Ponzi Schemes New York Post

NY Post says Bitcoin a Ponzi scheme ?!?!

This coming for the brainiacs who bought MySpace for $500 Million and firesale'd it for $50 Million
submitted by ShopBitcoin to Bitcoin [link] [comments]

Big surprise, NY Post "business reporter" thinks Bitcoin is a "ponzi scheme" for "drug dealers and money launderers"

Big surprise, NY Post submitted by SatoshiKamasutra to Bitcoin [link] [comments]

Cryptocurrencies are in the green as traders digest news the SEC is reviewing its decision to reject the ProShares & Direxion Bitcoin ETF proposal, Fundstrat’s Tom Lee sees Bitcoin trading up with emerging markets in 2H2018

https://www.coindesk.com/search-giant-baidu-to-censor-crypto-discussions-on-its-forum-business/ https://www.coindesk.com/upside-calling-bearish-bets-on-bitcoin-futures-hit-record-low/ https://cointelegraph.com/news/fundstrats-tom-lee-correlation-between-btc-and-emerging-markets-is-sign-of-upcoming-trend-reversal https://cointelegraph.com/news/new-york-district-judge-rules-that-cftc-can-permanently-ban-crypto-firm https://bitcoinist.com/defense-distributed-appeal-bitcoin/ https://www.coindesk.com/with-nearly-200-million-on-the-line-eos-is-building-a-voting-system/ https://www.ccn.com/mark-zuckerbergs-sister-signs-on-to-serve-on-huobi-chain-advisory-committee/ https://www.ccn.com/icon-records-23-gain-again-while-crypto-market-sees-gloomy-forecast/ https://www.coindesk.com/india-central-bank-forms-new-unit-to-tackle-blockchain-regulation/ https://www.ccn.com/indias-central-bank-quietly-forms-new-cryptocurrency-blockchain-research-unit/ https://cointelegraph.com/news/japan-it-giant-ntt-data-ministry-of-economy-announce-blockchain-based-platform-for-trade https://www.coindesk.com/nex-infinity-blockchain-cuts-sheds-jobs/ https://bitcoinist.com/iran-central-bank-cryptocurrency-end/ https://bitcoinist.com/as-cryptocurrency-gains-popularity-in-israel-discussions-continue-about-a-crypto-shekel/ https://bitcoinist.com/maltese-prime-minister-fraudulently-impersonated-by-bitcoin-peddlers-on-instagram/ https://bitcoinist.com/reddit-co-founder-is-optimistic-in-spite-of-bitcoin-volatility/ https://news.bitcoin.com/investments-offshores-foreign-trade-russia-planning-for-crypto/ https://btcmanager.com/soluna-bets-big-on-offsetting-bitcoin-energy-consumption/ https://bitcoinist.com/litecoin-charlie-lee-ponzi-scheme-silverbug-youtube https://www.newsbtc.com/2018/08/27/prominent-analyst-bitcoin-is-significantly-healthier-in-2018-than-2014-optimistic/ https://www.coinspeaker.com/2018/08/27/world-first-blockchain-bond-attracted-110-million-of-investments/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

[uncensored-r/CryptoCurrency] Hope I’m wrong, but I’m out.

The following post by JackAdd9 is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7qgo3n
The original post's content was as follows:
I’m new to this, so understand everything below is the relatively uninformed opinions of a noob.
I had $ $ in my eyes like most. Bought first, asked later. I no longer have the stomach for crypto. I’ve sold all my BTC, ETH, and LTC. I made only a pitifully small profit combined considering what many of you have taken in.
I first wanted to sell when Roger Ver called himself Jesus and went on TV saying insider trading isn’t a crime (it is).
I next wanted to sell when I learned about Bitfinex and Tether printing funny money. $1.5 billion appearing out of nowhere doesn’t make sense.
I then wanted to sell when I saw Carlos from NY give his “wassa wassa wassa” speech at that Bitconnect...thing, whatever that was.
I next wanted out when Charlie Lee performed the most brazen pump and dump I’ve ever seen, even having the balls to act magnanimous while he did it.
Then there was Long Island Blockchain, Kodak, riot...to many to list.
Now I see all these YouTube pumpers associated with Bitconnect scrambling to delete and save their own asses from doing time for their role in what I fear could be one of the largest Ponzi schemes in history.
I love what Bitcoin represents. I want it to succeed, and believe it ultimately will. But there are too many red flags right now and I work too damn hard for my money to do this anymore, especially when everything else in the economy is doing so well.
I’m afraid there’s a bloodbath coming, maybe in a year or two when the smoke clears I’ll buy back in. But for now I wish everyone luck and hope I’m wrong.
Sorry if I’m fudding here. And like I said, I’m a noob, so take everything I write at what it’s worth - very little. Just be careful.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

U.S. CFTC Files Charges Against NY Firm Over Alleged Bitcoin Ponzi Scheme

This is the best tl;dr I could make, original reduced by 49%. (I'm a bot)
The U.S. Commodity Futures Trading Commission has filed a federal civil enforcement action against Gelfman Blueprint, Inc., a New York corporation, and Nicholas Gelfman, its CEO and head trader, charging them with fraud, misappropriation, and issuing false account statements in connection with solicited investments in bitcoin.
According to the CFTC complaint, Gelfman Blueprint and Gelfman operated a bitcoin Ponzi scheme between January 2014 and January 2016 in which they fraudulently solicited over US$600,000 from approximately 80 persons who invested amounts ranging from a few hundred dollars to tens of thousands of dollars.
Gelfman Blueprint promised customers a 7-9% monthly return on their bitcoin after commission.
According to the CFTC, "The strategy was fake, the purported performance reports were false, and - as in all Ponzi schemes - payouts of supposed profits to Gelfman Blueprint customers in actuality consisted of other customers' misappropriated funds."
To conceal the trading losses and misappropriation, Gelfman and the company made and provided false performance reports, including statements that created the appearance of positive bitcoin trading gains.
The CFTC said it is seeking, among other relief, restitution to defrauded pool participants, disgorgement of benefits from violations of the Commodity Exchange Act and CFTC Regulations, civil monetary penalties, and trading bans.
Summary Source | FAQ | Feedback | Top keywords: trader#1 Gelfman#2 bitcoin#3 Ponzi#4 CFTC#5
Post found in /Bitcoin, /CryptoCurrency, /BitcoinAll and /Crypto_Currency_News.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

