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Old November 29, 2017, 21:04   #51
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Getting a bit toppy now. Sold some BTC and BCC and put proceeds into cash account. Today I bought units of MV Oil Trust and AmeriGas Partners LP for additional income.

Still have BTC, ETH and LTC now and have a distribution of BTG coming early in December which I will cash out and reinvest into physical American Silver Eagles.
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Old November 30, 2017, 07:24   #52
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Getting a bit toppy now. Sold some BTC and BCC and put proceeds into cash account. Today I bought units of MV Oil Trust and AmeriGas Partners LP for additional income.

Still have BTC, ETH and LTC now and have a distribution of BTG coming early in December which I will cash out and reinvest into physical American Silver Eagles.
Your benevolent Uncle Sam prolly wants his cut of the 'profits'.
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Old November 30, 2017, 08:25   #53
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Haven't actually sold the BTG and BCC yet as the distribution for the BTG goes into my account on Dec. 4th and the BCC in January. Just as well, because the IRS is on the prowl now and just got the court to okay going through records at Coinbase. Seems only about 800+ people paid taxes on their crypto gains from 2013 to 2015 but the search at Coinbase covers only around 14000 accounts.

http://fortune.com/2017/11/29/irs-coinbase/

This is why you transact buy and sell through TOR or VPN and put into a cold wallet after using a shaker (not shape-shifter) and then moving the cleaned cryptos into a hard wallet like a Trezor or Ledger device. Still tough to hide from the ever increasing power of government super computers at the IRS and NSA. Even so, the draw on resources needed will probably mean that tracking will be confined to major players transacting cryptos where it is cost effective.
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Old December 01, 2017, 07:56   #54
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Haven't actually sold the BTG and BCC yet as the distribution for the BTG goes into my account on Dec. 4th and the BCC in January. Just as well, because the IRS is on the prowl now and just got the court to okay going through records at Coinbase. Seems only about 800+ people paid taxes on their crypto gains from 2013 to 2015 but the search at Coinbase covers only around 14000 accounts.

http://fortune.com/2017/11/29/irs-coinbase/

This is why you transact buy and sell through TOR or VPN and put into a cold wallet after using a shaker (not shape-shifter) and then moving the cleaned cryptos into a hard wallet like a Trezor or Ledger device. Still tough to hide from the ever increasing power of government super computers at the IRS and NSA. Even so, the draw on resources needed will probably mean that tracking will be confined to major players transacting cryptos where it is cost effective.
And then, of course I'm sure you meant to say, you claim the gain and give your uncle his vig, because you always live within the Law of the Land. Right?
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Old December 01, 2017, 08:09   #55
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This just in

CME and CBOE will be allowed to list Bitcoin 'futures'.

Are you a buyer or a seller????
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Old December 01, 2017, 09:03   #56
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And then, of course I'm sure you meant to say, you claim the gain and give your uncle his vig, because you always live within the Law of the Land. Right?
Ohhhh .... but of course

I think we all knew that the Feral government would be ready to pounce as soon as they sniffed any money being made. Kind of hard now that they let slip that the Federal Reserve was "watching" cryptos ...

We are on the RADAR now.

http://www.telegraph.co.uk/technolog...ety-financial/
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Old December 05, 2017, 23:15   #57
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BITCOIN SMASHES THROUGH $12,220



BTC = $12,220
ETH = $460
LTC = $103
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Old December 06, 2017, 18:05   #58
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Meanwhile ... Bitcoin soars through $14,100 and rising ...

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Old December 06, 2017, 19:56   #59
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Meanwhile ... Bitcoin soars through $14,100 and rising ...

In general buying during a runup like this is a bad idea. Gold, silver & tulips come to mind. Much better for those so inclined to gather quietly and deliberately than to become bedazzled by the trend of the day. Personally I like the idea of bitcoin and honestly it may not even be near the peak atm. But I wouldn't go near it in the midst of all this emotion no matter what, to a cranky old contrarian like myself all the hype is just a massive warning to stay as far away from this stuff as I possibly can.

Said it before and will say again, when something finally does replace FRNs it's gonna be bitcoin or something very much like it. But you can be sure that whatever it is and whenever it happens the usual suspects are gonna have their hands all over it as they have had for centuries. And they ain't gonna let go peacefully.
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Old December 06, 2017, 20:24   #60
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And up again .... $14,300 ...

That's a 20% increase in the last 24 hours.

