Mt. Gox Creditors Get New Avenue for Recovering Bitcoin ...

Blockchain CEO: "Some big news dropping tomorrow". Mentions Bloomberg and MarketMakers.

Blockchain CEO: submitted by jxlarrea to Bitcoin [link] [comments]

Notes from the Hearing Today

Apologies for typos and grammatical errors; wanted to get this out as soon as possible for those that weren't able to watch the live stream. Cleaned up formatting to make it more readable.

While this isn't a 100% word-for-word transcript, the overtone of the meeting should have been conveyed. SEC and CFTC want protections for consumers, but don't want to outright ban crypto. I was under the impression that both agencies were well-educated, but understaffed. They both want to introduce protections for customers and investors and go after scam artists, but don't want to impose any restrictions or regulations that would be bad for crypto as a whole (both from a security perspective, and a technological innovation perspective). Overall a huge positive.

Crapo
Brown
Clayton
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Sen. Shelby
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Sen. Kennedy
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Warner
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Menendez
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Ms. Masto
Clayton
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Giancarlo
Ms. Warren
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Crapo
submitted by cembry90 to CryptoCurrency [link] [comments]

5 Reasons Why Storing your Crypto on an Exchange is a Bad Idea!

Most of us already know that storing cryptocurrency is inconvenient and almost too difficult. It’s not surprising, given how new the technology is.
We’re still a little while away before we hit high adoption rates for cryptocurrency because of this. But with tech startups paving the way for innovative solutions around storing cryptocurrencies,we’ll hopefully experience more convenience, security, and trustworthy services.
For some of us that continue with the struggle, we continue the with the hard route and ‘be our own bank_’. Others continue to go down the _somewhat easier route: leaving their cryptocurrency on the exchange.
Keeping your cryptocurrencies on exchanges does offer some benefits though.
Pros:
These are significant advantages over cold storage solutions currently. However, the following will make you think twice before you keep your cryptocurrency on an exchange.

Here are 5 reasons why it can be a bad idea!

The original is published here if you want to read the article with images.

5. Exchange BTC-E seized by FBI- locking users funds

Mid 2017
BTC-E, a popular exchange in the past, was seized by the FBI over the alleged Alexander Vinnik who was found guilty of laundering funds through the exchange. Alexander Vinnik was originally thought to be one of the operators of the website, however these claims were denied by BTC-E later on.
Since then BTC-E has shipped operations to New Zealand and re-branded to WEX. It is believed that most users have been able to access their funds.
Having said that, it was difficult time during the down-time, with all users unsure if they’d ever be able to access their funds. Although the user base continues to grow, the community had been split over BTC-E. Several users have resisted transacting on the exchange due to their secretive operations.
On the other hand BTC-E has had significant support, one user commenting “BTC-E deserves respect” over their commitment to re-opening the portal to it’s users.
It has been in-evident that BTC-E played any part in the laundering. So, although BTC-E may not have been 100% at fault- the story does show you the risk you put yourself against trusting a third party to mind your coins for you.

4. Indian crypto exchange Coinsecure loses $3.5m in customers’ bitcoin

April 2018 An exchange operating in India had nearly $3.5 million worth of user’s Bitcoin stolen. The company blamed the security chief, Dr Amitabh Saxena for stealing the funds. Regardless of how the 438.318 Bitcoin went missing- it clearly shows the lack of protective measures exchanges get away with.
Coinsecure claims that they are working “_day in and day out, and investigations are in full swing for a possible recovery of the lost BTC_”. However they are treading carefully, even with their promises, their website states “should we be able to recover all of our BTC, all BTC holdings will be refunded”. Key words being ‘should we be able to’.

3. Italian exchange BitGrail claims $195 million worth of Nano (XRB) lost through hack

February 2018
The exchange claimed that the cryptocurrency was stolen through a hack. Bitgrail have not accepted responsibility for the breach, claiming that the Nano cryptocurrency was flawed.
Nano on the other hand continues to hold its ground, stating: “to date, all reliable evidence we have reviewed continues to point to a bug in BitGrail’s exchange software as the reason for the loss of funds.”
Once again, BitGrail confirms to have been a victim of theft. A crime made possible by taking advantage of known failures in the NANO team’s various software (Rai Node and the Official Block Explorer) and therefore, for these reasons and in accordance with the law, BitGrail doesn’t consider itself responsible for the unforeseen circumstances.- Official statement from BitGrail
After several months of halt, Bitgrail has announced a commencement of operations on 2 May 2018 at 10:00 UTC stating, “the markets and withdrawals will be operating for all coins, except for NANO/XRB. BitGrail re-open the NANO/XRB market for users at a date to be announced shortly.”

2. $400 Million Goes Missing From Japanese cryptocurrency Exchange Coincheck

January 2018
Yet another unsettling few months for investors as they wait for 500 million XEM tokens to be refunded after they were stolen. The Japanese exchangehalted all trading at the time and have recently restarted trading. This was regarded as one of the biggest cryptocurrency thefts, next to the infamous Mt Gox saga.

1. Mt. Gox Declares bankruptcy over 850,000 missing Bitcoin

2011–2014
Mt. Gox at its prime was regarded as one of the biggest Bitcoin exchanges. Unfortunately, it came to a nasty end once it was found that an extensive number of Bitcoins went missing. Investigations in 2015 found that the coins went missing over time, starting in 2011.
By far, the most infamous and nerve wrecking loss in the history of cryptocurrency. The saga continues to date though, with the trustee claiming to have sold a large chunk of Bitcoin in early 2018. It was speculated but not definitive that this had a large hand in causing the Bitcoin crash around the time.
The above is not intended to spread FUD. It is a reminder to be careful on how you store your cryptocurrency and raise awareness of the potential risks.
The statement ‘be your own bank’, rings true still. It will continue to do so until we can receive service offerings that combine cryptocurrency with convenience, trust, and security. Having said that, there are also severe risks you carry if you do become your own bank. Damned if you do, damned if you don’t!
Here’s a quick run down on different storage methods for cryptocurrency and their associated risks.
Most of the cryptocurrencies in the market today are based on ERC20. So you can also download this free guide on storing Ethereum and ERC20 tokens.
But if you decide to continue storing your cryptocurrency on an exchange you may want to do the following:
  1. Diversify across multiple exchanges- keeping your crypto on multiple exchange means less risk of losing ALL your holdings in case one exchange goes down or shuts down
  2. Keep a small portion on an exchange for transfers while the rest in cold storage.
submitted by doctorjay_ to CryptoMarkets [link] [comments]

Ladies and Gentlemen, I present to you the person in charge of Bitfinex's OTC trading desk (HOWTO: SFYL v2.5.6)

I logged into bitfinex the other day to check on my altcoin shorts and was greeted with a lovely new tab at the top of the website about an OTC market. Interested, I clicked in and...well, the SFYL popcorn will be buttery.
Text from the Bitfinex website:
Recently, many Bitfinex users Tether USDT Tokens Bitfinex internal managers have expressed interest in the ability to make larger trades offload worthless tokens and cash out directly with a counterparty suckers without having to go through the public order books by laundering through our offshore tulips exchange.
To make that possible, Bitfinex is pleased to offer a new Over The Counter (OTC) trading desk. Through our OTC desk, customers suckers will be able to access digital currency liquidity buy our worthless beanie babies without affecting the exchange market price elaborate automated wash-sale/money laundering operation.
Important:
OTC trades incur a fee of 0.100% on both sides. Bitfinex makes more money
OTC is for large orders only (100k USD notional minimum) We need large orders so we can create more useless USDT tokens to artificially inflate the price of bitcoin
Ready to begin OTC trading? Email [email protected] and we will configure your account today.
It got interesting here
Introduction to Bill Brindise
Heading up our desk laundering operation is Bill Brindise, the former Chief Trading Officer of DigitalX. He brings with him claims over three years of digital currency MtGox trading experience and contacts throughout the industry such as Roger Ver. Before trading digital currencies worthless energy tokens, Bill spent 18 years claims to have spent time trading and brokering energies and metals on the NYMEX floor and in the OTC pink-sheet (read: wolf of wall stree) markets. With over~~ 20 years of trading and sales experience~~ 10 years of Poker experience on Full Tilt, Bill is the ideal candidate to lead our OTC desk and support future innovation at Bitfinex.
Ladies and Gentleman, I present to you Bill Brindise.
I mean, nevermind that as his role in the capacity of a C-level exec, his LinkedIn mentions absolutely nothing about his actual trading experience. Okay, but if he has grown a company $20MM or worked as a lead trader for major NYC financial firms then surely his name has been in the news at some point. Hmmm. We must go deeper. Turns out he's worked at other commodity trade groups, let's check out his experience shall we? Turns out everything he has original said about himself is the same as what he is saying about himself now. Or in otherwords, people never lie on their resumes! .....whoops
Bill Brindise joins as an Energy Trader in the Commodities Group. He previously worked at BES Capital and SHK Management as Head Energy Trader.
Two ways to take for us to take advantage of the OTC desk you
To get started, please contact [email protected] and we will get you set up SFYL your buttcoin tokens right away.
submitted by bluejeanbetty to Buttcoin [link] [comments]

Subreddit Stats: Buttcoin top posts from 2014-02-28 to 2019-01-15 01:31 PDT

Period: 1781.72 days
Submissions Comments
Total 1000 66504
Rate (per day) 0.56 37.31
Unique Redditors 546 7216
Combined Score 190256 613696

