Bitcoins worth more than gold
- Youn Hoo Fatt
- I have Cheap Mobile Internet
- Reactions: 1
- Posts: 409
- Joined: Thu Dec 21, 2017 2:23 pm
Here's a quick way to make $20 trillion $20 trillion or a measly $500 Million
Certainly rasied my confidence level in the security they provide.
Not alone though it seems.
June, 2011 – 25,000 BTC ($775k by a user known as “ALLINVAIN”) -- curently worth $250 million adjusted.
March, 2012 – 46,703 BTC ($6M on Bitcoinica)
September, 2012 – 24,000 BTC ($250k on Bitfloor)
November ,2012 – 263,024 BTC ($3.42M on Bitcoin Saving & Trust)
November, 2013 – 1,296 BTC ($1.46M on BIPS); 4,100 BTC ($5.6M on Inputs); $6,000 BTC ($6.7M on PicoStocks)
February, 2014 – 650,000 BTC ($368M on MT.GOX)
March, 2014 – 150 BTC ($101k on bitCoin); 896 BTC ($572k on Flexcoin)
July, 2014 – 3,700 BTC ($2M on Mintpal $2m); 5000 BTC ($1.8M on Bitpay)
January, 2015 – 7,170 BTC ($1.82M on BTer.com); 3,000 BTC ($777k on Kipcoin); 1,000 BTC ($230k on 796 Exchange); 18,866 BTC ($4.3M on BITSTAMP)
March, 2015 – 150 BTC ($3.2k on COINAPULT)
May, 2015 – 1,500 BTC ($350k on BITFINEX)
October, 2015 – 10 BTC ($3.2k on Purse)
January, 2016 – 13,000 BTC; 3,000,000 Litecoin ($5.8M on Cryptsy)
March, 2016 – 81 BTC ($33k on COINTRADER); 469 BTC, 5,800 ETH 1,900 Litecoins ($230k on ShapeShift)
May, 2016 – 250 BTC, 185,000 ETH, 1,900 Litecoin ($2.14M on gatecoin)
June, 2016 – 3,500,000 ETH ($53M on DAO)
July, 2016 – $85k on Steemit
August, 2016 – 119,756 BTC ($65M on Bitfinex)
October, 2016 – 2,300 BTC ($2.6M on Bitcurex)
February, 2017 – $444,000 on erocoin
July, 2017 – 153,037 ETH (Parity); 37,000 ETH ($7M on COINDASH); $1M on Bithumb; $8.5M on Veritaseum
August, 2017 – 1,500 BTC ($500k on enigma)
Certainly rasied my confidence level in the security they provide.
Not alone though it seems.
June, 2011 – 25,000 BTC ($775k by a user known as “ALLINVAIN”) -- curently worth $250 million adjusted.
March, 2012 – 46,703 BTC ($6M on Bitcoinica)
September, 2012 – 24,000 BTC ($250k on Bitfloor)
November ,2012 – 263,024 BTC ($3.42M on Bitcoin Saving & Trust)
November, 2013 – 1,296 BTC ($1.46M on BIPS); 4,100 BTC ($5.6M on Inputs); $6,000 BTC ($6.7M on PicoStocks)
February, 2014 – 650,000 BTC ($368M on MT.GOX)
March, 2014 – 150 BTC ($101k on bitCoin); 896 BTC ($572k on Flexcoin)
July, 2014 – 3,700 BTC ($2M on Mintpal $2m); 5000 BTC ($1.8M on Bitpay)
January, 2015 – 7,170 BTC ($1.82M on BTer.com); 3,000 BTC ($777k on Kipcoin); 1,000 BTC ($230k on 796 Exchange); 18,866 BTC ($4.3M on BITSTAMP)
March, 2015 – 150 BTC ($3.2k on COINAPULT)
May, 2015 – 1,500 BTC ($350k on BITFINEX)
October, 2015 – 10 BTC ($3.2k on Purse)
January, 2016 – 13,000 BTC; 3,000,000 Litecoin ($5.8M on Cryptsy)
March, 2016 – 81 BTC ($33k on COINTRADER); 469 BTC, 5,800 ETH 1,900 Litecoins ($230k on ShapeShift)
May, 2016 – 250 BTC, 185,000 ETH, 1,900 Litecoin ($2.14M on gatecoin)
June, 2016 – 3,500,000 ETH ($53M on DAO)
July, 2016 – $85k on Steemit
August, 2016 – 119,756 BTC ($65M on Bitfinex)
October, 2016 – 2,300 BTC ($2.6M on Bitcurex)
February, 2017 – $444,000 on erocoin
July, 2017 – 153,037 ETH (Parity); 37,000 ETH ($7M on COINDASH); $1M on Bithumb; $8.5M on Veritaseum
August, 2017 – 1,500 BTC ($500k on enigma)
Bitcoinica lost users money many times and was shit down.
