Official BGOL Crypto Currency Thread ★★★★★

[RoomService]

Report: CFTC Sends Subpoenas to Bitfinex, Tether

Cryptocurrency exchange Bitfinex and Tether, the company behind the controversial USDT token, have been subpoenaed by the U.S. Commodity Futures Trading Commission, according to a new report from Bloomberg.

Citing an unnamed source, Bloomberg said that the CFTC had sent queries to both companies last week. The news comes days after CoinDesk reported that Tether's relationship with auditing firm Friedman LLC had "dissolved," though it still remains unclear which party moved to curtail the work. Friedman had been working on an audit with Tether, which is closely linked to the British Virgin Islands-based Bitfinex.

"We routinely receive legal process from law enforcement agents and regulators conducting investigations. It is our policy not to comment on any such requests," the companies said in a statement to Bloomberg. A representative declined further comment when reached.

The news is likely to further inflame the controversy around Tether's USDT token, which functions as a kind of synthetic dollar. Critics have argued that the token isn't backed on a 1-to-1 ratio with the U.S. dollar as otherwise claimed and that the tokens generated by Tether in recent weeks have been used to boost the price of bitcoin, particularly during times of market weakness.

The report also sparked a rout in the price of bitcoin, sending it below $10,000 as word emerged about the CFTC subpoenas. At press time, the price of bitcoin is trading at $9,831.31.

Image Credit: Mark Van Scyoc / Shutterstock.com

https://www.coindesk.com/report-cftc-sends-subpoenas-bitfinex-tether/

 

[t3m.2]

FUD. The subpoena is 2 months old.

 

[rerun run]

So why has xrp's coin market cap been dropping?

 

[Osca Lee]

... dont mind me..I tried to warn yall to get ya money out before all this happens..

You aint seen nothing yet..trust me

 

[MackInTraining]

Pleased to announce that SBI Virtual Currencies will be the first in the world to list $XRP as its primary fiat pair at beta launch.

 

[gene cisco]

So why has xrp's coin market cap been dropping?

It's still up a good amount since its run. Folks bought in around 20 cents before the run and are enjoying it. Remember, zoom out. People take profits. They wait for weak hands and buy dips. Also, Koreans love XRP, and they been going through some shit in January. The FUD fixed the premiums they were paying for cryptos, but that was the fault of their fucked up government's capital controls to begin with.

As for the FUD over tether, it just shows how governments, media, and others are in on insider trading. 2 month old papers talked about like it just happened. Shit magically started dumping as the west woke up and then the news comes out. Meanwhile, tether has issued like $1 billion since December.

What's more, Bitfinex told U.S. customers to fuck off in August as I remember it. This is another example of why few people on planet earth want to deal with U.S. citizens. Who needs this shit? Seriously, folks going to be hitting up Home Depot to get illegals to open up crypto accounts for them. That's where shit is headed.

 

[gene cisco]

... dont mind me..I tried to warn yall to get ya money out before all this happens..

You aint seen nothing yet..trust me

Do tell. What's going to happen?

You know what's going to happen? They about to push 'joe average' out. It will be for 'accredited investors' only. Weak hands getting ran out the game so the rich get richer.

Conbase and others will start to enforce more rules that fuck with 'joe average' and favor accredited(you need more than $1million and can't include your home as an asset). They already giving hell to folks who move too much money and 'ain't in the club.'

 

[Osca Lee]

Do tell. What's going to happen?

You know what's going to happen? They about to push 'joe average' out. It will be for 'accredited investors' only. Weak hands getting ran out the game so the rich get richer.

Conbase and others will start to enforce more rules that fuck with 'joe average' and favor accredited(you need more than $1million and can't include your home as an asset). They already giving hell to folks who move too much money and 'ain't in the club.'

This was the trail run...NSA about to reality check many who are not the favored as you say or have things set up in proper place like the big boys do. People need to sit back and just look at what happened within the past 6 months and how all of a sudden the regulations just poped up. Its 2018 and servers cant handle traffic nor catch the people eho hacking wallets but they can make sure they tax you when you take actual fiat out. Total bullshit..

Bitcoin been around for how long and they never thought to set up a Bitcoin Bank to avoid all the hackers or protect the customers.