Meanwhile, Ethereum and Litecoin have cooled off slightly ...
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Old December 06, 2017, 20:33   #61
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In general buying during a runup like this is a bad idea. Gold, silver & tulips come to mind. Much better for those so inclined to gather quietly and deliberately than to become bedazzled by the trend of the day. Personally I like the idea of bitcoin and honestly it may not even be near the peak atm. But I wouldn't go near it in the midst of all this emotion no matter what, to a cranky old contrarian like myself all the hype is just a massive warning to stay as far away from this stuff as I possibly can.

Said it before and will say again, when something finally does replace FRNs it's gonna be bitcoin or something very much like it. But you can be sure that whatever it is and whenever it happens the usual suspects are gonna have their hands all over it as they have had for centuries. And they ain't gonna let go peacefully.
The 'distributed ledger technology' is reportedly very interesting to those people you refer to.
Bitcoin will not replace the dollar. I have read that it will have a finite distribution and therefore does not have the scalability to replace the dollar as currency, but something using the DLT will be used if(when) they go to a cashless economy.
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Old December 06, 2017, 21:05   #62
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The 'distributed ledger technology' is reportedly very interesting to those people you refer to.
Bitcoin will not replace the dollar. I have read that it will have a finite distribution and therefore does not have the scalability to replace the dollar as currency, but something using the DLT will be used if(when) they go to a cashless economy.
When the US Dollar goes digital it will be tightly controlled. Government can then track or even steal you money for any reason at that point with a few keystrokes. Either punishment or to restrict ability to conduct business or survive. That is why anonymous Cryptos will be around. They offer privacy and are convertible in all currencies and as a vehicle for trade. Need to bail and go on the lam? Grab your Trezor or Ledger and book it to the airport or where ever. If online in "cold" storage you can retrieve funds later since the "key" is in your head.

There will always be a competitor to national currencies much like silver and gold which the US Government made illegal (gold) for a few years but always retained value. They will try to make Cryptos illegal or try to control them eventually but then as its global and online they have about as much chance of that as they do controlling online gambling or porn.
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Old December 07, 2017, 05:18   #63
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And there it is ...

$15,100 ....



And still rising ...
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Old December 07, 2017, 06:06   #64
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Jeeeesssssuuuussssss .....

Now $16,000 and rising!!!

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Old December 07, 2017, 09:39   #65
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Isn't this was called,"volatility"? I don't know whats worse,the bitcoin,or the dollar its pegged against.
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Old December 10, 2017, 21:19   #66
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CBOE Website Crashes As Bitcoin Futures Trading Begins

The CBOE’s website crashed within minutes of the CBOE open on Sunday – which also marked the launch of the first bitcoin futures to trade on a major exchange – while the price of a bitcoin spiked 10% in five minutes as the new contract with the ticker XBT fluctuated wildly.

The embarrassing crash happened as the entire financial world was closely watching the first attempts at institutionalization of bitcoin:

READ MORE: http://www.zerohedge.com/news/2017-1...ezed-10-higher
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Old December 10, 2017, 21:31   #67
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All You Need To Know About Today’s Bitcoin Futures Contract

CBOE Global Markets Inc and CME Group Inc will launch futures contracts on bitcoin on Dec. 10 and Dec. 17 respectively. Here are some of the differences between the products to be offered by the exchange operators.

CONTRACT UNIT

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The Cboe Bitcoin Futures Contract will use the ticker XBT and will equal one bitcoin.
The CME Bitcoin Futures Contract will use the ticker BTC and will equal five bitcoins.
PRICING AND SETTLEMENT

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Both Cboe’s and CME’s bitcoin futures contracts will be settled in U.S. dollars, allowing exposure to the bitcoin without actually having to hold any of the cryptocurrency.
Cboe’s contract will be priced off of a single auction at 4 p.m. Eastern time (2100 GMT) on the final settlement date on the Gemini cryptocurrency exchange.
CME’s contract will be priced off of the CME Bitcoin Reference Rate, an index that references pricing data from cryptocurrency exchanges, currently made up of Bitstamp, GDAX, itBit and Kraken.
READ MORE: http://www.zerohedge.com/news/2017-1...tures-contract
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Old December 11, 2017, 21:11   #68
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I'm starting to wonder if this isn't the whole idea.
Inflate it to the sky,let it fall at just the right time,then short it.


