Cryptocurrency - any of you guys into it?

sorry I am not going to comment about it , hopefully I will get to drive your limo and be your driver in D.R.

Oh yes I do agree with you 100% I just deleted last night a site of bitcoins suggested on this forum  which I have my own preference , but I am really not involved in it . Krumite

There are a lot of people trying to hype up their cryptocurrencies and/or exchanges of choice in order to make a quick buck. 

While there are a thousand or so to choose from, many are what we refer to as “sh*tcoins”, having no real value or novel concept behind them.

Read up on a few coins - crypto and stablecoins - and the ideas behind them, and use your judgment as part of the basis in deciding whether it’s worth an investment.

I like some and I am considering it? , the fast buck and the hype I totally agree with you , is the same thing as the stock market a phycological game , when you have a good product , you have market share the exposure then you should not be worried about. Understand the big brokerage house, investors the works are not there to help or contribute to the bettering of anything, that are there just because of simple old greed .

The cryptocurrency Dogecoin -- which started as a meme joke and won the support of billionaire industrialist Elon Musk -- took a dive in the market after Musk repeatedly touted the crypto last night on Saturday Night Live.  Musk hosted SNL and admitted to the Weekend Update hosts that Dogecoin is 'a hustle'.

Dogecoin dropped 40 percent in value to $0.42 during SNL before recovering most of the loss in Sunday trading.

Also on Sunday, Musk's Texas-based Space X announced a project called "DOGE-1 Mission to the Moon."  A Space X sales executive said Sunday that the mission will "set the foundation for interplanetary commerce."

Space X will accept the meme-inspired cryptocurrency as payment for the venture.

Source... CNBC

In February, another Elon Musk company, the automaker Tesla, announced it would buy $1.5 billion worth of bitcoin.

The company said it would accept the crypto from customers in the future.

Source... NPR, posted Feb. 8, 2021

I'll give it a miss for the moment

https://www.cnbc.com/2021/04/23/bitcoin … ssing.html

TECH
Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him

beppi wrote:

Fred wrote:

I have never been convicted of any crime involving sheep

You must have powerful and well-connected sheep protecting you.

Way closer than you could possibly know 

The price of bitcoin dived after Tesla's Elon Musk tweeted that his electric motor-car company will no longer accept bitcoin.

Shares of companies invested in bitcoin also saw their market prices drop.

Musk says bitcoin mining is taking too much of a toll on the environment.

Tesla is holding onto its bitcoin holdings.  However, its customers are no longer welcome to buy Tesla cars using the cryptocurrency.

More details at New York Magazine... www.nymag.com

The title of the article is "Bitcoin Price Dives After Musk Says Tesla No Longer Accepts It."

cccmedia

That's bad news for at least one set of scammers

https://www.bbc.com/news/uk-england-sussex-57102038

I'm amazed people believe that sort of rubbish, but they do,

Any idea as to which platform accept purchase/sale of cryptocurrency with a Mauritian credit card

I am amused at all of the energy that is expended on this.   Once again I have a PhD in International Currencies.  I own a company that manages over $1 Billion in assets and have been in the business as a licensed SEC RIA for 50 years. 

1.  Crypto will eventually emerge as an alterative currency.  Between now and then there is great opportunity for trading.   Many Cryptos will ball to the wayside.  DOGE is a questionable investment if one investigates. 
2.  Crypto will not be universally accepted till there is price stabilization.  Again, volatility is the profit opportunity. 
3.  What do you think the Miners do with the cash they receive for the Crypto?   They take cash.  They have buckets of cash and what do they do with the cash????  Think about it.  Do they take the cash and reinvest in Crypto or do they buy cars and estates, boats and women?   Really think about this!!!   Who is the sucker and who is the suckee?
4.  To properly trade these volatile cryptos one must be uniquely aware of Fibonacci and Elliot theories as well as other retracement and volatility measures. One must have a bank of on line capabilities and traders to monitor second by second candles wicks and bids/offers!
5. In todays world Crypto is not a legitimate currency---Yes I suspect  it will be in 15 years or so.   Today the way to make money in Crypto is betting on up or down and trading it like a commodity or a soccer game. 
5.  We have a fund that manages the crypto offerings.  We manage for clients.  We receive 25% of new high profits.   The minimum is E1000 and one can invest effective the first of each month and withdraw at the end of the month plus ten days with 15 days notice.  They invest and receive Euros.
6.  We offer a separate account for a minimum of E100,000
7.  If you want to make money then invest with a Registered SEC Advisor and let them do the research to avoid the scams. 