Top Submitters' Top Submissions

  1. 4165 points, 23 submissions: Tomatoshi
    1. Cryptocurrency Euthanasia Coaster (489 points, 127 comments)
    2. Mark Karpeles states Bitcoin has failed and is useless. (273 points, 95 comments)
    3. Vergin comedy gold leaks ahead of announcement (241 points, 159 comments)
    4. Incredibly "organic" pump minutes before Tether prints $300 million (237 points, 82 comments)
    5. In today's Creepto News : McAfee's Underground King of ICO analysts apparently a pedo (230 points, 99 comments)
    6. Dying Butter attempts to dox imaginary assassin. Gives him an imaginary name and non-existent address. (215 points, 70 comments)
    7. Back under 8K. Shall I get rid of my fiat? (210 points, 86 comments)
    8. President Maduro's computer hacked. Exit scam image discovered. (205 points, 12 comments)
    9. Come all ye faithful and get rekt margin trading (185 points, 59 comments)
    10. Lightning Network upgraded - super efficient diagram of super efficient payment channels running on top of super efficient blockchain (183 points, 73 comments)
  2. 2691 points, 10 submissions: Orbalisks
    1. Debating Bitcoin (747 points, 114 comments)
    2. 1 Bitcoin transaction uses over four times as much energy as 100,000 VISA transactions (492 points, 150 comments)
    3. Remember that model that the Bitcoin crowd constantly mocked? Turns out it was pretty much spot on... (346 points, 90 comments)
    4. MRW I see butters describing how they lost 40% on Verge so they went all in on Tron but lost another 30% so they went back to Bitcoin but are down 25% (216 points, 38 comments)
    5. The Parable of the Bagholder (201 points, 14 comments)
    6. Then they came for me (161 points, 18 comments)
    7. First. Global. Currency. (148 points, 55 comments)
    8. Verge creator desperately (and unsuccessfully) trying to cash out into USD on Coinbase; notes that "taxes are due"--an observation that conspicuously coincides with Verge's enigmatic crowdfunding campaign (143 points, 34 comments)
    9. Butter shares comical chart suggesting that Bitcoin is destined for 100% adoption, despite the fact that the chart both misrepresents how long Bitcoin has been around for and already shows that it is not being adopted as quickly as other technologies (120 points, 76 comments)
    10. First you pump, then you dump (117 points, 25 comments)
  3. 2556 points, 15 submissions: dgerard
    1. The OKEx margin trading disaster — how crypto margin trading goes wrong, and how the eye-watering margin leverage on crypto exchanges works in practice (306 points, 212 comments)
    2. "Attack of the 50 Foot Blockchain" is OUT NOW! (284 points, 98 comments)
    3. Reuters on OTC markets: "Less romantically, traders sometimes say 'butt' to mean bitcoin." we did it lads, be proud (268 points, 17 comments)
    4. How does Brave's "Basic Attention Token" work? By blatant fraud, of course! Twitter thread from one creator whose name and photo Brave is misusing (192 points, 173 comments)
    5. bullish on USD. it is clear USD is increasingly popular with past hodlers of the deprecated bit-Coin. USD has gone up hugely in just the past day against the b.t.C!! in the future it is posible with enough imagination that the US economy could run on USD ! in conclusion you should get into currency (186 points, 26 comments)
    6. Twitter thread of Bitcoin price predictions (164 points, 30 comments)
    7. "Kodak board members conveniently grant themselves shares the day before the announcement, a stock promoter with a checkered past is engaged for PR, and a group of German copyright trolls reinvent themselves as blockchain-enabled image platform managers." A scathing hedge-fund report on KodakCoin. (157 points, 44 comments)
    8. MERL Tech: Blockchain for International Development. "We documented 43 blockchain use-cases ... no documentation or evidence of the results blockchain was purported to have achieved in these claims ... Not one was willing to share data on program results." (143 points, 44 comments)
    9. Bitcoin’s stupendous power waste is green, apparently — bad excuses for Proof-of-Work [by me] (133 points, 112 comments)
    10. Bitcoin continues to be awesome for renewable energy! - "Bitcoin backlash as ‘miners’ suck up electricity, stress power grids in Central Washington" (130 points, 39 comments)
  4. 2541 points, 10 submissions: borderpatrol
    1. Buttcoin Foundation ROCKED as founder exposed to be PAID SHILL for Butterfly Labs (1269 points, 553 comments)
    2. Stop with the political and racist garbage (177 points, 119 comments)
    3. To the person who reports every single chart posted in this sub as "not a fucking log chart" (167 points, 40 comments)
    4. WE DID IT REDDIT! (166 points, 55 comments)
    5. Someone finally said "Buttcoin". And it's William Shatner (156 points, 39 comments)
    6. My new Bitcoin commercial idea. (140 points, 21 comments)
    7. Let's welcome /Buttcoin's newest honorary member of the mod/shill team, Peter Todd! (125 points, 54 comments)
    8. Satoshi Nakamoto is an anagram of "So a man took a shit." (118 points, 16 comments)
    9. Guess which convicted felon just fucked over another Bitcoin business? (112 points, 31 comments)
    10. You guys are the best (111 points, 81 comments)
  5. 2509 points, 12 submissions: JihanButt
    1. Hot (404 points, 19 comments)
    2. Made me check (and kek) (398 points, 49 comments)
    3. Mass adoption is here (257 points, 60 comments)
    4. New record for the fastest exit scam in human history (245 points, 23 comments)
    5. Meanwhile on 4chan bizbutt (210 points, 88 comments)
    6. TIL: Binance can exit scam at any given time and no one would be able to locate CZ or the Binance offices. Not even MtGOX was this shady. (200 points, 65 comments)
    7. Quality (172 points, 53 comments)
    8. Normies are shorting (137 points, 44 comments)
    9. CEO (lol) of shitcoin Titanium BUTT, high on cocaine during AMA (136 points, 16 comments)
    10. It begins... The biggest transfer of comedy gold in human history (122 points, 17 comments)
  6. 2470 points, 12 submissions: unitedstatian
    1. I can't tell why but this ICO doesn't look trustworthy to me (369 points, 47 comments)
    2. Cryptocurrency (332 points, 26 comments)
    3. Has crypto become a giant joke? (311 points, 60 comments)
    4. A Buttcoiner going shopping (248 points, 37 comments)
    5. There is only a 1% chance of successfully routing a $67 payment on the lightning network (229 points, 71 comments)
    6. Comedy gold over at bitcoin (179 points, 54 comments)
    7. The Four Commandments (148 points, 65 comments)
    8. Behold LN in it's full glory as two users fail to send a meager 100 Sats through a high liquidity hub (Bitrefill) due to poor route computation. (146 points, 76 comments)
    9. Jimmy Song giving advice on how to use Bitcoin as a method of payment lol! (143 points, 57 comments)
    10. This is my new favorite ICO. (130 points, 94 comments)
  7. 2037 points, 11 submissions: dyzo-blue
    1. Butter informs his tribe that he has decided to leave. Tribe kindly wishes him good luck and a happy new year. (510 points, 81 comments)
    2. STORE OF VALUE. (184 points, 32 comments)
    3. TIL: Apparently butters are mostly models who have meet-ups on boats. (167 points, 43 comments)
    4. Bitcoiner asked me if I was in the "crypto game" (165 points, 140 comments)
    5. Bitcoin’s energy consumption is growing at 20% per month and is effectively erasing decades of progress on renewable energy (160 points, 93 comments)
    6. Steve Bannon is creating a cryptocurrency to fund global fascist movements (155 points, 175 comments)
    7. Firesale! Firesale! All I see are CHEAP COINZ. (154 points, 130 comments)
    8. The electricity required for a single Bitcoin trade could power a house for a whole month (147 points, 81 comments)
    9. Who sees this pop-up and thinks, "Hmm, seems legit"? (146 points, 40 comments)
    10. From California's Governor Primary Ballot (126 points, 28 comments)
  8. 2035 points, 13 submissions: 18_points
    1. BitGrail insolvency due to people editing client-side javascript and withdrawing free NANO! (279 points, 115 comments)
    2. Butter rushes to exchange his iMac for a MacBook hours before return policy expires, doesn't copy his wallet seed. $170K SFYL, mass adoption imminent. (205 points, 102 comments)
    3. LA Times: The only currency worse than bitcoin is Venezuela’s (176 points, 78 comments)
    4. Butter makes $1.2mm, quits his job, proceeds to lose 80% (175 points, 76 comments)
    5. Bitcoin.com openly admits Tethers are backed by nothing (158 points, 99 comments)
    6. Tether CFO: "Tether may no longer continue to use the US dollar anchor in the future." (152 points, 80 comments)
    7. Aaaand it's gone.... Stablecoin basis closes shup after raising $133 million (151 points, 61 comments)
    8. Guy travels abroad paying with bitcoin. Just kidding, he couldn't pay with bitcoin - best he could do after 2 days trying was trade bitcoin for cash 20% below spot. (138 points, 62 comments)
    9. Because this chart never gets old ... (126 points, 46 comments)
    10. Tether crashing on Kraken, down to $0.98 (125 points, 69 comments)
  9. 1985 points, 6 submissions: cool_playa
    1. a shitcoin startup called Prodeum just exitscammed with millions of investor dollars and left them the following message on their site (1111 points, 170 comments)
    2. Cryptocurrencies: Last Week Tonight with John Oliver (HBO) (256 points, 72 comments)
    3. Charlie Lee gets put in his place (185 points, 29 comments)
    4. Vitalik rethinks his stance as a Libertarian due to the current cryptocurrency ecosystem. Regulations are actually good he says. LMAO. (180 points, 86 comments)
    5. Twitter CEO says Bitcoin is the future / Twitter bans cryptocurrencies from advertising on their platform. (129 points, 11 comments)
    6. Bubble, Bubble, Fraud and Trouble - New York Times article (124 points, 81 comments)
  10. 1916 points, 10 submissions: Cthulhooo
    1. Ladies and Gentlemen I have an innovative idea that will change the landscape of cryptospace forever. I present you the infinite reverse Ponzi scheme. (355 points, 237 comments)
    2. ETH is now officially a 2 digit shitcoin! (258 points, 110 comments)
    3. So this is how blood in the streets looks like... (215 points, 91 comments)
    4. Missed us? (211 points, 44 comments)
    5. The new paradigm (of spam) has arrived. (171 points, 45 comments)
    6. Attention all personnel. (168 points, 62 comments)
    7. Not only bloomberg or CNBC. Even national media all over the world are screaming about tether manipulation. This is good for buttcoin. (168 points, 42 comments)
    8. The biggest bagholders on the planet are actually institutions. Bought bitcoin for $40k (142 points, 44 comments)
    9. Millions of dollars stuck forever in a buttchain thanks to an international community effort to establish the largest comedy gold black hole up to date. (116 points, 28 comments)
    10. Smart ponzi FOMO3D round 1 ends way too early with a creative twist (112 points, 98 comments)

Top Commenters

  1. SnapshillBot (15642 points, 683 comments)
  2. Cthulhooo (11080 points, 1057 comments)
  3. Tomatoshi (10485 points, 577 comments)
  4. newprofile15 (7365 points, 477 comments)
  5. jstolfi (7325 points, 766 comments)
  6. JeanneDOrc (6318 points, 827 comments)
  7. friosc (5326 points, 244 comments)
  8. Woolbrick (5088 points, 318 comments)
  9. Crypto_To_The_Core (4838 points, 678 comments)
  10. HopeFox (4673 points, 331 comments)