If you got in early like i did and cashed out like i did. You good..tryting to play a game that was set up for the rich to win and they showing you that you cant but you keep trying is insane.

 

[thismybgolname]

This was the trail run...NSA about to reality check many who are not the favored as you say or have things set up in proper place like the big boys do. People need to sit back and just look at what happened within the past 6 months and how all of a sudden the regulations just poped up. Its 2018 and servers cant handle traffic nor catch the people eho hacking wallets but they can make sure they tax you when you take actual fiat out. Total bullshit..

Bitcoin been around for how long and they never thought to set up a Bitcoin Bank to avoid all the hackers or protect the customers.

If you got in early like i did and cashed out like i did. You good..tryting to play a game that was set up for the rich to win and they showing you that you cant but you keep trying is insane.

What exactly is your point in this thread?

 

[RoomService]

What exactly is your point in this thread?

none

 

[LSN]

What exactly is your point in this thread?

to make himself feel better about missing out on this shit bcuz he didn’t follow up on it even tho he was in the thread earlier on lol

 

[gene cisco]

This was the trail run...NSA about to reality check many who are not the favored as you say or have things set up in proper place like the big boys do. People need to sit back and just look at what happened within the past 6 months and how all of a sudden the regulations just poped up. Its 2018 and servers cant handle traffic nor catch the people eho hacking wallets but they can make sure they tax you when you take actual fiat out. Total bullshit..

Bitcoin been around for how long and they never thought to set up a Bitcoin Bank to avoid all the hackers or protect the customers.

If you got in early like i did and cashed out like i did. You good..tryting to play a game that was set up for the rich to win and they showing you that you cant but you keep trying is insane.

See how much money was made in six months? What regulations? They still scrambling and plugging things into existing frameworks. Taxing through fiat pulls when they have all our info isn't in the same ballpark as securing a centralized entity from hackers working 24/7.

Seriously, there are new folks who might read this thread and get creeped out by what you post. You have to be more responsible. You're smarter than this man.

You screaming 'get out' and then some cat sells at a loss and loses hundreds, thousands, tens of thousands, or even more. We can't do this every FUD cycle just like we can't encourage people to buy tops.

One good thing about BGOL is it doesn't seem to be full of FUD bullshit just like it isn't full of moonboy/lambo bullshit. Let's keep it that way. Surprised @easy_b and dropped a 'told you so!" yet. ...

 

[easy_b]

See how much money was made in six months? What regulations? They still scrambling and plugging things into existing frameworks. Taxing through fiat pulls when they have all our info isn't in the same ballpark as securing a centralized entity from hackers working 24/7.

Seriously, there are new folks who might read this thread and get creeped out by what you post. You have to be more responsible. You're smarter than this man.

You screaming 'get out' and then some cat sells at a loss and loses hundreds, thousands, tens of thousands, or even more. We can't do this every FUD cycle just like we can't encourage people to buy tops.

One good thing about BGOL is it doesn't seem to be full of FUD bullshit just like it isn't full of moonboy/lambo bullshit. Let's keep it that way. Surprised @easy_b and dropped a 'told you so!" yet. ...

Now u know All I said was to don’t fall in love with this make the money and get out​

 

[LSN]

You're smarter than this man.

uhhhhhhhh I don’t think so...not even tryna be funny...he’s going to look a complete ass when the market rebounds...every vet saw the red coming...the difference tho is they truly understand why it’s here and why it will go away...some can even realistically predict when...this dude is like someone “predicting” the sun will set then starts prancing around saying “I told you so” when it does...it’s a fluctuating market...of course there are ups and downs

 

[gene cisco]

uhhhhhhhh I don’t think so...not even tryna be funny...he’s going to look a complete ass when the market rebounds...every vet saw the red coming...the difference tho is they truly understand why it’s here and why it will go away...some can even realistically predict when...this dude is like someone “predicting” the sun will set then starts prancing around saying “I told you so” when it does...it’s a fluctuating market...of course there are ups and downs

I meant from my other interactions with him.

