Cryptocurrencies

[LinekersLegs]

https://www.theguardian.com/technol...on-flees-iceland-pm-katrin-jakobsdottir-plane
The suspected mastermind behind the theft of 600 computers used to mine bitcoin in Iceland has escaped from prison and fled to Sweden on an aeroplane reportedly carrying the Icelandic prime minister.

Sindri Thor Stefansson escaped through a window of the low-security Sogn prison in rural southern Iceland before boarding a flight to Sweden at the international airport in Keflavik located 59 miles from the prison on Tuesday. Police said he travelled under a passport in someone else’s name, but was identified via surveillance video.

“He had an accomplice,” police chief Gunnar Schram told local news outlet Visir. “We are sure of that.”

 

[Kev The Rat]

looking very solid now although bcash has done better than bitcoin in the last few days. however as per usual this will not last, bitcoin will reassert itself at bcash's expense.

 

[SerenityNigh]

Seems like the SEC (or appropriate authorities) might use that against you at your hearing if you operate the currency

 

[SerenityNigh]

 

[USABlue]

 

[orly]

Oh i wonder if anyone said this might happen

 

[Tubey]

https://news.sky.com/story/treatmen...ddicts-opens-in-the-scottish-borders-11387974

@Kev The Rat - please check in lad and get well, we're rooting for you x

 

[Methuselah]

Late in on this thread. My view is that its the ultimate Ponzi scheme. Some people will make a fortune and most will lose the house.

 

[SerenityNigh]

Noooo!!!!

 

[evilwebby]

Just needs to fall below $6000 for a couple of sessions to break support. Shouldn't be long now...

 

[orly]

Just needs to fall below $6000 for a couple of sessions to break support. Shouldn't be long now...

Not been this low since October last year. It's all over

 

[Efcjake]

I was hoping this thread got bumped.

@Kev The Rat thoughts?

 

[Efcjake]

Hmmm you must have paid a fair bit of transaction fees then because based off of what you said earlier (sold half at 6.3k and 21 at 5.4k for a total of near 240k cash out) you have not invested the full amount buying 44 coins at 4900 (a total of approx. 215k).

Did you lose that ~25k difference on transaction fees?

Still happy with your decision to buy back in @Kev The Rat

 

[Connor]

Ouch.

https://www.independent.co.uk/life-...=Social&utm_source=Twitter#Echobox=1528894556

The price of bitcoin has hit a seven-month low, dropping by $400 over the last few hours to below $6,500.

Bitcoin's price crash follows a hack on a cryptocurrency exchange earlier this week that resulted in a mass sell-off and also coincides with new research that suggests the value of bitcoin was artificially inflated in 2017.

The 2018 low comes after steadily decreasing prices since the world's most valuable cryptocurrency hit a high close to $20,000 in late 2017.

The sharp drop in bitcoin prices has been reflected across the cryptocurrency markets, with all of the top 10 most-valuable digital currencies falling between 7 per cent and 13 per cent over the last 24 hours, according to CoinMarketCap.

One of the hardest is ethereum, which fell below $500 for the first time since April.

Bitcoin was trading at around $600 at the beginning of the week, before news that South Korean cryptocurrency exchange Coinrail caused its price to drop.

"Hacks on exchanges aren’t a new thing and prices of cryptos will recover as they have done so before," David Sapper, COO of Blockbid, told The Independent.

There was a brief revcovery on Tuesday, however a new study published on Wednesday by a researcher at the University of Texas seems to have caused the price to fall even further.

The study suggests that the highs of late 2017 were artificially inflated by traders manipulating the market.

Despite the latest price crash, some enthusiasts remain optimistic that bitcoin's value will rebound.

 

[evilwebby]

Not been this low since October last year. It's all over

Can still fall up to 100% from here.. its far from over.

I'm quite surprised it hasn't fallen further than it has.. bubbles tend to collapse faster than they go up, and considering how BTC went from $3.5k - $20k in just a few months in the blowoff phase, I would say its done well to cling on as much as it has.. probably just means that there's still a lot of hope and optimism in the market that needs crushing with lower prices.