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#121
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#122
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__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#123
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I admit it's pretty funny in a 'you don't know what you don't know' kind of way, that's why I keep responding. But I'm stopping since it was an honest question from Nate that's been answered and he doesn't want to get involved in arguments.
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#124
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https://trib.al/cx4saHZ
BI primer on increasing adoption as payment for goods and services. "Interest in crypto payments is widening among US consumers, per recent BitPay study"
__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#125
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Reserves for payouts versus amounts of bitcoin holdings information out there? You would think institutional investors would not touch crypto without some indication. It still has to be considered a pyramid scheme with a lot of hype.
Some of the massive buys are probably highly leveraged. The danger of course is their sell orders. May be difficulty to engage fast enough on a very rapid crash. This could be an insiders set up as well did cross my mind. They could have a full script in hand. Suddenly close the major exchange down is one. Perhaps triggered by too large a redeeming event. Not really required though. The originator of bitcoin being a secret also might speak volumes. Crypto may be far more fragile than people expect. I guess hype can have a price and perhaps always has. I know how to make money the old fashion way. Print it. Of course even that is not what it once was with todays cashless society. I still feel this could prove to be a very punishing bubble bath.For now I would keep my wallet of information that proves I own bitcoin or whatever off a computor hooked up to the internet. A virus launched by a party could cause havoc for many. In any form of gambling the house prevails over time. |
#126
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If the FBI knows how to grab someones bitcoin so do others. Good luck with that gamble. Last I checked it was around 34K, was at 65K a short while back.
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#127
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OOOPS just checked under 32K. Was 65K+. That is the asked price, probably can buy under 30K. Joes fans not liking that much.
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#128
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Markets seem to really perplex you. The government knows how to seize your USD as well so better stick with the barter system. I hear it's popular in China!
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#129
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Actually crypto currencies are less in the media these days. Without the constant hype this may be the equivalent of pulling the rug out from under them. If coverage of them further declines.
Baiting with bitcoin will go to 100k before the year end. Not going to work well without the level of past media exposure seen. Being present out there. |
#130
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Egads
Well ;
It looks like I was able to divert the money to a new lap top, see my other thread about that . Less risky I hope .
__________________
-Nate 1982 240D 408,XXX miles Ignorance is the mother of suspicion and fear is the father I did then what I knew how to do ~ now that I know better I do better |
#131
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Now had you purchased bitcoin we could have seen the end of cryptocurrencies. That transactions are trackable has changed things as well. The IRS will be loving it. Certain users not so much. l |
#132
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The Curse Of EXPERIENCE
I like to $pend my Lolly on things I know have tangible value...
All my stocks and bonds are out there, I hope to never need to touch them, give to my grand children after I'm gone . I just bought a new lap top and am now looking at an old BMW /5 Motocycle, I know what's what there .
__________________
-Nate 1982 240D 408,XXX miles Ignorance is the mother of suspicion and fear is the father I did then what I knew how to do ~ now that I know better I do better |
#133
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They (FBI) got access to the encryption key with a warrant because the banking institutions were on US soil. If the crypto was not held in a crypto vault (off line) then crypto is no different than any other bank account. A warrant can be obtained for the account/password and the funds can be confiscated. Had the funds been transferred to a offline vault, there would be nothing that the FBI or anyone else could do. I believe this was also covered in the thread about the man with several million in BTC on a vault he could not access.
__________________
Sent from an agnostic abacus 2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD** - With out god, life is everything. - God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson - You can pray for me, I'll think for you. - When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours. |
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#135
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You may find that to be a comforting belief, but it appears to be based on false assumptions. According to the Justice Dept affidavit, the FBI had possession of the private key prior to requesting the warrant. That doesn't suggest that a third party custodian was involved. This is the full text of the affidavit supporting the warrant: https://www.justice.gov/opa/press-release/file/1402056/download "34. The private key for the Subject Address in in the possession of the FBI in the Northern District of California." |
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