Thanks for the replies everyone, the input is appreciated.


He has had contact with this trader over the phone only. He was referred to the trader by someone he knows through his work. This someone seems to have been conned too, so I doubt he is in on it.

I suspect the scammers are playing the long game. I've seen investigative journalists pieces on this type of thing before, the scammers extort thousands over a number of months or even years. Same as those foreign girlfriend scams for lonely guys, lasts years and they keep getting money out of them.

Anyway, I'll see how it goes from this point. My friend is going to try to see if he can get some money back from him, I don't like his chances though. But hey, maybe I'm mistaken and somehow despite the scam broker and odd Bitcoin transactions he is actually legit. Doubt it though.

 

Thanks nutildah. Very Interesting. So here's why I'm asking.

Several weeks ago a friend said he sent some money to someone to trade for him. Said that he wins 90% of the trades, and is only in them for a few seconds. He also sent me a screenshot of some of the trades. The trades were in the FOREX market, I tried to verify them, couldn't do it. There were no moves in the market at the time that these trades were made that showed the profit on the screenshot. This "trader" also trades at a broker called BSB-Global, which according to the net and UK's regulator FCA is an unlicensed scam exchange.

Of course I called bullshit and told my friend this was most likely a scam. Anyway, today he sends me a message saying that he is a bit suspicious of this trader. After a bit of back and forth I got some information out. Firstly, to send the money to this trader, my friend allowed the trader to remote in to his laptop to make a transfer to the traders account (crazy, I know). Well the reason my friend had to let the trader do it for him via a remote connection is that the trader wanted the funds via Bitcoin and my friend has no idea about how to use Bitcoin. They used crypto.com to purchase the Bitcoins and then the the trader transferred from crypto.com to his wallet. Below is the traders address. The first transaction (e890282829e4b586596edd623e0efa9f3a8b0d277e50332e918bb5c8d850e981) is my friends funds.

https://www.blockchain.com/btc/address/1BFXgGZU5kNn9G5EXH8h4oZ5KKFStaRy9H

So following the funds it goes to this address

https://www.blockchain.com/btc/address/3H19hesgsQrB4YpR68EJgSZAiH6U8pbTWe

and then you can see his funds being moved to the address in my original post here

https://www.blockchain.com/btc/tx/8f9308a2a07a178b300af9e26431fe5377248ffc87738740aeab8e29331cec41

The 3H19hesgsQrB4YpR68EJgSZAiH6U8pbTWe address seems like an interesting one. lots of outputs go to exchange accounts or Bitcoin on/off ramps. Is this a trader, or his organisation, sending the coins to an exchange to trade? or perhaps to cash out?

Do you or anyone else have an opinion on that?

P.S how in the hell did I not know about walletexplorer.com great site.

I'm wondering if anyone here can confirm that this address is a tumbler. According to the below url this is either a tumbler or some kind of exchange address

https://www.bitcoinabuse.com/reports/1L1xSXttdsBAPVjVfyoyCg3RZbdHinT5G5

Thanks

+1

Yep. It doesn't matter who wins, but what does matter is that it is 100% fair and honest and that every voter has confidence that it is 100% fair and honest.

The democrats celebrating this victory are fools. The republicans control the senate and out of revenge (either real or perceived, due to a mistrustful election process) could very well scuttle any of the administrations plans to improve the country with good policy. Then next election comes around and the repubs win, but perhaps the dems get the senate, so they take revenge on the repubs by not passing any good policy measures, because the repubs did it to them.

Not good, and the solution to this ever long stalemate will be more dictatorial powers to the president so he can get something done during his 4 years (be it good or bad).

So long story short, buy BTC.

I don't know if you've sold yet, but if not how about instead of selling a chunk of BTC to fund Rick, you just sell an amount equivalent to his wage on a weekly, fortnightly, or monthly basis.

This is the best thing to do if you believe that long term BTC is going to the moon.

Hell you could just get him one of those BTC linked debit cards.

Looks like Wisconsin and Michigan will go to Biden. Nevada to close to tell and likely that Trump gets Georgia, North Carolina, and Pennsylvania. This would give Biden just enough to win.

Looks like there will be lots of legal battles though, and recounts.

Of course Bitcoin doesn't give a fuck either way. Because, we all know that it doesn't matter which team wins, the destruction of the monetary system has been baked in for decades now.

No matter the result go long BTC, always go long BTC.

I was reading zerohedge in those days and I remember when you made your first purchase and mentioned it in the comment section (I just can't remember the date). I also remember there was someone in the comments sending free BTC to those who were interested in it. pretty much everyone bagged the shit out of him, but, I'm pretty sure you took the person up on that offer, and then later made your own purchase.

Zerohedge comment section was the first place I heard about BTC myself, that was early 2013 and then when the Cyprus thing happened zerohedge had it's first (to my memory anyway) article about BTC (in a negative light mind you).

You're just joking right? Because the numbers are like that due to it being a log chart.

Buying and selling bitcoin is a zero sum game. If all the grannies buy into bitcoin now prices go up 30x from here and many of those grannies sell out. How in the hell does Paypal fund that, they have to hedge unless they want to run the risk of losing shit tons of cash, and the lowest cost way to hedge is buy buying physical bitcoin.

