bitcoin crash 6 december

1.UK General Election BBC Exit Polls Forecast Accuracy - Nadeem_Walayat 2.UK General Election 2017 Seats Final Forecast, Labour, Conservative Lib-Dem, SNP - Nadeem_Walayat 3.UK General Election 2017 Forecast: Conservative 358, Labour 212 Seats - Nadeem_Walayat 4.Theresa May to Resign, Fatal Error Was to Believe Worthless Opinion Polls!- Nadeem_Walayat 5.UK House Prices Forecast General Election 2017 Conservative Seats Result - Nadeem_Walayat 6.The Stock Market Crash of 2017 That Never Was But Could it Still Come to Pass?ALERT] Write This Gold Stock Ticker Down Now - WallStreetNation 8.UK General Election Results Map 2017 vs 2015 vs Opinion Polls - Nadeem_Walayat 9.Orphaned Poisoned Waters,Severe Chronic Water Shortage Imminent - Richard_Mills 10.How The Smart Money Is Playing The Lithium Boom - OilPrice_Com Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off - 24th Jun 17 Gold Summer Doldrums - 23rd Jun 17 Hedgers Net Short the Euro, US Market Rotates; 2 Horsemen Set to Ride?
- 23rd Jun 17 Nether Edge By Election Result: Labour Win Sheffield City Council Seat by 132 Votes - 23rd Jun 17 Grenfell Fire: 600 of 4000 Tower Blocks Ticking Time Bomb Death Traps!- 22nd Jun 17 Car Sales About To Go Over The Cliff - 22nd Jun 17 LOG 0.786 support in CRUDE OIL and COCOA - 22nd Jun 17 More Stock Market Fluctuations Along New Record Highs - 22nd Jun 17 Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook!- 22nd Jun 17 Green Party Could Control Sheffield City Council Balance of Power Local Election 2018 - 22nd Jun 17 Ratio Combo Charts : Hidden Clues to the Gold Market Puzzle - 22nd Jun 17 Steem Hard Forks & Now People Are Making Even More Money On Blockchain Steemit - 22nd Jun 17 4 Steps for Comparing Binary Options Providers - 22nd Jun 17 Nether Edge & Sharrow By-Election, Will Labour Lose Safe Council Seat, Sheffield?- 21st Jun 17 Stock Market SPX Making New Lows - 21st Jun 17 Your Future Wealth Depends on what You Decide to Keep and Invest in Now - 21st Jun 17 Either Bitcoin Will Fail OR Bitcoin Is A Government Invention Meant To Enslave... - 21st Jun 17 Strength in Gold and Silver Mining Stocks and Its Implications - 21st Jun 17 Inflation is No Longer in Stealth Mode - 21st Jun 17 CRUDE OIL UPDATE- “0.30 risk is cheap for changing implication!”
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- 19th Jun 17 Gold Proprietary Cycle Indicator Remains Down - 19th Jun 17 Stock Market Higher Highs Still Likely - 18th Jun 17 The US Government Clamps Down on Ability of Americans To Purchase Bitcoin - 18th Jun 17 NDX/NAZ Continue downward pressure on the US Stock Market - 18th Jun 17 Return of the Gold Bear?bitcoin report goldman sachs- 18th Jun 17 Are Sheffield's High Rise Tower Blocks Safe?bitcoin cause inflationGrenfell Cladding Fire Disaster!bitcoin wiki money supply- 18th Jun 17 Globalist Takeover Of The Internet Moves Into Overdrive - 17th Jun 17 Crazy Charging Stocks Bull Market Random Thoughts - 17th Jun 17 Reflation, Deflation and Gold - 17th Jun 17 Here’s The Case For An Upside Risk In The Global Economy - 17th Jun 17 Gold Bullish on Fed Interest Rate Hike - 16th Jun 17 Drones Upending Business Models and Reshaping Industry Landscapes - 16th Jun 17 Grenfell Tower Cladding Fire Disaster, 4,000 Ticking Time Bombs, Sheffield Council Flats Panic!ethereum medium
- 16th Jun 17 Heating Oil Bottom Is In.(probably)- 16th Jun 17 Here’s the Investing Reason Active Funds Can’t Beat Passive Funds—and It Worries Me a Lot - 16th Jun 17 Is There Gold “Hype” and is Gold an Emotional Trade?bitcoin card kaufen- 16th Jun 17 Subscribe Now / Holders of the Bitcoin fictional currency remain in a state of denial as MtGox, the worlds largest Bitcoin exchange has effectively gone bust after a fortnight of statements that they would soon resume allowing clients to transfer their funds and bitcoins out of 'Magic the Gathering', instead MTGox has disappeared in a puff of smoke with some estimated 750,000 of customer bitcoins that at the current average market price of $500 (illiquid price) would be worth $375 million.litecoin topicPanicking holders of bitcoins visiting the MtGox site were earlier met with an alarming blank page which has now been replaced with the following just as alarming message : 'Magic the Gathering' has been busy throwing up a smoke screen for several weeks as to what has actually happened to its customers 750,000 bitcoins with statements such as that the exchange had been subject to hacking, cracking and theft the truth of which can only be ascertained via a police investigation that will look at the evidence, if they can find any left as the MTGox has shut its offices and melted away, busily deleting any evidence that it actually ever existed as evidenced by its Twitter account having been wiped blank.bitcoin to aud in 2010
Now it is upto the authorities to determine whether an estimated $375 million fraud has taken place or not, that apparently sought to hook investors to deposit their funds into the fictional currency and then to vanish in a puff of smoke, leaving investors literally crying outside its former offices with stories of how their bitcoin holdings running into the hundreds of thousands of dollars have just vanished.A ponzi scheme is designed to hook investors into investing by promising rewards that can never be realised, where early investors receive pay outs from new investors.The ponzi schemes eventually collapse when the number of new investors are not enough to cover the payout's to earlier investors seeking an exit.We'll as soon as the bitcoin price started to fall which made new investors wary of putting their hard earned fiat cash into the fictional currency then apparently we hear out of the blue announcements of a theft having been discovered, as though a button was pressed and then the investors holdings vanished in a puff of smoke!