Top Submissions

  1. I'm having an orgasm watching the prices dropping - upvote if you're a sick a degenerate like me by deleted (1456 points, 340 comments)
  2. Buttcoin Foundation ROCKED as founder exposed to be PAID SHILL for Butterfly Labs by borderpatrol (1269 points, 553 comments)
  3. a shitcoin startup called Prodeum just exitscammed with millions of investor dollars and left them the following message on their site by cool_playa (1111 points, 170 comments)
  4. And the returns have already begun. One person and a known reseller we get regularly. by cloud3514 (907 points, 278 comments)
  5. c o m p u t e r s c i e n c e by brokenAmmonite (856 points, 125 comments)
  6. U.S. Launches Criminal Probe into Bitcoin Price Manipulation by BitcoinTrolling101 (761 points, 218 comments)
  7. Debating Bitcoin by Orbalisks (747 points, 114 comments)
  8. TIL bitcoin is called the currency of the future because all currency transactions are confirmed in the distant future. by Thief_1 (720 points, 37 comments)
  9. M A T H E M A T I C A L L Y I M P O S S I B LE by NORATHEDESTROYER (693 points, 86 comments)
  10. This is the best take of crypto-currency that I've ever seen. by deleted (689 points, 137 comments)

Top Comments

  1. 1874 points: AlbertRammstein's comment in The OKEx margin trading disaster — how crypto margin trading goes wrong, and how the eye-watering margin leverage on crypto exchanges works in practice
  2. 1263 points: Mike_Prowe's comment in Buttcoin Foundation ROCKED as founder exposed to be PAID SHILL for Butterfly Labs
  3. 820 points: Slayer706's comment in Buttcoin Foundation ROCKED as founder exposed to be PAID SHILL for Butterfly Labs
  4. 577 points: deleted's comment in The OKEx margin trading disaster — how crypto margin trading goes wrong, and how the eye-watering margin leverage on crypto exchanges works in practice
  5. 571 points: cloud3514's comment in And the returns have already begun. One person and a known reseller we get regularly.
  6. 496 points: SnapshillBot's comment in a shitcoin startup called Prodeum just exitscammed with millions of investor dollars and left them the following message on their site
  7. 382 points: vytah's comment in Holy Satoshi! Butter pays 85Btc transaction fees for a 16Btc transaction. Is this the largest fee ever paid?
  8. 380 points: Tomatoshi's comment in It's already happening. GPU market is about to get really hot.
  9. 361 points: ShiteFlaps's comment in Why are you guys such salty fks?
  10. 331 points: -charlie-kelly-'s comment in a shitcoin startup called Prodeum just exitscammed with millions of investor dollars and left them the following message on their site
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Bloomberg and Zerohedge is spreading FUD about the liquidation of 166,000 Bitcoin. Provide proof or apologize publicly, you assholes!

Zerohedge Article
Still, Bloomberg reports that Kobayashi is sitting on another approximately $1.9 billion, which he says he plans to offload soon...
Bloomberg Source
Kobayashi, who’s liquidating the tokens on behalf of Mt. Gox creditors, has another $1.9 billion to offload.
I see 2 things very critical:
1) Zerohedge inventing a timeline with 'offloading soon'
2) Bloomberg claims to know that Mr. Kobayashi plans to offload. Where is the proof? I want a fucking proof!
Also read discussion on ethtrader
submitted by bitking74 to Bitcoin [link] [comments]

Subreddit Stats: Bitcoin top posts from 2017-10-15 to 2018-10-14 18:01 PDT

Period: 364.20 days
Submissions Comments
Total 1000 265073
Rate (per day) 2.75 722.33
Unique Redditors 812 63529
Combined Score 3662639 3145604

