Bitcoin and altcoins, anyone here following or use them?

FluffyMcDeath said:
On the other hand, what other risky things can't you buy with a credit card? Presumably they are already banned at casinos and stock exchanges.
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That was the first thing that occurred to me too.
Seems to be a rather, shall we say "selective," form of risk aversion.
I have a Lloyds credit card which I never use but I doubt I'd be prevented from using it to top up an online gambling account to the tune of whatever the credit limit is.
 
Robert said:
Controversial:
Bill Gates says cryptocurrencies have “caused deaths in a fairly direct way”
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As preposterous as claiming law abiding gun owners are to blame for school shootings. Just like with gun control, it is all about control. The central banks don't control cryptoconcurrency and it drives them bonkers. Speaking of central banks, I've never seen anyone level this claim at them. That is even though the people behind the central banks have directly seeded some of the biggest wars and fiat currency has paid for illicit activity since the beginning of time.
 
Child abuse imagery found within bitcoin's blockchain

“Although court rulings do not yet exist, legislative texts from countries such as Germany, the UK, or the USA suggest that illegal content such as [child abuse imagery] can make the blockchain illegal to possess for all users.”

“This especially endangers the multi-billion dollar markets powering cryptocurrencies such as bitcoin.”
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The first major cryptocurrency partnership with a major company is here, and it is Pornhub...

If you haven't figured it out, this is probably NSFW.

 
redrumloa said:
The first major cryptocurrency partnership with a major company is here, and it is Pornhub...

If you haven't figured it out, this is probably NSFW.

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Well Pornhub announced accepting Verge, but there is talk that the actual partnership is with Mindgeek which is the parent company, but also a payment processor. That would be much bigger if proven true.

https://en.wikipedia.org/wiki/MindGeek
 
Oh wow... Stormy Daniels of all people now promoting Verge currency...


Will Trump tweet about Verge now? Hahahahaha
 
metalman said:
Bitcoin bloodbath nears dot-com levels as many tokens go to zero
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"Many tokens" means shitcoins. Shitcoins were always shitcoins.

Shitcoin
DEFINITION of 'Shitcoin'
Shitcoin is a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest failed to materialize, because the altcoin itself was not created in good faith, or because the price was based on speculation.

To keep things in perspective, Bitcoin (original) was roughly $2,450 one year ago. It is currently trading at $6,230.

Yes, this pullback lately is ugly but it isn't completely unexpected. A lot of Altcoins will be exposed as true shitcoins. Shitcoins which were always shitcoins will assume the value they always had, $0.0000000000. If you've ever been in the stock market, you will know the distinction between solid "Big Board" stocks, and "Stinky Pinkie" scams.
 
Woman who once bought bitcoins for $300,000 cash in paper bags sent to prison
At one point, Theresa Tetley had an upstanding client named "Pirate Sh*t."
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A woman who for years went by the name "Bitcoin Maven" on localbitcoins.com—a peer-to-peer website for buying and selling anonymous bitcoins in-person—was sentenced Monday to 366 days in federal prison, three years of supervised release, and a $20,000 fine.

While selling bitcoins is not inherently illegal, doing so in such large volumes without keeping extensive records to mitigate money laundering is.

Federal prosecutors in Los Angeles called the case against Theresa Lynn Tetley—a 50-year-old former stockbroker who bought and sold several million dollars worth of bitcoins—the first of its kind in the region.

Authorities began intensely investigating Tetley starting in 2016 when, unbeknownst to her, she met with an undercover female agent form the Drug Enforcement Administration. When the DEA agent told Tetley she wanted to stay anonymous, Tetley readily agreed.
 
There's A Giant Bitcoin Rat on Wall Street And It's Staring Down the Fed

As if a giant rat staring angrily at the Federal Reserve didn't make this point already, Saiers specifically chose to set loose his creation on Maiden Lane, named after the entity that bailed out the giant companies AIG and Bear Stearns during the 2008 financial crisis.

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But while rats have a long history in protest, it arguably carries added symbolism for cryptocurrency enthusiasts. Remember the time Warren Buffet called bitcoin "rat poison squared?"

You could think of the art installation as a kind of commentary on that, too.
 

Bitcoin Tops $26K for First Time, Less Than a Day After Passing $25K​

The price of bitcoin (BTC) passed $26,000, hardly resting after blowing through what was supposed to have been the landmark level of $25,000 less than 24 hours earlier.

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Deribit Adding Options to Allow Bitcoin Traders to Bet on Rally to $120K, $140K​

The folks at Deribit apparently think betting on a $100,000 bitcoin (BTC) price is so earlier-this-month because on Friday, mere hours before the leading cryptocurrency hit $25,000 for the first time, the crypto derivatives exchange announced contracts on $120,000 BTC with $140,000 added on Saturday morning.

  • A week ago last Thursday, Deribit made waves in the cryptocurrency industry by introducing call and put options at the $100,000 strike price expiring on Sept. 24, 2021.
  • The purchase of a $100,000 call is a bet that bitcoin will rise above that level on or before Sept. 24, 2021, making the option “in-the-money.”
  • When those options went live, BTC was in the midst of a stunning run into uncharted territory past $20,000, setting a then-record high of $23,770 on the day those $100,000 options went live.
  • Since then, after a brief pause, BTC has resumed its rallying ways, hitting $25,000 for the first time late Christmas Day and at time of writing is trading at $25,716.52, up 6.11% in the last 24 hours.
  • It’s not clear when these new calls and puts expire.
UPDATED 12/26/20 at UTC 16:37: Updates with $140k option added.

I want to see how many $140k call options are bought.
 
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