Here's what I warned near 3 months ago : 07 Dec 2013 - Bitcoin Price Crash Towards Zero?The Ponzi Scheme Bubble Plays Out as Designed Bitcoins is DESIGNED to play out as a ponzi scheme bubble to enrich those that created it as they mined over a million bitcoins (current 12.1mln bitcoins) relatively easily (initially low processing power required), with future supply increasingly limited as much greater processing power is required to mine more blocks which coupled with the media frenzy has helped push up the price which the designers and early adopters can offload into and onto unsuspecting fools.This is a ponzi scheme where only the designers and initial miners win hugely, that I suspect will lead to criminal prosecutions.Again the bitcoin slime never had any real value for they were backed by NOTHING, unlike fiat currency which is backed by tax payers.To be clear, Bitcoins are fictional, fake money.THEY HAVE NO VALUE.It has been funny watching and reading the mainstream press these past few days (whilst trying hard not to vomit) commenting on what has been taking place at MtGox and how they have been very naughty and how risky bitcoins apparently are.
This whilst these (I came close to putting the C word here), these self same 'contemptible persons' were guilty of reporting sales pitches that hooked many unsuspecting victims into the bitcoin ponzi scheme by ridiculously referring to it as an alternative currency.The journo-fools might as well have stated that investors should ditch the U.S.Dollar and British Pound to instead use the Zimbabwe dollar which too would have seen its price soar only to collapse once reality dawned, and even there the Zimbabwe dollars are a more credible alternative than any of the craptocurrencies which are backed by NOTHING!The clueless mainstream press populated with journalists who think they are experts in every field but in reality are nothing more than bleating sheep tasked with selling advertising space, baaah, baaaah, baaaaah, to their sheepeople readers baahing in agreement, instead of now warning their shepeople readers to steer clear of the fictional craptocurrency are vomiting advice to spread their risk amongst several exchanges or to use digital wallets parked on their hard drives, which shows a little knowledge is even more dangerous than no knowledge!
In reality what the clueless journalists are effectively saying is that instead of putting all of your money into one big ponzi scheme, that instead you should spread your money amongst several ponzi schemes so that they don't all blow up at the same time.And as for the digital wallets, well don't be surprised that when you go to take a peak at your bitcoins that a trojan virus will have transferred them out long ago.Meanwhile the worlds other major Bitcoin exchanges that are usually located in the wild west of poorly regulated countries have been busy issuing reassuring statements to their own holders of bitcoins just as MtGox had been doing for several weeks before performing its vanishing act.To be blunt, someone would have to be really dumb and therefore deserve to lose all of their money if they thought that MtGox was an isolated incidence.Have people learned nothing from the financial crisis ?When Northern Rock went bust was it an isolated incidence?That's what the central bankers told us!
When Lehman's went bust the politicians and central bankers told us it was an isolated incidence.The truth was that ALL of the banks were bankrupt!They were ALL BANKSTERS, all as bad as one another.So the answer to the question as to who will be next ?Just as took place during 2008, watch for ALL of the dominoes to tumble!29 Nov 2013 - Bank of England UK Housing Market Bubble Panic is Mark Carney Playing Game of Thrones As was the case for the original Tulip Mania, following the bursting of the bubble Bitcoins will soon be forgotten and so will the craze for all peer to peer i-currencies, as the bottom line is that bitcoins never matched the hype for transactions are NOT anonymous and it IS heavily manipulated by a handful of mining pools so is not decentralised as today ordinary people cannot muster the processing power required to mine for bitcoins.The bottom line is that bitcoins are a pyramid ponzi scheme where those who got in early win, whilst everyone else loses.If you own bitcoins then you should get out IMMEDIATELY!
