Unless you are able to track down the tokens to an exchange address, ask the exchange for help, and the exchange actually being willing to help  you (which is difficult in itself because of the privacy policies that exchanges have), the chances of you getting your funds back or even tracking down who the hacker is is slim to none.

Can you recall anything suspicious that happened on your computer before all this happened? Did you share your private keys with anyone, including potential phishing websites? Do you live with anyone who could have possibly done this?

For now, definitely don't store any crypto assets on this computer as it is probably unsafe. Run an antivirus, reinstall your OS if needed. finding out the cause of the hack and preventing more damages is much more important than tracking down who did it at this point, as it is quite futile.

I don't think bitcoin will be stable even if people wanted it to be, at this moment. We're still very early on with extremely limited awareness of what bitcoin actually does in the general population, let alone the percentage of population actually adopting the technology and using it. Thus, it's more likely that prices will continue to be volatile, and mostly on the up side, until adoption/demand ceases to climb drastically.

Gold can still be recognized as a store of value in the long run, and hedge against hyperinflation. But if you're looking to invest, I doubt that this is the right place to put your money for the short term. It's not likely that you'll ever make much more than the CPI Index's percentage increases.

It's perfectly reasonable, however, to say that gold is due for a bull run. The scale of the climb is just undetermined at the moment, but with the period of sideways movement that gold has had, it should be a matter of time before a bullish pattern breaks out. Still though, I don't see it as a short term investment worth looking into. Hold it for when SHTF, but even then, I believe bitcoin to be the superior optoin.

Are they trying to legalize bitcoin as a payment method to sports betting? If that's the case, then I don't really see really any major benefits.

They could have a huge tax over buying and selling of bitcoin, or perhaps even strict restrictions on exchanges on what they can and cannot do.

Rumors have already surfaced about the fact that India may be considering to have a GST tax on bitcoin, something that I think will not necessarily benefit bitcoin users in India that much even if it means that the restriction is uplifted.

Anyhow, I think that we'll have to wait till the predetermined date of when the verdict will be delivered on these matters. Hopefully, it doesn't get delayed again.

Halving does tend to bring out bullishness within the market.

In fact the past halving essentially was the end of the 2014-2016 bear market, and the predecessor to the huge 2017 bull market that we had. So I think that halving events are definitely bullish events, both psychologically, and tangibly, as bitcoin rewards become less for the miners.

I don't think that the forecasts shown in that tradingview chart are necessarily going to be realistic, however. It's definitely very hard to see the same amount of growth persist in the next halvings, as the level of adoption and market cap has already drastically increased, and markets are just generally not as volatile anymore.

And why exactly do cryptos need saving?

I don't see any major issues of crypto that can be resolved through institutional investors coming in and investing in bitcoin businesses, bitcoin derivatives, ICOs, or very rarely, bitcoin itself.

Their investment is more likely than not going to be trying to bring a monetary reward to themselves, which is often done through trading derivatives or whatnot. Bitcoin is able to succeed without any institutional investors, as demonstrated in the past decade. Inflating the trading volume and potentially the liquidity of the market could be positive, but barely constitutes as "saving" cryptos.

That's an interesting question.

I think that the distinction between blockchain and bitcoin needs to be made clear here. Even though bitcoin is reliant on blockchain technology, blockchain technology is much broader, and can be used for many things, while bitcoin is a distinct currency itself.

I do think that certain blockchain projects are really getting to the point that they are nothing more than just profit making schemes for the founder (most ICOs). However, bitcoin's initial promise is still upheld imo, and as an alternative digital cash form and store of value, it's working thus far and probably will continue to long into the future. Another reason for holding BTC instead of random cryptos.

Debt is definitely an issue with the US dollar, so is fractional reserve which is essentially part of what fuels the debt.

However, I don't really see a need for a gold backed crypto. And the idea that the gold backed CNY will be the underlying backing for the crypto is just even more confusing to me, in my opinion. Any crypto where its value stems from something "backing" it relies heavily on trust on the entity holding the reserves being honest, and that takes away from the trustless nature of crypto to begin with.

Bitcoin itself is perfectly capable of storing its value in the long run because of its decentralization, and the fact that supply is limited, means that it can essentially imo be an alternative to fiat without the uncontrolled depreciation in the long run, even without a gold backed crypto.

