Bitcoin trading haulted by authorities

[Esel Mann]

Real estate folks, real estate

[KFC911]

Up, up, up, and away.....

That's how Bitcoin will be remembered

[sammyg2]

Why does this all sound familiar .....

The dot-com bubble (also known as the dot-com boom, the dot-com crash, the Y2K crash, the Y2K bubble, the tech bubble, the Internet bubble, the dot-com collapse, and the information technology bubble)[1] was a historic economic bubble and period of excessive speculation that occurred roughly from 1997 to 2001, a period of extreme growth in the usage and adaptation of the Internet by businesses and consumers. During this period, many Internet-based companies, commonly referred to as dot-coms, were founded, many of which failed.

During 2000–2002, the bubble collapsed. Some companies, such as Pets.com and Webvan, failed completely and shut down. Others, such as Cisco, whose stock declined by 86%, and Qualcomm, lost a large portion of their market capitalization.

[Pazuzu]

Originally Posted by wdfifteen

Not to be nitpicking, but why is "BitConnect" offered as an unchallenged word originally but challenged as "sic" in the blog post. Are we talking about the same entity?

"BitConnect" is the name of a company. "Bitconnect" is the work of a lazy blogger.
BitConnect was shut down because it was a scam trading site, which traded in Bitcoins. Bitcoins are a currency, and trading in Bitcoins has NOT been halted. Bitcoins, and Bitcoin trading is chugging along just fine, and all sorts of people have more money now than they did before they started trading in various crypto-coins.

So, the title of the thread is, well, 100% wrong. Expected, from someone who keep trotting out the "monkey story" and the "tulip story".

[ZAMIRZ]

Originally Posted by Pazuzu

So, the title of the thread is, well, 100% wrong. Expected, from someone who keep trotting out the "monkey story" and the "tulip story".

To be fair, Paul did sell his all original excellent condition 911S in 2007, so even though he doesn't know what the meaning of "haulted" is, he does know a thing or two about market timing.

[Shaun @ Tru6]

Originally Posted by ZAMIRZ

To be fair, Paul did sell his all original excellent condition 911S in 2007, so even though he doesn't know what the meaning of "haulted" is, he does know a thing or two about market timing.

Wait, pwd sold his 911S? Really?

What did he replace it with?

[motion]

Originally Posted by Shaun @ Tru6

Wait, pwd sold his 911S? Really?

What did he replace it with?

Wait. What???

[porsche4life]

Originally Posted by Pazuzu

"BitConnect" is the name of a company. "Bitconnect" is the work of a lazy blogger.
BitConnect was shut down because it was a scam trading site, which traded in Bitcoins. Bitcoins are a currency, and trading in Bitcoins has NOT been halted. Bitcoins, and Bitcoin trading is chugging along just fine, and all sorts of people have more money now than they did before they started trading in various crypto-coins.

So, the title of the thread is, well, 100% wrong. Expected, from someone who keep trotting out the "monkey story" and the "tulip story".

I didn’t read the article but just based on the comments I figured this to be the case. Just checked coin cap and trades are still happening. Yes the price is down but it’s yo-yo’d before....


I don’t have BTC but I have ETH and GNT. Even at the current prices I’ve more than doubled my money in about 7 months...

[porsche4life]

You guys realize that Ponzi schemes were around long before crypto currencies, and cash was used for illegal activities back then too...


But that’s not a sensational thread title.

[cstreit]

Originally Posted by wdfifteen

OK, YESTERDAY could I have sold an $11k bitcoin for $11k in actual guaranteed by the full faith and credit of the USA dollars?

Guys - Bitcoing trading has not been halted.

There are about 40-50 exchanges out there. Sell your bitcoin for USD - deposit into your account. Simple. Bitconnect was one exchange that dealt in crypto-lending among other things...

Not sure why all the hate for Bitcoin - I think it's "sour grapes" along with some FOMO and some FUD all mixed together? It is what it is. Like any speculative instrument - risk vs. reward. Bitcoin? Its like Vegas - on meth. Just know what you're getting into and allocate $ accordingly. you could lose it all instantly. However fraud is rampant since the source of a lot of BTC, the hardware, the exchanges, etc.. are in unregulated countries like Russia and China. No repercussions for the scammers. I've purchased mining hardware on and off. There are probably 20 fake websites that will take your money and send you nothing for every 1 that is legit.

Add to that the BTC community forums are literally full of jack-wagons that are pompous know-it-alls full of paranoia, snap judgements, and morons sprinkled with a few decent people in my experience. Its a real mine-field. I've been lucky so far by being super-careful and not risking any more than I am willing to lose without losing sleep.

...but geez. Chill.

[Shaun @ Tru6]

Originally Posted by tabs

LOL

you really want to keep the LOLing to a minimum Ted and keep your focus on the $ losing world currency status and hyperinflation.

[cstreit]

Originally Posted by tabs

LOL

https://www.usatoday.com/story/money/2018/01/16/bitcoin-breaks-under-weight-regulatory-scrutiny/1035819001/

Interesting data point. China has been doing this regularly since 2013.

Put on your tinfoil hats:

The cycle? Released "rumors" hit the news sites suggesting various bans - the price drops dramatically- then the Asian markets buy a ****-ton of crypto and the gov't denies they are going to do it. Price rises again.

This cycle has generated hundreds of billions for Chinese investors. Coincidence? Follow the money.

I believe in decentralized currency, but lack of regulation means there is zero consequence if this isn't coincidence.

[pwd72s]

Originally Posted by ZAMIRZ

To be fair, Paul did sell his all original excellent condition 911S in 2007, so even though he doesn't know what the meaning of "haulted" is, he does know a thing or two about market timing.

One more attempt at setting a record straight:

I had a list of reasons for selling that car.

Money was not on that list.

[dewolf]

Originally Posted by cstreit

Interesting data point. China has been doing this regularly since 2013.

Put on your tinfoil hats:

The cycle? Released "rumors" hit the news sites suggesting various bans - the price drops dramatically- then the Asian markets buy a ****-ton of crypto and the gov't denies they are going to do it. Price rises again.

This cycle has generated hundreds of billions for Chinese investors. Coincidence? Follow the money.

I believe in decentralized currency, but lack of regulation means there is zero consequence if this isn't coincidence.

Bingo. And I'm following the money. Everything down yesterday, everything headed up today. One coin I bought a heap of is up 55%.

[manbridge 74]

No FUD here.

Just a popcorn muncher waiting for the North Koreans to pounce...

[speeder]

When markets crash I'm always glad that I invested all my $$ in restaurant meals.

[speeder]

Originally Posted by Shaun @ Tru6

Wait, pwd sold his 911S? Really?

What did he replace it with?

It's really confusing because he never changed his user name to PWDmustang.

[KFC911]

Originally Posted by speeder

It's really confusing because he never changed his user name to PWDmustang.

Are you ever gonna change your screen name to "slower" ?

[dewolf]

Originally Posted by cstreit

I believe in decentralized currency, but lack of regulation means there is zero consequence if this isn't coincidence.

Hell I don't care, I'm making money hand over fist on these events. Was up 55% now up 79%. Time to cash out. AU$5K profit in 6 hours is pretty bloody good I reckon.

[Shaun @ Tru6]

Originally Posted by speeder

When markets crash I'm always glad that I invested all my $$ in restaurant meals.

That's called investing in a good life.