Bitcoin and cryptocurrency trading thread

[noirua]

BTC-e founder pleads guilty in $9B money laundering conspiracy

The cryptocurrency exchange is said to have profited from various illicit activities that used the platform to launder some $4 billion worth of Bitcoin.

cointelegraph.com

The DOJ highlighted that the platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attacks and drug trafficking.
Vinnik, who is a Russian citizen, had earlier tried to secure a prisoner swap deal for him to be considered as part of a prisoner trade deal between Russia and the United States.

U.S. authorities have brought similar criminal charges against crypto exchanges and executives. On March 28, former FTX CEO Sam Bankman-Fried was sentenced to 25 years for seven felony charges.

 

[noirua]

Best Crypto Stocks Of 2025

Cryptocurrency began with Bitcoin (BTC) in 2009. Today, the market has grown exponentially to encompass a dizzying array of coins, blockchains, crypto exchanges and payment processors. During the crypto bull run of 2021, a handful of public companies made significant cryptocurrency investments. I

www.forbes.com

These stocks include popular crypto exchanges, cryptocurrency miners, blockchain technology specialists and other companies that have large cryptocurrency holdings on their balance sheets. They can be highly correlated to cryptocurrency price fluctuations, making them extremely volatile and unpredictable.

 

[noirua]

Bitcoin ‘could’ consolidate for ‘4 or 5 months,’ but big cup and handle looks promising — Analyst

Sharp Bitcoin price corrections remain a reality in the near term, but analysts say a handful of data sets point to a powerful range break in the making.

cointelegraph.com

Likening BTC’s price action to gold, which formed a “massive cup and handle” pattern over the last 13 years, with the “cup” lasting four years, Edwards noted how Bitcoin appears to show the same chart pattern.

 

[Value Collector]

Likening BTC’s price action to gold, which formed a “massive cup and handle” pattern over the last 13 years, with the “cup” lasting four years, Edwards noted how Bitcoin appears to show the same chart pattern.

on my recent flight home from Sydney, I looked out the window and saw a cloud that was the shape of a rabbit another like a dragon head, and a lot that just looked like mashed potato.

humans will recognise all sorts of shapes and patterns in random formations, it’s mostly a mistake to try and apply meaning to them.

 

[qldfrog]

Bitcoin ‘could’ consolidate for ‘4 or 5 months,’ but big cup and handle looks promising — Analyst

Sharp Bitcoin price corrections remain a reality in the near term, but analysts say a handful of data sets point to a powerful range break in the making.

cointelegraph.com

Likening BTC’s price action to gold, which formed a “massive cup and handle” pattern over the last 13 years, with the “cup” lasting four years, Edwards noted how Bitcoin appears to show the same chart pattern.

My crypt ETF price is jumping up and down nearly 5% in a day.
Volatile is stunning when you can get the annual RBA rate on as day change regularly.

 

[noirua]

Big miners pose a growing existential threat to Bitcoin

As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin's hash rate. That could become a problem for Bitcoin users in the near future.

cointelegraph.com

The Bitcoin community can combat such consolidation by running as many independent nodes as possible.
Nodes can choose any unadulterated chain in the event a Bitcoin mining pool launched a 51% attack against Bitcoin.
ASIC owners help to stop a mining pool from attacking Bitcoin by pointing their mining rigs to a different mining pool.
If you’re running an ASIC machine, refrain from pointing it to the largest pools — such as AntPool or Foundry USA — which require you to cough up personal information anyway.
Every mining pool could lose business this way, which would go a long way toward dissuading malicious behavior.

 

[noirua]

Mt. Gox’s $9.6B Bitcoin move is part of repayment plans, says trustee

The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline.

cointelegraph.com

The 141,686 Bitcoin was consolidated into wallet “1Jbez" from several other cold wallets associated with Mt. Gox.

 

[peter2]

Noticed my BO line had moved up or price has been adjusted down. Turns out BITO paid a whooping div of 1.768 yesterday.
The divs seem to be getting bigger as well.

