Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[brg444]

3000 and only 30 want to go to court?

I understood that 30 victims contacted a local Councillor because they had no proof of investment and thought that the police would not take up their case.  The Councillor directed them to the police, let's see what comes of it.

(...) estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.

Are you suggesting to us that numbers brought forward by an apparent ponzi scheme promoting their scam to suckers should reasonably be assumed to be truthful?

[JorgeStolfi]

No way that shit I never heard off had 385 million of user funds.

I never heard of that exchange and now suddenly somebody is trying to make people think it had 3000 investors with $12k? I call bullshit.

(...) estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.

It was a minor exchange too, but the big scam was not in the exchange, it was a cloud mining ponzi.

BTW, 1 million HKD is 128'900 USD not 12'890 USD.  That "万" thing does seem to confuse people there...

[fonzie]

3000 and only 30 want to go to court?

I understood that 30 victims contacted a local Councillor because they had no proof of investment and thought that the police would not take up their case.  The Councillor directed them to the police, let's see what comes of it.

(...) estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.

Are you suggesting to us that numbers brought forward by an apparent ponzi scheme promoting their scam to suckers should reasonably be assumed to be truthful?

I know that the denial is strong among the bitcoiners, but according to some websites  these numbers have been reporterd by the "inverstors" and not by mycoin.hk.

http://www.scmp.com/news/hong-kong/article/1707565/investors-fear-hk3b-losses-closure-bitcoin-trading-company
"Investors said they were lured by promises of a HK$1 million return in four months for buying a HK$400,000 bitcoin contract which would produce 90 bitcoins on maturity."
"An 81-year-old woman surnamed Chan said she recovered only HK$1.2 million on her HK$3 million investment on seven bitcoin contracts. "
"“No one seems to know who is behind this,” said a woman surnamed Lau, who saw her HK$1.3 million investment in four bitcoin contracts evaporate. "

[LFC_Bitcoin]

Who gives a shit about this insignificant Chinese exchange?
I've never even heard of it.

[brg444]

3000 and only 30 want to go to court?

I understood that 30 victims contacted a local Councillor because they had no proof of investment and thought that the police would not take up their case.  The Councillor directed them to the police, let's see what comes of it.

(...) estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.

Are you suggesting to us that numbers brought forward by an apparent ponzi scheme promoting their scam to suckers should reasonably be assumed to be truthful?

I know that the denial is strong among the bitcoiners, but according to some websites  these numbers have been reporterd by the "inverstors" and not by mycoin.hk.

http://www.scmp.com/news/hong-kong/article/1707565/investors-fear-hk3b-losses-closure-bitcoin-trading-company
"Investors said they were lured by promises of a HK$1 million return in four months for buying a HK$400,000 bitcoin contract which would produce 90 bitcoins on maturity."
"An 81-year-old woman surnamed Chan said she recovered only HK$1.2 million on her HK$3 million investment on seven bitcoin contracts. "
"“No one seems to know who is behind this,” said a woman surnamed Lau, who saw her HK$1.3 million investment in four bitcoin contracts evaporate. "

Can you read?

The HK$3 billion figure is based on an earlier statement by the company that it had 3,000 clients in Hong Kong, each investing an average HK$1 million.

[fonzie]

Who gives a shit about this insignificant Chinese exchange?
I've never even heard of it.

I guess most people haven´t heard of BTCChina or other chinese exchanges before the November 2013 runup, but they already existed and also influenced the market during the whole time of at least early 2013.

[fonzie]

3000 and only 30 want to go to court?

I understood that 30 victims contacted a local Councillor because they had no proof of investment and thought that the police would not take up their case.  The Councillor directed them to the police, let's see what comes of it.

(...) estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each.

Are you suggesting to us that numbers brought forward by an apparent ponzi scheme promoting their scam to suckers should reasonably be assumed to be truthful?

I know that the denial is strong among the bitcoiners, but according to some websites  these numbers have been reporterd by the "inverstors" and not by mycoin.hk.

http://www.scmp.com/news/hong-kong/article/1707565/investors-fear-hk3b-losses-closure-bitcoin-trading-company
"Investors said they were lured by promises of a HK$1 million return in four months for buying a HK$400,000 bitcoin contract which would produce 90 bitcoins on maturity."
"An 81-year-old woman surnamed Chan said she recovered only HK$1.2 million on her HK$3 million investment on seven bitcoin contracts. "
"“No one seems to know who is behind this,” said a woman surnamed Lau, who saw her HK$1.3 million investment in four bitcoin contracts evaporate. "

Can you read?

The HK$3 billion figure is based on an earlier statement by the company that it had 3,000 clients in Hong Kong, each investing an average HK$1 million.

Can you calculate? You forgot to write your wrong 12890$ convert behind your HK$1 million this time. 

Well whatever, it seems that the chinese are finally reading the news and BTC/CNY is about to crash. Most likely angry parents will force their kids to take their money out of that ponzie. I expect a bloodbath this week. 

[ChartBuddy]

Coin
Explanation

[finnile]

It´s hard to keep track and not to be confused with all those big bitcoin scams and frauds that appear almost weekly.

And even the fiat scams! http://www.consumer.ftc.gov/scam-alerts
It boggles the mind!
 

But that doesn't gets fiats value down

[fonzie]

BITFINEX (HONGKONG BASED EXCHANGE  )  IS ALREADY CRASHING!

[LFC_Bitcoin]

I also have no respect for anybody that doesn't invest in or buy BTC independently on their own.
Who the hell hands over large sums of cash to exchanges or supposed trusted investors?

BTC is supposed to give you as the investor power as your own bank.

[fonzie]

I also have no respect for anybody that doesn't invest in or buy BTC independently on their own.
Who the hell hands over large sums of cash to exchanges or supposed trusted investors?

BTC is supposed to give you as the investor power as your own bank.

So i guess you have bought all your Bitcoins on localbitcoin.com and never touched an exchange before?

[Fatman3001]

Dumpdy dump, dump...

[Phillis]

and so it begins...

[fonzie]

YOU HAVE BEEN WARNED HOURS AGO BULLTARDFOOLS!

[JorgeStolfi]

It is 8pm in China now.  The mycoin.hk story playing on TV, perhaps?

[WeltMaster]

yawn..

still over 200

[brg444]

It is 8pm in China now.  The mycoin.hk story playing on TV, perhaps?

that's probably it 

[Fatman3001]

yawn..

still over 200

Yes, but I want rockets!!! You can't get to the moon by bungee jumping!! Fly mofo!! FLYYYYY!!!!!

[razorramon]

so the scam was..

give me money and i will mine bitcoin for you...

ran off with money...

bitcoin never got mined...

-> there will be no dump