On their thread, there are actually a few newbies/junior members that keep on saying positive things about the project. I personally think that it is possible that they may even be using shills to promote their site on the forum, at least I wouldn't be surprised if it turned out that they did.

The graphics on morh.io are just horrendous. Can't even take them seriously with that sort of site design. On the right hand bottom side of the page, you see a ton of partners as well, which are just completely fabricated.

Unless the team has some sort of explanation for hy they have decided to fake their team and also fake all of their exchanges, there is no chance of this being a legit project. Well done op.

Sigh... They really thought that flipping the pictures that they took off the internet, and photoshopping it on some newspaper to construct their fabricated team was going to avoid detection of their team as being completely bogus? No linkedin profiles of course, and 'Jonathan Demar''s photo has just woefully low resolution and picture quality.

I've actually seen this site design at least a few times before on other ICOs, so it means that they probably they took an existing template and customized it. No effort in the design whatsoever.

Also, them on reddit:

Obviously, not going to happen. Just trying to get as many suckers to invest as possible before probably an exit scam. Always do your research people.

I really don't think that bitcoin will ever replace fiat.

It's just too far fetched of an idea at the moment. I'm not saying that there's no chance of it happening, but more realistically I think we're probably going to see bitcoin be an alternative form of money to fiat instead of just replacing it altogether. It's very likely that bitcoin will instead serve a niche group of people that want to preserve their wealth long term in a safe haven, and transact internationally independent of the fiat system.

I think that the report is suggesting that bitcoin would exceed USD's note and coin supply once it hits the figure in the title. However, I think that the main thing to consider isn't price, but rather, adoption. For bitcoin to truly replace fiat currencies, just overtaking US's M1 currency supply would mean absolutely nothing. There needs to be a large enough user base, and also a large enough market cap to constitute a good amount of market share on the international money supply.

Apparently this is fixed now. It's definitely not tolerable as you mentioned for such a huge bug to happen on their site, and to make things worse, their support has a notorious reputation of being slow and unresponsive.

In the meantime, they're not trying to fix their existing issues with support and their buggy platform, but rather trying to implement new features and add new coins, and creating a political committee. Well, it's their company ultimately. But it's certainly not a positive gesture towards their existing customers imo.

Anyhow, this is what happens wehn you hand over control to your coins to a company. If their platform glitches out, you have no recourse until they fix it. If they decide to suspend your account, you have nothing that you can do either. Use a desktop wallet like Electrum that you hold your own private keys with, otherwise no matter what hosted wallet you switch to, you'll never be in control.

There are honestly just too many benefits.

The main one is probably not even about the counterfeiting that goes on with these banknotes. The main issue with fiat banknotes is indeed just its fiat nature. The money supply is solely controlled by central entities that has shown that they are more than willing to debase the currency supply and essentially create this invisible tax that everyone has to pay through inflation. And hyperinflation can also occur as a result. Just look at Zimbabwe, Argentina, WWII China etc.

Even if it's not hyperinflation, just look at the depreciation of the dollar over time. Crazy.

Bitcoin's benefits can really be compared to gold. However, gold can often be counterfeited and it's hard to tell real gold from fakes, and even if you could, it's a costly procedure that is extremely time consuming and just a hassle overall. Bitcoin does not need this.

You should provide the country that you're talking about here instead of let everyone guess.

Usually though, an unregulated market doesn't mean that the government does not allow any trade activities to go on or anything like that. And it also usually means that the government takes a neutral stance, thus bitcoin transactions should be completely legal.

It is obviously possible that a country would also have bans on bitcoin or whatnot without having regulations, but you said that your country just hasn't made any statements about crypto altogether. In that case, it should be perfectly okay, as long as you don't do illegal stuff with your bitcoin. Also, might wanna be careful about storing bitcoin in overseas hosted wallets, due to the regulations that your country has on overseas bank accounts.

First of all, what exactly do you mean by traditional markets?

Do you mean the traditional financial institutions that are currently playing a huge role in the fiat economy, or do you just mean the ability to spend bitcoins on a day to day basis for purchases? You really need to make yourself clear here.