Top Submitters' Top Submissions

  1. 74796 points, 2 submissions: Tricky_Troll
    1. The last 3 months in 47 seconds. (48474 points, 790 comments)
    2. Bitcoin Doesn't Give a Fuck. (26322 points, 1505 comments)
  2. 50907 points, 3 submissions: LeeWallis
    1. It's official! 1 Bitcoin = $10,000 USD (48506 points, 4587 comments)
    2. It's official! 1 Bitcoin = $10,000 USD (again) (1233 points, 123 comments)
    3. Bitcoin just reached $7,000 USD on GDAX! (1168 points, 359 comments)
  3. 49298 points, 2 submissions: chronic_nervosa
    1. Working Hard or Hardly Working? (25721 points, 326 comments)
    2. Investing Tips from a Pro (23577 points, 598 comments)
  4. 44144 points, 2 submissions: wolfwolfz
    1. It's over 9000!!! (42429 points, 3170 comments)
    2. Mtgox caused 2013 and 2018 crash (1715 points, 425 comments)
  5. 42048 points, 1 submission: buttockpain
    1. Everyone who's trading BTC right now (42048 points, 804 comments)
  6. 41614 points, 3 submissions: PineappleFund
    1. I'm donating 5057 BTC to charitable causes! Introducing The Pineapple Fund (20020 points, 2927 comments)
    2. Farewell from the Pineapple Fund (10944 points, 610 comments)
    3. 🍍 $4mil will fund MDMA trials for PTSD; marked 'Breakthrough Therapy' by FDA. Pineapple Fund is matching MAPS donations 1:1. Reddit, let's make history by crowdfunding an incredible treatment for PTSD, in bitcoin! (10650 points, 558 comments)
  7. 41269 points, 4 submissions: Xtreme110
    1. Bitcoin.. The King (28328 points, 1178 comments)
    2. So here's what actually happened Today. (8542 points, 301 comments)
    3. So Yeah This Happened .. (2330 points, 215 comments)
    4. Did someone Asked for Support levels... (2069 points, 224 comments)
  8. 29323 points, 1 submission: KINNAHZ
    1. I hope James is doing well (29323 points, 1242 comments)
  9. 29123 points, 1 submission: trance929
    1. Weeeeeeee! (29123 points, 1530 comments)
  10. 28063 points, 1 submission: benjaminikuta
    1. Nothing can increase by that much and still be a good investment. (28063 points, 1318 comments)
  11. 27600 points, 5 submissions: Suberg
    1. Rabobank Fined $369M for Money Laundering After Calling Bitcoin a Risk for Money Laundering (14264 points, 312 comments)
    2. Ellen DeGeneres Just Introduced Bitcoin to Her 3 Million US Viewers (7893 points, 619 comments)
    3. Evidence Emerges of CNBC Collusion with Roger Ver, BCash (2665 points, 526 comments)
    4. Reminder: Encrypt and store your bitcoin offline - U.S. Congress Quietly Passes CLOUD Act to Increase Gov't Access to Online Info (1688 points, 277 comments)
    5. 600+ Bitcoin Users Seek Lawsuit Against Bitcoin.com & CEO Roger Ver for Fraud (1090 points, 298 comments)
  12. 26949 points, 1 submission: Kittstar123
    1. This is why I want bitcoin to hit $10,000 (26949 points, 918 comments)
  13. 24897 points, 2 submissions: sunilross
    1. What he would be wishing now? 😂 (22418 points, 954 comments)
    2. Just a few months ago Bitcoin going to $10,000 was a huge celebration Now Bitcoin is at $10,000 and its like the end of the world. What an irony!! (2479 points, 1016 comments)
  14. 24555 points, 8 submissions: TheGreatMuffin
    1. This Bitcoin chart is insane! Oh, wait… that’s actually a chart of US dollar money printing. (8202 points, 1165 comments)
    2. Coinbase Hit With Class Action Claiming Insiders Benefited From 'Bitcoin Cash' Launch (5370 points, 493 comments)
    3. "Anonymous bitcoin donor rains $56 million on stunned nonprofits" (story about The Pinapple Fund) (3331 points, 199 comments)
    4. Odds of winning Powerball (Lottery) vs guessing one bitcoin private key (by @Coinguybri) (2008 points, 260 comments)
    5. Andreas Antonopoulos' depiction of the day he became aware of the donations that made him a millionaire (1878 points, 214 comments)
    6. McAfee doubles down on his promise: "I now predict Bitcoin at $1 million by the end of 2020. I will still eat my dick if wrong." (1387 points, 329 comments)
    7. Federal courts now accepting cryptocurrency for bail (1288 points, 62 comments)
    8. The first Stable version of BTCPay is out: BTCPayServer 1.0.1.1 and NBXplorer 1.0.1.3. Next stable version will include Lightning Network. (by Nicolas Dorier) (1091 points, 103 comments)
  15. 23962 points, 6 submissions: Mobilenewsflash
    1. Difference between New and Experienced Trader (11900 points, 181 comments)
    2. Did you know? I didn't. (4127 points, 294 comments)
    3. Altcoin Master (3555 points, 145 comments)
    4. All we need is this kind of bull run! (2125 points, 122 comments)
    5. Bitcoin isn't the bubble, it's the pin (1199 points, 310 comments)
    6. Simple answer, the right one (1056 points, 230 comments)
  16. 23651 points, 3 submissions: UniqueUsername642
    1. Cheers! (17238 points, 510 comments)
    2. This is Cryptocurrency (5072 points, 371 comments)
    3. Bitcoin Investors be like (1341 points, 335 comments)
  17. 23082 points, 1 submission: jrs0080
    1. Whoever put this up deserves a medal (23082 points, 319 comments)
  18. 23066 points, 1 submission: vindico_silenti
    1. BTC dropping due to lack of quality 11k memes. Closest support line is at 9k Vegeta memes. (23066 points, 820 comments)
  19. 22856 points, 1 submission: danielwilson666
    1. Bitcoin today (22856 points, 1940 comments)
  20. 22657 points, 1 submission: byte_coder
    1. 2018: lets run for office (22657 points, 991 comments)
  21. 22193 points, 1 submission: Hync
    1. Lily Allen turned down 200K in Bitcoins for a gig in 2009 which is worth $1,426,199,000 as of this writing (22193 points, 1293 comments)
  22. 21505 points, 1 submission: paperraincoat
    1. Eleven! (21505 points, 575 comments)
  23. 21044 points, 1 submission: SotakuKun
    1. How To Invest In Bitcoin (21044 points, 634 comments)
  24. 20817 points, 1 submission: MichKOG
    1. Almost everyone now is an Investor (20817 points, 554 comments)
  25. 20647 points, 10 submissions: Bastiat
    1. Day 2: I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today (5145 points, 766 comments)
    2. Pierre Rochard: "Until your altcoin successfully defeats a coordinated attack like NYA/S2X, with 90% of the hashrate and major businesses trying to force a hard fork, its immutability is untested and its monetary policy is suspect. Bitcoin has earned its keep, its immutability is beyond question" (2249 points, 345 comments)
    3. Day 9: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. Have you done your part? (2070 points, 190 comments)
    4. Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /Bitcoin SegWit effort? (2017 points, 268 comments)
    5. Day 7: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Do you want low tx fees, because this is how you get low tx fees (1959 points, 166 comments)
    6. Day 3: I will repost this guide daily until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI (1758 points, 220 comments)
    7. Coinbase's short-sighted money grab is @Gemini.com's gain. Trust is the number one concern for new adopters and nobody can trust CONBASE after today (1689 points, 383 comments)
    8. Day 8: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. BTC Core SegWit GUI coming May 1, Coinbase incompetence exposed, more exchanges deploy SegWit (1454 points, 177 comments)
    9. Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol (1193 points, 99 comments)
    10. If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SEGWIT TX. DOWNLOAD A SEGWIT COMPATIBLE WALLET AND OPEN A SEGWIT COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW (1113 points, 228 comments)
  26. 20159 points, 1 submission: swahlgren
    1. Danish Bitcoin billionaire new sponsor of professional Danish ice hockey team. Stadium to be renamed "Bitcoin Arena" and get a huge Bitcoin logo in the middle of the ice! (20159 points, 1018 comments)
  27. 20119 points, 4 submissions: bitchari
    1. Value is always in the eyes of the beholder (10999 points, 542 comments)
    2. We did it!! BTC ✌️ (4335 points, 333 comments)
    3. Uncomfortable truths!! (3228 points, 451 comments)
    4. "rat poison" returns!! (1557 points, 234 comments)
  28. 19767 points, 1 submission: Active2017
    1. $7,900+!! (am i doing this right?) (19767 points, 493 comments)
  29. 18709 points, 1 submission: JonathanMauri
    1. Sold some bitcoin to buy my new best bud 🤗 (18709 points, 1752 comments)
  30. 17979 points, 1 submission: crlxzzz
    1. Localbitcoins.com is illegally holding my 9.3 bitcoin on "escrow" since may 2015 (17979 points, 802 comments)
  31. 17806 points, 6 submissions: domelane
    1. FORBES: "South Korea Is Not Banning Bitcoin Trade, Financial Regulators Clarify". (8349 points, 245 comments)
    2. Banks vs Bitcoin (2370 points, 311 comments)
    3. Arizona Senate Votes to Accept Tax Payments in Bitcoin (2363 points, 134 comments)
    4. Visa confirms Coinbase wasn’t at fault for overcharging users (1854 points, 92 comments)
    5. Finally! Coinbase: "Our engineering team has finished testing of SegWit for Bitcoin on Coinbase. We will be starting a phased launch to customers over the next few days and are targeting a 100% launch to all customers by mid next week". (1501 points, 112 comments)
    6. For all the newbies posting: "Bitcoin will crash on Monday! Wall Street is buying to short it to hell!", watch Andreas (Member of the Oversight Board of the CME Futures) to calm your tits. (1369 points, 322 comments)
  32. 17749 points, 2 submissions: BluntLord
    1. possibly the worst thing about this crash... (11631 points, 2540 comments)
    2. Reasons why these price increases are NOT a good thing. no FUD, all facts. (6118 points, 394 comments)
  33. 17228 points, 1 submission: ma_Name_Is_Jefffff
    1. To the new guys, let's see how tough you really are (17228 points, 1371 comments)
  34. 17117 points, 4 submissions: ayanamirs
    1. Don't be this guy (11774 points, 728 comments)
    2. Satoshi Nakamoto about bitcoin.com (2337 points, 313 comments)
    3. SegWit transactions are now 30.71%! (1892 points, 198 comments)
    4. SegWit, Lightning Network, and Schnorr are way more important than the current price. (1114 points, 166 comments)
  35. 16889 points, 1 submission: bitnext
    1. There are 180 different scenarios where bitcoin go. If any one thing happens remember me i am the first one to predict this (16889 points, 452 comments)
  36. 16350 points, 1 submission: YetAnotherCryptoFan
    1. Warren Buffet: (16350 points, 990 comments)
  37. 16128 points, 1 submission: lewjc
    1. Quick analysis of the markets this month (16128 points, 349 comments)
  38. 15721 points, 1 submission: bitiegg
    1. Guys... I'm out... (15721 points, 814 comments)
  39. 15216 points, 1 submission: CryptoCurrencyFreak
    1. The Free Software Foundation has received a 91.45 Bitcoin donation from the Pineapple Fund. Valued at $1 Million USD. (15216 points, 423 comments)
  40. 15144 points, 4 submissions: StoneHammers
    1. exceedingly efficient (7954 points, 205 comments)
    2. Behold my 20 Bitcoin lawnmower bought mid 2012 (4214 points, 289 comments)
    3. This could change everything (1900 points, 68 comments)
    4. Bitcoin today (1076 points, 114 comments)
  41. 14847 points, 1 submission: cryptograffiti
    1. Upvote to get this to the top search result for "Bitcoin CEO." (14847 points, 265 comments)
  42. 14823 points, 6 submissions: Bitzone4
    1. Mood Currently. (6084 points, 448 comments)
    2. Hodlers currently (2882 points, 314 comments)
    3. Lets goooo yes bitcoin (2362 points, 280 comments)
    4. Holders Power (1444 points, 160 comments)
    5. Meanwhile when there's blood in the street. (1032 points, 106 comments)
    6. Who else took the discount opportunity? (1019 points, 209 comments)
  43. 14808 points, 1 submission: ltc-
    1. What a time to be alive! (14808 points, 467 comments)
  44. 14807 points, 1 submission: nrckprth
    1. When you are trying to buy the dip (14807 points, 660 comments)
  45. 14761 points, 2 submissions: zackwong97
    1. Quick grab the offer! (12316 points, 835 comments)
    2. 100 years has past and a new currency was discovered. I believe cryptocurrency can save the world. (2445 points, 221 comments)
  46. 14624 points, 1 submission: lawmaster99
    1. Microsoft joins Steam and stops accepting Bitcoin payments (14624 points, 2163 comments)
  47. 14236 points, 1 submission: kixxaxxas
    1. Yeah! Bitcoin! (14236 points, 496 comments)
  48. 13950 points, 1 submission: EaFaer
    1. Us Senate Bill S.1241 to criminalize concealed ownership of Bitcoin (13950 points, 1621 comments)
  49. 13929 points, 7 submissions: finalhedge
    1. Apple co-founder Steve Wozniak: “Bitcoin is mathematical. I am a mathematician. There are only 21 million. It is more legitimate than other systems” (3984 points, 487 comments)
    2. Mum knows best (2474 points, 149 comments)
    3. Wall Street Journal has gone from worrying that Bitcoin is a bubble that will crash, to worrying that it's not (2432 points, 440 comments)
    4. Hedge Fund Manager Mark Yusko: "Only gamble was whether Bitcoin would make if from $0 to $100-- that was the real miracle. Going from $4,000 to $400,000 is easy" (1755 points, 272 comments)
    5. Those who scoffed at the thought of $1,000 BTC are scoffing at $10,000 BTC and will scoff at $100,000 BTC (1163 points, 342 comments)
    6. Barry Silbert could make Bitcoin soar to $7,000+ & his own Assets Under Management to $1.5B+ with 1 tweet: call off SegWit2X & uncertainty will be out of the market. (1074 points, 189 comments)
    7. Google gets it. (1047 points, 46 comments)
  50. 13912 points, 4 submissions: readish
    1. Bitcoin is going to do to banks what email did the post office and Amazon did to retail. (7194 points, 1137 comments)
    2. ... hey, Coinbase... (3293 points, 492 comments)
    3. Yes, please! (2342 points, 325 comments)
    4. Calling Bitcoin Cash the "real" Bitcoin is straightforward fraud, and will financially wreck many new investors entering the ecosystem by buying a fake coin. So, exposing frauds is a nice thing to do for other people to prevent them from falling for those scams. (1083 points, 400 comments)
  51. 13876 points, 1 submission: theymos
    1. Don't invest recklessly (13876 points, 1972 comments)
  52. 13839 points, 1 submission: virtualwoman0
    1. Thank you Coinbase!! For taking sooo long to validate my identity, my account, and my bank transfers...your endless delays prevented me from investing in the crypto market before the crash! (13839 points, 556 comments)
  53. 13817 points, 2 submissions: xcryptogurux
    1. Don't be like Greg (9887 points, 370 comments)
    2. Lesson - History of Bitcoin crashes (3930 points, 1676 comments)
  54. 13546 points, 2 submissions: D3M0Sthenes
    1. Can you feel the Pumpening? (12469 points, 436 comments)
    2. There's always that guy at the party (1077 points, 61 comments)
  55. 13507 points, 2 submissions: pc_to_mac_user
    1. Keeping Coinbase on their toes - Robinhood adds no-fee crypto trading! (12040 points, 909 comments)
    2. Coinbase CEO: In the next 3–5 years, you will see countries going into economic crisis and could see the organic adoption of cryptocurrencies (1467 points, 363 comments)
  56. 13489 points, 3 submissions: Godfreee
    1. It was a sad day when we had to retire this meme from our wall after 3.5 years. Next one will have an added zero! (10196 points, 237 comments)
    2. Back in 2013, a single subway sandwich shop accepting Bitcoin got airtime on CNBC, and we were all jumping for joy. Nowadays we get full TV features about Bitcoin and people are like " yawn, could be better". (2020 points, 110 comments)
    3. This magazine cover came out exactly 30 years ago - same day Bitcoin was released 9 years ago. Was Satoshi that meta? 2018 is gonna be a helluva ride. (1273 points, 301 comments)
  57. 13293 points, 2 submissions: ccjunkiemonkey
    1. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post. (12259 points, 206 comments)
    2. Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post. (1034 points, 97 comments)
  58. 12875 points, 1 submission: DebtFreeMFers
    1. Guys, I am out (12875 points, 1572 comments)
  59. 12651 points, 1 submission: lriccardo
    1. I spent 3 months building one of the best apps to track cryptocurrencies. Exchanges API sync, wallet tracking and many other features. I am not 16 but I invested a lot of time into this, can I get some attention anyway or am I going to get randomly downvoted as always? The app is also free. (12651 points, 1563 comments)
  60. 12558 points, 3 submissions: agent9747
    1. How to transfer Bitcoin from Coinbase for free! (10322 points, 809 comments)
    2. Stop hating on Coinbase (1210 points, 563 comments)
    3. My Cryptocurrency app is starting to look good :D It will be available soon-ish (1026 points, 193 comments)
  61. 12489 points, 1 submission: tune_down
    1. Insider tip: BTC is going to skyrocket in the next 48 hours (12489 points, 741 comments)
  62. 12328 points, 1 submission: i_mash_shoryuken
    1. This month in Bitcoin. (12328 points, 371 comments)
  63. 12069 points, 1 submission: Ev1lyv35
    1. This hurts me in a different level. (12069 points, 593 comments)
  64. 11898 points, 4 submissions: tinaclark90
    1. I've made some free Bitcoin Icons (4747 points, 246 comments)
    2. Thought I might share this in here. No way Bitcoin is going to survive folks... (4657 points, 824 comments)
    3. New Free Bitcoin Icons (1285 points, 71 comments)
    4. Bitcoin Icons (100% Free) (1209 points, 64 comments)
  65. 11618 points, 1 submission: timbroddin
    1. 9 years ago block 0 was mined. Happy birthday Bitcoin! (11618 points, 455 comments)
  66. 11429 points, 1 submission: tomerux
    1. We waited for that... (11429 points, 186 comments)
  67. 11381 points, 1 submission: sykhlo
    1. And that's why we need limited supply. (11381 points, 803 comments)
  68. 11357 points, 2 submissions: sbrdx
    1. Bitcoiners be like 😂 (9418 points, 413 comments)
    2. When you HODL through a bear market (1939 points, 108 comments)
  69. 11339 points, 1 submission: CosmosKing98
    1. This is governments trying to regulate bitcoin. (11339 points, 549 comments)
  70. 11198 points, 1 submission: Ryamgram
    1. <---- Number of Hodlers with Strong Hands (11198 points, 1127 comments)
  71. 11079 points, 2 submissions: ForeverDutch92
    1. Dutch national newspaper urges people to sell all their Bitcoins as it undermines the government, could destabilise the economy and reduces the power of central banks. Sounds like a reason to buy to me 🤔 (9843 points, 986 comments)
    2. We really need to start pushing for SegWit support. Stop waiting for the Lightning Network to fix everything. (1236 points, 318 comments)
  72. 11063 points, 5 submissions: amorpisseur
    1. South Korean gov't "shocked" at the number of citizens requesting the removal of Justice Minister and Finance Minister for market manipulation (4015 points, 236 comments)
    2. BREAKING: TD Ameritrade to allow bitcoin futures trading Monday (2571 points, 234 comments)
    3. "Microsoft and Starbucks signed on to use the new platform for payments and accept BTC" (2190 points, 330 comments)
    4. We found who's spamming the mempool (1162 points, 207 comments)
    5. Lightning Network progress: 72 out of 75 tests pass! (1125 points, 562 comments)
  73. 11010 points, 1 submission: Sam767679
    1. Legendary story by John McAfee (11010 points, 472 comments)
  74. 10959 points, 1 submission: InteractiveLedger
    1. This is NOT OK. Upvote for visibility (10959 points, 1505 comments)
  75. 10750 points, 1 submission: singularityissonear
    1. Time to invest! (10750 points, 329 comments)
  76. 10749 points, 1 submission: broscientologist
    1. I made a decision tree for everyone panic selling. (10749 points, 896 comments)
  77. 10688 points, 1 submission: K_owar_D
    1. They never told me that buying the lambo would be the easy part... (10688 points, 495 comments)
  78. 10626 points, 1 submission: bigbenxx
    1. Checking the Bitcoin price at work: (10626 points, 328 comments)
  79. 10419 points, 1 submission: EMC2_trooper
    1. I see it every day. (10419 points, 289 comments)
  80. 10330 points, 1 submission: LAH92
    1. The latecomer’s BTC journey (10330 points, 271 comments)
  81. 10324 points, 1 submission: old-man-blorp
    1. It would be so easy then (10324 points, 222 comments)
  82. 10187 points, 1 submission: mrtambourineman89
    1. BTC Grandpa already doubled his profit. (10187 points, 597 comments)
  83. 10027 points, 2 submissions: David3692
    1. Looking at the price when you invested only what you can afford to lose (7560 points, 744 comments)
    2. Trying to explain to the wife why we should buy more now (2467 points, 260 comments)

