Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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February 09, 2015, 12:16:01 PM |
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That was pitiful. What a bunch of limp dicks these dumpers turned out to be.
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fichtn12345
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February 09, 2015, 12:16:27 PM |
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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... in my opinion it actually is a little bit confusing if you are not used to it... 一万 = 10000 一百万 =1 *100 *10000 ( 1 million) 四亿 = 400 000 000 ( 400 million) 十四亿 = 1,4 billion
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Torque
Legendary
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Activity: 3710
Merit: 5286
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February 09, 2015, 12:17:08 PM |
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YOU HAVE BEEN WARNED HOURS AGO BULLTARDFOOLS!
Translation: YOU HAVE BEEN GIVING THE STUPID, COMPLETELY UNCONVINCING MADE UP FUD (THAT WILL NEVER BE VERIFIED) HOURS AGO, SHEEP! BECAUSE WHALES NEED A STORY BEHIND THEIR RANDOM DUMPS!
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findftp
Legendary
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Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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February 09, 2015, 12:17:11 PM |
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Wow, there's some nice market movement at finex Looks like an algo going havoc
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Phillis
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February 09, 2015, 12:18:22 PM |
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looks like someone hit the wrong button on bitfinex.
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brg444
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February 09, 2015, 12:19:43 PM |
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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
This essentially has nothing to do with Bitcoin. The equivalent of someone creating random wealth management ponzi and switching "trading performance" for "mining revenues" as a wealth generation/redistribution mechanism. Of course suckers at the bottom paid the bills for the ones at the top. No actual Bitcoiner was hurt in this experiment
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findftp
Legendary
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Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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February 09, 2015, 12:20:45 PM |
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looks like someone hit the wrong button on bitfinex.
Maybe someone implemented an huobi algo
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razorramon
Full Member
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Activity: 238
Merit: 100
BILIBIT.IO -1st Decentralized Token in Philippines
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February 09, 2015, 12:21:52 PM |
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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
This essentially has nothing to do with Bitcoin. The equivalent of someone creating random wealth management ponzi and switching "trading performance" for "mining revenues" as a wealth generation/redistribution mechanism. Of course suckers at the bottom paid the bills for the ones at the top. No actual Bitcoiner was hurt in this experiment could have been the exact same scam with rare metals or whatever
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brg444
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February 09, 2015, 12:22:00 PM |
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Some whales throwing their weight around this morning
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fonzie
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February 09, 2015, 12:22:34 PM |
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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
This essentially has nothing to do with Bitcoin. The equivalent of someone creating random wealth management ponzi and switching "trading performance" for "mining revenues" as a wealth generation/redistribution mechanism. Of course suckers at the bottom paid the bills for the ones at the top. No actual Bitcoiner was hurt in this experiment Let´s just hope that you are not one of the suckers when the next exchange (Bitfinex, okcoin...) blows up, cause they are probably acting with fractional reserve. Which means that you never had or traded "real bitcoins" (aka mining revenues, trading performance).
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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February 09, 2015, 12:23:36 PM |
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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February 09, 2015, 12:23:45 PM |
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That was pitiful. What a bunch of limp dicks these dumpers turned out to be.
i decided to buy on a spread because i am doubting this is going sub 200. it looks like 220 is resistance. so i bought a couple now @218 and if it drops lower then pick up more. seems to be the only logical way to do this. since i keep my mined coins hoarded then i am trying buy a stash to trade with. i could use a few more but i think i got enough now to do some damage trading when this thing decides to do something besides go down.. i think is to strong of buying to reach sub-200 right now.
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razorramon
Full Member
Offline
Activity: 238
Merit: 100
BILIBIT.IO -1st Decentralized Token in Philippines
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February 09, 2015, 12:24:12 PM |
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lol...only 2 dollars down...fuck you bears
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brg444
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February 09, 2015, 12:25:32 PM |
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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
This essentially has nothing to do with Bitcoin. The equivalent of someone creating random wealth management ponzi and switching "trading performance" for "mining revenues" as a wealth generation/redistribution mechanism. Of course suckers at the bottom paid the bills for the ones at the top. No actual Bitcoiner was hurt in this experiment Let´s just hope that you are not one of the suckers when the next exchange (Bitfinex, okcoin...) blows up, cause they are probably acting with fractional reserve. Which means that you never had or traded "real bitcoins" (aka mining revenues, trading performance). Let's just hope that you end your miserable life
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LFC_Bitcoin
Legendary
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Activity: 3696
Merit: 10357
#1 VIP Crypto Casino
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February 09, 2015, 12:25:56 PM |
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lol...only 2 dollars down...fuck you bears
This. Lame ass fools.
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JorgeStolfi
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February 09, 2015, 12:26:22 PM |
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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
Correct that far. However, an academic (ahem!) in Hong Kong called for tighter regulations on bitcoin. That by itself does not mean anything, but it is noteworthy that the news arrticle closed with his opinion. There may be repercussions on exchanges. And then we have the current dump. Just a coincidence, or triggered by the mycoin.hk news?
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Globb0
Legendary
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Activity: 2702
Merit: 2053
Free spirit
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February 09, 2015, 12:27:00 PM |
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Refuelled and ready to go!
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fonzie
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February 09, 2015, 12:29:05 PM |
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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
Correct that far. However, an academic (ahem!) in Hong Kong called for tighter regulations on bitcoin. That by itself does not mean anything, but it is noteworthy that the news arrticle closed with his opinion. There may be repercussions on exchanges. And then we have the current dump. Just a coincidence, or triggered by the mycoin.hk news? Let´s hope that the PBOC put´s an end to this scam and finally protects it´s citizens. I already wrote them 3 mails in the last 7 days.
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razorramon
Full Member
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Activity: 238
Merit: 100
BILIBIT.IO -1st Decentralized Token in Philippines
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February 09, 2015, 12:29:29 PM |
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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
Correct that far. However, an academic (ahem!) in Hong Kong called for tighter regulations on bitcoin. That by itself does not mean anything, but it is noteworthy that the news arrticle closed with his opinion. There may be repercussions on exchanges. And then we have the current dump. Just a coincidence, or triggered by the mycoin.hk news? that "dump" didnt bring us really down...also looks like a lot of the shorters put their stop position above 200usd...so only attempt to make a quick buck out of the news...looks like it isnt working and tighter regulations would be a good, because more secure thing...nothing wrong with that
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fonzie
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February 09, 2015, 12:31:00 PM |
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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
Correct that far. However, an academic (ahem!) in Hong Kong called for tighter regulations on bitcoin. That by itself does not mean anything, but it is noteworthy that the news arrticle closed with his opinion. There may be repercussions on exchanges. And then we have the current dump. Just a coincidence, or triggered by the mycoin.hk news? that "dump" didnt bring us really down...also looks like a lot of the shorters put their stop position above 200usd...so only attempt to make a quick buck out of the news...looks like it isnt working and tighter regulations would be a good, because more secure thing...nothing wrong with that A lot of these orders will get pulled as soon as we get near them and a lot of stop loss longs will get triggered.
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