Cryptocurrency

[northernladuk]

Not a good time for HKM to join. He's hoping he's going to make the 70k back he owes his company, scooter has just destroyed the alts he's all in for and then this news...

[psychocandy]

I thought you guys were saying it will challenge $5K again before mooning?

ETH has been hit hard.

Aye my eth tracker fund on hargreave lansdown is not faring well. 50% lost so far. Good few quid lost here.

[AtW]

Police grapple with rise in cryptocurrency fraud

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Cryptocurrencies have appealed to some criminals because the assets are held digitally via electronic identities that in many cases allow the owners to remain anonymous. As a result, they have been linked to fraud, as well as payments for prohibited goods such as drugs and terrorism financing."

https://www.ft.com/content/f5583d68-...2-5946bae86e6d

[AtW]

Cryptocurrency Fraud Costs Britons £2M This Summer

" Police have warned of a rise in cryptocurrency fraud as they struggle to keep up with with criminals turning to new technology to exploit investors, after British consumers lost more than £2 million ($2.6 million) in two months.

Statistics from Action Fraud, Britain’s national fraud and cybercrime reporting center, show that 203 people reported losing an average of £10,096 in June and July through scams using virtual currencies."

https://www.law360.com/cybersecurity...2m-this-summer

LOCK HIM UP!!!

[Hobosapien]

British consumers lost more than £2 million ($2.6 million) in two months.

They've lost more than that in the last two days, never mind months.

Over time they'll lose a lot more holding FIAT due to the combination of inflation outperforming saving interest rates and currency devaluation through printing (aka 'quantitative easing', to give it its shyster name).

Bitcoin is the gold of the tech generation.

[AtW]

FIAT is real money, right? What that makes cryptotulips - LADAs?

[scooterscot]

Chill chinchilla - I've been hit hard n all - glad I took some profits earlier in the year. Here's an important indicator that's telling us much but being ignored by most. BTC dominance is approaching the high it did in December before the alt-run began. Two things (I think I've said it before!)

1) If you're long on BTC and risk averse, do nothing. BTC will be $60k end of this year, $100k next. +/- a few $k will seem like peanuts soon enough.

2) If you're 90% in alts (like me) you'll have experienced a 50-90% pullback. Myself around 40%, but that's cause I've been in the game longer. I can't stress enough what a strong opportunity is about to begin. The opportunity to gain Satoshi value will be huge. It'll not occur in a day or a week but over a month. It should be strikingly obvious when to move those gains back into BTC.

That said, there could be black swan events on some alts, so for sure I'll not be going short on some positions after the run, I'd rather ride out the correction. Those include Zencash, CVC, DRGN, ETHOS, XMR.

PS: This is not financial advice just my own opinion.

[AtW]

Here's an important indicator that's telling us much but being ignored by most. BTC dominance is approaching the high it did in December before the alt-run began. Two things (I think I've said it before!)

1) If you're long on BTC and risk adverse, do nothing. BTC will be $60k end of this year, $100k next. +/- a few $k will seem like peanuts soon enough.

2) If you're 90% in alts (like me) you'll have experienced a 50-90% pullback. Myself around 40%, but that's cause I've been in the game longer. I can't stress enough what a strong opportunity is about to begin. The opportunity to gain Satoshi value will be huge. It'll not occur in a day or a week but over a month. It should be strikingly obvious when to move those gains back into BTC.

That said, there could be black swan events on some alts, so for sure I'll not be going short on some positions after the run, I'd rather ride out the correction. Those include Zencash, CVC, DRGN, ETHOS, XMR.

Oh dear - illegal financial advice offered! MODS!!!

[jamesbrown]

risk adverse

Your English and your numptycoins have something in common, scootie.

They're both converging to worthless.

[scooterscot]

Yeah but Mien Deutsch ist nicht so bad jetzt. Hast du etwas Zeit fur mich? Dan Singen eine lied fur dich. la la la la not listening.