in crypto when working at Coinbase in 2013.

According to Belfort, Carlson-Wee sold all of his Bitcoin, bought Bitcoin Cash (BCH) and then gave a televised interview saying that BTC was dead and that Bitcoin Cash was the future, causing its price to skyrocket.

CT could not confirm that Carlson-Wee ever mentioned dumping all of his BTC for BCH, although he did give an interview to CNBC about Ethereum that some Reddit users misconstrued as Carlson-Wee moving all his holdings to Ether.

Belfort predicts that while Bitcoin is, in his words, a “wolf in sheep’s clothing,”  it also “might go to $50,000” before what he is certain will be its eventual fall to zero.

In September 2017, Belfort had said that Bitcoin was problematic because of the potential ease for hackers to steal virtual currency. In October, he commented that ICOs were the “biggest scams ever”.

Belfort told Bet-David he had invested “not a penny” in cryptocurrency.

Source: https://cointelegraph.com/news/wolf-of-wall-street-says-bitcoin-could-hit-50k-before-crashing
4  Alternate cryptocurrencies / Altcoin Discussion / UK: Cryptocurrency Trader Robbed ‘At Gunpoint’, Amount Stolen Unknown on: February 01, 2018, 08:49:03 AM

Four masked robbers have broken into the house of a cryptocurrency trader in Moulsford, Oxfordshire and forced him to transfer all of his bitcoins to them “at gunpoint”, The Telegraph reports Sunday, Jan. 28.

According to The Telegraph, this is the first case of cryptocurrency robbery in the UK.

The criminals entered the house of a crypto trader and forced him to transfer his entire Bitcoin stash. The exact amount of bitcoins stolen has not yet been specified.

Fortunately, the incident did not cause any serious injuries to anyone. The police immediately launched an investigation into the case, however, no arrests were made as of press time.
The police have also asked for help from local citizens:

"Officers are particularly interested in speaking to anyone travelling through [Moulsford] on the A329 Reading Road between 7.30am and 10.30am on Monday who has Dashcam footage or anyone with mobile phone footage.”

Due to their relatively anonymous nature, cryptocurrencies are becoming an increasingly popular target for robberies.

Back in December 2017, Cointelegraph covered another case: the managing director of the cryptocurrency exchange EXMO Pavel Lerner was kidnapped in Kiev by an group of unidentified people. Fortunately, Lerner got out safely just two days later, albeit having to pay a ransom of $1 mln in bitcoins.

Another robbery has taken place in neighboring Russia in mid-January, in which a locally famous cryptocurrency blogger was deprived of $425,000 worth of bitcoins. The latest news shows that cases of Bitcoin robbery aren’t limited to Russia and surrounding countries, as even the citizens of UK can be targeted by the criminals.

Source: https://cointelegraph.com/news/uk-cryptocurrency-trader-robbed-at-gunpoint-amount-stolen-unknown

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5  Alternate cryptocurrencies / Altcoin Discussion / Suggest for holder in Quarters 1, 2018 on: February 01, 2018, 08:40:40 AM
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Special thanks to caspo for providing this information to me. You can find him on twitter with link https://mobile.twitter.com/CasPoLinhNguyen/status/956184239401197568
6  Economy / Trading Discussion / What is FOMO? Why can a trader or anyone be affected by FOMO? on: February 01, 2018, 01:52:42 AM
In the present era, FOMO syndrome is a serious problem in society, not just financial investment. Once caught up in this syndrome, people in general and Trader in particular will "dive" into things that are not clear, leading to unnecessary or tricked costs, or things that have gone beyond the real value of it, causing yourself a serious loss.

Let's find out the FOMO.

What's FOMO?
FOMO is a short note of Fear Of Missing Out, understand is afraid of abandonment, miss. FOMO is a short note of Fear Of Missing Out, understand is afraid of abandonment, miss. People with this FOMO syndrome often have a feeling of fear that they will miss something. This feeling haunts people that people around them will achieve something that they do not. From there, this syndrome prompts the person to take certain actions at the time of irrationality, resulting in erroneous decisions that have little or lot of effects.

FOMO in the Real Life
With the advent of technology, the FOMO become syndrome worse. Typical examples of FOMO as young people are constantly checking facebook to not miss the information from friends, from movie stars, music. This miss makes you not know the "hot news" to join "Talking" with friends, although not all news is important.

Another manifesto of FOMO is trying to buy a new iPhone in the fashion of buying iPhone, although not using all the features or features as the current iPhone. You will be FOMO because you are afraid that everyone will have a new iPhone that you do not. Then sacrifice a few months salary for the iPhone that you just use to hear, call, sms and check facebook.

Another manifesto of FOMO is trying to buy a new iPhone in the fashion of buying iPhone, although not using all the features or features as the current iPhone. You will be FOMO because you are afraid that everyone will have a new iPhone that you do not. Then sacrifice a few months salary for the iPhone that you just use to hear, call, sms and check facebook.

FOMO in the field of investment. Explain why Trader always lose money.
Trader is also human, so it is definitely a FOMO. FOMO is a psychological syndrome, in which trader suffers psychological burden almost every day, so FOMO in the financial investment can be quite serious.

A recent hot investment channel is Bitcoin. Bitcoin price suddenly increased several times in a short time. This makes Trader or investors who have not bought into Bitcoin "jump" to jump in buying for fear of miss a strong trend of increasing Bitcoin in the future.

FOMO has ever "killed" the world financial market many times in history. Most recently, the dotcom bubble invested in internet companies in the US in the 2000s. At that time, everyone was afraid that I would miss this wave, then jump into buying drastically. After the dotcom bubble broke up, many internet companies turned to real value zero, causing most investors to lose money and go bankrupt.

FOMO syndrome in Vietnam we see is waves of investment in stock market in 2007, gold in 2008 - 2010 and real estate also in 2008 - 2010. After each wave, FOMO investors who do not understand but just jump in by fear of missing the opportunity to lose.

There is a famous saying among investors: "When the market is greedy, it is time to leave the game" because that is where FOMO syndrome broadly impact the market, causing the market become a bubble.

How to use FOMO to cheat?
Organizations or individuals use this FOMO syndrome as a way to scam. They bring victims to seminars, draw up new technology or investment channels, then give the "birds prey" each other to buy or invest. The victims of psychological weakness, lack of knowledge, experience should be immediately FOMO, afraid of missing the opportunity to become billionaire billionaire, so hurry down investment, suspected somewhere is the trap.

All things like great seminars, customers jostle, new technology ... are things to create FOMO syndrome only.

How can Against FOMO?
Obviously for us, it's hard to recognize FOMO, that's not to say against it. However, not the deadlock. Try some of the following

1. Ask yourself if this is realistic?
If an investment channel offers "heavenly" interest rates, you should question whether it is realistic. If the interest rate is double the bank is starting to find it unrealistic.

2. From a legal perspective
Fraudulent FOMO users often entice you into investment channels that are not legally recognized or even illegal. So, please check the legal basis before Investing your money.

3. Examine the incivility of those calling for investment
Because of the psychology of FOMO, scammers often dress up politically, express wealth, understand, and compose stories from poverty into wealth, to make you think about why they I can not do, from which to urge to invest money.

So, FOMO is very dangerous for society in general and financial investment in particular. Identifying and "self-curing" FOMO is essential. If this is not the case, you not only fail to invest but also in everyday life.


If you feel the article is useful. Give me a merit, I will be very grateful if you do it for me. I need merit to upgrade my account to member. thank you very much.


Special thanks to caspo for providing this information to me. You can find him on twitter with link https://mobile.twitter.com/CasPoLinhNguyen/status/956184239401197568
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