rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Dec 11, 2017 12:19:56 GMT 7
Seems due to various reasons about 17% of all bitcoins 'issued' are lost due to various reasons. The main one might be 'forgot password/lost password' Total 'mined' till now about 16.8 million out of about 21 million possible. So, 2.5 million bitcoins just laying around. Haven't really looked at things, but I don't think these coins can be found as there doesn't seem to be a way to recognise them. I'm not even sure if it's possible to identify coins never 'used'. Remember 'never used' is not the same as 'lost', they may just be 'saved for a rainy day'. Personally I think it's just a fad with lots of people 'winning' a bit now and some others winning a lot. Till someone pulls the plug. Luckily I'm not a financial wizard, you may ignore my opinion  "People Who Can’t Remember Their Bitcoin Passwords Are Really Freaking Out Now Bitcoin has had quite a week. On Thursday, the cryptocurrency surged past $19,000 a coin before dropping down to $15,600 by Friday midday. The price of a single Bitcoin was below $1,000 in January. Any investors who bought Bitcoins back in 2013, when the price was less than $100, probably feel pretty smart right now." www.slate.com/blogs/future_tense/2017/12/10/bitcoin_nearly_half_the_market_controlled_by_1_000_people_per_bloomberg.html |
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,997
Likes: 9,332
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Post by rubl on Dec 11, 2017 13:04:30 GMT 7
Speculation? No, we're just suckers  "Bitcoin futures start with a bang as gain trips circuit breakers Bitcoin landed on Wall Street with a bang. Four hours after the debut of Cboe Global Markets Inc’s bitcoin futures, the contracts climbed more than 20% and triggered two trading halts designed to cool volatility. Dealers said initial volumes exceeded expectations, while traffic on Cboe’s website was so strong that it caused delays and outages. The exchange said all its trading systems were normal." www.bangkokpost.com/business/world/1376615/bitcoin-futures-start-with-a-bang-as-gain-trips-circuit-breakers |
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,997
Likes: 9,332
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Post by rubl on Dec 11, 2017 21:22:06 GMT 7
Bitcoins flying sky high. Buy them now. Of course the possible money laundry justifies a certain price, allegedly that is. "Bitcoin price surges as futures trading begins, despite bubble warnings – business live ... A senior ECB policymaker, Ewald Nowotny, has called for greater scrutiny of bitcoin to prevent it being used for moneylaundering. South Korea’s finance minister has also voiced concerns that bitcoin isn’t being regulated properly...." www.theguardian.com/business/live/2017/dec/11/bitcoin-price-futures-trading-begins-cryptocurrency-business-liveFor those less interested in virtual coins, I still have some black, real black tulip bulbs which I'm willing to part with for a reasonable price, in real hard valuta that is |
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,997
Likes: 9,332
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Post by rubl on Dec 12, 2017 10:14:31 GMT 7
Two sides of the (virtual) coin. "Due to heavy traffic on our website, visitors to www.cboe.com may find that it is performing slower than usual and may at times be temporarily unavailable. All trading systems are operating normally." And the other side "Bitcoin exchange warns customers of system collapse if prices crash A leading bitcoin exchange has warned that customers may be unable to get their money out quickly in the event of a crash in the cryptocurrency's price." www.cityam.com/277228/bitcoin-exchange-warns-customers-system-collapse-if-prices |
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,997
Likes: 9,332
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Post by rubl on Dec 13, 2017 18:40:29 GMT 7
Of course, its a double edged sword. You can't just sell all of that without getting the (virtual) rug from under the bitcoin "The Bulgarian Government Is Sitting on $3 Billion in Bitcoin A crackdown on organized crime by Bulgarian law enforcement in May resulted in the seizure of more than 200,000 bitcoins – an amount worth more than $3 billion at today's prices. According to a press release dated May 19 from the Southeast European Law Enforcement Center (SELEC), a regional organization comprised of 12 member states including Bulgaria, a total of 213,519 bitcoins were seized that month. Twenty-three Bulgarian nationals were arrested during the operation, and officials said at the time that the arrests and subsequent asset seizures followed an investigation into an alleged customs fraud scam." www.coindesk.com/bulgarian-government-sitting-3-billion-bitcoin/ |
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,997
Likes: 9,332
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Post by rubl on Dec 14, 2017 15:31:00 GMT 7
So does anyone earn money with bitcoins? Yes, of course, the usual suspects that is. "Bitcoin fees are skyrocketing Bitcoin network has struggled to process more than four transactions per second." arstechnica.com/tech-policy/2017/12/bitcoin-fees-are-skyrocketing/"The SEC chief has a new warning for ICO investors: Buyer beware In a statement peppered with boldface warnings, the Securities and Exchange Commission is urging people eyeing crypto-asset investments to exercise “extreme caution.” “There are tales of fortunes made and dreamed to be made,” said Jay Clayton, chairman of the US regulatory agency, in remarks directed to both “Main Street” investors and market professionals. “We are hearing the familiar refrain, ‘this time is different.'”" qz.com/1153649/the-sec-chief-has-a-new-warning-for-ico-investors-buyer-beware/PS still think we should have a new subforum "get-rich-quickly-or-bust" |
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,997
Likes: 9,332
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Post by rubl on Dec 23, 2017 13:00:49 GMT 7
No doubt some made a lot of money and lots lost it. Virtual losses? "Bitcoin falls 30 percent, posts worst week since 2013 NEW YORK/LONDON (Reuters) - Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble. After falling to as low as $11,159, it recouped some losses to trade above $14,000 on the Bitstamp platform, down 9 percent on the day. It is down around 25 percent this week, its largest weekly loss since April 2013." sg.finance.yahoo.com/news/bitcoin-extends-losses-slips-below-14-000-bitstamp-032220494--finance.html |
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