Bitcoin is not something that is only offered to the rich. In fact, quite the opposite. The lack of entry requirements make it extremely accessible to anyone who wants to use it. In fact, most forum users are just regular Joes in reality. If you want to see bitcoin being integrated into the traditional banking system, I don't think that it's something that's needed at all. But it's definitely all up to the banks. However, from a commercial standpoint, bitcoin obviously currently can't be used for buying much goods at all on the traditional, offline markets, but this will change as adoption increases, imho.

Seems like so. I don't think that we're going to see any major price movements in the near future, but I believe that market conditions are still overwhelmingly bearish and probably going to continue to be so for at least a few further months.

Thus, it's very likely that we'll see prices dip below $7k soon, and again test the $6k support - that's just how a bear market goes, constant consolidation until it bottoms, and I don't think that we've yet seen the true bottom.

The bull trap that happened really got a lot of people excited. It's important to realize that just from a pure time frame view, we're not yet near how long it took for the previous bear market to recover. Combine that with the bearish sentiments within the market, unless some major positive news emerges, and I mean, really positive, it's very unlikely that we'll see longlasting rallies this year.

Sorry to hear this OP, but honestly, this was as obvious as they could come.


This claim alone renders them a complete and utter scam. No legitimate investment fund would ever be able to give you a guaranteed profit of over 10% APR, let alone a whooping 200% within 8 hours. That's a telltale sign that it's either a ponzi, or just an outright scam that will take your money as soon as you deposit anything into it.

Obviously, the admin of the site was just trying to milk more BTC out of you in hopes that you would fall for their second scam. Again, common strategy that scammers use. They tell you to send BTC to their address before they can send you your coins. This never happens with anyone remotely legit.

Hope you learned your lesson, there are hundreds of scammers fishing for your money out there. Don't believe in any of the projects that guarantee you profits, because they simply don't exist.

Nice findings. Also basically exposed a few other projects of being a scam as well, that's just awesome work OP.

It goes without saying that if a project has a fake team then it should be instantly regarded as a scam, no question asked. I don't know if the other projects with the same team photos are somehow connected (I wouldn't be surprised if they were), but the bottom line is that they are all complete fake projects that should be avoided at all costs.

Another thing is that the partners and "as seen in" sections of their site are completely fabricated as well, which is another warning sign. They simply put a bunch of random logos of crypto news sites in with no link. Always verify the legitimacy of such partnership and news outlet mention claims, as they are often fake as well.

I think that since bitcoin is indeed independent of all central banks and entities that are controlling the fiat's monetary policies, it is pretty much guaranteed that if a financial crisis strikes the fiat sector, bitcoin will be able to serve as a relatively safe store of value.

But it does depend on the level of adoption at the time of the economic crisis, and also what type of crisis strikes.

If we see a collapse in the value of the fiat currencies around the world, then definitely, bitcoin would not only hold its value, but may actually see a surge of adoption because the markets demand an alternative to fiat. To me, bitcoin is probably more feasible as a long term store of value and a safe haven during economic crises than even gold itself, due to its obviously advantages in terms of convenience, divisibility, and global nature, while retaining the same decentralized nature.

Exactly, it is most likely going to try to push for legislation that will be favored towards their own company and to enable them to make more money themselves, instead of looking at any issues that people are actually concerned about in terms of bitcoin.

I don't really see this as a huge positive, as a result.

I guess that it would be good for crypto projects if they did have a way to legally raise funds for their project in the form of an ICO, but at this stage, we don't even know what this political action committee is pushing for at this moment. All I know is that coinbase has a ton of existing issues like customer support, and they are not resolving these internal issues but instead adding new features and trying to influence regulation. That's not good business for the people, imo.

Not really. Bitcoin does not give you any interest. If you buy into bitcoin then you are generally hoping that it would go up in value over time.

Though, that's not to say that bitcoin is not a good investment. Banks obviously do give you interest, but it in fact, it's probably one of the worst investments you can make at this moment. This is because of the fact that bank interest just don't keep up with what inflation is taking away from your balance.

Bitcoin on the other hand is a store of value, much like gold. The amount in circulation is always controlled, and this can't be changed from a central point. So that's why over the long term, even if demand for bitcoin stays stagnant, bitcoin would be an excellent store of value in contrast to fiat, even accounting for interest.