By the way, none of us in our firm live a lavish life style like 10 Ferrari's, 10 Rolls Royce's etc.  We take our profits and reinvest in diversified securities and only  have 10% of our investments in Crypto.  When you see ads of super cars and lavish lifestyles it might be a scam.   Real inventors do not spend on splash.

As to this post you are correct.   i am a Wall Street member for now 50 years.   Yes we take advantage of the plankton, the fish and then we are the sharks.   We utilize sophisticated techniques to avoid the motivators of fear and greed.

Is this a surprise?

Hi guy could you afford me information about it

you can email me at ***

As Crypos are exceptionally dodgy at best, I very strongly suggest posters do not contact people advertising their services on forums.
More so when they have tens of domain names and try to get strangers to contact them a lot, even after several warnings.

A just-published article in The Washington Post recaps recent developments in the cryptocurrency-investment world ..
and provides an exposition of the pitfalls of crypto investing.

The article is titled:  As Cryptocurrency Goes Wild,
                           Fear Grows About Who May Get Hurt.

Type the first four words of the title into the search box at
www.washingtonpost.com to access the article.

A broad sell-off in cryptocurrencies has sheared off $400-billion in market value in the past week.

Bitcoin, the most valuable crypto, is down 40 percent from its April high.

A news report in The Washington Post says the sell-off shows "the staggering volatility" in cryptos .. and how investor portfolios heavy in cryptos can be decimated in a matter of days or hours.

The report says various governments have been increasing their scrutiny of cryptos.

Source... www.washingtonpost.com

I can see how extremely experienced market watchers/market leaders can make a fortune from crapcoin (Sorry, bitcoin), but they always do so at the expense of the poor sods too stupid to realise they're just mugs to the big boys.

Barnard Baruch made a fortune in 1929 by shorting the market.   He was having a shoeshine with the shoeshine boy started offering him tips on the stock market.  He concluded that if shoeshine boys were investing in the market and offering advice it was time to get out and short

In 2000 is saying process was repeated
Ads were running on the TV with beauty salon workers giving tips on which stocks to buy in the technology field

Warren Buffett said this is a clear sign that the market peak is here and it is not a time to buyThe market went down some 70% in technology stocks

Our company shorted the market in December 19 99 and we made a small fortune. 

In the last two weeks my waiters have been giving me tips on which cryptocurrency’s to buy
Yesterday my taxi cab driver told me he was an influencer and wanted me to get signed up on his Instagram

Since everybody is investing and the most economically challenged group is Betting money that they need for housing and food it is again a sure sign that crypto’s will and very very badly


Caveat Emptor.    Be afraid of cryptocurrencies very very afraid Unless you are a professional investor tied to the machine during market hours which in the case of this is 24 hours a day seven days a week

Hi everyone,

Please note that a few posts have been removed from this thread.

Thanks,

Priscilla
Expat.com Team

After the recent and enormous crypto sell-off, the Coindesk website published parts of an interview with Hunain Naseer of OKEx Insights.

He says bitcoin is more stable that alternative cryptocurrencies.

"Without significant mainstream adoption, recognitions and utility, alts have always been more speculative in nature than bitcoin," said Naseer.

"This means they rise faster during bull runs, and drop sharper during declines."

  Source... coindesk.com

What that means is betting on number seven in Las Vegas and only betting on price movement without underlying value

Why is this so hard for people to understand except that they always chase the golden rainbow

There is no pot of gold after the chase

Investment schemes are schemes to take money from the uninitiated by the greedy monsters of Wall Street

I know because I am one of them for the last 50 years who has made my fortune with legitimate investments while watching all the scams and Bernie Madoff’s Finally be taken down

Read my book published by McGraw-Hill “ leader ship investing”.  you can get it for free on a download

it was taught in the university of Texas system for three years in the early 80s and I still get calls from my graduate PhD students

Actually I am tired of posting on this next big scam

Everybody beware and save your money for the future as you will lose whatever you have unless you get out

Johnavann wrote:

Investment schemes are schemes to take money from the uninitiated by the greedy monsters of Wall Street

I know because I am one of them for the last 50 years who has made my fortune with legitimate investments while watching all the scams and Bernie Madoff’s Finally be taken down

Read my book published by McGraw-Hill “ leader ship investing”.  you can get it for free on a download

it was taught in the university of Texas system for three years in the early 80s and I still get calls from my graduate PhD students

John, please provide a link to download your book.  My Google search did not produce a link.

cccmedia

amazon.com.    leadership investing

If you cannot find it there let me know.

Johnavann wrote:

amazon.com.    leadership investing

If you cannot find it there let me know.

It's there, John.  Leadership Investing by John A. Vann.

No Kindle edition, apparently.  New hardcover edition for $39.95.

The "free" download remains elusive.

cccmedia

cccmedia wrote:

Johnavann wrote:

amazon.com.    leadership investing

If you cannot find it there let me know.

