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Bitcoin - Part 2

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I would find it interesting if anybody could produce an accurate financial model which could have predicted today's fall of nearly US$400 in less than five minutes. Why today, why that particular five minutes?

Bitcoin is still in Cowboy country.

Norm
 
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I'm very near to having decent model. It works like this. When I buy, the price drops. When I sell, it skyrockets.
There is still some fine tuning though. Like the recent drop. I didn't buy. I wanted thought (my post 3734). If I had some cash on exchange, I would.
If I could recognize the feeling without actually buying, that would be even better :-D
 
Dr.Sid said:
I'm very near to having decent model. It works like this. When I buy, the price drops. When I sell, it skyrockets.
There is still some fine tuning though. Like the recent drop. I didn't buy. I wanted thought (my post 3734). If I had some cash on exchange, I would.
If I could recognize the feeling without actually buying, that would be even better :-D
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You're almost as big a jinx as I am. :D
 
Mystery as Quadriga crypto-cash goes missing

Efforts to recover millions in crypto-cash from the digital wallets of a man who died without revealing passwords to access them have hit a snag.

The wallets have been found to be empty.

The discovery was made by a firm appointed to oversee QuadrigaCX after the death of founder Gerald Cotten.

It expected to find the wallets full of C$180m ($137m; £105m) in crypto-cash deposited by the coin exchange's customers.
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https://www.bbc.co.uk/news/technology-47454528
 
Captain_Swoop said:
Mystery as Quadriga crypto-cash goes missing



https://www.bbc.co.uk/news/technology-47454528
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Is anyone shocked by this news?

I'm not sure what my favorite theory is, so far I have three:

1) dude faked his death and ran with the money

2) Dude actually died and someone else used it as an excuse to clean out the accounts

3) he actually died or faked his death and the company is using the "wallets are lost forever" excuse to hide prior mismanagement or losses.
 
Captain_Swoop said:
Mystery as Quadriga crypto-cash goes missing



https://www.bbc.co.uk/news/technology-47454528
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Good Article. It looks as if he was trading with his customer's BTC. I believe Mark Karpeles was doing the same thing with MT Gox funds. Trading in secret as "Fontas" on the BTC-E site.

That strategy may have worked until the price of BTC dropped and the trader was left short. An exit strategy is a must. "We were robbed" can lead to jail time so I'm betting "He's dead" is likely a cover story.

There is an Indian death certificate, but money can buy a fake death and a real body to go along with it. India seems like a prime location to buy a fake death. He's likely alive.

Chris B.



Yep, he was trading: https://www.ccn.com/quadrigacx-exposed-founder-allegedly-traded-8-million-in-bitcoin
 
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Comments on a Register article
https://forums.theregister.co.uk/forum/all/2019/03/07/quadrigacx_crypto_wallets_empty/

I mention just for the delightful
Bitcoin, like most kleptocurrencies, is entirely transparent as far as the funds associated with each public key. Presumably they needed access to the wallet file to confirm those public keys, at which point they could check how many dunning-krugerrands the wallet contained, but you only need to know the private key if you want to move the funds.
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