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sgk
Legendary
 Offline
Activity: 1470
Merit: 1002
!! HODL !!
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February 09, 2015, 01:25:14 PM |
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WHOAA.... $387 Million...! That's a lot of money!  |
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rollingMyCar
Member
Offline
Activity: 112
Merit: 10
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February 09, 2015, 01:28:11 PM |
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until now.. it seems who the news do not affect the bitcoin price!!!! hope the bitcoin price trend do not fall !!!  |
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Q7
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February 09, 2015, 02:09:09 PM |
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If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each. Oh my, not again. This is big. If it is true, it will definitely cripple investors confidence that they have towards bitcoin. |
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gbianchi
Legendary
Offline
Activity: 3094
Merit: 2647
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February 09, 2015, 02:13:24 PM |
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If true, the supposed losses are a staggering amount, although this estimate is based on the company's own earlier claims that it served 3,000 clients who had invested HK$1m ($12,890) each. Oh my, not again. This is big. If it is true, it will definitely cripple investors confidence that they have towards bitcoin. people must learn that Bitcoin is good, Centralized exchanges are bad. |
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Newar
Legendary
Offline
Activity: 1358
Merit: 1000
https://gliph.me/hUF
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February 09, 2015, 02:21:04 PM |
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[...] taking with it possibly as much as HK$3bn ($386.9m) in investor funds.[...]
That was the claim of the site. Now, why would you trust that number in any way? |
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HarmonLi
Sr. Member
Offline
Activity: 350
Merit: 250
Honest 80s business!
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February 09, 2015, 02:22:00 PM |
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Are we talking about investments in the form of money people put on the exchange in order to trade or other investments in term of capital support? The amount seems so incredibly high and puts BitStamps fiasco in perspective. I've never heard of that exchange before, how can they be such a big deal?
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GermanGiant
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February 09, 2015, 02:23:09 PM |
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until now.. it seems who the news do not affect the bitcoin price!!!! hope the bitcoin price trend do not fall !!! Bitcoin price will always show the reverse trend than the expected. |
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ujka
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February 09, 2015, 02:28:18 PM |
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dsly
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February 09, 2015, 03:42:54 PM |
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Didn't the article following up say the amount was wrong and the correct amount was lower ?
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rememberme
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February 09, 2015, 03:48:55 PM |
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38MIll not 380
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chanz
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February 09, 2015, 03:51:03 PM |
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That's some Gox shit right there again, rekt  |
My BTC address : 1KfS1c14Tg2hgQEVz2bCJeFox6FpyYFvM6
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Mewtwo
Full Member
Offline
Activity: 238
Merit: 100
ROAD TO HEAVEN...
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February 09, 2015, 03:56:48 PM |
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Why does this keep happening to the bitcoin community? Wasn't 2014 enough of a shitty year... expecting the price to drop even lower now after this... should try and get some cheap coins after that.
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LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
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February 09, 2015, 04:02:06 PM |
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$386.9m? i doubt that.  @rememberme that would be more realistic. |
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ujka
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February 09, 2015, 04:04:48 PM |
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$386.9m? i doubt that. As known so far, 30 victims seek help and they claim loss of 1 million HKD on average. The legislative councillor speculates that there are 3000 victims and ALL OF THEM lost 1 million HKD. That's how the 3 billion HKD got calculated. |
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manselr
Legendary
Offline
Activity: 868
Merit: 1004
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February 09, 2015, 04:07:22 PM |
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Why does this keep happening to the bitcoin community? Wasn't 2014 enough of a shitty year... expecting the price to drop even lower now after this... should try and get some cheap coins after that.
Why do you expect your bitcoins to magically be safe when you give them to other people and there isn't any kind of regulation that forces them to keep them safely? it's people fault for putting their coins at exchanges. At least wait for the Winklevii one ffs. |
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sgk
Legendary
Offline
Activity: 1470
Merit: 1002
!! HODL !!
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February 09, 2015, 04:12:14 PM |
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Thanks, that pretty much sums it up. No reason to panic, guys. Here's the TL;DR version of that post:
[...]These news are ALL USING THE FAKE NUMBER[...]
[...]Most people in Mainland China and Hong Kong SAR know about this situation at long long time ago (people talked about this at many Chinese bitcoin forum since the end of 2014), Now today the exchanger finally gone down as everyone's expected.[...]
[...]A really small exchanger gone down, less than may be let's say half million HKD(including real bitcoins deposited at there) is lost [...]
[...]If you are waiting for Chinese market to panic, give it up, most Chinese know the mycoin.hk exchanger would runoff at a half year ago[...]
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ujka
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February 09, 2015, 04:15:17 PM |
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Very low number of coins were lost in this scam. It operated in HKD. Ppl sent in their fiat money, in return got an account at the exchange, and a number of IOU coins they could not withdraw.
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Alty
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February 09, 2015, 04:35:27 PM |
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So no need for widespread panic?
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sgk
Legendary
Offline
Activity: 1470
Merit: 1002
!! HODL !!
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February 09, 2015, 04:37:20 PM |
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So no need for widespread panic?
Nope.. say goodbuy to the hopes of freefall and cheap coins. |
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