https://bitcoinmagazine.com/articles/bi ... rom-again/
My.Gox was shut down after losing money and fraud.
Bitfinex withdrew letting users take out coins after its bank stopped supporting them. At present it’s users don’t know what bank they use.
https://en.m.wikipedia.org/wiki/Bitfinex
Coin trader was shut down by the owners after a hack.
https://www.coindesk.com/bitcoin-exchan ... huts-down/
Bitcurex was shut down after a hack.
https://news.bitcoin.com/bitcurex-forced-million-theft/
https://bitcoinmagazine.com/articles/bi ... rom-again/
My.Gox was shut down after losing money and fraud.
Bitfinex withdrew letting users take out coins after its bank stopped supporting them. At present it’s users don’t know what bank they use.
https://en.m.wikipedia.org/wiki/Bitfinex
Coin trader was shut down by the owners after a hack.
https://www.coindesk.com/bitcoin-exchan ... huts-down/
Bitcurex was shut down after a hack.
https://news.bitcoin.com/bitcurex-forced-million-theft/
pew, pew, pew, pew!
One more to add to the listYaTingPom wrote:Bitcoinica lost users money many times and was shit down.
https://bitcoinmagazine.com/articles/bi ... rom-again/
My.Gox was shut down after losing money and fraud.
Bitfinex withdrew letting users take out coins after its bank stopped supporting them. At present it’s users don’t know what bank they use.
https://en.m.wikipedia.org/wiki/Bitfinex
Coin trader was shut down by the owners after a hack.
https://www.coindesk.com/bitcoin-exchan ... huts-down/
Bitcurex was shut down after a hack.
https://news.bitcoin.com/bitcurex-forced-million-theft/
[emoji38]
https://cryptocomes.com/south-african-a ... btc-global
no replying to those who misinterpret/misread what i write. this aint kindergarten
- LeonardKirksey
- 440 newbie - handle with care
- Reactions: 0
- Posts: 2
- Joined: Thu Feb 22, 2018 8:45 pm
I’m fully lost in all the names and all the trading volumes, because I only started my way and I just learn the best deals by pre ico list review, but good to know such news about NuBits (which is new for me)! I think it’s time to work with this currency. It’s never too late to start, isn’t it?
no replying to those who misinterpret/misread what i write. this aint kindergarten
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- 440 newbie - handle with care
- Reactions: 0
- Posts: 1
- Joined: Wed May 09, 2018 11:45 am
Hello, I wonder if someone can give me some advice,
I Sent money to a bitcoin exchange from my ABA bank some months ago, the bank are now contacting me asking about these transactions, they want to know the purpose of the transactions, they tell me based on Cambodia regulations transactions which involve cryptocurrency are prohibited , i still have a significant amount of money to me in the bank, any suggestions what i should do?
Thank you
I Sent money to a bitcoin exchange from my ABA bank some months ago, the bank are now contacting me asking about these transactions, they want to know the purpose of the transactions, they tell me based on Cambodia regulations transactions which involve cryptocurrency are prohibited , i still have a significant amount of money to me in the bank, any suggestions what i should do?
Thank you
- violet
- Suspicious Little Mad Woman
- Reactions: 291
- Posts: 19717
- Joined: Mon Nov 30, 2009 9:48 pm
- Location: About as far away as can be.
Stuffed. It is prohibited.
https://m.phnompenhpost.com/business/un ... s-cambodia
...
Unless it's the government's own crypto currency
https://www.ccn.com/cambodia-blocks-cry ... ocurrency/
https://m.phnompenhpost.com/business/un ... s-cambodia
...
... referring to an announcement from the NBC in December banning “all banks and microfinance institutions from trading, buying, selling and advertising cryptocurrencies”.