It is definitely odd that they won't have deposits/withdraws, but maybe that is actually on their plans ahead. Or maybe they don't think their customers are interested in withdrawing. Thinking more conspiracy wise, they could be in bed with the establishment and this is the plan to tame the FOMO, have everyone buy through Paypal rather than bid price up on exchange. Paypal holds no coins and never intends to and in the event that they can't surpress price, and people cash out for major fiat profits, the CB covers their losses.

I don't think there are any other alternatives because if it is some masterplan and someone doesn't cover their losses, they would end up suffering major losses when people convert to fiat and they have no hedge.

Seriously, is it likely that Paypal is a fractional reserve operation and management are willing to take the risk to expose this so they can make some fees of bitcoin?

And how are the hedging their position? if BTC goes to 100k and all the grannies withdraw their funds, Paypal suffers a major loss (just as mt gox did).

I don't think so. If paypal was looking for yield they would hold the various stablecoins instead. The yield on BTC is dogshit compared to the stable coins.

They could literally transfer all the USD they hold in peoples accounts into tether and make a shit tonne. Of course it wouldn't last for long because they would crash the lending market, which will be the same for the BTC lending market if they start using blockfi etc. 

Soon enough price will be as follows

BTC dominance back over 60%.

A CBDC is about 2 thing, power, and more money for the capital owners.

CBs represent the corporates, and in the CBs eyes the government is not doing enough to help these corporates. If it was up to the CBs there would be constant never ending fiscal responses, this would be done in a number of ways, but of particular importance is giving money to the people. CBs want inflation, because inflation helps capital owners in a massive way. Monetary responses (which is all a CB can do) have reached their limits, so if we are to continue the global ponzi we need a fiscal driver.

Now, despite what everyone thinks about CBs, CBs can't print electronic money (only the private banks can do this, and only through lending). CBs can only print reserves (bank capital), and physical cash. Now physical cash ain't going to cut it, for the simple reason being that it is anonymous, and this reduces the power of authority so no good. Plus dealing in physical is a pain in the ass. Enter the CBDC.

With a CBDC, governments now take a back seat in regards to the economy because CBDCs give the CBs the ability to create fiscal responses. And a CB doesn't have to clear its spending plans in the senate, or any other checks and balances inconveniences related to elected officials. When CBDCs arrive, you will see this helicopter money that everyone used to talk about and every citizen and non citizen alike will be flooded with this new "electronic cash". Be prepared for that inflation, because when a CBDC actually happens you'll see your inflation.

So in summary, CBDC will make CBs very powerful, and kind of like an alternative government in their own right. They also want inflation, and lots of it, so helicopter money will be a thing. The good news for us hodlers (capital owners) is that BTC along with other assets will head north and never look back. The bad news is that the people (labor) will lose out in a massive way, but they'll welcome it because it will be like a UBI. Little do they know that the inflation tax will make them worse off and the entire economy will become zombiefied with the cessation of the last remnants of capitalism. This is the decline of the west.  

The thing about CBs is that they don't work for the government or in the interest of the people. CBs work purely for the corporates, and more specifically the financial corporates. Yes CBs consult closely with government, but, that's only because there are many times when government and CBs interests align.

So, why is the FED begging congress? it's because they are worried about the corporates and they want inflation in an effort to help these corporates. Mandate is irrelevant, FED is breaking rules everywhere and they are 100% above the law, because they are one of the few pillars in our modern civilization, without them, shit falls apart.

Honestly, in this instance the FED is just being polite by asking for more stimulus. The wheels are in motion where the FED can do its own stimulus soon, which will give corporates even more power.

https://www.zerohedge.com/markets/loretta-mester-hints-fed-preparing-deposit-digital-dollars-directly-each-american

I suspect within the next decade the CBs power will rival the governments. Governments won't be able to do anything about it either. They'll be in a very rocky relationship that neither one can leave.

In defence of the children, being little shits is not their fault. The parents are at fault because they raised them to be little shits. My children are great, and they know to always be aware of other people when in public, because I brain washed them that way, and continue to do so.

Having said that I would never take my kids to the pub either, so I guess you only see the kids from shit parents there.

2 things that have completely fucked the world from the dawn of time. Shitty parents, and mental illness. Fix those problems and this place would be a fucking Utopia.

I really hope not, I never want to see 9000s again.

Well I am seeing charts showing that percentage coins hodled are at all time highs, so I think it must at least be some of each type of investor.

I'm sure that eventually buyers will overwhelm the supply, and large investors will be a part of this, but my god it is taking a long time. I mean, with the amount of fraud, corruption, poor governance, and so on, it blows my mind that we aren't higher. Bitcoin is literally the only way to preserve your wealth from those things I mentioned and more, yet people still aren't rushing in.

Imagine if Bitcoin was around prior to the war, would the price of it have gone up as the Jews and other persecuted groups wanted to preserve and flee with their wealth. Or would it have just done nothing like it is now and linking itself to the corrupt legacy markets. When it comes to your wealth, the CBs and Govs right now are as bad as the NAZIs and it seems people are just happy to give everything to them. It's nuts.