Bitcoin trading haulted by authorities
 

yeah..;/.haulted.

That's OK, they can always do this:
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Going to the website in the OP, my computer locked in attempting to load the story....not going there again !

Don't bother. Hang on to those bitcoins, but I'd suggest picking up some Tulip bulbs as a hedge...:rolleyes:

Gee willikers!!

Total blindside hit to the solar plexus. Who woulda thought??

So if I own an $11k bitcoin can I sell it in for $11k in cash, or is that just a theoretical value?

Did you read the link? Trading has been halted.

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

Yes, if there was a willing buyer connected with your sell order. I believe there is some sort of not insignificant exchange fee when selling. So 11k minus that fee. As to it being guaranteed......

Not to be captain obvious, but BitConnect <> Bitcoin.

The title of Paul’s thread is a little sensational but true.

Bitcoin will halt at any large move in a single day, like many securities.

And yes, ten foot pole, unless you’re just enjoying yourself.

Well, it's a little more than that. From the link given:

Following various red flags, including allegations by none other than the founder of Ethereum and Litecoin that it was running a Ponzi scheme, Bitcoin investment platform BitConnect announced it was closing the company’s cryptocurrency exchange and lending operation after receiving two cease-and-desist letters from state authorities for the unauthorized sale of securities and suffering from denial-of-service attacks.

In addition to offering cryptocurrency exchange services, BitConnect offered to let people receive interest on their digital coin balance by lending or investing their capital.

In a blog post – titled "Changes coming for the Bitconnect [sic] system – Halt of lending and exchange platform" posted on its website, the company said that is “closing the Bitconnect [sic] lending and exchange platform.”

It concluded that "This is not the end of this community, but we are closing some of the services on the website platform and we will continue offering other cyptocurrency [sic] services in the future."

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?

to repeat my earlier post on the other thread
 

Want to know about

BITCOIN the “ MONKEY”
BUSINESS 2018


A lot of monkeys lived near a village.🐒🐒🐒🐒🐒🐒🐒

One day a merchant came to the village to buy these monkeys!🐵🐵🐵🐵🐵🐵

He announced that he will buy the monkeys @ $100 each. 🐵💵

The villagers thought that this man is mad.😇

They thought how can somebody buy stray monkeys at $100 each?🤔

Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. 😬

This news spread like wildfire and people caught monkeys and sold it to the merchant.😬

After a few days, the merchant announced that he will buy monkeys @ 200 each. 🐵💵💵

The lazy villagers also ran around to catch the remaining monkeys!🐒🐒🐒🐒🐒🐒

They sold the remaining monkeys @ 200 each.😋

Then the merchant announced that he will buy monkeys @ 500 each!
😮💵💵💵💵💵

The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each.🙊🐵🐵🐵🐵🐵🐒

The villagers were waiting anxiously for the next announcement.🙄

Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each!🐵💵💵💵💵💵💵💵💵💵💵

He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.🤠🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒 🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒 🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒 🐒🐒🐒🐒🐒🐒

The merchant went home.😎

The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.☹😞😓

Then the employee told them that he will sell some monkeys @ 700 each secretly. 😶

This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.😬

The next day, villagers made a queue near the monkey cage.🐒🐒🐒🐒🐒🐒🐵🐒🤑🤑🤑🤑 🤑🤑🤑🤑🤑🤑

The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!
🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒💵💵💵💵💵 💵💵💵💵💵

The villagers took care of their monkeys & waited for the merchant to return. 😕

But nobody came! ...😤 Then they ran to the employee...🤠

But he has already left too !😉

The villagers then realised that they have bought the useless stray monkeys @ 700 each and unable to sell them! 😩😫😨😰😭😭😭😭😭😭
The Bitcoin will be the next monkey business
😜

It will make a lot of people bankrupt and a few people filthy rich in this monkey business. 🐒😉😅

That' how it will work🤣

It is down 50% from it's recent highs. No wonder it is halted.

fake news

LOL

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

fake money

no doubt about that but at least it is safer than synthetic CDOs.