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1  Economy / Economics / Re: Now who are the owner of Bitfinex hacked Bitcoins which are now recovered? on: February 13, 2022, 10:47:40 PM
This article is a good read about what has happened before after the hack and as well as where the recovered bitcoins must go.
Article: Who gets the $3.6BN in Bitcoin US seized in Bitfinex hack?
It's actually a developing story and we still need to wait further for the decision about it. It is not only bitfinex that will decide on this, do they or not?
It really make the situation critical after reading that. Both the parties are claiming but the tokens they distributed in compensation at the time of hack was at $1 and is still around there. While bitcoin rose up much higher.
Bitfinex also made another token which were the share of the coin holders and they said that they will refund according to that share. It may help the process to work out.

Now for those who say that the compensated coin is still there while their bitcoin rose high up then at that time bitfinex paid the amount in token worth of equal to their bitcoins. So the bitcoin holders were free to buy back bitcoin the same amount as they had.

Still the situation is waiting for the results and the community is waiting to see that how a situation like this is resolved.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not a safe haven for criminals on: February 13, 2022, 09:03:39 PM
Recently, I went through the article about the biggest cryptocurrency fraud in history executed by a married couple.  Ilya Lichtenstein and Heather Morgan, husband, and wife, have been tracked down by the FBI for laundering 119,754 bitcoins from Bitfinex five years ago. After many attempts to rinse the money through chain hopping on numerous anonymity enhanced cryptocurrencies like monero. The FBI was able to apprehend them.

I want to know, what else does the government want to regulate the cryptocurrency blockchain for if the FBI can perform such a rigorous search on all the virtual accounts that have been created online by the couple? And found the private key linked to the wallet that received the funds, and they recovered over $3.5 billion and recorded it as the biggest seizure in the cryptocurrency niche.

Quote
“Criminals always leave tracks, and today’s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,” said FBI Deputy Director Paul M. Abbate.


I think the transaction the Government cannot track in the block-chain technology has not be made. FBI claim that they will endeavor to trace any fraudulent activity in the cryptocurreny network through their 21st century investigative technique. (I don't know what they mean by that)

Quote
we're able to uncover the source of even the most sophisticated schemes and bring justice to those who try to exploit the security of our financial infrastructure.






Read:
https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrency
After that success of FBI now the governments may change their mind for bitcoin. Now they cannot deny the fact that bitcoin is safe for fraud and if someone will do money laundering then they will be caught.

The bitcoin community is thankful to the FBI that they helped those who lost their money because of this hack. It will increase the courage of people who want to adopt bitcoin for their personal lives and for their businesses.
3  Economy / Speculation / Re: Bull Run in Bitcoin on: February 13, 2022, 08:52:34 PM
In 2013 we had a bull run but at that time bitcoin was not known to me. I myself saw the 2017 bitcoin bull run and then we had a massive altcoin bull run. We were expecting the same to happen in 2021 but it did not happen. Some people say that bull run is delayed and some say that next bull run will be after the next halving in 2024.

I sometimes think that bitcoin and crypto market are now matured and we may not see extended bull or bear runs. Bitcoin will reach a hunderd thousand dollars or more but it won't be a parabolic move. What are your thoughts on this ?
Bitcoin is now going to be mature or we can say the bitcoin traders and users are going to be mature as they are learning that at the end bitcoin will win. So now the parabolic move is going to be smooth with time and with some time we will see a smooth upward trend.

