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  1. #161
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    No one really knows what has triggered the latest BTC price plummet. It could be the $40 million Coinrail exchange hack, the price manipulation investigation into some of the exchanges by the Commodity Futures Trading Commission (CFTC), or it could be due to a BTC whale that recently transferred 90,000+ Bitcoins to the Huobi Exchange, triggering fears of a massive sell-off. While people like Tom Lee, John McAfee and Zhao Changpeng remain bullish and believe that the price will recover and hit an ATH within a few months or so, there are a lot of posts from various investors and traders suggesting that BTC could plummet further down to $6K, $5K or possibly $3K before it starts moving up again. Some think that this is a market correction. Maybe it is in part, but it is also due to a number of other factors, such as the Chinese & South Korean ICO bans, the search engine ad bans, the social media ad bans, the SEC, and let's not forget the Mt. Gox trustee who has dumped 1000s of Bitcoins through the exchanges and needs to dump 1000's more. By the way, the Apple Store has just banned crypto mining apps which doesn't help. Yes, Bitcoin is going through a heck of a storm right now, but in time as more institutional investors come to the table and mass adoption takes place, BTC will be worth a heck of a lot more money than it is worth now.

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  3. #162
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    It is more than likely that a BTC whale is responsible for this most recent plummet of the value of BTC.

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  5. #163
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    Australia Crypto Drug Lord behind bars

    During an united attack against the rising cryto crimes in the Darknet "Strike Force Bergmark", "Operation Odin" and "State Crime Command’s Cybercrime Squad" arrested in New South Wales a 33 years old Darknet Crypto Drug Lord, seized cocaine, computers, mobile phones, a diamond ring, $70,000 cash and AU$350,000 worth of crypto from the punk who faces now 45 counts of importing commercial quantities of drugs, supplying commercial quantities of drugs, directing a criminal group and recklessly dealing in proceeds of crime.

    Leopold

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  7. #164
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    The security compromises such as Bitcoin exchange break-ins have got to stop, or Bitcoin and other cryptocurrencies will never reach their true potential. There appears to be an unacceptable level of risk involved for many. The crypto scene and high risk belong very much together. High risk, high reward, or high loss!
    Greg Tingle
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  9. #165
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    TETHERGATE

    Study proves: Bitcoin Price is the result of manipulation!

    A study from University of Texas at Austin "investigates whether Tether, a digital currency pegged to U.S. dollars, influences Bitcoin and other cryptocurrency prices during the recent boom. Using algorithms to analyze the blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices.

    Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies. The flow clusters below round prices, induces asymmetric autocorrelations in Bitcoin, and suggests incomplete Tether backing before month-ends.

    These patterns cannot be explained by investor demand proxies but are most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices.
    "

    Study: https://poseidon01.ssrn.com/delivery...006024&EXT=pdf

    Source: https://papers.ssrn.com/sol3/papers....act_id=3195066


    Leopold

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  11. #166
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    Tens of thousands bullets missing

    A Swiss police officer under the nickname "Clultimate" sold guns in the forum "Spackentreff" ("Turkey Hangout") at the Darknet service "Deutschland Deep Web" ("Germany Deep Web").

    As former chief of logistic at the police he was responsible for procurement of arms and munitions.

    During the house search they confiscated almost everything, Ripley would love to fire bullets with in Alien Part II. Handguns, shotguns, assault rifles and sniper rifles. Only flamethrowers could not be found.

    They found so many guns, that they had to order big vans for the transportation, because the cars of the house search forces were too small for all that fire power. Tens of thousands bullets still missing.

    Leopold

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