Top Commenters

  1. viper2097 (11931 points, 7 comments)
  2. TarAldarion (6814 points, 3 comments)
  3. gonzobon (6174 points, 95 comments)
  4. cxr303 (5782 points, 29 comments)
  5. Annu_Naki (5537 points, 1 comment)
  6. nightspy1309 (5501 points, 1 comment)
  7. stevoli (5476 points, 4 comments)
  8. PineappleFund (5450 points, 45 comments)
  9. gregschoen (5426 points, 21 comments)
  10. gkikoria (5353 points, 1 comment)
  11. StarfighterF104gv2 (5320 points, 2 comments)
  12. devonthed00d (5228 points, 47 comments)
  13. typtyphus (5186 points, 174 comments)
  14. LeeWallis (4989 points, 19 comments)
  15. Graphesium (4956 points, 1 comment)
  16. SirBastian (4640 points, 2 comments)
  17. zomgitsduke (4617 points, 176 comments)
  18. bluethunder1985 (4586 points, 133 comments)
  19. anumoshsad (4494 points, 3 comments)
  20. MagicalTux (4480 points, 111 comments)
  21. Mateo113 (4456 points, 3 comments)
  22. dolan_trumpf (4398 points, 3 comments)
  23. domelane (4157 points, 44 comments)
  24. walloon5 (4143 points, 307 comments)
  25. prelsidente (4088 points, 91 comments)
  26. gozaamaya (4029 points, 5 comments)
  27. maaku7 (3976 points, 63 comments)
  28. basmith7 (3950 points, 1 comment)
  29. Agastopia (3869 points, 6 comments)
  30. toxonaut (3756 points, 1 comment)
  31. Speaking-of-segues (3707 points, 117 comments)
  32. PuckFoloniex (3701 points, 37 comments)
  33. isoldmywifeonEbay (3676 points, 100 comments)
  34. mpbh (3558 points, 14 comments)
  35. tranceology3 (3513 points, 252 comments)
  36. Opfailicon (3493 points, 2 comments)
  37. hallizh (3448 points, 3 comments)
  38. 1Bitcoinco (3446 points, 22 comments)
  39. overtoke (3446 points, 14 comments)
  40. coinx-ltc (3401 points, 3 comments)
  41. Shmeh-Shmeh (3365 points, 3 comments)
  42. SternerCrow (3301 points, 22 comments)
  43. Active2017 (3263 points, 35 comments)
  44. mr_li_jr (3204 points, 29 comments)
  45. abolishpmo (3050 points, 19 comments)
  46. Redcrux (3042 points, 10 comments)
  47. lucky_rabbit_foot (3035 points, 41 comments)
  48. FDisk80 (3027 points, 10 comments)
  49. TheGreatMuffin (3009 points, 189 comments)
  50. HazyPeanut (3000 points, 3 comments)
  51. LegendsRoom (2992 points, 58 comments)
  52. 2Panik (2964 points, 5 comments)
  53. fellesh (2952 points, 3 comments)
  54. GenghisKhanSpermShot (2933 points, 171 comments)
  55. suninabox (2929 points, 466 comments)
  56. BlatantConservative (2896 points, 28 comments)
  57. tyrael98 (2891 points, 2 comments)
  58. mbrochh (2890 points, 100 comments)
  59. hungry4donutz (2866 points, 3 comments)
  60. WhoNeedsFacts (2809 points, 2 comments)
  61. greatbawlsofire (2792 points, 2 comments)
  62. pg3crypto (2791 points, 67 comments)
  63. Anon7216 (2791 points, 13 comments)
  64. togetherwem0m0 (2789 points, 64 comments)
  65. StrictlyOffTheRecord (2787 points, 4 comments)
  66. jonivaio (2777 points, 3 comments)
  67. BTCChampion (2752 points, 11 comments)
  68. yung_yas (2752 points, 3 comments)
  69. Chowdahhhh (2744 points, 4 comments)
  70. ADustedEwok (2723 points, 8 comments)
  71. CONTROLurKEYS (2715 points, 303 comments)
  72. strange_fate (2671 points, 36 comments)
  73. Downvotesohoy (2664 points, 6 comments)
  74. daghanerdonmez (2646 points, 5 comments)
  75. Saschb2b (2633 points, 1 comment)
  76. ebaley (2627 points, 1008 comments)
  77. catVdog123 (2619 points, 67 comments)
  78. ducksauce88 (2593 points, 280 comments)
  79. leroyyrogers (2593 points, 39 comments)
  80. PM_UR_UGLY_SWEATERS (2582 points, 9 comments)
  81. Cryptolution (2575 points, 310 comments)
  82. CryptoBobs (2530 points, 3 comments)
  83. Beckneard (2527 points, 39 comments)
  84. gbitg (2515 points, 85 comments)
  85. Kooriki (2511 points, 220 comments)
  86. ILikeToSayHi (2475 points, 24 comments)
  87. SPOKANARCHY (2472 points, 1 comment)
  88. letterboxmind (2469 points, 102 comments)
  89. lawmaster99 (2447 points, 30 comments)
  90. Reverend_James (2445 points, 74 comments)
  91. time_wasted504 (2439 points, 88 comments)
  92. TheBoyChris (2432 points, 4 comments)
  93. Frogolocalypse (2409 points, 518 comments)
  94. lriccardo (2388 points, 119 comments)
  95. __Vet__ (2372 points, 53 comments)
  96. ep1939 (2358 points, 133 comments)
  97. BBA935 (2339 points, 22 comments)
  98. Marcion_Sinope (2333 points, 210 comments)
  99. beamybeams (2323 points, 12 comments)
  100. Sawyeee (2309 points, 2 comments)

Top Submissions

  1. It's official! 1 Bitcoin = $10,000 USD by LeeWallis (48506 points, 4587 comments)
  2. The last 3 months in 47 seconds. by Tricky_Troll (48474 points, 790 comments)
  3. It's over 9000!!! by wolfwolfz (42429 points, 3170 comments)
  4. Everyone who's trading BTC right now by buttockpain (42048 points, 804 comments)
  5. I hope James is doing well by KINNAHZ (29323 points, 1242 comments)
  6. Weeeeeeee! by trance929 (29123 points, 1530 comments)
  7. Bitcoin.. The King by Xtreme110 (28328 points, 1178 comments)
  8. Nothing can increase by that much and still be a good investment. by benjaminikuta (28063 points, 1318 comments)
  9. This is why I want bitcoin to hit $10,000 by Kittstar123 (26949 points, 918 comments)
  10. Bitcoin Doesn't Give a Fuck. by Tricky_Troll (26322 points, 1505 comments)

Top Comments

  1. 11914 points: viper2097's comment in I hope James is doing well
  2. 9195 points: deleted's comment in possibly the worst thing about this crash...
  3. 6799 points: TarAldarion's comment in It's official! 1 Bitcoin = $10,000 USD
  4. 6589 points: deleted's comment in Nothing can increase by that much and still be a good investment.
  5. 6158 points: deleted's comment in My brother killed himself because of BTC
  6. 5537 points: Annu_Naki's comment in What he would be wishing now? 😂
  7. 5501 points: nightspy1309's comment in BTC dropping due to lack of quality 11k memes. Closest support line is at 9k Vegeta memes.
  8. 5410 points: stevoli's comment in Insider tip: BTC is going to skyrocket in the next 48 hours
  9. 5353 points: gkikoria's comment in Weeeeeeee!
  10. 5325 points: cxr303's comment in Guys, I am out
Generated with BBoe's Subreddit Stats
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Current state of affairs