The crypto is the game of bull-bear, if there is no bull-bear then people wouldn't be interested much here. We can't predict exactly what will happen near future, who thought back 2 years Bitcoin would touch almost $68K? It was the bull. But at the moment we are in bear mode. There are various reasons behind it. But not much dip we can see. Because once Bitcoin dump to dip, more investors accumulate it. That's why it's been stable above $30K lately. But don't concentrate too much on what people say always. Think yourself and research more to make the right decision.
People are interested not because of bull-bear run but people are interested when only bull run occurs. The bear market often make many new comers afraid.
In the trade pattern which you discussed is because when the price come a little back many people start selling in which the top traders also sell which give a deep bear run and at some level when all non expert people sell then the top traders buy back at bottom which recover the price. If everyone will hold then the price will not move at much extremes.
4  Economy / Economics / Now who are the owner of Bitfinex hacked Bitcoins which are now recovered? on: February 13, 2022, 08:44:21 PM
In 2016 Bitfinex was hacked which gave a huge lose to the community and especially to the users of bitfinex. Now as the bitcoins recovered what will be its decision. Did the bitfinex paid the lose to the customers at that time or not. If yes then will the bitcoins be given to bitfinex or the customers are still waiting for to recover their bitcoins?
5  Economy / Exchanges / Re: [Cryptopia] ONLINE ARTICLES related to hack &theft of funds 2020 (non discussion on: February 09, 2022, 11:56:26 PM
Information via @digits [link]


If anyone has other website links to this development, can they please share them in this thread please?

There is a template in the OP for people to set out their reports in the same stye as the above.

Thanks again.
Thanks for that much data and help providing on this thread. I also lost my account on that exchange and yesterday one of the member gave me the link of this thread.

It is really bad to hear that the employee were involved in that hack from the exchange. They hurt us a lot.
6  Economy / Trading Discussion / Re: Worst exchange you experience for trading on: February 09, 2022, 11:52:47 PM
My bad experience was with cryptopia where I lost a good amount when they got hacked. After they were hacked they do not allowed us to withdraw our coins and after that they closed their service and still they are saying that the case is ongoing in the court and after the end of the case they will decide for the users funds.
Are you lost in track? You could always follow up this thread.
https://bitcointalk.org/index.php?topic=5097916.0

Although the latest update was still on July last years which we could really presume out that this case is already been dead.
Thank you very much it really gave me benefit. I thought that now that exchange disappeared and now I cannot get any news from them. I gave my details to them in the last year but after that I not heard any news from them that what will they do.
7  Economy / Exchanges / Re: How Coinbase knows an account is from a sex worker? on: February 08, 2022, 11:34:14 PM
I've been reading how Coinbase shuts down sex worker's account. I was wondering how do they know account is from a sex worker? They probably don't use your real name in sex work so even if they pass KYC Coinbase can't know unless they do a research on them.
Payments are anonyoums. I don't understand
According to their user agreement they do not allow these sites to receive and send funds from coinbase. They do not deny these workers to open account on coinbase but they prohibit them for the use on such sites where sex workers work. So they will not freeze/lock your account unless they find that any fund is received or sent to any of the adult website.
8  Economy / Trading Discussion / Re: Worst exchange you experience for trading on: February 08, 2022, 11:28:14 PM
My bad experience was with cryptopia where I lost a good amount when they got hacked. After they were hacked they do not allowed us to withdraw our coins and after that they closed their service and still they are saying that the case is ongoing in the court and after the end of the case they will decide for the users funds.
9  Economy / Economics / Re: The Role of Government in Crypto on: February 08, 2022, 11:25:12 PM
For me the only role that a government should have crypto is the protection of it's users because people that are involved in the cryptospace is vulnerable to attacks everyday and the only way that I can think of is for the government to have a role as a protector of the users since they have the resources to do it.
Yes the governments can do a lot in this case. They have more facilities to work effectively on this field so if they will work then they will do it perfectly and they can manage to deal with these attacks and hackers. They can trace them but only they need to come and adopt this crypto.
10  Economy / Speculation / Re: Bitcoin in Rocket 🚀 mood. on: February 08, 2022, 11:20:45 PM
$44k is in. So the support that everyone was talking about is $40k-$43k, bitcoin just broke those prices. And let's see if this is going to keep moving up to $50k.
yes after $44k we can easily cross the $50k value.
We will see it and hopefully, it will manage to get back to cross that line again.