 

[DB008]

 

[IvoryWolf]

Quite a good investigative documentary about scams involving Bitcoin - be sure to share it around to raise more awareness about how elaborate these schemes are. If you want to invest in cryptocurrency, PLEASE use an established broker and educate yourself about how to trade and invest (reading charts, understanding the underlying cryptocurrency, etc.) - otherwise, don't touch it, just like you wouldn't touch any other investment.

Scambaiter Exposes Massive Dubai Crypto Scam

Last year alone, an estimated $1 trillion was lost globally to fraud. With law enforcement struggling to cope, scambaiter vigilantes are filling the gaps. (Source: Bloomberg)

www.bloomberg.com

 

[divs4ever]

Quite a good investigative documentary about scams involving Bitcoin - be sure to share it around to raise more awareness about how elaborate these schemes are. If you want to invest in cryptocurrency, PLEASE use an established broker and educate yourself about how to trade and invest (reading charts, understanding the underlying cryptocurrency, etc.) - otherwise, don't touch it, just like you wouldn't touch any other investment.

Scambaiter Exposes Massive Dubai Crypto Scam

Last year alone, an estimated $1 trillion was lost globally to fraud. With law enforcement struggling to cope, scambaiter vigilantes are filling the gaps. (Source: Bloomberg)

www.bloomberg.com

absolutely

although i stayed back from cryptos because Governments will not be able to resist interfering ( and micro-managing )

 

[DannyB0000]

Be wary of celebrities spruiking investments online. They could be deep fake videos promoting dodgy content.

 

[ducati916]

Noticed my BO line had moved up or price has been adjusted down. Turns out BITO paid a whooping div of 1.768 yesterday.
The divs seem to be getting bigger as well.

View attachment 178145

Well it's not really a dividend.

BITO trades the btc Futures. As long as btc price continues to rise, when the contracts are rolled you get the 'profit' distributed.

jog on
duc

 

[peter2]

Thanks Duc, I was wondering about who's selling their BTC to MSTR and the ETF administrators?

Retail holds approx 9% and it's unlikely to be them. BTC miners would sell quickly to cash in on their mining efforts but this is unlikely to be enough supply for the voracious ETFs and MSTR (plus MARA).

That leaves drug cartels, slavers, pirates and large long term holders slowly converting their BTC hoards to cash in.

It doesn't add up to me.

 

[Captain_Chaza]

Thanks Duc, I was wondering about who's selling their BTC to MSTR and the ETF administrators?

Retail holds approx 9% and it's unlikely to be them. BTC miners would sell quickly to cash in on their mining efforts but this is unlikely to be enough supply for the voracious ETFs and MSTR (plus MARA).

That leaves drug cartels, slavers, pirates and large long term holders slowly converting their BTC hoards to cash in.

It doesn't add up to me.

It Adds up if you Buy and Sell to Yourself!

 

[qldfrog]

Thanks Duc, I was wondering about who's selling their BTC to MSTR and the ETF administrators?

Retail holds approx 9% and it's unlikely to be them. BTC miners would sell quickly to cash in on their mining efforts but this is unlikely to be enough supply for the voracious ETFs and MSTR (plus MARA).

That leaves drug cartels, slavers, pirates and large long term holders slowly converting their BTC hoards to cash in.

It doesn't add up to me.

Some of the whales, the Satoshi/CIA/whoever etc have a lot, a nice way for them to reduce and cash in. At a pretty high level
It should actually be possible to track if not the actual owner, at least the portfolio size of the sellers whales or not

 

[divs4ever]

Thanks Duc, I was wondering about who's selling their BTC to MSTR and the ETF administrators?

Retail holds approx 9% and it's unlikely to be them. BTC miners would sell quickly to cash in on their mining efforts but this is unlikely to be enough supply for the voracious ETFs and MSTR (plus MARA).

That leaves drug cartels, slavers, pirates and large long term holders slowly converting their BTC hoards to cash in.

It doesn't add up to me.

selling BTC , or selling derivatives of BTC , some recent entrants are very good vat creating intangible ( and synthetic ) assets

think the gold and silver trading exchanges ( especially when they delay delivery )

 

[Captain_Chaza]

The ETF's are TOO Volatile to SHORT;
I don't Know any Sellers---- Do You?