Latest sticky thread here: http://www.reddit.com/mtgoxinsolvency/comments/2nlz74/current_state_of_affairs/
BACKUP: LAST UPDATE: 28 NOVEMBER 2014 9:00 PM GMT
NOTE: We are trying our best but because of the sheer volume of tidbits popping up every day, this post might occasionally miss some updates. Please feel free to point it out in the comments whenever you feel there is information missing in the post, thanks! Send a PM to -Mahn or Redditcoin.
A note on recovering funds: From announcement dated 26 November 2014:
The deadline for filing the proof of claims of bankruptcy in these bankruptcy proceedings is set as May 29, 2015, and we plan to disclose the necessary information one or two months prior to the said deadline. The bankruptcy trustee will make effort to ensure that creditors around the world have a reasonable period of time in which to file proofs of claim.
Important dates: From announcement dated July 24th 2014:
  • Period for filing proofs of bankruptcy claims
    By May 29, 2015
  • Date and time for investigation of claims
    September 9, 2015, 1:30 pm.
November 26th, 2014
The second creditors’ meeting of MtGox Co., Ltd. (“MtGox”) was held on November 26, 2014. These are links to the FAQ and documents distributed at that meeting.
Discussion threads: http://www.reddit.com/mtgoxinsolvency/comments/2ngo7p/mtgoxcom_documents_distributed_at_the_second/
http://www.reddit.com/mtgoxinsolvency/comments/2nk3q8/kolin_burgess_report_on_creditors_meeting_and/
November 26th, 2014
Payward Japan K.K (Kraken) has been selected as the supporting company for the bankruptcy Proceedings concerning MtGox.
How will Payward support MtGox from here on? Pursuant to its agreement, Payward’s support for the bankruptcy proceedings of MtGox will entail, among other things, (i) cooperation concerning the investigation of the bitcoins which are said to have been possibly lost; (ii) cooperation concerning the filing of claims and investigation related thereto; and (iii) cooperation concerning bankruptcy distributions (items (i) and (ii) will be provided without charge up to 500 hours in total, and item (iii) will be provided without charge). In addition, Payward will purchase MtGox’s equipments (formatted after deleting all the saved data and software).
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/2ng8bv/kraken_selected_to_aid_mtgox_liquidation/
External rehabilitation process/ external bidders:
The 3 external rehabilitation proposal bidders which are yet to be confirmed by the bankruptcy trustee:
Sunlot/ SaveGox/ Brock Pierce group - http://savegox.com
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/24kcxl/savegox_site_updated_huge_faq_with_more/
OkCoin-backed Btcocean group - http://www.btcocean.com
Article: http://www.coindesk.com/can-chinese-exchange-okcoin-rescue-mt-gox-creditors/
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/24ympb/where_okcoin_is_at_with_mt_goxfrom_okcoin_employee/
Coinlab - http://coinlab.com
Article: http://www.coindesk.com/us-judge-approves-mt-goxs-bankruptcy/
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/28fvam/in_addition_to_sunlot_holdings_seattlebased/
July 24th, 2014
On July 24, 2014, the Tokyo District Court 20th Civil Division issued an order to change the period for filing proofs of claims and the date for investigation of claims... (refer to top of this sticky for the dates)
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/2byq60/date_for_investigation_of_claims_until_septembe
July 23rd, 2014
On July 23, 2014, the first creditor's meeting was held. The second creditor's meeting will be held at Tokyo District Courtroom for Creditors' Meeting No.1 (5F, joint government building for the domestic, summary and district courts) at 13:30 on November 26, 2014.
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/2bhidn/mtgox_creditors_meeting_megathread/
July 14th, 2014
Please find below our responses to frequently asked questions regarding creditors' meetings (to be held July 23, 2014). We will update this page as needed, and thus please check this webpage periodically.
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/2anlbb/mtgoxcom_20140714_faqs_regarding_creditors/
July 1st, 2014
Postcard from Office of Bankruptcy Trustee sent to MtGox victims starting from July 1st, which appears to be still being sent, as some people have been receiving the postcard a week later. The postcard content is similar to the May 21st announcement. The postcard cover contains a unique number that may or may not be significant so it is worth storing the postcard, just in case.
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/29kart/dont_throw_away_your_mtgox_postcard_from_japan_it/
June 23rd, 2014
On June 18, 2014 (central time), the US Bankruptcy Court for the Northern District of Texas entered the order recognizing the bankruptcy procedure under Japanese Bankruptcy Act as the foreign main proceeding and granting related relief.
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/28v2mm/mtgoxcom_20140618_order_recognizing_foreign_main/
June 19th, 2014
U.S. Bankruptcy Judge Stacey G. Jernigan said today in Dallas she has “ample legal authority” to accept the U.S. filing and recognize Mt. Gox’s Japanese bankruptcy as the foreign main proceeding. The ruling empowers the company’s Japanese trustee to examine witnesses, gather and review evidence, and oversee assets in the U.S., such as servers.
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/28fpqmt_gox_us_bankruptcy_approved_to_help_bitcoin_hunt/
May 23rd, 2014
An announcement about a recognition hearing that has been scheduled for June 17, 2014 at 9:30 am at the US Bankruptcy Court in Texas.
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/26adl8/mtgoxcom_20140523_notice_of_recognition_hearing/
May 21st, 2014
On the 21st of May, a new announcement was put up on the MtGox site that essentially repeats the announcement of the 24th of April. Information about dates and claims have been included at the top of this stickied thread. Emails have been sent to MtGox customers with this announcement attached as well on the same day.
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/263u8m/mtgoxcom_announcement_of_commencement_of/
April 24th, 2014
Q. What is expected to happen under the bankruptcy proceedings?
A. The bankruptcy trustee will implement the bankruptcy proceedings, in which the assets of the bankrupt entity will be managed and converted into cash, the investigation of the claims, etc. will be conducted, and if funds for a distribution are secured, the liquidating distribution will be made.
Q. Will a creditors’ meeting be held?
A. It will be held on July 23, 2014 (it is expected that serial creditors’ meeting(s) will be held at proper times). For the details of the creditors’ meeting to be held on July 23, 2014, please refer to the order for commencement of the bankruptcy proceedings, etc. which will be available on the Company’s website. In addition, creditors are not obligated to attend creditors’ meetings, and the creditors will not be disqualified from the liquidating distribution due to their absence from creditors’ meetings. It is planned that the content of the report at the creditors’ meetings will be disclosed on the Company’s website.
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/23uguy/20140424_announcement_of_commencement_of/
Reasons
From the records of a case, it is recognized that the debtor is in a situation of insolvency. Accordingly, this judgement is decided. Further, together with this decision, it is also hereby decided as follows.
  1. Bankruptcy trustee Attorney-at-law Nobuaki Kobayashi Bankruptcy Trustee Room MtGox Co., Ltd. Shubuya 2-11-5, Shibuya-ku, Tokyo
  2. Period for filing proofs of claims until November 28,2014
  3. Date of Creditors' meeting for reporting the status of property July 23, 2014 1:30pm
  4. Date for investigation of claims February 25, 2015 10am
Discussion thread: http://www.reddit.com/mtgoxinsolvency/comments/23wnoy/latest_mtgox_announcement_2nd_for_24th_april/
April 16th, 2014
submitted by MtGoxInsolvencyMod to mtgoxinsolvency [link] [comments]

Current state of affairs

IMPORTANTE NOTE: THIS THREAD IS NO LONGER BEING UPDATED, PLEASE FOLLOW THIS ONE INSTEAD: http://www.reddit.com/mtgoxinsolvency/comments/21hrv8/current_state_of_affairs/ I explain the reason for the change here. Thanks!

LAST UPDATE: March 27th 2014 09:47 GMT +1

NOTE: I'm trying my best but because of the sheer volume of tidbits popping up every day, this post might ocasionally miss some updates. Please feel free to point it out in the comments whenever you feel there is information missing in the post, thanks!
A note on recovering funds: We have no information on how to recover fiat/bitcoins/goxcoins yet and MtGox has only given very vague statements so far. It is speculated Mark Karpeles (CEO of MtGox) is currently figuring out what to do and not flying to the Bahamas with our money. It is advisable to have patience and wait for new developments on the subject for the time being.
March 26th, 2014
Match 25th, 2014
A new rumor has surfaced twitter, currently unsubstantiated, from @CanarslanEren who according to his previous tweets would have previously either guessed correctly or know in advance about the recovered 200K BTC (emphasis mine):
Within a few days(or hours) @MtGox will announce that "they found ~670.000 #bitcoin & may release some BTCs to the victims. @PatronaPartners
https://twitter.com/CanarslanEren/status/448418452701974528
The community consensus at the moment seems to be of skepticism, as it always goes with this kind of rumors. See also:
March 21th, 2014
  • There's a new update on mtgox.com confirming the previous story of having recovered 200K BTC that were thought lost. Key points:
    • On March 7, 2014, MtGox Co., Ltd. confirmed that an oldn format wallet which was used prior to June 2011 held a balance of approximately 200,000 BTC (199,999.99 BTC)
    • For security reasons, the 200,000 BTC which were at first on the 7th moved to online wallets were moved between the 14 th and the 15th to offline wallets.
    • The bitcoins held today by MtGox Co., Ltd. amount to a total of approximately 202,000 BTC, including the above 200,000 BTC and the approximately 2,000 BTC which existed prior to the application for commencement of a civil rehabilitation proceeding.
March 20th, 2014
  • Several users were reporting issues with the balance-checking tool online at mtgox.com, namely that bank transfers and transactions stuck in progress were not showing. This is now apparently fixed and balances seem to have been accordingly updated. Thread here.
  • In line with the blockchain movements we've seen for the past few weeks and the respective MtGox API activity, finally a japanese news article appeared where MtGox lawyers announce MtGox has found and owns 200K BTC, translation, courtesy of h1d:
    Bitcoin exchange Mt.Gox which collapsed in February announced on 20th that they have found they're still in possession of the 200,000 BTC out of the 850,000 BTC that was reported to be lost.
    According to the lawyer, they found them on the 7th of this month by searching through a storage on the internet called a "wallet" which was being used by MtGox up until June 2011.
    MtGox has reported that they have lost almost all of the 850,000 BTC owned while filing for bankruptcy protection on February 28th.
    /bitcoin thread here.
March 18th, 2014
  • A new update on mtgox.com is now online: account holders can now provide their login authentication data on the site to retrieve the last status of their wallets for convenience. It would appear that this update is legimitate, Redditcoin states:
    I just called the MtGox call centre in Japan - they confirmed that the login has been put there by "legal" and they have not been hacked. I called this number from the original banckrupty announcement (I called from Australia - we are only 2 hours ahead): +81 3-4588-3922. A nice man with an American accent said that the login has been put there by "legal" for users to check their balances and that the website has not been hacked.
    Redditcoin asked for transaction history data as well:
    I called the number again (about an hour later) - again, absolutely no waiting - I called again to ask about my transaction history. The same man answered, with the American accent (although sounded Japanese), who spoke impeccable English. He said that the transaction history is still unavailable because the courts still have to "polish" it (whatever that means). I said I needed it for taxation purposes. He replied by saying he will "check on this, and post an update on the website soon".
    As for the balance data that can now be retrieved on mtgox.com, the site notes (emphasis mine):
    This balance confirmation service is provided on this site only for the convenience of all users. Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation procedure and note that the balance amounts shown on this site should also not be considered an acknowledgment by MtGox Co., Ltd. of the amount of any rehabilitation claims of users. Rehabilitation claims under a civil rehabilitation procedure become confirmed from a filing which is followed by an investigation procedure. The method for filing claims will be published on this site as soon as we will be in situation to announce it.
  • The MtGox API which used to list pending transactions has been removed today. In the past few weeks, this API had shown that the hundreds of thousands of BTC moving in the blockchain connected with MtGox wallets could still belong to Gox. Thread.
Match 17th, 2014
March 16, 2014
An new unconfirmed, unverified IRC quote appeared on /bitcoin:
we are working on resuming service, can't say how soon it'll be
While the authenticity is still in question, if true this would be in line with all the rumors and hints we've seen up until now.
March 15, 2014
  • The hundreds of thousands of coins moving in the blockchain that MtGox allegedly still own have been spotted doing something new: the outputs are now merging in new addresses of 2K BTC each. This was first spotted in this thread and later confirmed here. As usual, we have zero indications of what this means yet. -Mahn speculates:
    The only thing I can imagine myself is that whoever is doing the splitting decided 50 BTC was too little or would take too long and switched to bigger outputs per address.
  • New movement in the MtGox order book as reported by their still online API has been detected. Thread.
  • Further discussion on bitcointalk revealed that the alleged personal customer information for sale by the recent MtGox data leak hackers is most likely fake. See also this thread.
March 14th, 2014
There's a new update on mtgox.com concerning their Chapter 15 US filing. It contains no new information other than the confirmation of the news that appeared on March 11th.
March 12th, 2014
  • MtGox US subsidiary assets have been temporarily frozen by US Judge. Story here.
  • Mark Karpeles declaration to the US Bankruptcy Court has been published online:
    "On February 7, 2014, all bitcoin withdrawals were halted by MtGox due to the theft or disappearance of hundreds of thousands of bitcoins owned by MtGox customers as well as MtGox itself. The cause of the theft or disappearance is the subject of intensive investigation by me and others -- as of the present time I believe it was caused or related to a defect or "bug" in the bitcoin software algorithm, which was exploited by one or more persons who had "hacked" the bitcoin network. On February 24, 2014, MtGox suspended all trading after internal investigations discovered a loss of 744,408 bitcoins presumably from this method of theft. These events caused among others MtGox to become insolvent and to file the Japan Proceeding."
    Discussion thread.
March 1st-11th:
http://www.reddit.com/mtgoxinsolvency/comments/1yvvec/current_state_of_affairs/cg2di1f
February 2014:
http://www.reddit.com/mtgoxinsolvency/comments/1yvvec/current_state_of_affairs/cfywewf
submitted by -Mahn to mtgoxinsolvency [link] [comments]