I also hold when the market was red. I was worried a little as many people told that it is not winter but crypto ice which made me worry but then I thought that what ever happen at the end a good time comes. So I kept and I told to myself that if it is ice then even the ice melts at the end. Today I am very happy. I learned another lesson that stay firm we will get the success.
There are a few things we can do if the market is red. Either buy or hold, that's it. Selling isn't an option because if you have bought it higher, you have no choice but to wait until the market recovers.
Yeah I know. I was a little worried the but then I thought that I do not need to sell. Holding is better in any condition.
As long as you don't need the money, don't sell. Sell only when you're confident and there's no trace of regret upon doing that. Many of us here done that and regretted that they've sold too early despite of earning at those prices that they've sold their bitcoins.
Yes we should not sell when we need money, in the past weeks I was in need but I thought that it is better to wait a little more so I waited and now the value of my coins increased. I bought some designing work with a few dollars and I calculated if I bought that in the previous weeks then I would pay more than what I paid now.
11  Economy / Speculation / Re: Bitcoin in Rocket 🚀 mood. on: February 07, 2022, 10:13:25 PM
$44k is in. So the support that everyone was talking about is $40k-$43k, bitcoin just broke those prices. And let's see if this is going to keep moving up to $50k.

yes after $44k we can easily cross the $50k value.


I also hold when the market was red. I was worried a little as many people told that it is not winter but crypto ice which made me worry but then I thought that what ever happen at the end a good time comes. So I kept and I told to myself that if it is ice then even the ice melts at the end. Today I am very happy. I learned another lesson that stay firm we will get the success.
There are a few things we can do if the market is red. Either buy or hold, that's it. Selling isn't an option because if you have bought it higher, you have no choice but to wait until the market recovers.
Yeah I know. I was a little worried the but then I thought that I do not need to sell. Holding is better in any condition.
12  Economy / Speculation / Re: Bitcoin in Rocket 🚀 mood. on: February 07, 2022, 08:00:14 PM
Correct I am reserved on this movement, we will have to pass the usual resistance
points, $45k, $50k etc. until then its too early, there was also talk of a "dead Cat bounce"
scenario.

I can understand the excitement though, after a month of sub $40k sideways movement
any sort of rise is welcome and stirs up a bit of excitement.
If you keep on waiting for that to happen, do you realize how much money you are missing out? I mean if you could buy right now, and it reaches 50k, you are already in %20 or so in profit, and if you buy there, it reaches 60k, then you are in profit but you are missing out that extra amount.

It is your decision of course and I could not tell you what to do, if you want to make a profit that way then you could make a profit that way and nobody could tell you what to do. However if you really want to make sure that you are doing the right thing, then I would have to suggest you to make sure you are ready for such an increase, we are not just a few dollars away from those prices.

Already bought the dip and worshiped at the church of DCA for the last 3 weeks!

