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Bitcoin: Does it have a future ?
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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rwitre wrote:‘I Would Buy’ Bitcoin If Growth Continues — Investment Legend Mobius (co-founder and partner at Mobius Capital Partners)Quote:
Speaking in an interview on Bloomberg TV, Mobius, who has previously delivered critical statements on cryptocurrency, now said it was impossible to ignore.
“I’m not a buyer, but I realize it’s something we have to account for,” he summarized.
As a veteran of U.S. finance, Mobius remains broadly on the fence about crypto, a stance nonetheless noticeably more positive than that of figures such as Warren Buffett and JPMorgan Chase CEO, Jamie Dimon.
Nevertheless, Mobius repeated controversial arguments about bitcoin and other cryptocurrencies, notably their alleged role in illicit activity such as the drugs trade.
As Cointelegrpah reported, research continues to disprove such assumptions, data suggesting that cash remains bad actors’ medium of choice.
He further claimed that cryptocurrency required belief in order to function, something true of centralized fiat currency but not, for example, bitcoin, which runs on the certainty of a mathematical formula.
Minds are changing. Bitcoin is inevitable.Interview on Bloomberg Daybreak: Middle East. It is no longer chest thumping or overating investment gurus but things have incredibly changed and everybody must embrace cryptocurrency just the way fiat money is king. Some guys in Wazua soon and very soon gonna liquidate their shares at NSE for Bitcoin and more buggers will book KQ tickets online paying in Bitcoin too! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: New-farer Joined: 12/23/2018 Posts: 38 Location: germany
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Blockchain technology has a brighter future than most digital currencies in general and Bitcoin in particular. Digital currency is here to stay, simply because it does not require middle men or local regulatory bodies to hinder its transnational efficiency.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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whiteowl wrote:hardwood wrote:rwitre wrote:Playing Russian roulette with your money  It’s dubbed “Bitcoin Wallet,” and promises returns of 100 percent in 15 days. The scam is estimated to be generating R2 million ($135,000) every day. Quote:
By all indications, Bitcoin Wallet is a multimillion-rand operation and probably has the largest daily cash flow in the whole of Ladysmith.
Fears are growing that a highly lucrative “investment scheme” that promises to pay out ten-fold cash deposits within two weeks, which has taken this small rural town in KwaZulu-Natal by storm, will soon crash.
The allure of easy money has seen more and more hopeful people unwittingly risk their money every time they make deposits into the investment scheme.
Located in a shabby building that used to be a pawn shop – just off Alexander Street, between MICA hardware and Office National – are the Bitcoin Wallet offices.
Long queues form outside Bitcoin Wallet daily. The attraction is Bitcoin Wallet’s investment scheme that promises 100 percent returns on monetary deposits, from R100, in exactly 15 working days.
Owing to the popularity of the scheme, it no longer takes in amounts less than R5,000.
By all indications, Bitcoin Wallet is a multimillion-rand operation and probably has the largest daily cash flow in the whole of Ladysmith.
Owned and operated by a local man in his 30s who was a paramedic until recently, Sphelele “Sgumza” Mbatha, the investment scheme is reportedly taking more than R2 million in cash deposits on a daily basis.
On Tuesday (last week), about 200 eager prospective investors queued outside Bitcoin Wallet offices, with some saying that they do not want to be left behind by the easy takings as many people have benefitted already.
Vehicles belonging to other businesses operating around the Bitcoin Wallet premises now have to manoeuvre through a human curtain that has blocked the entrance to their parking lot, but they don’t appear to be complaining.
“I’ve actually not invested anything yet as this was my first time here, but a woman I know invested R50,000 and she has just received R100,000. I’m told Sgumza only takes R5,000 now, so I also have to invest as well,” claimed a woman in the queue.
An elderly man, who asked not want to be named and was seen carrying a blanket around midday, said that he had been queuing since 3am. He said his daughter would come a little later so they could make their investment.
Another lady, who also did not want to be named, said employed members of her family have invested various amounts in Bitcoin Wallet, from R1,000. She said they had been taking turns to queue every day to collect their returns.
Isn't this a ponzi scheme like DECI? Yes this another ponzi and has nothing to do with bitcoin.Bitcoin is just a buzzword to rope people in. Furious Bitcoin scam victims torch alleged Ponzi mastermind’s houseQuote:
Angry victims have looted and torched the home of a man who operated an alleged Bitcoin Ponzi scheme in South Africa.
Firefighters in Ladysmith, approximately 365 kilometres south of Johannesburg, were called to Sphelele “Sgumza” Mbatha’s house on Wednesday afternoon after several angry citizens set the building on fire.
An anonymous source told TimesLIVE that victims were taking the law into their own hands because Mbatha was unreachable.
Mbatha operated Bitcoin Wallet, a company which reportedly enticed victims to invest in exchange for easy and big returns on investments.
Earlier this week, Mbatha told the Ladysmith Gazette that he didn’t have any more cash to pay out to clients. The same outlet confirmed on July 9 that Mbatha had not been arrested, despite rumours on social media.
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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Finally,orange man is squealing... https://amp.theguardian....tocurrencies-arent-moneyNever lose your position in a bull market,BTFD.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,654
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when he says crypto assets can be used for illegal behaviour like drug trading  The dollar is the no.1 currency for illegal activity. Cryptos were unchanged in value after this tweet storm. He cannot talk up or down crypto like he does the stock market.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Bitcoin has now begun monthly/weekly price correction according to charts... IMHO it may go lower to $ 7800 ... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 10/9/2006 Posts: 1,502
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A tough night for cryptocurrencies. All counters down. work to prosper
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Spikes wrote:Bitcoin has now begun monthly/weekly price correction according to charts...
IMHO it may go lower to $ 7800 ...
 Bitcoin should rise to about $11,470 to complete wave E then fall strongly to $5500s. Targets to be given once wave E completes according to our projected scenario. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Bitcoin appears to have completed wave E (triangle) of (B) at $11,007. I therefore expect bitcoin to head below towards targets indicated by the pink lines. A move below $9000 will confirm this scenario while a rise above $10950 will negate it. The targets if the scenario is confirmed are: $8348, $6730, $4109.One of them should act as support from which Bitcoin should explode to $19000 and beyond in the near future. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Bitcoin: Does it have a future ?
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