What I meant was I don't think we'll get a collapse that dramatic again from anything relating to the current situation. It could easily decline back to that price level over time due to boredom, indifference or everyone being broke but not a monstrous plunge.

There'll be no shortage of future dramas but this particular one has already bitten as hard as it can.

Nope. You won't be able to do anything until you've verified your ID. They're not too demanding. Doing it through a phone using the app seems to work better than using a computer.

Buy into fear. Sell into euphoria. That's what I'd do if I could. I have been strangely unable to do so so far.

You'll always miss out on the peak. The ones that do manage it didn't know they'd done it.

It's better to set yourself a target and get rid when it hits that target. If you're reluctant to sell then you have set the wrong target. I have a few shitcoins that have been languishing forever. There's a good chance they'll reach much higher than their previous peak some day. I don't care. I have a target and the fucking things have made me wait long enough so off they'll go at the right moment.

OP should seek out the quiz master and smack them on the bum for being too woolly. It looks like there's some trouble here agreeing on what a rollback is.

I assumed the two events that happened in 2010 and 2013 were non contentious hard forks since there was a chain that had gone wrong that was abandoned both times. But others will know more about this.

As for CZ, I hope no one ever forgets that proposal. What a clueless dick move.

Agreed, but this is waaay beyond what would ever be taught in conventional education.

Robinhood is designed from the ground up to appeal to people who otherwise would never have traded. It's on them to hold their hand every step of the way. There are an awful lot of ways to screw up and in this case to believe you screwed up.

The designers will have known users would be shown a giant negative balance while the trade was open. I would've made sure the user had pressed a big flashing button giving an explanation and saying 'do you understand what this means and why?' before showing to them.

They can't account for everyone's emotional state but at least make it clear as possible what is happening at every relevant moment. If I hadn't informed myself or been informed I certainly would've shat a brick briefly too.

We haven't really started to eat the financial pain it's created yet. A lot of economies are still in suspended animation. When they start to thaw out it might get ugly. No one is going to switch to a highly speculative instrument if their day to day necessities prove hard to pay for.

But the people at the top are who we should be keeping an eye on. They're the ones who'll lead future price action as they warm to the idea. As it stands it looks like governments have signalled they're willing to do anything to keep the party going so perhaps in the long run this whole thing will be seen as a temporary blip.

I don't believe we'll get any further price shocks like the fall back into the $3000s. That is a one time freak out that only comes along very occasionally.

That's a bit of a shame. They don't have much notable track record when it comes to successfully nabbing cyber criminals or taking it particularly seriously.

In the UK you're supposed to report online crime here - https://www.actionfraud.police.uk  which repeatedly refers to 'reporting' crimes rather than solving them. Most of the time they say they've noted it and... that's it.

Maybe they work a little harder, or do any work, if it's a large amount like this.

Take your pick. If it's lengthy then it's been written by someone else somewhere.

Maybe the short ones have been too. Can't be arsed to check.

https://bitcointalk.org/index.php?action=profile;u=2819713

https://bitcointalk.org/index.php?action=profile;u=2819713;sa=showPosts

I've run every lengthy post here through Google and every single one I could be arsed to do popped up in its entirety elsewhere. This cheeky fella needs hitting upside the head.

There was no risk at the moment he killed himself. He was fine and his balance was positive. It was a misunderstanding on his part and a failure of the site to make things clear enough.

If you asked me what the rules are I'm pretty sure I couldn't quote you a single one. Over time enough etiquette has sunk in and the others I've seen mentioned seem like common sense more than anything.

When I first arrived here this forum had newbie jail which meant you were restricted to post only in one section for newbies only. You had to do a certain numbers of posts over a certain period of time to get out of it.

The management seems verry resistent to reinstating that but it might be helpful to the state of the forum and those who can bothered to stick around long enough to get out of it.

Hmm. What's with all the GBP and EUR talk? And the London address? There are some mentions of India in there but visiting it I wouldn't know it had much to do with there at all.

If the Indian police do a good job then more power to them. If it was the UK they'd be told to 'report it' and then it would likely be ignored.

Article in the Sunday Times about this today -

https://www.thetimes.co.uk/edition/business/the-trading-apps-accused-of-turning-stocks-into-a-game-kpz68kp0h

http://archive.is/Uw72b

It reemphasises that the $730,000 was a temporary figure and he was actually in the black throughout.

My number one source of learning about obscure exchanges is when they rape their customers. It's a dependable stream of information.

I'd never heard of them before either.

From the looks of their site - https://cashaa.com/business-account - https://cashaa.com/personal-account  - they are primarily about providing conventional banking with crypto integrated as a sideline. Many people, especially businesses, are desperate for banking so will go with anyone who offers it and makes crypto friendly noises.

Jesse Powell of Kraken comments on this type of thing here.



https://twitter.com/jespow/status/1282179956466790401

Full marks from me but I suspect he is in a tiny minority when it comes to this. Dunno who his backers are but perhaps they'll be put under pressure to make some money from this too.

Revolut is definitely the most odious route so far and I'll bet others are eyeing it closely.

I wonder whether doing something similar has been discussed at Coinbase. It would certainly cure a lot of head aches for them. Most here of course would squeak with indignation but I wonder what the majority of their customers would think.

Perhaps they'll further differentiate Coinbase, Coinbase Pro and the custodial side of things.

That's possibly the biggest threat to crypto's progress. If they go cashless and roll out governmentcoins too they will have full control and all it takes is the pressing of a button to restrict all transactions to and from exchanges.

P2P will continue but perhaps surveillance will be so all encompassing they'll be able to come down hard on that too.

The best thing that can happen is a closed loop crypto economy developing, but many would bail if they had the options to get back into fiat when needed heavily restricted.

Exchanges will have a small number of inveterate and very active traders who make up the majority of volume. Everyone else is an occasional dabbler. It's the dabblers who have left and taken their coins with them and there will be many more of them but they'll be much more passive.

The hard core will never leave.

Worthy thoughts but the thing that counts with Bitpay and the overwhelming majority of merchants is the fiat part and nothing else.

The fiat bit is what their competition needs to concentrate on and most won't have the finance or the patience or the contacts to go down that route. They can of course integrate with exchanges but that's another step for merchants themselves to deal with and another account to create. Many won't bother.

Bitpay is a one stop shop and that's what their market wants. The operations that may compete with them on that will be just as corporate and may have their own gross habits too.

A pure crypto economy would be a different matter but that's generations away, if ever.

I find that idea barking. Even if you tested it on a few people there would be no way of telling how effective it would be applied to a whole planet. You might be rubbing your hands at your financial manoeuvres and wake up to find you killed billions.

Go let off an EMP on Wall St instead.

Let's get the virus out of the way before declaring who won and who didn't. We don't know whether it's on its way out or warming up to hammer us harder than ever. Countries and industries that so far have gotten off lightly may get a rude surprise.