 

[LSN]

I meant from my other interactions with him.

ok my bad...I don’t really know dude like that

 

[Osca Lee]

uhhhhhhhh I don’t think so...not even tryna be funny...he’s going to look a complete ass when the market rebounds...every vet saw the red coming...the difference tho is they truly understand why it’s here and why it will go away...some can even realistically predict when...this dude is like someone “predicting” the sun will set then starts prancing around saying “I told you so” when it does...it’s a fluctuating market...of course there are ups and downs

I wish you the best in your bitcoin run..I truly do and the others as well.

No hate here at all...

 

[LSN]

I wish you the best in your bitcoin run..I truly do and the others as well.

No hate here at all...

cmon man “ASSLSN” lmaooooooo

 

[Ballatician]

Pleased to announce that SBI Virtual Currencies will be the first in the world to list $XRP as its primary fiat pair at beta launch.

Thanks! My account with Bitstamp was finally approved, so this week I’ll probably by five hundred coins of XRP and come back in 5 years to see what’s happened. $1.17 a coin sounds like a good entry point.

 

[Aww Skeet Skeet!]

If ripple hits below a buck or Tron drops below .04, I'm going in.

 

[praetor]

This is going down further than I expected. I already bought as much as I could while things are on sale. Might have to uninstall blockfolio for a few days.......

 

[Osca Lee]

See how much money was made in six months? What regulations? They still scrambling and plugging things into existing frameworks. Taxing through fiat pulls when they have all our info isn't in the same ballpark as securing a centralized entity from hackers working 24/7.

Seriously, there are new folks who might read this thread and get creeped out by what you post. You have to be more responsible. You're smarter than this man.

You screaming 'get out' and then some cat sells at a loss and loses hundreds, thousands, tens of thousands, or even more. We can't do this every FUD cycle just like we can't encourage people to buy tops.

One good thing about BGOL is it doesn't seem to be full of FUD bullshit just like it isn't full of moonboy/lambo bullshit. Let's keep it that way. Surprised @easy_b and dropped a 'told you so!" yet. ...

If we have people on this board

See how much money was made in six months? What regulations? They still scrambling and plugging things into existing frameworks. Taxing through fiat pulls when they have all our info isn't in the same ballpark as securing a centralized entity from hackers working 24/7.

Seriously, there are new folks who might read this thread and get creeped out by what you post. You have to be more responsible. You're smarter than this man.

You screaming 'get out' and then some cat sells at a loss and loses hundreds, thousands, tens of thousands, or even more. We can't do this every FUD cycle just like we can't encourage people to buy tops.

One good thing about BGOL is it doesn't seem to be full of FUD bullshit just like it isn't full of moonboy/lambo bullshit. Let's keep it that way. Surprised @easy_b and dropped a 'told you so!" yet. ...

Hey man yall are the experts...i took a chamce in it back in 2013 kept feeding money in the atms til feb 2017 then lost my pw...found it and damn near shitted on myself when I seen my wallet.

I was told to take the money and run before the fees and all this other shit start.

But hey...yall are the experts...im just a ol country boy

 

[LSN]

If we have people on this board


Hey man yall are the experts...i took a chamce in it back in 2013 kept feeding money in the atms til feb 2017 then lost my pw...found it and damn near shitted on myself when I seen my wallet.

I was told to take the money and run before the fees and all this other shit start.

sounds like you took profits more so bcuz you were liable to lose your p/w again lol

 

[Osca Lee]

sounds like you took profits more so bcuz you were liable to lose your p/w again lol

Naw not really...i change phones every 6 to 8 months due to lil nice beta program im in so all my old phones still have the old data on them because the rules are you must start out fresh with each new phone.

Honestly life was more important than bitcoin at the time but i made sure I put at least 100 or 150 in each week...created a wallet long ago when they gave you a 12 password recovey account.

Again I wish all of you greatness in the bitcoin game. I bowed out gracefully and I hope many of my brothers and sisters would realize the game and do the same before many of you run yourself crazy trying to become rich using a currency that changes from minute to minute.

100 paper fiat is 100 paper fiat everyday in my pocket. I rather have it than digital

 

[RoomService]

This is going down further than I expected. I already bought as much as I could while things are on sale. Might have to uninstall blockfolio for a few days.......

