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gentlemand
Legendary
 Offline
Activity: 2590
Merit: 3008
Welt Am Draht
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April 13, 2015, 10:56:31 PM |
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The paperwork to issue the shares so people can sell is still in the pipeline. No coloured coins there. https://twitter.com/grayscaleinvest |
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JorgeStolfi
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April 13, 2015, 10:57:42 PM |
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$310 M USD Cryptocoin-based Ponzi Busted in Thailand http://www.coinbuzz.com/2015/04/13/arrests-in-ufun-crypto-currency-pyramid-scheme/In a bust on Friday, Thai police arrested four executives on charges of operating a pyramid scheme [ called "UFun", using ] a cryptocurrency called "Utoken", and stealing over 10 billion baht (roughly US$310 million). [ ... ] UFun sold various cosmetics and supplements. The company focused on referring new customers, rather than selling the products. Customers were encouraged to invest up to $50,000 in order to receive discounts on the products. [ ... ] UFun used its own cryptocurrency called UToken to let customers purchase its products. [ ... ] Websites promoting Utoken claim that it "will outperform Bitcoin and eventually overtake Bitcoin as the Ultimate Digital Currency". |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 13, 2015, 10:58:26 PM |
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ensurance982
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April 13, 2015, 11:00:27 PM |
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Well, that's it. I really feel I should just go ahed and stop watching the market now. This is just nerve-wrecking, nothing more. Long-term bullish, but short to mid-term, well... Let's just say: It's no fun anymore...
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barbs
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April 13, 2015, 11:01:46 PM |
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*sigh* ... fixed it ... *you're welcome*  It's a currently valued at less than $3B cap "currency" with worldwide combined books containing legitimate fiat funds of probably less than $50M total so let's call it 50:1 at best for a value to actual money ratio aka bad , so even the big holders only 1/50 gets to cash out when *the* collapse occurs ... There's 1000 people with combined millions of coins aka the top of the pyramid architects/early miners/pyramid participants and they got all those coins basically for free just by running a piece of software on their laptops so now they can dump indefinitely and make guaranteed $$$ from shorting in the process , as well as continually re-buying lower and continuing to dump if desired ... Also there's 3600 coins produced daily mostly by industrial miners which by itself is too much for the market to handle if they were all being sold continuously ... Also there's give or take 1,000,000 stolen bitcoins floating around the internet out of the 14,000,000 supply , which may or may not have been already dumped and those are also kind of "free" in that they were stolen ... Add to that the likelihood of the entire price history of bitcoin having been dictated by the fraudulent exchange mtgox , which was the only bitcoin exchange for years and years from the beginning and cooked it's books to the tune of billions of dollars and the chart history from pennies to 1200 to now cannot be trusted whatsoever until after they collapsed , and since they collapsed it's been nothing but down , indicating complete lack of genuine adequate support at *any* price since the ATH ... Toss in lack of transparency or regulation of any kind for the existing exchanges so it's fairly likely at least a few are actively insider trading/rigging the market/pulling a mtgox ... Fuck ... take your pick as to why it's going down ... It goes up only if major $ comes in and buys millions worth in a matter of hours to force the price up / when exchanges use false money or existing customer funds to force the price up through illegal insider trading ... Pretty much spot on with all angles covered there |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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April 13, 2015, 11:04:50 PM |
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$310 M USD Cryptocoin-based Ponzi Busted in Thailand http://www.coinbuzz.com/2015/04/13/arrests-in-ufun-crypto-currency-pyramid-scheme/In a bust on Friday, Thai police arrested four executives on charges of operating a pyramid scheme [ called "UFun", using ] a cryptocurrency called "Utoken", and stealing over 10 billion baht (roughly US$310 million). [ ... ] UFun sold various cosmetics and supplements. The company focused on referring new customers, rather than selling the products. Customers were encouraged to invest up to $50,000 in order to receive discounts on the products. [ ... ] UFun used its own cryptocurrency called UToken to let customers purchase its products. [ ... ] Websites promoting Utoken claim that it "will outperform Bitcoin and eventually overtake Bitcoin as the Ultimate Digital Currency". This is bullish, isnt it? |
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sAt0sHiFanClub
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April 13, 2015, 11:05:33 PM |
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You can't arrest people for running inferior Linux.
