I still think it will work out in the long term. Im continuing to mine
I still think it will work out in the long term. Im continuing to mine
... and the band played on...
Warning: The posts of this forum member may contain trigger language which may be considered offensive to some.
Music was better when ugly people were allowed to make it.
DemonGeminiX (09-06-2018), Muddy (09-07-2018), RBP (11-24-2018)
PorkChopSandwiches (09-07-2018), RBP (11-24-2018)
Did you cash any of it out before the bottom started falling off?
I sold almost everything I had left at a reasonable profit a couple months ago. Held some cash in a Vancouver-based exchange until a couple weeks ago and withdrew it. Glad I did. With the bottom now totally falling out who knows how stable the exchanges even are.
I'm not totally opposed to re-investing at some point but not right now.
RBP (11-24-2018)
A son asked his Dad for $10 in Bitcoin
"$9.24? What do you need $7.86 for" he asked?
Teh One Who Knocks (11-27-2018)
OK What the fuck.
I don't know where to start. One of the main 2-3 crypto sites I've used the last couple years before mostly bailing from the game was QuadrigaCX. I hop on there to check the markets too just to see how they're doing. Today the website just down, and says
Dear Customers,
An application for creditor protection in accordance with the Companies' Creditors Arrangement Act (CCAA) was filed today in the Nova Scotia Supreme Court to allow us the opportunity to address the significant financial issues that have affected our ability to serve our customers. The Court is being asked at a preliminary hearing on Tuesday February 5 to appoint a monitor, Ernst & Young Inc., as an independent third party to oversee these proceedings.
For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be transferred to us. Unfortunately, these efforts have not been successful. Further updates will be issued after the hearing.
They had $190 million of Canadian customer's money. Their site is gone. The CEO died under what I would call mysterious circumstances - he was traveling in India and allegedly died 'from complications related to crohn's disease (which a) Isn't usually fatal and b) nobody with this disease serious enough to be fatal goes to India). There is no death certificate, obituary, etc., just his wife tweeting that he's dead. He also signed a will 2 weeks before he died and his social media is wiped from the internet.
This company it came out late last year also had some involvement with a sketchy Mexican dude and CIBC froze their assets for a while because they knew something was up.
I think I still had about $250 just sitting on the site in Canadian cash I meant to withdraw. I won't see that again but I won't lose sleep over it, that was pure gains and I should've known better.
This was supposed to be a fairly stable, Vancouver based currency exchange but now it's turning into a future Netflix documentary
What a way to wake up to this news. Welp this is why they say if you don't hold your own keys, you don't actually own your crypto.
Very interesting story
Last edited by Godfather; 02-03-2019 at 07:12 PM.
Meanwhile, my actual real tangible dollars that I have in my bank account are still there and are actually worth the face value