That announcement led some banks to prevent customers from using their own personal bank accounts to buy or sell cryptocurrency, which made it difficult to trade in cryptocurrencies without specifically outlawing people from owning them.
But prior to its December announcement, the NBC had launched its own initiative to explore the use of the underlying technology that cryptocurrency relies on, a concept known as blockchains. The NBC signed an agreement with a Japanese firm in April to develop a blockchain-based project for its own internal use, which would track interbank lending and transactions....
Unless it's the government's own crypto currency
https://www.ccn.com/cambodia-blocks-cry ... ocurrency/
The Cambodian government, while pursuing its own cryptocurrency Entapay, has paradoxically banned financial institutions from engaging in cryptocurrency transactions, creating a state of confusion for the country’s cryptocurrency entrepreneurs.
The mind is not a vessel to be filled, but a fire to be kindled.
- Plutarch
- Plutarch
Fwiw entapay is NOT the gov't crypto and is also not legal for tender in Cambodia, as in, it can only be traded for free atm(do worthless) . They had made claim they had support from the rcaf, but they do not. As for op, good luck but I think you might be fubarred, if trading in the Kow you need an account from another country, also, not Thailand. Really though, if you trading anywhere in the world you should be looking up local laws as it is banned in lots of countries.
https://m.phnompenhpost.com/business/re ... pport-rcaf
https://m.phnompenhpost.com/business/re ... pport-rcaf
Is it that these old school billionaire titans are clueless about the real-world uses for cryptocurrencies in terms of tax avoidance and money laundering and so don't see the upsides, or are they just so financially entrenched in the old banking system that they have incentives to publicly denounce cryptos and lobby heavily for their regulation. I'm sure it's the latter.Bill Gates wrote:I would short it (Bitcoin) if there was an easy way to do it.’
Microsoft co-founder Bill Gates is the latest billionaire to pour cold water on digital currencies, saying if there was an easy way to bet against bitcoin and other cryptocurrencies he would.
Speaking on CNBC on Monday, the philanthropist joined fellow billionaires Warren Buffett and Charlie Munger in voicing skepticism of digital assets. “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up,” said Gates of cryptocurrencies. “It’s kind of a pure greater fool theory type of investment.”
I can only imagine as the fiat currencies gradually implode, especially the widely held US dollar, that cryptocurrencies will continue to be in demand, up to the point that most governments clamp down and ban them completely due to lost tax revenues.
Which exchange were you using?Jack_Wilshere wrote:Hello, I wonder if someone can give me some advice,
I Sent money to a bitcoin exchange from my ABA bank some months ago, the bank are now contacting me asking about these transactions, they want to know the purpose of the transactions, they tell me based on Cambodia regulations transactions which involve cryptocurrency are prohibited , i still have a significant amount of money to me in the bank, any suggestions what i should do?
Thank you
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- MerkinMaker
- Reactions: 62
- Posts: 3232
- Joined: Wed Mar 21, 2012 11:04 am
Firstly I would say that Bill Gates isn't some kind of oracle, Microsoft seriously underestimated both the web and mobile. He saw the internet as a content distribution platform (correct), but completely missed that browsers would run web based applications that not only compete with desktop software, but in all but the most specialized cases completely supersede them.McPhisto wrote:Is it that these old school billionaire titans are clueless about the real-world uses for cryptocurrencies in terms of tax avoidance and money laundering and so don't see the upsides, or are they just so financially entrenched in the old banking system that they have incentives to publicly denounce cryptos and lobby heavily for their regulation. I'm sure it's the latter.
I can only imagine as the fiat currencies gradually implode, especially the widely held US dollar, that cryptocurrencies will continue to be in demand, up to the point that most governments clamp down and ban them completely due to lost tax revenues.
Similar mistake with mobile. Microsoft still viewed them as telephones, rather than entertainment systems.
He's now making the same mistake with crypto. He's viewing this tech as only a replacement currency, rather than a system that allows the middleman to be removed from any type of transaction, contract or transfer of value at any scale, be it a fraction of a cent, or millions of dollars. The future implications of that are more wide reaching and revolutionary than even the internet.
From an investment standpoint, I think cryto tokens are high risk as they are effectively nothing more than protocols. The real money will be made by investing in innovative companies that create the application layer on top of this new technology stack. The companies that will be to crypto what Google, Facebook and Amazon are to the internet.
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