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Author Topic: look what i've just found out...  (Read 2975 times)
jubalix
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April 25, 2013, 02:14:45 PM
 #21

YAWN....ok look your right...its all a scam, I wlll give you 1 cent each for all of you bit coins you have lost faith in....hm whats that...nah didn't think so





is it true? im starting to doubt now...


Quote
“Hi Nerdr, I could not find an email address to contact you and have some information for you.

Let me first say who this message is from.  I own and run a Bitcoin trading exchange.  Here many users buy Bitcoins and sell Bitcoins for dollars.  As you know it has been a great time for Bitcoin trading with a large rise in value over a very short period of time.

First I started like the others.  I wanted to trade the bitcoins for the dollars on the Bitcoin forum like others.  Then I started my own Bitcoin website to do this.  Some people from the Bitcoin forum used it and were happy.  Some told their friends and so on and so on.  It grew like a mushroom.  I want to say again, first it was all good and clean, no mess, very honest.

Then I had my big idea.  I wanted to make more money.  The number on the exchange.  A number.  I could change it in the programming.  Not too much, because their are other exchanges to balance, but a little would be okay to do.  So I did it.  I increased the Bitcoin value a little.  Say from $1 to $1.05.  No one noticed and many were happy to see it go up.  I was making people happy and the forum enjoyed the fun times with many dreaming big money! haha.

Now I change the Bitcoin price by hand nearly everyday now.  I increase the number and more people give me money.  Sometimes I let the files do this.  It is a miracle like I have a bank haha.  I give them numbers and they give me money. I thank god everyday.

They are greedy.  I don’t care if I cheated them.  I wonder is it bad?  I have a nice life now and will marry soon.  We will buy our first house soon with my Bitcoi money the greedy have gave me.

I am blessed to be alive.”
[/i]

full article here:
http://nerdr.com/bitcoin-exchange-scam-bitcoins-are-worthless/

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
maqifrnswa
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April 25, 2013, 04:41:58 PM
 #22

aren't markets supposed raise prices up to the point where there are no buyers?

there is not such thing as intrinsic value in a bitcoin, so if someone is willing to pay for it - that is what it is worth. It's impossible to "scam" someone buy simply raising the price...

i'm pretty confused as to why that email is controversial. I'd expect that to happen...

man, my brain is hurt - I can't figure out what the scam is and why someone would be annoyed by that email


edit: I must confess, I change the value of bitcon every day by hand as well by changing my ask and offer prices on futures and coin exchanges. I also change the value of IBM and Apple the same way on stock exchanges by changing my offer and ask bids...
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