post by a Chinese citizen on how the China rally started and how it's likely to be in the future (dated October 2013)

https://bitcointalk.org/index.php?topic=315380.0;all
reposted from thread dated 10/21/13, price was $190 on mtgox :
"These reports suggests that the adoption by Baidu is a signal that the big vendors are accepting bitccoin - consider the close tie between baidu and central government, that the government may be interested too. It is like saying Microsoft or Facebook started to accept bitcoin. That tapped on the emotion and BTC rose.
I think the big vendors are no way closer to accepting bitcoin in the last week than any weeks before. It is indeed a small change, and signals nothing from big vendors nor the central government at all.
Chinese information technology vendors, including the big ones, in general prefer the studio model. A big company is devided into multiple studios, some companys have 100 studios. They each compete against each other. They compete on revenue and profit, within the embralla of a same company. Each studio find their own ways of making profit, and enjoy freedom of decision as long as they are making money. The mother company acts like a referee, dismissing unprofitable studios and buying out (admitting) small competitors to form new studios; the mother company also act as a protector, backing the studios with tremendous PR and governmental relationship power in case their competitor choose to fight on a different level (which also happens). This fast-proliferating fast-evoluting style isn't very co-ordinated, but it is effective because in general in China our culture emphasize competition, and we like to compete and win and we work the best if competition is physically next door. If instead big vendors are organized like Microsoft to co-operate and create huge products (Windows 7) in 5-year span, the youngsters wouldn't stay on their edge - they need quick confirmation whether they are wining or not - they work very hard but doesn't have much patience. Skipping between studios is frequent, the fast-growing studios get more resource and people.
The recent acceptance of bitcoin is likely a decision of a single stuidio in the embralla of baidu, perhaps trying to beat other studios of the same company. Baidu HQs speaksman said nothing about bitcoin in the whole year. How Baidu HQs treats the move is unkown, and they probably don't have an attitude, for it (bitcoin) is trivial compare to the huge online information market they are already on. News interview suggests this is a decision of an individual studio: "We always try to satisfy the webmasters, so when they want to pay with bitcoin, we accept them". Notice the interviewee said 'webmasters', that's the customers of this studio, not Baidu in whole, and he speaks for his own studio.
Also take notice the customer of this studio (jiasule.baidu.com), the webmasters, happen to be the major group of bitcoin miners in China.
So why such a small piece of news that indicates nothing for sure, stirs up such a rally? More important than the news itself it says Chinese investors are desperately looking for a reason to rally. They perhaps expected bitcoin to be above 1000¥ for a long time, now they only need a slight upward vibrate to rally. And they have a good reason to hope for a rally, for they bought huge amount of mining equipments in anticipation of raise of bitcoin value.
My reading of the event is, that Chinese investors are anticipating a rally for a long time, thus it won't cool down in just a few days. However they are speculating, not having much faith in sustanibility of bitcoin and may be frighten away by small bad news within China. They are less sensitive to western news like silkroad.
In China we have highly centralized political power. The chance Chinese government allows bitcoin on the markets (when it calls their attention) is like the chance U.S. government raise debt in BTC. The big vendors foresee it and shouldn't be interested. Besides we have a monoplay business atomosphere in China (every player are greedy, wants to win and take all), and you don't monoplay bitcoin. I see no reason Baidu being interested to include bitcoin into their development strategy. Small vendors are much more likely to be interested in btc.
(OP is a Chinese citizen in Beijing)" .
If Chinese government pays attention to bitcoin, it would act the same way they do towards shadow banking: fine those involved in bitcoin yet backed by government, and prosecute the entities without gvernment backing (even execute a few, like the unlucky millionaire Wu Ying last year and Zeng Chengjie this year). The charge will be as usual: illegal fund-raising.
Right now there are two points that needs to be considered on understaind Chinese behaviour:
  1. Chinese traders speculate. Few believed in a non-governmental currency taking root, as few believed anything significant yet non-governmental can take root. This translate to a huge bear market when Chinese government acts.
  2. The atomsphere in China is like the roaring twenties which I read from books. Everyone feels like they are ready to make a big fortune. This can translates to potential huge bulls.
My two cents.
. .
https://bitcointalk.org/index.php?topic=315380.msg3377991#msg3377991
So it is not the question whether bitcoin can be regulated, but whether bitcoin can obey. Bitcoin trading can be regulated but bitcoin itself bends to no one - which begets the question whether or not it will be allowed to live.
On the other hand, if Bitcoin becomes so significant that the government has to make a decision, and they decided to let it live, the acceptance of bitcoin will have no consumer psychological barrier, because, as you said, we are pretty familiar with virtual currencies.
. .
My personal opinion is that China is in not going to have a robust bitcoin economy anywhere in the medium or long term future.
  1. China currently has a $50k USD restrictions on the amount of money its citizens can take out of the country. Bitcoin with its anonymous nature can easily by pass these restrictions. yeah i know there's AML/ KYC rules set up for BTCchina now but i know that if btc becomes a widely circulated "commodity" in exchange for services and goods that it will be easier to launder and hide illicit gains in bitcoin than it would be to hide them yuan. http://www.china-briefing.com/news/2011/11/11/getting-cash-money-rmb-out-of-china.html
  2. if citizens in China start using btc as a "commodity" in exchange for services and goods that would threaten the stability of the chinese yuan. it certainly would not raise the value of the yuan. i don't see how the chinese govt would encourage this to happen.
  3. the Chinese banks are banned from offering services/goods in bitcoin. that was NOT a good sign. it certainly wont make it easier to start bitcoin related businesses in china. Baidu/China Telecom's immediate removal of btc as a payment option following the offical govt announcement was NOT a good sign. i don't know how anybody can spin those actions as a positive for bitcoin.
  4. i also don't believe that bitcoin is booming in China because it's citizens believe in it as an alternative currency. I believe the price skyrocketed due to greed and pure speculation. take a look at the 2010 China Garlic Bubble where in a few months the price of garlic rose 40-50x due to pure speculation, price manipulation and hoarding. Sound familiar to bitcoin in China? http://www.npr.org/templates/story/story.php?storyId=121125739
  5. Plenty of redditors have claimed that China would be supportive of btc because it would devalue the US dollar and raise it's own yuan in value for foreign trade. that's highly unlikely since the Yuan is already the #2 most used currency for foreign trade in the world. China is about to start direct trade with the UK in yuan/pounds. the daily global trade in Chinese Yuan is over $120 billion which is 10x the market cap of bitcoin. http://www.bloomberg.com/news/2013-12-03/yuan-passes-euro-to-be-second-most-used-trade-finance-currency.html
  6. China is a quasi-totalitarian regime that has no qualms about crushing any form of rebellion (labour camps for journalists, tiananmen square, human rights violations, highest # of executions in the world). Bitcoin by its very nature is designed to give the power back to its people, its users. China's entire recent history is about controlling it's people.
tldr: bitcoin gives freedom and power to the Chinese citizens, the chinese government is realizes this and will move to prevent China from ever having a robust btc economy where btc will be widely traded for services/goods. Chinese citizens have a history of participating in mass speculative bubbles without caring about the fundamental value.
(i could be wrong about the future of bitcoin in China but based on China's history i unfortunately might be right. also if any college students are reading this, please don't take out student loans to buy bitcoins, it is a huge speculative bubble in China and if the chinese govt comes down, you will see the bitcoin economy cut in half or more.)
submitted by yomofos to Bitcoin [link] [comments]

