IS THE PEOPLES CURRENCY REVOLUTION AT HAND? (IT COULD BE) WILL EARLY ADOPTERS REAP UNTOLD RICHES? (MANY ALREADY HAVE) OR WILL FRAUD - AND THE POWERS THAT BE - (YEP, CERTAINLY THE ENEMIES) CRASH CRYPTOCURRENCIES TO ZERO? (IT COULD JUST HAPPEN)

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Showing posts with label bitcoin crash. Show all posts
Showing posts with label bitcoin crash. Show all posts

Friday, December 10, 2021

Could Craig Wright Say F-U To Bitcoin And SELL A MILLION?

 To a casual observer like myself - it seems that Craig Wright has been kicked around forever about his declaration that he is the inventor of Bitcoin. It seems with the verdict in - that he has an ample chance to prove his relevance once more. What if in the wee hours the wallets of the original miner becomes active? What if it is easy to see that someone wants to raise 100 million RIGHT NOW in Bitcoin sales to some stable coin? What might that do to the price of bitcoin? What if someone decided to sell 1,000,000 coins? Could it crash a market? Would it be an ultimate F-U to all the naysayers?

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Some of the various reactions to the verdict:

https://www.nbcmiami.com/news/local/miami-bitcoin-trial-defendant-wins-dispute-over-50b-in-bitcoin/2635479/

https://fortune.com/2021/12/07/craig-wright-bitcoin-inventor-satoshi-nakamoto-wins-lawsuit-billion-crypto-fortune/

https://www.coindesk.com/business/2021/12/08/there-was-no-satoshi-nakamoto-lawsuit/

https://www.bbc.com/news/business-59571277

https://www.cnbc.com/2021/12/06/miami-jury-rules-in-favor-of-craig-wright-bitcoin-claimed-inventor.html

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So, the slippery slope has begun with NEVER having the right to smoke in New Zealand - read about it HERE - this despite over 30% of indigenous still being smokers. Barfstew for sure.

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Barfstew Beauties

Swimsuit Hottie

Four Blondes

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More Barf Soon


Sunday, January 24, 2016

The Hearn Bitcoin Analysis Shakes Market

It has already been an eventful 2016 in nearly all financial markets as you know... most markets have taken significant hits to marketcap, While BTC Soared In The First Days Of 16...and that includes Cryptocurrencies in general too. But, now, already,  there are significant new patterns too - such as the surge in certain fiat values despite BTC's volatility - and yes... we are speaking about the Ethereum fiat value spike (to 2.22 as of this post) as folks search anew for a new `Bitcoin' - to replace a flawed product as it now stands - perhaps...... I'll let Hearn explain it all via this link and the excerpt below: Hearn Leaves BTC - Selling All His Coins - Trashing The Coin While Exiting (Jan14th)

"From the start, I’ve always said the same thing: Bitcoin is an experiment and like all experiments, it can fail. So don’t invest what you can’t afford to lose. I’ve said this in interviews, on stage at conferences, and over email. So have other well known developers like Gavin Andresen and Jeff Garzik.
But despite knowing that Bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly. The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards. I will no longer be taking part in Bitcoin development and have sold all my coins.

Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people." 
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Immediately... the price tanked from 430ish to 360ish - and every follow up MSM article made the coin value even more reactive - both ways... as many articles pointed out it was the 90th declaration of BTC being dead..Bitcoin Isn't Dead.... YET... and many point out that now the `community' will have some fire under its ass to make the needed changes.... we will see.
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Since the Hearn analysis, the coin generating the most trading interest and that seems to have the most development potential and everyone's favorite... Ethereum... here's some recent ETH links to get you up to speed:


and
Here's The Numbers
and another of the crowd favorites of late is
Factom

Oh, on the same day as Hearn made his announcement.... Cryptsy officially offered up an explanation by Big Vern indicating the loss of 10,000 BTC and 300,000LTC in a wallet theft in 2014.... at times now the website seems dead.... over 10K BTC loss by investors.... including about .09BTC by yours truly.
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MORE Crypto News


And for those who say ... who controls the info controls the news and flow will note the Sale Of CoinDesk - a major source of BTC info and analysis.
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Buckle Your Seatbelts, 2016 Looks Wild

Wednesday, January 14, 2015

The Bitcoin Crash Of 2015

It's becoming a phenomena and feeding on itself.... of course Bitcoin, The Barf, The Stew and the Winners is talking about the collapse in Bitcoin prices... fueled by who knows what... some say the ROI for the miners of Bitcoin is not enough to support the coin (wouldn't that suggest the price will SPIKE HUGELY when demand returns to normal?).... others say the cashing in of all the Christmas coins... all of them might be a tipping point... some are saying that it could drop to 85... the point it took off for the sky in pricing... or  even   50.

In the meantime... the entire CryptoCurrency marketplace may need a `reserve currency' ready to pick up the slack (Paycoins perfect timing?) .... (no way right? wouldn't it be a coin with MUCH larger available coinage?) -- maybe Stellar will go to the STARS? (Moving hugely since the collapse... coins with value, real value will buck the collapse in general.) And of course, all of this could be due to Bitcoin's usage as a commodity by some in the richer element of society... which is seeing a HUGE collapse in some of their commodity holdings... so why NOT sell Bitcoin (to them)..... BTW, I BOUGHT at Coinbase today my largest purchase ever (0.12) at 186 - IMO, the bounce (to 400?) could be only days away.

CNBC Link On Today's Collapse
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Barfstars Be Brave

Tuesday, September 30, 2014

Could Bitcoin Cause A Crash?

It's a CNBC link - giving three pretty weak reasons for the possible crash..... indeed, the real risk, not in the story - is a crash in the value of Bitcoin AFTER a super-inflation period - which would be possible IMO if the currency began to service the `non-banking' world of supposedly 2.8 billion. (Banking The UNbanked) Then IF it crashed, IMO, it could be ugly - or - replace the fake money system now in existence....... The BS. Here's the link - Bitcoin Crash. Speaking of crashing, the price of a Bitcoin is at it's lowest point in nearly a year... to some, the time to get out... to others the time to get In - At Coinbase, One Off The Three Bitcoin Handlers Working With PayPal. What's that old saying, buy low sell highhhhhhhhh.
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Okay, now for some MORE Bitcoin related `fun' - after you buy some virtual currency - Bitcoin..... then you get interested in the whole shabang..... and find out that there are HUNDREDS of E-Currencies, with all kinds of market caps and methodologies.... THEN you discover that for a mere PITTANCE (I am playing .04 Bitcoin, about 25 bucks when I deposited it) you can play the `market' of E-Coin at Coin-E. Some of these E-coins are moving over 10% a DAY as the whole market gets moving. Don't be the last to put a few twentys or hundreds into all of this before you regret not playing what is still the infancy of all this change. .... Need more Bitcoin news? Bitcoin News.
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The BS Gallery
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CONtrary To Popular Opinion?
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