"BitConnect, a cryptocurrency trader, ordered to stop operating in NC"
"In announcing the cease and desist order, N.C. Secretary of State Elaine F. Marshall said in a statement: “These specific BitConnect investment programs are very concerning from a regulatory standpoint. BitConnect offers investment programs whose returns are derived from a secret trading system about which BitConnect has failed to provide material information to investors, including evidence of its very existence.”
Yeah, not surprising. This is similar to USI Tech that was just barred from business in the US. Essentially you buy a "package" or a coin in this case and they leverage this against multiple exchanges, which can differ in rate. So it is just arbitrage in a sense, except that they didn't register in NC. It is these stupid little things like that- knowing the regulations and laws where you are going to set up shop, that are getting these guys. They even state in the article that this isn't against cryptocurrency, it is just how it is marketed as an "investment" and obviously not registering.
its not really investing. its gambling.
if i have been a nut and got into it months or years ago, then it would be ok.
but for me at least... trying to get into it now, i just think its too risky.
my 'normal' investments are pulling in good numbers with a fraction of the risk.
if you want to gamble with some 'fun money'. go ahead. good luck. i just dont have the time/stomach to try/care.
Mr. Money Mustache
Improving the signal-to-noise ratio
lets take ripple for example...
some people have a knack for looking at charts and just knowing but my goal years ago with having a 5 & 7 y/o kids born is that I won't have time to sit on the computer trading charts. I want to be alerted at each point. thus that led me to create my own trading programs. A lot of trial and error. tradingview scripts is not the same as my java program but its close enough. the exit on that would have been 2.78. Would it enter again? I have no idea until another setup occurs.
Ok, now you are speaking my world- big data and 5 + 7 yar old kids.
Sounds like you have set something up for yourself using a Fibonacci retracement or similar. That is similar to what I was doing when I was day trading this stuff, but that was turning into a full time job and had to change it up. Very profitable, but time consuming.
no fibs - never much luck in those; neat to see the extension and elliot waves but modified formulas of log periodic power/ma compression weighted w/stoch rsi oversold/overbought. have a follow on https://twitter.com/InterestRateArb - he is much better at timing those moves
From The Onion.
Bitcoin On Path To Functioning Just Like Real Currency After Small Concentration Of People Acquire Majority Of It
From the npboards, home of "intelligent discussion:" ...Trump...seems to be appealing quite a bit to black voters. By some estimates as many as one out of four would vote for him. This may well be because he not only has a Strong Pimp Hand, he is also the most "******-Rich" man in New York City. In other words, someone they can both relate to and aspire to."
a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."
If that doesn't fit the description of crypto currencies I don't know what does.
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Originally Posted by Turbio!