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Old December 17, 2017, 03:19   #69
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Bitcoin values are skyrocketing, and North Korea appears to be trying to profit from that virtual gold rush. Secureworks reports that the Lazarus Group (a team linked to the North Korean government) has been conducting a spearphishing campaign against cryptocurrency industry workers in a bid to steal bitcoin. The attacks have tried to trick workers into compromising their computers by including a seemingly innocuous Word file that claims they need to enable editing to see the document. If they fell prey, it installed a rogue macro that quietly loaded a PC-hijacking trojan while staffers were busy looking at the bogus document.
Attempts have been taking place as recently as November, but Secureworks' analysts saw activity as early as 2016. The organization adds that the campaign is likely still going, and that this is a preliminary report. You may get a better sense of the scope in the future.
https://finance.yahoo.com/news/north...233700627.html
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Old December 18, 2017, 07:09   #70
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I'm starting to wonder if this isn't the whole idea.
Inflate it to the sky,let it fall at just the right time,then short it.


If so this would be about the oldest trick in the book. Would not surprise me a bit, the only thing that argues against it is that it would be hard to organize.

I still would not touch it. The world just isn't ready to move crypto currencies into general use. Although it will be one day.
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Old December 18, 2017, 18:04   #71
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Just issue your own.

https://economictimes.indiatimes.com...w/62094457.cms
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Old December 19, 2017, 20:34   #72
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Is Bitcoin a tulip bubble investment or an actual currency? Nobody can seem to decide. I see some possibilities here but I think we are a long way from working out the final answer to how it's all really going to work.
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Old December 19, 2017, 23:03   #73
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Is Bitcoin a tulip bubble investment or an actual currency? Nobody can seem to decide. I see some possibilities here but I think we are a long way from working out the final answer to how it's all really going to work.
Bitcoin is one of 3200 crypto currencies. More are being issued every day. They are only good as long as the power is on, so they should be labeled electro crypto currency. You decide.
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Old December 20, 2017, 02:27   #74
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Cashed out. Took my coin off the table as it were. Booked a tidy profit. Have a nominal amount in BCC now, but mostly cash. Can't complain. Was a great ride and may surge higher but looks a bit tired and ready for a pullback.
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Old December 20, 2017, 05:35   #75
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Is Bitcoin a tulip bubble investment or an actual currency? Nobody can seem to decide. I see some possibilities here but I think we are a long way from working out the final answer to how it's all really going to work.
It's a currency as long as it's used as one. Which is to say as long as folks think it's one. But which way will the herd turn? Well that IS the question isn't it???

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Cashed out. Took my coin off the table as it were. Booked a tidy profit. Have a nominal amount in BCC now, but mostly cash. Can't complain. Was a great ride and may surge higher but looks a bit tired and ready for a pullback.
Smart. Good deal. Always leave some, the alternative doesn't bear thinking about.
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Old December 20, 2017, 08:08   #76
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It's a currency as long as it's used as one.
.
Good point. And the same can be said of all currencies and other forms of 'saving' todays excess labor value for future use.

The entire financial system is one of mutual agreement by the masses.

The current financial system is deeply entrenched in the modern psyche, but is no more stable and permanent than the electric current that crypto currencies depend on.
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Old December 20, 2017, 11:47   #77
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Looks like Lee cashed out..
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Old December 20, 2017, 13:01   #78
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Got the email from Coinbase that they now sell Bitcoin Cash (BCC) but did get some BCC from the "fork" and grabbed some BCC on Kraken before Coinbase announced.

Seems there may have been some "insider" trading and Coinbase shutdown for a time to look into it. The Swede BTO Co-founder of Bitcoin sold his BTC position this last week. He swapped some into BCC.

Also, founder Charlie Lee of Litecoin sold his LTC holdings over the last couple days.

These sales were the signs for me to bail out yesterday as well. When the "Whales" sell it's done (at least for the time being).
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Old December 20, 2017, 16:20   #79
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Meet Marlon Jensen

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NEW YORK CITY – A New York man has been arrested after he reportedly made over a million dollars selling Chuck E. Cheese tokens as Bitcoins on the streets.
https://www.huzlers.com/bitcoin-scam...s-as-bitcoins/
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Old December 20, 2017, 17:46   #80
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:r ofl:
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Old December 20, 2017, 20:00   #81
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It's a currency as long as it's used as one. Which is to say as long as folks think it's one. But which way will the herd turn? Well that IS the question isn't it???
Well right now other than a few baubles and isolated things, Bitcoin is as worthless as a currency as waving around 5.25 inch floppy disks from the 1980's.

