Icygreen
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August 16, 2018, 04:08:29 PM |
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A good doco (well spotted) but you can't help the feeling of deja vu: Massive corporate fraud to rip off ordinary people and the ones who make the money don't give a shit and don't even think it's doing anything wrong. It's just 'normal', nothing changes. Business as usual. No one goes to jail. Yes depressing stuff, but I think bitcoin will eventually bring about an honest business climate again. Reputation will be everything, and con-men and idiots will have nowhere to go, except prison or the woodchipper. The system lapped up the ICOs (and why not - free money) but they don't like Bicoin yet. They will when they can fractionally reserve it. Look further into ICE / Bakkt, they want to find a way. You do good research, V8. When you get a moment, check this podcast on what ICE 'may' mean - it's worth a listen: https://itunes.apple.com/us/podcast/why-ice-bakkt-news-makes-some-crypto-investors-nervous/id1347049808?i=1000417570519&mt=2ICE wont be stopped by the SEC, they own the fucking NYSE (and 22 other exchanges). It might not all be good news they are looking to get into Bitcoin. And before you say 'Bitcoin can't be in a fractional reserve situation' think again. Because it actually could. Um... Like I'll be accepting an IOU piece of paper to represent bitcoin. It was done on metals but I'm not so sure the people are that gullible for the same trick. Its interesting to see how ICE wants a piece of the pie. They sure as hell wont send my money to anything crypto related as I found out a couple weeks ago while trying. Ha Bullish! It already happens, though - when you short (as I am sure people here do on occasion), as you 'borrow' Bitcoin to sell. The Exchange credits or debits accordingly - but the numbers are in a database, no coins are in your personal wallet under your private key. It's not a big step for an institution to 'lend' coins it has custody over, or lend them twice and for these coins to have more than one owner. Some exchanges have done this before and some probably still do. Not all the people want all their bitcoins back at once, so there are always some spare in the cold wallet. Yes, you or I will always want to have our coins under our own key. It has always been essential for us to do so. But other investors would probably rather not. Institutions can just 'credit your account' with Bitcoin they do not actually have, as banks do with fiat all the time - thus increasing the supply of Bitcoin out there (on paper). ICE and Bakkt will be custodians of people's coins (how nice of them) and the ability of them to 'use' the coins to make money by rehypothecating them will be part of their business model. You may not be gullible, but if others accept paper custodianship, then Bitcoins can be rehypothecated and (more) Bitcoins will be bought and sold that do not exist. ICE are big enough to do this in a much bigger way and the market for Bitcoin may well become just like all the other markets. And there will be far, far more bitcoins being traded out there than actually exist. Yet another example of a market for bitcoin that's NOT bitcoin. ETN's? https://www.newsbtc.com/2018/08/16/crypto-markets-rally-as-us-investors-get-exposure-to-bitcoin-etn/ |
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infofront (OP)
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Shitcoin Minimalist
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August 16, 2018, 04:29:21 PM |
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El duderino_
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BTC + Crossfit, living life.
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August 16, 2018, 04:57:14 PM |
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24777 07/07/2018 IntroVert  03/08/2018 toxic2040 28/08/2018 bitserve 15/10/2018 Yefi 05/11/2018 mikenz 31/12/2018 melman2002 01/01/2019 Spaceman_Spiff_Original 12/02/2019 FractalUniverse 21/04/2019 gentlemand 20/02/2020 romneymoney 18/12/2021 luckygenough56 another 1 fall of UPDATE AND GOOD LUCK |
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El duderino_
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BTC + Crossfit, living life.
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August 16, 2018, 04:59:03 PM |
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12288 08/08/2018 infofront 10/08/2018 HairyMaclairy 15/08/2018 Phil_S 16/08/2018 Rosewater Foundation 17/08/2018 B1tUnl0ck3r 19/08/2018 Imbatman 21/08/2018 BitcoinBunny 27/08/2018 soullyG 28/08/2018 RealMachasm 29/08/2018 STT 04/09/2018 flynn 08/09/2018 xhomerx10 09/09/2018 vapourminer 11/09/2018 Dakustaking76 20/09/2018 Digigami 22/09/2018 Agapios 26/09/2018 itod 30/09/2018 DeathAngel 12/10/2018 IntroVert 15/10/2018 explorer 18/10/2018 Searing 26/10/2018 kurious 09/11/2018 fabiorem 15/11/2018 bitserve 20/11/2018 Globb0 22/11/2018 Last of the V8s 01/12/2018 Alexander_Z 07/03/2019 CoinCube 15/04/2019 Spaceman_Spiff_Original 20/06/2019 bitebits 13/12/2019 nikauforest 10/04/2020 yefi 05/09/2020 samson 23/06/2021 fortune143 getting shorter as well  common bulls ,let one of the next be a lucky one |
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naturerock
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August 16, 2018, 05:32:28 PM |
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BTC: predicted sideway transient range $6100 to $6800
Expected: 24-26 /08/2018 will reverse => decreased from $6700 / $6800 down The BTC is expected to start in September. Specifically, from September 4 to June 6, bottom $5300 will be formed and reversed What is the opinion of people? Good if you actually believe this nonsense go take out some short positions. |
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Phil_S
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We choose to go to the moon
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August 16, 2018, 05:53:40 PM |
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Oh no.