I'm reserved in terms of getting excited too early.
I also hold when the market was red. I was worried a little as many people told that it is not winter but crypto ice which made me worry but then I thought that what ever happen at the end a good time comes. So I kept and I told to myself that if it is ice then even the ice melts at the end. Today I am very happy. I learned another lesson that stay firm we will get the success.
13  Economy / Economics / Re: Buy Crypto Or Have Fun Staying Poor! on: February 07, 2022, 07:55:38 PM
For you to have eventually made up your mind and got into cryptos, that is the same way those you called beginners will also get to turn around and get into it at a point. Everyone has their own timing and pick. Cryptocurrency is not about who got in first that will be the first to hit the goldmine. Luck comes into play, we must not forget that.
Luck does enter into it, but can we get that luck if we give up in just one mistake? I do not think so.
Most of them give up when it comes to crypto and don't get their luck. And they just gave up.
Yes I was not one of the lucky ones when I first entered the crypto world, but I am constantly learning to understand crypto. And now the result I can feel something useful for me.
luck comes because we dare to step up and take risks, so we get a little share of the profits from cryptocurrencies, and lucky we are already in this crypto world. many of us became rich suddenly because of cryptocurrencies. Of course, besides luck, I think knowledge is the main capital to get that luck
That is a point which I also agree that luck is with those people who step forward and take risk. Actually that is not the risk it is to step out from your comfort zone and if you have knowledge about the place where you are going to enter then you will play the best.
14  Economy / Speculation / Re: Can I recommend a friend to buy Bitcoin now? on: February 01, 2022, 11:12:52 PM
Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
I see the current market conditions are not stable and not suitable for investing, my mind says crypto market conditions like this the best thing to do is trade in the buy or sell method according to market conditions and developments, short-term method for now is very good, provided you have to have enough capital to do it all with Bitcoin.
Serious crypto individuals are on twitter, and they call it crypto winter. The current economic situations are not stable so buying doesn't guarantee it should go up. There's buying everyday, doesn't mean it goes up. Even Microstrategy acquires additional 660 bitcoin which not assist me to make any buy order. Michael Saylor reports Microstrategy purchased bitcoin, generally it tanks just later so beware if you plan to buy.
They say it is winter but they also say that the winter will go with time just like the previous winters. They are giving cautions to only those who are doing short time investment and day trading but if our friends are thinking to invest for longer time then we have to tell them that it is a good time. Just like a few days ago one of my friend told me that he want to invest for about 5 or maybe 10 years then I told him that then he have to invest without any worry.
15  Economy / Economics / Re: Buy Crypto Or Have Fun Staying Poor! on: February 01, 2022, 10:56:52 PM
What about the risk factor? You cannot please everyone and not just anyone have the courage to buy cryptocurrencies or Bitcoin. Traditional thing is to save money in the bank, in fiat. That is the safest up until now even though there is no increase with whatever you save. Banks trust rating is still higher than anything even a piggy bank.
Not against it but lets just list the facts first in this pandemic. Having fast cash when you need it is the one being supported and not cryptocurrencies where you have to go with a lot of steps before taking it out as a means of purchasing.
Well, actually theres nothing wrong of saving money in the bank and buying crypto for investment. They are absolutely both good in their own ways. And it really depends of what you prefer for.If you wish to save your mone safely then save it in the bank.But if you want to grow your saving and make more money, then go for cryptocurrency.Investing in crypto is risky,but it doesnt mean its a bad investment.
Investing in cryptocurrency like bitcoin is the investment anyone can do this day (pandemic) because it has made a lot of people rich. Smiley
Yes both of them are good in their own places but if we think then we can say that bitcoin can do both for us like it is investment along with that it work what the bank do is saving. Our money if we want to save for long time can be saved for longer time in bitcoins and if we say the long then we all know that in the long term the price reaches to a new high price.
16  Economy / Economics / Re: Buy Crypto Or Have Fun Staying Poor! on: January 31, 2022, 11:12:05 PM
I have come up with a simple understanding that in this life, money kept in the bank will not yield profit for you rather it will make you poor cos you keep withdrawing it to solve your daily needs.
Money invested in legit firms will make you rich but if you desire to be wealthy in life, invest in crypto.
The choice is yours to choose
It is the habit of rich people that they do not save in banks but they take risks and they invest their money assets which are profitable for them, no matter it is from stock exchange or from crypto and I am sure that in current times all of the wealthy businessmen are looking for the crypto platform to invest in there. It is because of this both the stock and crypto market go same with each other because these are same people invested in both. I will also choose for crypto to get involved.
17  Economy / Exchanges / Re: Advcash | a new "anonymous" bitcoin debit card [EUR & USD] on: January 31, 2022, 11:07:08 PM
I was thinking to get one when visit there but it is also not possible.

The point is that you have to do KYC. So you have to prove that you are you and you have to prove where you live. Either you have to send the documents like ID, recent photo and for example an electricity bill with your address on it to the company or you show the documents in front of your webcam.
Oh, If that is the matter then I understand and agree with your point. It is then really not possible for those who just go for a visit there because we have all of the documents of our of European union which will not work there.
18  Economy / Economics / Re: Buy Crypto Or Have Fun Staying Poor! on: January 29, 2022, 10:36:17 PM
If ever you have enough money as capital, it's better to invest in crypto especially now that  market is down. You can buy good coins in a lower price  then just hold to have a huge return when bull market come. If you believe in crypto and invest , it might change your life  in the future.
We should advise first the newbies to learn to understand what cryptocurrencies are before investing. They shouldn't do the mistake of others that they've invested blindly and become surprised when they saw the market went down.