The article says "an operating system designed for use by hackers". That can only be Windows.   hear! hear! |
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Wandererfromthenorth
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April 13, 2015, 11:06:11 PM |
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$310 M USD Cryptocoin-based Ponzi Busted in Thailand http://www.coinbuzz.com/2015/04/13/arrests-in-ufun-crypto-currency-pyramid-scheme/In a bust on Friday, Thai police arrested four executives on charges of operating a pyramid scheme [ called "UFun", using ] a cryptocurrency called "Utoken", and stealing over 10 billion baht (roughly US$310 million). [ ... ] UFun sold various cosmetics and supplements. The company focused on referring new customers, rather than selling the products. Customers were encouraged to invest up to $50,000 in order to receive discounts on the products. [ ... ] UFun used its own cryptocurrency called UToken to let customers purchase its products. [ ... ] Websites promoting Utoken claim that it "will outperform Bitcoin and eventually overtake Bitcoin as the Ultimate Digital Currency".  It's crazy like everytime these ponzi operators find so many idiots with money. |
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sAt0sHiFanClub
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April 13, 2015, 11:07:12 PM |
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$310 M USD Cryptocoin-based Ponzi Busted in Thailand http://www.coinbuzz.com/2015/04/13/arrests-in-ufun-crypto-currency-pyramid-scheme/In a bust on Friday, Thai police arrested four executives on charges of operating a pyramid scheme [ called "UFun", using ] a cryptocurrency called "Utoken", and stealing over 10 billion baht (roughly US$310 million). [ ... ] UFun sold various cosmetics and supplements. The company focused on referring new customers, rather than selling the products. Customers were encouraged to invest up to $50,000 in order to receive discounts on the products. [ ... ] UFun used its own cryptocurrency called UToken to let customers purchase its products. [ ... ] Websites promoting Utoken claim that it "will outperform Bitcoin and eventually overtake Bitcoin as the Ultimate Digital Currency". This is bullish, isnt it? :1,$s/UFun/LeoCoin/g |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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April 13, 2015, 11:11:08 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
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sAt0sHiFanClub
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April 13, 2015, 11:15:38 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
Its in duty free, getting sh*tfaced on Stella and C'ptn Morgans. You just know its going to get dirty. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 13, 2015, 11:15:56 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
When you see a lot of shorts covering I think it's a hint. Still have a lot of time |
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Cconvert2G36
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April 13, 2015, 11:17:43 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
When you see giant 20-30k red dildos and the price dropping $30-50 in minutes. Pretty simple really. |
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Tabata11
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April 13, 2015, 11:19:42 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
When you see giant 20-30k red dildos and the price dropping $30-50 in minutes. Pretty simple really. so we can potentially profit from whales dumping and pumping if we do it at the same time too ?  |
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EpStROM
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April 13, 2015, 11:23:01 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
When you see giant 20-30k red dildos and the price dropping $30-50 in minutes. Pretty simple really. so we can potentially profit from whales dumping and pumping if we do it at the same time too ? Only if they pump  |
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WeltMaster
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April 13, 2015, 11:23:52 PM |
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So we bounced off the 61.8 fib line
Still shaky to open a long but if that holds, this whole thing could just be an abc elliot wave which could take us much higher?
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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April 13, 2015, 11:24:01 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
When you see giant 20-30k red dildos and the price dropping $30-50 in minutes. Pretty simple really. so we can potentially profit from whales dumping and pumping if we do it at the same time too ? they are all whales in here, didn't you notice? |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 13, 2015, 11:24:39 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
When you see giant 20-30k red dildos and the price dropping $30-50 in minutes. Pretty simple really. so we can potentially profit from whales dumping and pumping if we do it at the same time too ? If you spot it quick enough you can. I wouldn't recommend it cause it's risky |
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RWeItc
Newbie
Offline
Activity: 14
Merit: 0
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April 13, 2015, 11:25:08 PM |
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Question: how will we know DOOOM when it gets here? Is it here yet? Is it in arrivals?
When you see giant 20-30k red dildos and the price dropping $30-50 in minutes. Pretty simple really. so we can potentially profit from whales dumping and pumping if we do it at the same time too ? All you have are dead cat bounces and fake recovers, after it will be new lower low. Saying "pumping or pumps" you mean these? then no, stay away from bitcoin or you lose money |
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