Not again.
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aaroque2003
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August 16, 2018, 05:59:49 PM |
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doc12
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August 16, 2018, 06:08:49 PM |
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Sure this crooks will juice the idiots till the last penny. |
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aaroque2003
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August 16, 2018, 06:11:06 PM |
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Sure this crooks will juice the idiots till the last penny. INDEED.... What a Disgusting human being !!!!!.. Speechless..  |
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doc12
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August 16, 2018, 06:15:06 PM |
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Sure this crooks will juice the idiots till the last penny. INDEED.... What a Disgusting human being !!!!!.. Speechless.. Really funny that the protocol is called "Wormhole Cash", is this is joke or something to make fun of the idoiots ? Like your cash is sucked into the wormhole and its gone hahaha  |
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Torque
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August 16, 2018, 06:15:28 PM |
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OT - You think Bitcoin is a pump and dump scam? Nope not even close, check this out : https://www.marketwatch.com/investing/stock/hmnyLook at that 2 yr chart.  RIP. Remember kids, any stock, penny stock, shitcoin, or ICO scam coin can dilute to infinity! |
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goldkingcoiner
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Verified Bitcoin Hodler
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August 16, 2018, 06:21:42 PM |
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 6,6k as a new target for bull reversal going back to 7490?
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aaroque2003
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August 16, 2018, 06:26:10 PM |
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OT - You think Bitcoin is a pump and dump scam? Nope not even close, check this out : https://www.marketwatch.com/investing/stock/hmnyLook at that 2 yr chart. RIP. Remember kids, any stock, penny stock, shitcoin, or ICO scam coin can dilute to infinity! Oops.. Which shitcoin was that one... ? hahahaha.. Let me repeat and Never forget this... "Remember kids, any stock, penny stock, shitcoin, or ICO scam coin can dilute to infinity!"  |
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doc12
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August 16, 2018, 06:28:49 PM |
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OT - You think Bitcoin is a pump and dump scam? Nope not even close, check this out : https://www.marketwatch.com/investing/stock/hmnyLook at that 2 yr chart. RIP. Remember kids, any stock, penny stock, shitcoin, or ICO scam coin can dilute to infinity! Oops.. Which shitcoin was that one... ? hahahaha.. Let me repeat and Never forget this... "Remember kids, any stock, penny stock, shitcoin, or ICO scam coin can dilute to infinity!" At least the money is not gone, its just sucked into the Wormhole Cash (and belong to someoen different) |
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infofront (OP)
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August 16, 2018, 06:38:05 PM Merited by BobLawblaw (5) |
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@infofront: Aggressive chemotherapy is being recommended at this time.
I haven't had much time the last several days. Plan Calamari 23 is now in effect. |
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celtic99
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August 16, 2018, 07:02:33 PM |
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Follow the Law of Attraction , if we all believe the price will go back to 20k by the end of this year it will happen if enough people do it.
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El duderino_
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BTC + Crossfit, living life.
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August 16, 2018, 07:28:51 PM |
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Follow the Law of Attraction , if we all believe the price will go back to 20k by the end of this year it will happen if enough people do it.
are you very sure when everybody keeps buyin the price would go UP  |
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El duderino_
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BTC + Crossfit, living life.
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August 16, 2018, 07:48:18 PM |
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 LOL |
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infofront (OP)
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August 16, 2018, 07:51:30 PM |
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Look at how the sentiment has changed:   People often talk about capitulation like it will show up as one huge, red dildo. Capitulation is not an event, but a process. You can see in the polls above how the bear market has been grinding everyone down over the past four months. TLDR: Bear market near end |
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JayJuanGee
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Activity: 3696
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Self-Custody is a right. Say no to"Non-custodial"
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August 16, 2018, 07:55:36 PM |
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We ruined a bunch of young people that will never come back.
We hate young people. The stock crash of '09 burned a bunch of millenials on every investing in the stock market, and the crypto-crash of '18 will, I'm sure burn a bunch more people on every investing in crypto. You are predicting that this current crash is NOT over? What are the chances that there is another uprun in altcoins and BTC before the BIG CRASH comes? Do you know? Can you reasonably presume that this time around is the BIG ONE? I will concede that a lot of peeps already got reckt, but there are a lot of peeps also who are ready, willing and able to ride out the downwave, assuming that there is going to be another upwave at some point. Personally, I have my doubts that this current correction is going to be a several year long correction that really weeds out the vast majority of 14 year old crypto speculators. myself, it looks a lot like 2014 to say Jan of 2016 a lot of drama, sideways price movement on BTC and LTC and other altcoins. This may take a bit. ~sounds like i will crash markets cheaper, friends can trade up~ Who would do that, Roger played this game at GOX, CRYPTSY, and now WEX How they get your coins Saw it all with the trolls back in 2013 HODL I did not say anything near your synopsis... dumb troll-bot fuck. |
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