You should fam... I had about 1,500 neos when it went up to $50 then fall all the way back down to $12 talk about being tilt.. but I hodl

 

[Osca Lee]

cmon man “ASSLSN” lmaooooooo

Phone did that...you know im not like that

 

[LSN]

You should fam... I had about 1,500 neos when it went up to $50 then fall all the way back down to $12 talk about being tilt.. but I hodl

good reminder...and look @ that shit now @ $140

 

[Mt Airy Groove]

uhhhhhhhh I don’t think so...not even tryna be funny...he’s going to look a complete ass when the market rebounds...every vet saw the red coming...the difference tho is they truly understand why it’s here and why it will go away...some can even realistically predict when...this dude is like someone “predicting” the sun ill set then starts prancing around saying “I told you so” when it does...it’s a fluctuating market...of course there are ups and downs

When was this prediction made?

 

[MrBee]

to make himself feel better about missing out on this shit bcuz he didn’t follow up on it even tho he was in the thread earlier on lol

Basically..

 

[Osca Lee]

Basically..

Wrong...

When this thread started i was already 3 years invested heavily.

Also it wasnt for me to make money..it was to buy shit another way

 

[LSN]

When was this prediction made?

ironically I already showed you a quote I made on dec. 16th saying prices would more than likely drop in january...not playing this game w/ your bitter ass lol...go look for it...don’t get it twisted...I’m not in here to prove myself @ this point...I’m looking to disprove the jilted/inexperienced posters who are making this thread “toxic”

 

[Osca Lee]

ironically I already showed you a quote I made on dec. 16th saying prices would more than likely drop in january...not playing this game w/ your bitter ass lol...go look for it...don’t get it twisted...I’m not in here to prove myself @ this point...I’m looking to disprove the jilted/inexperienced posters who are making this thread “toxic”

So you lost some major bread when the prices fell and you didnt take the money and run. Am I correct...are you sitting and hoping things get back to that price again.

Im not trying to make this thread toxic at all and it never was my intent to do so.

 

[LSN]

So you lost some major bread when the prices fell and you didnt take the money and run. Am I correct...are you sitting and hoping things get back to that price again.

Im not trying to make this thread toxic at all and it never was my intent to do so.

yes you are bcuz you’re not saying anything new, useful or insightful to help folks during this downturn...yes my portfolio went down as expected and it will go up higher than it was before as I’ve maintained bcuz the market has its ups and downs...but it always comes back harder than it went down bcuz of the market being relatively new and literally hundreds of billions of $$$ being introduced into it in matters of weeks...nothing here is really a surprise if folks take the time to read the thread...and of course when the market goes up you’ll go in hiding until it goes down again and the groove dude will be asking where were the posts predicting the market would go up lol

 

[LegalMoney]

Patience and placement, you need patience to succeed and must do your research as to when to buy your bags.

Atleast learn to look at a chart to see how far a coin has appreciated before jumping in.

It's mistakes every newbie makes, what defines you in this game is your patience and strategy.

The worst case is you'll bag hold some shit for months before it rebounds to sell at breakeven.

You don't have to take a lose if you bought good coins. Some people bagheld Verge from sub 100 sats until it popped now they're rewarded for their patience.

There is life changing money to be made you gotta put in the work.

 

[Osca Lee]

yes you are bcuz you’re not saying anything new, useful or insightful to help folks during this downturn...yes my portfolio went down as expected and it will go up higher than it was before as I’ve maintained bcuz the market has its ups and downs...but it always comes back harder than it went down bcuz of the market being relatively new and literally hundreds of billions of $$$ being introduced into it in matters of weeks...nothing here is really a surprise if folks take the time to read the thread...and of course when the market goes up you’ll go in hiding until it goes down again and the groove dude will be asking where were the posts predicting the market would go up lol

So me not telling everyone on here to make sure tey have things set up in trusts and protecting assests isnt insightful? Our people quick to invest and copy everything the europeans do but fail to understad they operate on layers. They had a fail safe in place regardless and will always habe one but we never do and you see in this thread our people are getting crushed again just like in the mortgage bubble. Remember that game...once the europeans was done then all of a sudden our people jumped on and the shit crashed and banks bailed out but what happened to our people? Its the same thing here being played out again and our people getting in at the end of the run when red tape is being set up as i type to take more and more.

Are you set up so if you anything out the IRS cant fuck with any of your money?