Thread: RIP Bitcoin

looks like some whales are playing ping pong with btc.

7 day chart:

looks like the Thai government have realised that 7% of nothing is 0 and therefore no 15% either.

Outcry prompts waiver of VAT on cryptocurrency trading

THE REVENUE Department will waive value-added tax for people trading in cryptocurrencies on exchange markets approved by the Securities and Exchange Commission (SEC).

^

Individuals will still have to pay a 15 per cent capital gains tax, also known as a withholding tax, on income earned in a transaction, Saroch told a press conference.

I hope NZ go the CGT route. 0% of my crypto-billions will be $0

I traded my alts for this new type:



I'm calling it wheels coin.

Originally Posted by AntRobertson

I traded my alts for this new type

Yay....A Midlife crisis coin.

Buy my wheel coin, mofo!

Join the crisis it's fun!

so what's the latest with Bitcoins ?

I have been consulted by a VC for my opinion on bitcoins and Blockchains techs

I sent them the link to TD to give them an idea of what kind of fools are into that tech

This Is the First Country to Adopt a Cryptocurrency As Its Official Currency

Let's see how this works out.

Marshall Islands Creates Its Own Digital Cryptocurrency | Money

all the dodgy money laundering paradise islands are into these games,

needless to say it raises major red flag concerns,

SEC launches fake site to expose risks of crypto investing
The Securities and Exchange Commission has launched HoweyCoins.com, a bogus website that highlights the risks of being swayed by promises of guaranteed returns via cryptocurrency investments. When users click to "buy coins now," they are taken to an official SEC site that points out they could have been duped and lists warning signs that indicate an offer is probably fake.

https://www.cnbc.com/2018/05/16/sec-...look-like.html

Originally Posted by Plan B

Let's see how this works out.

Marshall Islands Creates Its Own Digital Cryptocurrency | Money

Any guesses as to what 1 SOV will be worth in $ ?

Sounds like it'll be tied to it.

great, another crypto to short

CME to introduce price index for second cryptocurrency

https://uk.reuters.com/article/cme-g...-idUKL3N1SL4LS

CME Group is preparing to launch a reference rate and a real-time index on ether, the second most-heavily traded cryptocurrency, on June 4. CME is working with Crypto Facilities, its partner for its existing bitcoin reference rate, and will use transaction data from cryptocurrency exchanges Kraken and Bitstamp.

Looks like the days of double digit drops are back

https://www.coindesk.com/bitcoin-clo...en-since-2014/

• BTC risks deeper pullback towards $7,000. In such a case, the 5-month MA will cross the 10-month MA from above, signaling a bearish crossover and opening doors for a drop to $5,000.

btc/usd 5 month chart:

Originally Posted by Dragonfly

SEC launches fake site to expose risks of crypto investing
The Securities and Exchange Commission has launched HoweyCoins.com, a bogus website that highlights the risks of being swayed by promises of guaranteed returns via cryptocurrency investments. When users click to "buy coins now," they are taken to an official SEC site that points out they could have been duped and lists warning signs that indicate an offer is probably fake.

https://www.cnbc.com/2018/05/16/sec-...look-like.html

I download the whitepaper and it seems legit

Originally Posted by Dillinger

Looks like the days of double digit drops are back

My move to divest and invest in Wheel Coin is looking better and better.

I’m a deadset, after-the-fact, with hindsight, financial fucking genius!

Originally Posted by Dillinger

Looks like the days of double digit drops are back

Just getting us ready for the triple ones.

Originally Posted by YourDaddy

I download the whitepaper and it seems legit

Most scams do.

Still trying to cash out some debris from legit looking white papers and forks (e.g. ETZ), but will wait till they appear on reputable sites or the cows come home.

^^

Originally Posted by YourDaddy

I download the whitepaper and it seems legit

sucker alert

Ether smart contract things could actually become trading securities by embedding financial terms in their encrypted message payload,

that could actually fly as a tool, the "string" could simplify trading and identification of contracts terms, in particular for Corporate Bonds which tend to have specific non-standard contract terms (current structured data standards can't address that)

when buying certain securities, the attached "crypto" could be used to decypher all the complex rules attached to those securities, complex rules typically found in OTC Forwards and SWAPs, and all Corporate Bonds

CME to introduce price index for second cryptocurrency
https://uk.reuters.com/article/cme-g...-idUKL3N1SL4LS

CME Group is preparing to launch a reference rate and a real-time index on ether, the second most-heavily traded cryptocurrency, on June 4. CME is working with Crypto Facilities, its partner for its existing bitcoin reference rate, and will use transaction data from cryptocurrency exchanges Kraken and Bitstamp.