05 Dec 2013 - Bitcoin Mania Bubble Bursts, China Triggers Price Crash Start, Technical Forecast A quick technical review of the charts implies that a double top pattern is being formed which is a warning that the bounce from the neckline is not something that bitcoin holders should put much hope into for the price is likely to reverse within days to break the neckline and retrace all the way down to at least 500 (current 1074), which is more than a 50% drop of the last price and a 60% drop from the high.07 Dec 2013 - Bitcoin Price Crash Towards Zero?The Ponzi Scheme Bubble Plays Out as Designed The bitcoin stepped crash with much volatility continues to play out not just towards my technical target of 500 but eventually towards virtually zero as represented by my longer-term objective of just 15, that is 1/99th of its trading high.So understand this that the nightmare for those who continue to hold onto bitcoins is only just beginning, yes the price has crashed by 37%, but it is still stands 37% above its technical target of 500 and has the potential for a 96% loss of its current value should the target of 15 be realised, so this is NOT the time to hold on hopes of recovering back towards the highs as the loss of value sustained could literally be TOTAL!
A lesson that all market traders have to learn else they will go bankrupt holding on for price recoveries that always become more distant with each stomach churning lurch to the downside.16 Feb 2014 - Bitcoin Craptocurrency Ponzi Crash Grinds Towards ZERO, Where's Max Keiser Hiding?Bitcoin Craptocurrency has plunged to USD $230, down 81.6% from its USD $1250 high - Unfortunately for bitcoin holders the ponzi scam crash continues to play out as holders of bitcoins find out that as is the case with all scams that when they want to sell their holdings they CAN'T.Instead they are locked into holdings that continue collapse in value all the way towards a pittance of the price that hooked them into buying of just a few months ago.Slovenia, Bulgaria, Romania, and such like places where the now effectively frozen bitcoin exchanges operate from should have been a big signal for SCAM ALERT!Even the big exchange at Tokyo remains frozen as hackers, crackers, and cyber attackers dictate the real value (if any) of the craptocurrency.
The current 'price' of Bitcoins is USD $230, though off course the price is absolutely meaningless if one cannot actually trade at it !Which is the case for many bitcoins holders today, as they will only be released form their bitcoin torture when the value of their holdings has been effectively wiped out, stolen by those that constructed and maintained the ponzi scam that hooked many unsuspecting naive investors into its vortex amidst an avalanche of sales propaganda that was liberally regurgitated at length by worthless mainstream media that painted a picture of Bitcoins having come of age when the truth was of the scammers final price spike.Copyright © 2005-2014 Marketoracle.co.uk (Market Oracle Ltd).Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash.Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market.
He is the author of five ebook's in the and Stocks Stealth Bull Market series.that can be downloaded for Free.Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction.http://www.marketoracle.co.uk Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice.Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis.Individuals should consult with their personal financial advisors before engaging in any trading activities.© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
TruthTeller 26 Feb 14, 09:36 Bitcoin Scam Of course it's over.This was simply a libertarian fantasy waiting to crash against the shoals of reality.It was a sham and a scam from the get-go.Who ya gonna complain to now - the United States of Gox?The Attorney General of Gox?Yeah, you see what I'm driving at?There's no there, there.It's all a bunch of jibberish.Sorry that real people are going to get hurt but y'all are responsible for your individual actions, right?popshed 26 Feb 14, 10:40 MTGox Bitcoin holder This guy over on Reddit - “I want to start off by saying that I’ve been waiting for this moment for a while.I knew it was bound to happen sooner or later, as soon as we weren’t able to withdraw our coins from Mt.I stupidly had my life’s savings in bitcoin, and when the price started to fall, I converted to dollars and watched the price plummet.Not to try to earn a bunch of sympathy or anything but this was not only my money but it was going to be my 5 year old son’s education fund which i took out of fidelity about 1 year ago to mess with bitcoins”Stunning.
mikedittor 26 Feb 14, 11:21 Bitcoins and Gold the bitcoin crowd is the the same crowd that was loading up on bullion at $1900, the same ol same ol stupido.NorthernVigour 26 Feb 14, 12:43 Bitcoin pony virus Reuters reported a more thorough story.Rather than hold the hand of its readers, Reuters reported the "PONY" virus that is infecting over 600,000 computers of Bitcoin wallets and other on-line users.The PONY virus seems to be cleaning out bitcoin wallets, leaving people wondering "Where is my money"...geez people are stupid.I just checked my bullion...it is perfectly safe where I hid it.R.E.B 26 Feb 14, 21:19 Max Keiser still pumping Max Keiser and sidekick Stacy still amazingly pumping this fraud to an apparently enthusiastic audience of lemmings, and calling the MtGox debacle "growing pains" !!!!Apparently loads of "venture capital" is going into Bitcoin at the moment and Max is a buyer at these levels.No really, Iam not making this up.Only logged in users are allowed to post comments.