💥 6 Things that Could Pop the Bitcoin Bubble

What's going on: As you may have noticed: Bitcoin is worth over 10k and EVERYBODY is talking about Bitcoin right now. Be it the early adopter who says "told you so" or the sceptic who still calls it a ponzi scheme.
Besides all the good news there is a lot going on right now: South Korea's prime minister thinks that "Bitcoin corrupts the youth", Nobel Price-winning economist Joseph Stiglitz says "Bitcoin ought to be outlawed" because "it doesn’t serve any socially useful function" (people in Zimbabwe and Venezuela maybe disagree) and (this is maybe the most important development) Coinbase lost a legal battle in the US and was ordered to turn over identities of 14,355 cryptocurrency traders to the IRS.
Let's look at 6 things that could make the bubble pop:
1. Destroyed by a Fork (again) While it's nice for HODLers to get free coins, excessive forking could turn out to be Bitcoin's Achilles' heel. Bitcoin Cash and the debate around who is the "real" Bitcoin and who is not could only be the beginning.
2. Killed by Regulators As mentioned Coinbase lost a court battle and now has to hand over the identities of thousands of crypto traders. Stiglitz says Bitcoin should be outlawed. While one can argue that harsh regulations like in China will make it go only stronger, it could also lead to a long crypto winter.
3. Mt. Gox 2.0 Sure, there are a lot more exchanges right now than there were when Mt. Gox was hacked in 2011 and bankrupted in 2014, but what if for example Coinbase gets hacked? $65 million were stolen in a Bitfinex hack in 2016, $31 million of the altcoin Tether were stolen a couple of weeks ago. You see: Hacks happen all the time and had not that much impact, but who knows if it stays this way?
4. Short Demise The Nasdaq wants to introduce Bitcoin futures in Q2 2018 and so do many other financial institutions. The aim is clear: They finally want their share of the juicy crypto pie. While most of the investors buy real Bitcoins and Cryptos at the moment, the introduction of financial derivates like futures could put a downward pressure on prices.
5. Profit Taking The fact that Coinbase went down because it couldn't handle all the traffic as Bitcoin crossed $10k and that Bitfinex struggles with money withdrawals shows one of the main problems cryptos right now face: scalability and liquidity. These uncertainties could make selling waves and price swings even worse when psychological barriers are crossed.
6. Death by ¯_(ツ)_/¯ My personal favorite: Unexpected things happen nearly everyday in the crypto space, so why should the beginning of a feared "crypto winter" not be started by something completely surprising? Maybe it's simply the dot-com bubble all over again: investors who have no clue how to really value high-flying assets flee for the exit en masse.
Why should I care: It's totally fine that some of you may say "nah, what are you talking about ... Bitcoin has been declared dead a thousand times and is going stronger than ever". I don't like to take sides here and just want to listen to what different point of views have to say. Things are happening at a breakneck speed, so I think it's important to be realistic about the way all this will potentially go on. I know that last week I argued why Bitcoin is NOT a bubble ... but as I said: You have to be open to different perspectives and draw your own conclusions.
Source: bloomberg.com, motherboard.vice.com, coindesk.com GIF: giphy.com
Want to get essential news on Cryptocurrencies and everything Blockchain for free? Subscribe to Cryptomizer, the daily newsletter with the most essential news on Bitcoin and everything blockchain.
submitted by cryptomizer_org to cryptomizer [link] [comments]

Bitcoin Surges Above $900 on Geopolitical Risks, Fed Tightening

This is an automatic summary, original reduced by 47%.
Bitcoin headed for its biggest weekly jump since June as rising geopolitical risks boosted demand for alternative assets.
The last time it was at such levels was in January 2014, when bitcoin was tumbling from its record price of $1,137 following the implosion of the MtGox exchange and tightening Chinese controls.
Weakening pressure on the yuan, which intensified this month as the U.S. projected a faster pace of tightening next year following Donald Trump's election win, is also increasing demand for bitcoin in China, where the majority of trading occurs.
"Global instability has to a large extent directed funds to the bitcoin market."
Bitcoin, which trades in cyberspace and is mined by code-cracking computers, is gaining popularity among some investors as an alternative safe haven because it's deemed to be less influenced by government regulations and changes to monetary policy.
Gold, which tends to trade in tandem with bitcoin when haven demand is strong, has fallen this quarter as U.S. rates rise, narrowing its premium over bitcoin to the least in three years.
Summary Source | FAQ | Theory | Feedback | Top five keywords: Bitcoin#1 demand#2 trade#3 alternative#4 year#5
Post found in /Futurology, /mtgoxinsolvency, /Bitcoin, /wallstreetbets, /btc and /BeyondSandbox.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Bitcoin Media and PR

Bit redditors are complaining that Amir Taaki is a childish rep of bitcoin and needs someone more corporate, like Erik Voorhees or Trace Mayer however stop complaining on reddit and do your part.
The bit coin needs good PR and good publicity and more importantly positive Media Representation especially in Western Media.
Understand the trends.
Since bitcoin prices have skyrocketed from $30 upwards. Media agencies such as BBC, CNN have stopped reporting factual events in bitcoin such as the bitcoinica and mtgox hacks earlier to taking an editorial stance for or against it. Most outlets and newspapers have not done their research properly which shows how rushed and sensationalised journalism has become.
Tech and Business news have started to output their views also on bitcoin also highlighting inaccurate events and publicizing weaknesses such as Hacks, Bubbles and laughable bearish views. The Tech news outlets have been pretty favourable and business outlets pragmatically harsher.
Its simple.
News Agencies and Newspapers have hierarchies and therefore their editorial output is determined in a meeting even if the journalist is doing an independent piece as it still have to be editorially approved.
So quite simply if Media proprietors, newspaper and magazine editors and journalists and news anchors actually had bitcoins in their wallets, like the tech journalists have, hence why they are favourable to it, they would naturally promote bitcoins similar to how Goldman Sachs promotes the assets or derivatives they are long on. Most here are long on bitcoin so you need to make sure that Media proprietors, editors and journalists have bitcoins. This includes News Agencies, Newspapers and Magazines and Tech and business news outlets also. In addition to politicians and regulators. Find out everyone connected and send them bitcoins to get them connected. Clearly aimed at early adopters since the new guys cant send out bitcoins that they had to pay large amounts for. It may sounds ridiculous to send relatively affluent people in society bitcoins however the long term aim fully justifies this and I hope most of you read this over again if you do not understand this. These people promote their bias and interest directly and indirectly and still can appear neutral and professional. Get these guys to do our Marketing and PR without paying a PR agency millions of dollars. Just send them a few coins.
Remember Wordpress, Reddit, Mega, 9Flats, Expensify,
Of course a legitimate currency has to be used for illegitimate human vices such as Drugs, Sex, porn prostitution and Gambling.
But Food & Drink, Clothing and Shelter need to be purchased with bitcoin for it to fully function.
So contact or even flood them on email or twitter.
BBC, CNN, Reuters, AP, AFP, AlJazeera, CBS, ABC, Fox, NBC, New York Times, USA Today and Gannett, LA times and Tribune, MediaNews Group, Daily News, Sun-Times, Hearst Corp, Washington Post, Associated Newspapers, News International, GMG, TMG and Press Holdings, Bloomberg, FT and Economist, Tech like Verge, Arstechnica, Wired, TC, BGR, GigaOM, VB, Mashable, Media proprietors, CEO, Chairman, CIO, CTO, CFO, Editors, and Journalists, Also your politicians Senators, Reps and MPs, and Regulators like FinCen and others in US/EU. and finance commentators, strategists and economists - since they put out their views regularly to sheep that follow their every word even if they lie.
No point commenting this guy and that girl gave a negative view or that newspaper or blog is biased. Do something.
Go.
Bloomberg correspondent Sara Eisen, Convergex Group Chief market Strategist Nick Colas , Eurasia Group President Ian Bremmer, Societe Generale Senior Forex Strategist Sebastien Galy, Bob Rice, general managing partner with Tangent Capital Partners LLC, UBS stockbroker Art Cashin, Reuters claim Morgan Stanley and Goldman Sachs traders visiting mtgox Mastercard are watching, Steve Hanke, http://economics.wustl.edu/people/stephen_williamson, Scott Sumner, Tyler Cowen, George Selgin, Paul Krugman, Benjamin M. Friedman, http://econ.williams.edu/people/knk1, Lawrence H. White, Russ Roberts. Paypal is watching, Media Proprietors will call short now but then... Let their greed enable us.
The greed is unbelievable. http://techcrunch.com/2013/04/05/why-do-vcs-care-about-bitcoin/
submitted by catoeisen to Bitcoin [link] [comments]

Founder of MtGox Mark Karpeles arrested in Japan The 1 Bitcoin Show- Bloomberg's Mt. Gox crypto-noise, Coinbase, an easy is it your BTC test GREAT NEWS! Mt. GOX To DUMP 150,000 BITCOIN. Market CRASH ... Falida MT.GOX vira investimento, Bitcoin SV com melhor ... Bitcoin users to gather in Tokyo amid MtGox woes

The Tokyo attorney and bankruptcy trustee for the now-defunct Mt. Gox exchange disclosed on Wednesday that he sold about $400 million of Bitcoin and Bitcoin Cash since late September. Kobayashi ... Mt. Gox, once the world’s biggest Bitcoin exchange, was sued for fraud by a U.S. customer within hours of filing bankruptcy. Сайт Bloomberg в очередной раз пытается манипулировать курсом Bitcoin. В своей статье Блумберг пишет "Попечитель MtGox продал ещё Bitcoin и Bitcoin Cash на сумму $ 230 миллионов. Продажи были произведены в период с момента проведения 10-го ... Mark Karpeles, former head of the collapsed bitcoin exchange M tGox, at one time the largest Bitcoin intermediary and the world’s leading Bitcoin exchange, has been convicted by The former chief executive officer of the once-largest Bitcoin exchange, Mt. Gox, said he no longer is a Bitcoin believer, and sounded pessimistic about cryptocurrencies in general.

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Founder of MtGox Mark Karpeles arrested in Japan

Feb. 10 (Bloomberg) -- Matt Miller reports on Bitcoin exchange Mt. Gox's cash withdrawal woes on Bloomberg Television's "In The Loop." (Source: Bloomberg) Mt. GOX To DUMP 150,000 BITCOIN. October 15th will be the decision day. Will this lead to a Market CRASH or BIG OPPORTUNITY? ALSO, 50% of Americans Retire i... Troubled bitcoin exchange MtGox was forced to close and file for bankruptcy protection this week, after bitcoins worth almost $500m were apparently stolen from its servers. Meanwhile, UK tax ... Bitcoin users in Tokyo will gather on Thursday for a meeting set to be dominated by the shuttering of the MtGox exchange amid claims of a multi-million dollar theft. Duration: 01:04. Japanese police have arrested the CEO of the failed company MtGox, which was once the world's biggest exchange of the virtual currency, bitcoin. Mark Karpeles, 30, is being held in connection with ...

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