The worst article I've seen yet on Bitcoin

Articles like this give me hope. I didn't realize the NY Post was a rag.
But bitcoin’s value is wildly volatile — 10 percent to 30 percent daily moves are common. The believers want you to think it’s the next big “currency,” like gold or PayPal. It is like neither. A computerized IOU chit with no central oversight authority, bitcoin has all the makings of a high-tech Ponzi scheme. In what may prove to be a knockout blow to Bitcoin, China banned financial companies from accepting Bitcoin, saying it isn’t a currency with “real meaning.” At the end of the day, bitcoin is the creation of an anonymous person or persons that, while technologically interesting, offers no safe haven for money. The top 100 bitcoin cryptologic addresses control 22 percent of all bitcoins, so imagine if a few want out. About the only benefits of bitcoin are for money launderers, drug dealers and other cheats, due to its anonymity. One more thing: The Federal Reserve could barely keep ATMs working in 2009. What’s going to happen when there’s a run on bitcoins? And there definitely will be.
submitted by betterfretter to Bitcoin [link] [comments]

MAD Doge - Market Analysis 2/8/2014 (Such Snow Edition) Diversify! PONZI-COINS! Much More!

Good evening, I hope you're surviving the weather, wherever you are!

Let's begin warming up with a bit of news:

Over the past few days, the BitCoin exchange MtGox has fallen hard, due to a variety of reasons. One of the reasons being a possible hodge-podge system for tracking payments, another being the implementation of regulations for different countries. As far as we're concerned, stay away. Mt Gox was the only USD/BTC exchange we recommended since they were verified against money laundering, for the near future, we're looking to alternatives.
In case you were asleep for the past few days, DogeParty happened in NY, there was a lot of shibery, some T-shirts, and a large amount of expenses. Let's go in depth with this a bit.
I'm not trying to say that DogeCoin should be all about the serious business stuff, let's just be prepared when people on wall street (where the party happened) ask serious questions. If you want to get new "Happy-go-lucky" people to join, go to somewhere there are already happy-go-lucky people, don't ask a bunch of suit-and-tie people to throw on a Shiba Inu mask and dance like a fool.
That being said, I noticed a lot of money went to pay for the party, but could not see where the expenses went, a few things were auctioned off, but of little actual retail value other than art, if we want to be taken seriously (by businesses) we need to demonstrate that we can be serious enough to have normal transactions.

Topic Change! - DIVERSIFY!


So stay away from these coins, they might sound great in some ways, but any coin that is that centralized (SoOOOo Snap...Shibe went there) has flags going up everywhere.

Much More!

Explanation of Current MAD Doge Status

Until Next time, here's a link to an awesome DogeCoin Video LINK
submitted by DRKMSTR to MADDOGE [link] [comments]

The 3 Billion Dollar Ponzi Scheme That Crashed Bitcoin Price Bitcoin is a Ponzi scheme Bubble Is Bitcoin A Ponzi Scheme? - YouTube Bitcoins is Ponzi Scheme as per Indian Govt - Bitcoin in Hindi Etherium and Bitcoin - Cryptocurency PONZI SCHEME?

Since the start of 2009, Ponzi scheme prosecutions have increased by nearly 50 percent, with much greater losses. Pre-Madoff. $8.5 billion. 301,000 investors in 195 cases. Post-Madoff. $31.1 ... Get the latest ponzi schemes news, articles, videos and photos on the New York Post. The pyramid scheme that lured new money into this scam is collapsing. When will bitcoin reach $0? I don’t know, although I did predict in another column that it would before the end of this year. r/Bitcoin: A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money … Ein Ponzi-Schema. Vielen Dank, dass Sie den Bitcoins Wealth Club Review gelesen haben. Wenn Sie Fragen haben, können Sie dies im Kommentarbereich unten tun. Wenn ich mir die Werkzeuge einzeln anschaute, entdeckte ich dies. So verdienen sie geld online: erfahren sie, wie sie mit meinem schrittweisen plan, ein website-portfolio mit einem passiven einkommen von 5.000 us-dollar pro monat (jeweils ...

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The 3 Billion Dollar Ponzi Scheme That Crashed Bitcoin Price

Bitcoin has been in existence for all of eight years but a debate is raging in the investing community: Is the cryptocurrency actually useful beyond just bei... In this video, I discuss whether or not Bitcoin is a Pyramid scheme or a Ponzi scheme. I conclude that it is neither, simply because: 1) Bitcoin is decentralized, not run by a corporation or ... Income tax department visited Bitcoin Exchanges and Indian Bitcoin traders get shocked again as Indian government has called Bitcoins a Ponzi Scheme. Our Expert Sachin Khatri explains in this ... Lies that stock market experts spread and fake media eat up. In August 1920 the „financial legend“ Charles Ponzi was arrested. In only a year he had taken in $20 million dollars from ten-thousands of victims. Often ref...