It's there, John.  Leadership Investing by John A. Vann.

No Kindle edition, apparently.  New hardcover edition for $39.95.

The "free" download remains elusive.

cccmedia

It must be around somewhere or it would mean the poster is trying to sneak in an ad for his book. I'm sure he will post  link as soon as he sees you're having trouble finding it.

Crypto is a massive scam on its own, but other scammers are cashing in

https://www.bbc.com/news/technology-57267199

Seems Nat West customers are being targeted. I keep a HSBC account but I delete all emails without reading them because most I get are scams. If scammers are at it with HSBC, they won't get to me.

In this morning's Washington Post, I saw the first semi-official rumblings that cryptos should be suppressed, not merely "controlled".  The Colonial Pipeline ransomware attack opened a lot of eyes (including mine, I must confess) to the fact that crypto makes life easier for one class of people in particular:   criminals.

abthree wrote:

In this morning's Washington Post, I saw the first semi-official rumblings that cryptos should be suppressed, not merely "controlled".  The Colonial Pipeline ransomware attack opened a lot of eyes (including mine, I must confess) to the fact that crypto makes life easier for one class of people in particular:   criminals.

Please provide a link or article title, abthree.  I couldn't find any reference to criminals such as ransomware actors taking advantage of cryptos .. during my search at washingtonpost.com

The Post has been leading the way among the MSM in shining a light on crypto-madness.

cccmedia

cccmedia wrote:

Please provide a link or article title, abthree.  I couldn't find any reference to criminals such as ransomware actors taking advantage of cryptos .. during my search at washingtonpost.com

The Post has been leading the way among the MSM in shining a light on crypto-madness.

cccmedia

Sorry, it seems to have been taken down.  That sometimes happens with stories posted early in the morning.  I'll keep looking from time to time; it will probably reappear in some form.

cccmedia wrote:

abthree wrote:

In this morning's Washington Post, I saw the first semi-official rumblings that cryptos should be suppressed, not merely "controlled".  The Colonial Pipeline ransomware attack opened a lot of eyes (including mine, I must confess) to the fact that crypto makes life easier for one class of people in particular:   criminals.

Please provide a link or article title, abthree.  I couldn't find any reference to criminals such as ransomware actors taking advantage of cryptos .. during my search at washingtonpost.com

The Post has been leading the way among the MSM in shining a light on crypto-madness.

cccmedia

Try this https://www.folderit.com/blog/crypto-ransomware/

Plenty more

https://www.wsj.com/articles/ban-crypto … 1621962831

Essentially, cryptocrap is a massive scam that makes like easy for criminals. If you happen to be a top quality hacker, Elon Musk, or a dodgy investment manager, crypto is great.
China's digital yuan won't have quite so many problems as it is far more strictly controlled, but I won't be investing just yet. I fully expect scammers to pick up on that one by offering sales that don't exist.

Fred wrote:

Plenty more

https://www.wsj.com/articles/ban-crypto … 1621962831

... If you happen to be a top quality hacker, Elon Musk, or a dodgy investment manager, crypto is great.

This Wall Street Journal op-ed is right on point, even if one reads only up to the pay-wall.  It explains why ransomware crooks rely on cryptos to perpetrate their crimes .. and tells the enormous sums such criminals have extorted since last year via crypto-ransomware demands.

Whether banning cryptos is legal/Constitutional/a correct move is debatable.  I am not taking sides on the issue at this point.

cccmedia

cccmedia wrote:

Whether banning cryptos is legal/Constitutional/a correct move is debatable.  I am not taking sides on the issue at this point.

cccmedia

I will - Ban the dammed things.
The Chinese one is different as it's run by a central bank (Not that I'd buy it for a number of reasons) but the rest are far to open to scams and other illegal activity to be worth keeping.
Sharks generally run them for personal profit at the expense of poor sods too stupid to see they're being conned, and the various dodgycoins (deliberate) are used by criminals more than anyone else.

Saying that, I'd ban casinos as well - the two are pretty much the same.

Fred (Expat.com Indonesia expert) wrote:

Ban the dammed things (cryptos).
The Chinese one is different as it's run by a central bank ... but the rest are far too open to scams and other illegal activity to be worth keeping....

I'd ban casinos as well - the two are pretty much the same.

One cannot judge properly-regulated casinos as "the same" from the vantage point of Indonesian casinos, which operate illegally in the major cities of the 87-percent Muslim country.

Casinos in many countries operate with a house advantage, yes, but they are not illegally extorting zillions of dollars in crypto valuations from pipelines and other targets.

Not "pretty much the same" -- false equivalency.

cccmedia