I think there are some interesting ideas going with this but I don't think we've seen the final solution yet. And if there is, government is going to be all over it.
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Old December 20, 2017, 20:03   #82
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Surely that can't be a true story...
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Old December 21, 2017, 04:07   #83
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People *ARE* dumbasses but...

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Surely that can't be a true story...
...read the Huzlers' mission statement.
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Old December 21, 2017, 13:22   #84
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Booked profits. Closed out BCC this morning. Looks like the fun is over now. May buy back in after the dust settles at much lower prices. Can't complain. Profits into the six figures on a small investment. Now the tax burden is the next step to deal with. My CPA is gonna kill me.
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Old December 22, 2017, 13:42   #85
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Congrats Black Blade. I had heard of BC when it was around 500. Didn’t know how to buy etc. a few more home runs like that and you can retire, eh!
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Old December 22, 2017, 15:28   #86
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Bitcoin crashed today and trading was stopped by coinbase.

https://www.ft.com/content/a72a61dc-...9-0191e45377ec
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Old December 22, 2017, 22:54   #87
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This rise-and-fall has all the hallmarks of a Bond villain's evil scheme.

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The size of the entire cryptocurrency space is about $426.14 billion, according to pricing website CoinMarketCap, down from $610.43 billion at the start of the day. (Eastern time; digital currencies trade 24 hours a day.) That’s a decline of more than $184 billion, which is larger than such iconic companies as Boeing Co. (BA) , PepsiCo Inc. (PEP) , and Walt Disney Co. (DIS)
https://www.msn.com/en-us/money/mark...cid=spartandhp
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Old December 23, 2017, 08:55   #88
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Crypto Traders Spooked After Korean Bitcoin Exchange Files For Bankruptcy

December 19, 2017

A cryptocurrency exchange in South Korea collapsed on Tuesday after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves. This spooked Asian investors who sold Bitcoin (and other cryptos).

As The Wall Street Journal reports, Yapian, the company that operates a Seoul-based exchange called Youbit, suspended digital-currency trading and filed for bankruptcy after its systems were hacked in the predawn hours of Tuesday. The exchange trades 10 virtual currencies including bitcoin and ethereum.

Yapian said in a statement that the latest security breach caused it to lose 17% of its total assets. The company didn’t specify the type of virtual currencies that were stolen or the financial value of its losses. In April, Youbit, formerly called Yapizon, lost 4,000 bitcoins now worth $73m to cyberthieves.

Users of the exchange with digital coins in their online accounts were told by Youbit on Tuesday that they could withdraw about 75% of their cryptocurrency for the time being. The remaining balances would be returned after the company goes through bankruptcy proceedings, it said.

It said it was “very sorry” that it had been forced to shut down.

Once again however, the dip in BTC is being bought off the lows…

Ethereum had surged overnight (touching almost $900 in overnight trading) but was also sold on the Korea news…

MORE:

http://www.zerohedge.com/news/2017-1...les-bankruptcy
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Old December 23, 2017, 10:10   #89
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December 19, 2017

A cryptocurrency exchange in South Korea collapsed on Tuesday after it suffered a second cyberattack in eight months and lost a large amount of its digital-currency reserves. This spooked Asian investors who sold Bitcoin (and other cryptos).

As The Wall Street Journal reports, Yapian, the company that operates a Seoul-based exchange called Youbit, suspended digital-currency trading and filed for bankruptcy after its systems were hacked in the predawn hours of Tuesday. The exchange trades 10 virtual currencies including bitcoin and ethereum.

Yapian said in a statement that the latest security breach caused it to lose 17% of its total assets. The company didn’t specify the type of virtual currencies that were stolen or the financial value of its losses. In April, Youbit, formerly called Yapizon, lost 4,000 bitcoins now worth $73m to cyberthieves.

Users of the exchange with digital coins in their online accounts were told by Youbit on Tuesday that they could withdraw about 75% of their cryptocurrency for the time being. The remaining balances would be returned after the company goes through bankruptcy proceedings, it said.

It said it was “very sorry” that it had been forced to shut down.