They should break the cycle with that if they ever want to invest in cryptocurrencies. It may take a few days or weeks before they understand it and willing to take the volatility that it does.
That is, if newbies are only here believing that crypto is a get-rich-quick scheme, that will definitely put them in losses. But if they can be guided by early birds here, that will lead them to invest in crypto with full knowledge and without hesitation. Crypto investment is definitely good and profitable, but we should always be wary about it as its more volatile and is susceptible to hacking, and until now its seen unregulated by the government.
We should worry only if we will invest only for a small period of time means that if we are not long time holders while if we can hold for long period then in the long period the price continue upward and every time i show us a new ATH price. Worrying from hacking is very important because these are our hard earned money in crypto and when someone hack them then it will be hard to recover. Keeping our private keys safe is also a step as many people forget their private keys.
And regularized by governments is one of the issue which is if solved then crypto will be the super currencies.
19  Economy / Exchanges / Re: Advcash | a new "anonymous" bitcoin debit card [EUR & USD] on: January 29, 2022, 10:31:05 PM
If they have not listed the worldwide option then I will also wait like you. I will come to see if they added the other countries or not. Because I am out of European countries.

I have another country suppose I visit the European country then can I get a virtual card there if I will hold the nationality of other country out of them?

If yes then will I be able to use it worldwide or it will stop work when I go out side the European countries?
Well you can take a look on terms on ADVcash site for more information but for sure if you have the citizenship of an European country you can get the virtual card or even the plastic card and use them wherever you want, at least this is 100% valid for the virtual card since you will use it on Internet.
Now if you don't have the citizenship and just visit a country as tourist I assume you can't get it. Advcash could confirm this point tho.
Ok Thanks for that information. Actually I do not have the nationality of that nations. I was thinking to get one when visit there but it is also not possible. I think I will wait for the time when it will be available everywhere.
20  Economy / Economics / Re: Buy Crypto Or Have Fun Staying Poor! on: January 28, 2022, 11:49:36 PM
let me tell you a little story; 2 days ago I read the status of my Facebook friend who mocked about the current dip market and said that those who are in crypto are dreamers. After I asked him what his job was and did he know what bitcoin was, he replied that he was only a debt collector and had never bought Bitcoin.

from what I have experienced it can be concluded that those who have never bought Bitcoin will forever be in their poverty, their knowledge will always be shallow and the future is uncertain they will experience because from the start they did not have confidence in the potential of Bitcoin.
It's sad to see people who have never invested in crypto, then say something bad about crypto. Such a person will not be a successful person,
because they think negatively on something that might give them a chance to improve their economy. Therefore, the number of poor people in this
world is more than the rich, because only people who can be open-minded and willing to learn new things will become rich people in the future.
So don't underestimate crypto, let alone to hate crypto. Due to the fact that crypto has made a lot of people rich, but don't get me wrong,
crypto doesn't make people rich instantly. Still, it takes hard work and a fairly long process, so that we can become rich from cryptocurrency.

Just let those negative people do stick out into their principles and mindset and sooner or later they would really be regretting on what they had missed out.This isnt something talks about shitty things online

No one really likes on being poor but you couldnt really enhance yourself if you wouldnt really take risks on making crypto investment and no one really likes on being poor but there are really things in life
which you couldnt really able to bare out.

We really can't make everyone accept crypto, there will always be people who hate crypto. Our job is only to provide education about crypto
according to our knowledge to others, but if it turns out that there are people who continue to think negatively about crypto, that is no longer
our business. Let them regret later, that their guess on crypto is wrong. Sometimes everyone has a different time to be able to realize that
crypto is something positive, that can change their lives for the better. I agree with you, no human wants to be poor, but our wrong mindset
keeps us trapped in poverty. Therefore, successful people always start from how they can have the right principles and mindset.
That's the importance of having an open mind, so that it is easy to accept new things and finally can change our mindset to be right.

In actual they do not hate crypto but they do not have the knowledge about crypto. If we will continue to give education of crypto then we also need to educate them about the functions and features of crypto. When they will learn then they will also join this community and will adopt this technology in their finances and in their businesses.
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