E-coin is up +4880% today. Not a new IPO either (May 2017). Market Cap of over 1.5 billion USD.
$289.34 USD (4,880.21%) Market Cap $1,441,263,332 USD
E-coin is up +4880% today. Not a new IPO either (May 2017). Market Cap of over 1.5 billion USD.
$289.34 USD (4,880.21%) Market Cap $1,441,263,332 USD
You missed another price spike wrote:
E-coin is up +4880% today. Not a new IPO either (May 2017). Market Cap of over 1.5 billion USD.
$289.34 USD (4,880.21%) Market Cap $1,441,263,332 USD
Looks like Enron-style stuff. Except that energy markets are manipulated due to govmint oversight.
The cryptocurrency bitcoin is “a combination of a bubble, a Ponzi scheme and an environmental disaster,” according to Agustin Carstens, the head of the Bank for International Settlements (BIS).
A former head of Mexico’s central bank, Carstens acknowledged that many of the world’s main central banks have closely examined the potential to transform their own operations using blockchain technology, or distributed ledger technology (DLT), which underpins cryptocurrencies.
Founded in 1930, the Bank for International Settlements is the oldest global financial institution, and is known as the bank for central banks because it is where they hold accounts. It provides gold and foreign exchange transactions for them and holds central bank reserves. The BIS is also a banker and fund manager for other international financial institutions.
Now the UN is behind things.
The United Nations International Children’s Emergency Fund has launched “the first ever blockchain fundraising” project, urging gamers to “turn graphics cards into a humanitarian tool” and mine Ethereum to help Syrian children.
Over 500 people have already joined the unusual initiative to support Syrian children. UNICEF’s ‘Game Chaingers’ charity project has raised more than 1,500 euros in five days since its launch last Friday.
In its promotional video UNICEF appealed to video game fans, who have the largest number of graphics cards. The powerful devices are necessary for cryptocurrency mining, which lies at the heart of the project and distinguishes it from other existing initiatives.
“Through the use of mining we create an opportunity for those who cannot give or have never had the opportunity to do so,” UNICEF said.
‘Game Chaingers’ uses graphic cards as a humanitarian tool, instead of traditional cash donations. However, donations using a credit card or Paypal are also welcomed.
The organization urges everyone to engage in the ‘mining’ process, using the computing power of their PCs (and graphic cards in particular) to operate transactions of a certain cryptocurrency. They are given tokens as a reward. For its project the non-governmental organization has chosen Ethereum – second highest valued cryptocurrency after Bitcoin.
‘Game Chaingers’ aims to ease the suffering of more than nine million children in Syria. According to UNICEF estimates, more than 13 million people in the war torn nation need “vital emergency help.”
https://www.chaingers.io/en/index.htmlYou can trust Goldman Sachs. They have your best interests in mind, I'm sure.
“The high correlation between the different cryptocurrencies worries me,” he said, adding: “Contrary to what one would expect in a rational market, new currencies don't seem to reduce the value of old currencies; they all seem to move as a single asset class.”
“Are any of today’s cryptocurrencies going to be an Amazon or a Goggle, or will they end up like many of the now-defunct search engines? Just because we are in a speculative bubble does not mean current prices can’t increase for a handful of survivors.[/quote]
https://www.rt.com/business/418102-most-cryptocurrencies-hit-zero/Last summer I invested a few thousand in bitcorn. I was surprised how much I got as the price was quite low. I didnt have room for it in the house so I put it on the back porch. When the price hit an all time high last month, I went to get some bitcorn to sell and discovered deer had eaten most of it. Worst investment I ever made.
You aren't the only one worried.
https://www.pokernews.com/news/2018/02/bitcoin-and-ethereum-dropped-29930.htm
On Thursday, for the second time in a week, the Dow Jones Industrial Average lost over 1,000 points in a single session, closing at 23,860.46. The Dow plunged 4.15% as it lost 1,032 points. Concurrently, the benchmark S&P 500 dropped 3.75%, while Nasdaq plunged 3.9%.
The apparent culprit for Thursday’s loss was the increase in interest rates, a shift from the last 9-10 years of low interest rates.
joedirt wrote:
It will far much further than 1000 points. Take a look at the Greek economy to get a glimpse. We cannot continue to run deficits.
Were it not for the simple fact we share nothing in common with Greece, you'd have a point.
kibitzer wrote:
M A G A x 10 wrote:
Anti-Trump idiots can't wait to blame this drop on Trump!
Probably true...just as the pro-Trump idiots were giving him credit for the rise, and being really noisy about it.
Q.E.D. sucka!
Rothschild me wrote:
It’s not unlikely that the Fed is trying to kill the Trump rally.
Republicans are going to drive the economy into a ditch again, and then they're going to blame it on the Deep State.
Host of RT’s ‘Cryptolium’, Miguel Francis-Santiago, travels to the World Blockchain Economic Forum in Singapore, where tries to figure out what’s wrong with the price of bitcoin and if it’s a bubble that’s going to burst. He met with two speakers from the forum: Miko Matsamura of the world’s largest cryptofund, Pantera Foundation, and Tone Vays, the world’s most accurate bitcoin price predictor.
https://www.rt.com/business/418290-cryptolium-introducing-crypto-digest-with/
Just bet Davidson/Rhode Island under 145 tonight. Money in the bank
Nothing in common:
Greek debt to GDP ratio 2007 at the start of their financial crisis: 103.1
US debt to GDP ratio today: 104.2
Interest on the debt projected 2018: 524.4B (roughly 15% of tax receipts)
Spending bill increases the deficit by 320B a year, plus likely interest rate hikes in the coming year will increase the debt and interest on the debt dramatically. We are headed down a road to default, austerity measures, etc.
You're being misleading. We've got a long way to go to match the 177 ratio at the peak of the crisis.
Economy has been sick for a while. It's been a casino vs. solid place for investment for many years.
The violent price swings of bitcoin and other cryptocurrencies is rattling the nerves of investors. A Moscow-based company has launched a hotline to help ease their anxiety over crypto market fluctuations. Back in December, bitcoin smashed an all-time high of $20,000, but then dropped below $6,000 this week. This is a huge cause of stress for miners and investors in cryptocurrencies that could even lead to mass suicides, psychologists claim.
https://life.ru/t/%D0%BD%D0%BE%D0%B2%D0%BE%D1%81%D1%82%D0%B8/1086557/pomoghitie_ia_kupil_bitkoin_v_moskvie_poiavitsia_sluzhba_psikhpoddierzhki_dlia_mainierovA Moscow-based company, Blockchain Fund, which buys and stores cryptocurrency for clients, has opened a hotline for them.
“Some people are in a panic, they don’t understand what is happening. At first everything was so good in this market, and now it has faced such changes," Elena Pikhovkina, a psychologist working on the hotline, told Life.ru.
"First of all, I will get acquainted with people in my work, listen to their stories and then give advice on how to calm down and recover. It is very important so that a person does not do anything stupid," she explained.
According to the expert, she already has experience working with people who have survived financial ruin. For example, those who lost a lot of money in 2014, when the euro and dollar rates against the ruble jumped dramatically.
BTC now over 9000 USD!!
Hurry before it hits 10K...