Just check LIR on Yobit today. Just shocked as few days before make a trade at 1K+ rate and today its just looks like totally collapse. Dont understand why trader defeat market of any coin to this much lower rate.
I personally think its just not loss of coins reputation but also loss of seller who is selling at that much lower rate.
There may be two possibilities.
As someone if robot want to eat sell wall with higher volume or some personally want to collapse market. but as I am seeing there no one calculation suits there.
Well have to wait and watch but LIR have good future.
I personally think its just not loss of coins reputation but also loss of seller who is selling at that much lower rate.
There may be two possibilities.
As someone if robot want to eat sell wall with higher volume or some personally want to collapse market. but as I am seeing there no one calculation suits there.
Well have to wait and watch but LIR have good future.
As I said before about few possibilities. But Its really scam coin. Kindly stay away.
This is to detail an elaborate scam concocted by the lead mastermind Eric William Hansen from Mountain View, Hawaii otherwise known as "Phoenix1969.” Other BitcoinTalk accounts associated with this scam may be “Shogdite”, “cryptodevil”, “suchmoon” and various other shills owned by these individuals.
Skype - eric.w.hansen1
Yahoo - orchideric@yahoo.com
Disqus - https://disqus.com/by/orchideric/
Youtube - https://www.youtube.com/user/orchideric
Google+ - https://plus.google.com/110550834433881242246/about
Lisk - https://forum.lisk.io/memberlist.php?mode=viewprofile&u=261
BitcoinTalk - https://bitcointalk.org/index.php?action=profile;u=239126
BitcoinTalk - https://bitcointalk.org/index.php?action=profile;u=123172
Eric Hansen and his partner at the time Shogdite launched a scam project called LetItRide at BitcoinTalk - https://bitcointalk.org/index.php?topic=1511021.0
They fraudently raised "472.1676 BTC raised by 223 amazing backers" (over 200,000 USD) as cited by letitride.io their website. The scam went as follows,
Using Eric Hansen’s reputable name "Phoenix1969" as he has been around a long time in the BitcoinTalk community and the Lisk community, they ran a fraud intended crowdfund for a gambling site that would initially start off as a primitive dice site. Over the first 2 months of the project there were multiple swings in the price of their coin leading people to believe that there would be a "pump" (and "dump") associated with this coin. Surely enough, after 2 months Eric Hansen then made his move and the scam was put into play
Eric Hansen using a secondary account "MrPresident" claimed that his account "Phoenix1969" was hacked and that it was not him and this was used as the core basis for their scam. We can identify this is not true as Eric Hansen on the Lisk forums in his application cites the account "Phoenix1969" here - https://forum.lisk.io/viewtopic.php?t=191 from which we can see "Last Active: April 02, 2016 11:41:37 AM" showing that Eric Hansen was indeed in possession of the account and has simply acted as two different people to further their scam. The claim that Eric Hansen’s account "Phoenix1969" was hacked stirred up a lot of drama in the LetItRide coupled with his partners who are on the BitcoinTalk default trust list which is used for the trust system on BitcoinTalk.
By having his scammer friend "cryptodevil" tag anyone associated with LetItRide with red trust including the developers one of which being Eric Hansen account "Phoenix1969" they caused a panic in the market causing the price to drop to almost a fourth of its initial market value. By utilizing this scheme, they now are in a position where they can choose to either run with their 472 BTC (valued at $283,200,00 USD currently) or continue manipulating the market as now that they have brought the price significantly down, they can look to buy back cheap coins at 1/4th of the market value from those who are panicking and then restore faith by causing a pump in price allowing the scammers to resell with immense profit effectively committing fraud.
Not only has the fraudster Eric Hansen participated in a deceptive crowdfund for a quarter of a million dollars, he and his partners are continuing to manipulate markets (which would be definitely illegal if it were stocks) into their favor and pump and dump the market as they see fit, while stripping away any amount of extra money from innocent investors as possible.
I as an investor have lost about $12,000 in net value on this project due to Eric Hansen and his scammer friends, I hope this information prevents anyone from losing money or doing business with him in the future.
P.s. This information will also be posted on other various online complaint boards that are highly ranked with google. And I will update with the links to them as they become live.
UPDATE.
http://www.ripoffreport.com/r/Eric-Hansen/Internet/Eric-Hansen-Phoenix1969-MrPresident-250000-BTC-scam-Internet-1322320
Skype - eric.w.hansen1
Yahoo - orchideric@yahoo.com
Disqus - https://disqus.com/by/orchideric/
Youtube - https://www.youtube.com/user/orchideric
Google+ - https://plus.google.com/110550834433881242246/about
Lisk - https://forum.lisk.io/memberlist.php?mode=viewprofile&u=261
BitcoinTalk - https://bitcointalk.org/index.php?action=profile;u=239126
BitcoinTalk - https://bitcointalk.org/index.php?action=profile;u=123172
Eric Hansen and his partner at the time Shogdite launched a scam project called LetItRide at BitcoinTalk - https://bitcointalk.org/index.php?topic=1511021.0
They fraudently raised "472.1676 BTC raised by 223 amazing backers" (over 200,000 USD) as cited by letitride.io their website. The scam went as follows,
Using Eric Hansen’s reputable name "Phoenix1969" as he has been around a long time in the BitcoinTalk community and the Lisk community, they ran a fraud intended crowdfund for a gambling site that would initially start off as a primitive dice site. Over the first 2 months of the project there were multiple swings in the price of their coin leading people to believe that there would be a "pump" (and "dump") associated with this coin. Surely enough, after 2 months Eric Hansen then made his move and the scam was put into play
Eric Hansen using a secondary account "MrPresident" claimed that his account "Phoenix1969" was hacked and that it was not him and this was used as the core basis for their scam. We can identify this is not true as Eric Hansen on the Lisk forums in his application cites the account "Phoenix1969" here - https://forum.lisk.io/viewtopic.php?t=191 from which we can see "Last Active: April 02, 2016 11:41:37 AM" showing that Eric Hansen was indeed in possession of the account and has simply acted as two different people to further their scam. The claim that Eric Hansen’s account "Phoenix1969" was hacked stirred up a lot of drama in the LetItRide coupled with his partners who are on the BitcoinTalk default trust list which is used for the trust system on BitcoinTalk.
By having his scammer friend "cryptodevil" tag anyone associated with LetItRide with red trust including the developers one of which being Eric Hansen account "Phoenix1969" they caused a panic in the market causing the price to drop to almost a fourth of its initial market value. By utilizing this scheme, they now are in a position where they can choose to either run with their 472 BTC (valued at $283,200,00 USD currently) or continue manipulating the market as now that they have brought the price significantly down, they can look to buy back cheap coins at 1/4th of the market value from those who are panicking and then restore faith by causing a pump in price allowing the scammers to resell with immense profit effectively committing fraud.
Not only has the fraudster Eric Hansen participated in a deceptive crowdfund for a quarter of a million dollars, he and his partners are continuing to manipulate markets (which would be definitely illegal if it were stocks) into their favor and pump and dump the market as they see fit, while stripping away any amount of extra money from innocent investors as possible.
I as an investor have lost about $12,000 in net value on this project due to Eric Hansen and his scammer friends, I hope this information prevents anyone from losing money or doing business with him in the future.
P.s. This information will also be posted on other various online complaint boards that are highly ranked with google. And I will update with the links to them as they become live.
UPDATE.
http://www.ripoffreport.com/r/Eric-Hansen/Internet/Eric-Hansen-Phoenix1969-MrPresident-250000-BTC-scam-Internet-1322320
I think Its planned and its time is over. Better way to stay away. And save your money.