Once again however, the dip in BTC is being bought off the lows…

Ethereum had surged overnight (touching almost $900 in overnight trading) but was also sold on the Korea news…

MORE:

http://www.zerohedge.com/news/2017-1...les-bankruptcy
So, if these crypto currencies can be 'stolen', then I guess they are not as 'secure' as the scuttlebutt would lead one to believe.
And if some hacker in a basement somewhere can hack an exchange, then I have to assume that the NSA is keeping track of all this stuff, so there goes any anonymity.
I think I will stick with tangible things.
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Old December 23, 2017, 10:56   #90
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This rise-and-fall has all the hallmarks of a Bond villain's evil scheme.

https://www.msn.com/en-us/money/mark...cid=spartandhp
It's a modern day ponzi scheme with a lot of suckers. As long as enough suckers keep pumping money in and the inflow exceeds the outflow, all good. But like we saw this week, once the big boys cash out and all is revealed it all collapses fast.

I think there is some potential for some form of crypto currency, especially in international and business transactions, but we are a way off of the actual solution yet.
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Old December 23, 2017, 12:23   #91
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Takes a real salesman to sell you nothing for your money, an investment that turned out to look like a pyramid scheme. Some win and some lose.
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Old December 23, 2017, 12:35   #92
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Takes a real salesman to sell you nothing for your money, an investment that turned out to look like a pyramid scheme. Some win and some lose.
Just get a few 'whales' to trade back and forth with each other to 'print the tape' with unprecedented gains in 'value' and watch the people line up for a piece of the action.
Human greed is very predictable.
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Old December 23, 2017, 12:39   #93
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Speaking of tangible investments, commodities have been beaten down in recent years and should do well in 2018. Gold is not one of them though. Probably a few more years for it to take off, when everyone has left it for dead and it’s the worst investment on the board.
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Old December 23, 2017, 15:13   #94
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Speaking of tangible investments, commodities have been beaten down in recent years and should do well in 2018. Gold is not one of them though. Probably a few more years for it to take off, when everyone has left it for dead and it’s the worst investment on the board.
Most stuff is going to be cyclical. Gold will probably be flat for a while or go down. Two years ago when mining and petroleum went down I bought in and picked up a lot of stocks like Rio Tinto and Broken Hill cheap. I'm doing quite well with those stocks now.
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Old December 23, 2017, 17:14   #95
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Just get a few 'whales' to trade back and forth with each other to 'print the tape' with unprecedented gains in 'value' and watch the people line up for a piece of the action.
Human greed is very predictable.
$20 says one of them whales looks like this guy.
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Old December 23, 2017, 21:04   #96
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Speaking of tangible investments, commodities have been beaten down in recent years and should do well in 2018. Gold is not one of them though. Probably a few more years for it to take off, when everyone has left it for dead and it’s the worst investment on the board.
I'm betting on ETF's in 2018. I have some shares of AMPL that is returning around 8%. I was going to go with EPD at 10% return, but settled on AMPL which has about 10% EPD in it's fund.
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Old December 24, 2017, 12:30   #97
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$20 says one of them whales looks like this guy.
Perhaps, but could just as easily resemble this guy.

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Old December 24, 2017, 18:02   #98
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People are gullible:

So who runs Coinbase and is behind it?

http://www.zerohedge.com/news/2017-1...-how-step-step

Mmmkay.... so here you are giving a fingerprint, bank account info, copy of drivers licence, a selfie photo, your occupation and place of work, etc. all for what is called an untraceable currency.

At a minimum, if legit, wait until someone hacks that. You know when the credit bureau got hacked they got your SS#, with this they have everything they need for identity theft.
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Old December 28, 2017, 16:42   #99
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S Korea may shut down some exchanges. Bitcoin drops some more

https://www.bloomberg.com/news/artic...Id=yhoo.hosted
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Old December 28, 2017, 21:13   #100
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Quote:
Originally Posted by wanneroo View Post
People are gullible:

So who runs Coinbase and is behind it?

http://www.zerohedge.com/news/2017-1...-how-step-step

Mmmkay.... so here you are giving a fingerprint, bank account info, copy of drivers licence, a selfie photo, your occupation and place of work, etc. all for what is called an untraceable currency.

At a minimum, if legit, wait until someone hacks that. You know when the credit bureau got hacked they got your SS#, with this they have everything they need for identity theft.
Or you can simply buy/exchange Bitcoin or most any Cryptos face-to-face locally and store on a "hard wallet" like Trezor or Ledger. Even buy through an anonymous methof by using TOR or VPN and filter through a "shaker" or "mixer" and dropping onto your hard wallet. Poof .... the trail goes cold and Big Brother goes blind.
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