Another Bit Coin Market Devoured By Wolf Pack, In Canada, Another Operator In Singapore Is Dead

Screen shot 2014-03-06 at 12.24.00 PM

Bitcoin Charts / Charts

Canadian police investigating cyber attack after online bitcoin bank Flexcoin folds this week.  As I said previously, wolves are hunting down all bitcoin exchanges and raiding these.  Then there is this news about Autumn Radtke, 28, CEO of First Meta bitcoin exchange found dead in Singapore supposedly suicide.  If so, I am betting that exchange has been devoured, too.

 

Here is yet another story about bitcoins that shows how murky, paranoid and vulnerable the creation of this fanciful ‘money’ has become:  Has Bitcoin’s founder Satoshi Nakamoto been found in California? Some Japanese guy who used to program for the military/industrial complex, no less.  The fantasy world was all about how secure and tricky and honest this fake money was but it turns out to be wildly off base.

 

It is like drug dealing: buyer beware and ripoffs are de rigueur.  And enforcement is via murder.  When everyone is either a user or a dealer and stealing is more profitable than purity, with everyone basically anonymous, using street names and vengeful, we get the mess that bitcoins are in today.  As the bad news grows, desperate users are trying hard to hang on.

 

We see from the chart above that the green days were the vast majority when the buy mania began.  But since February, red sells dominate.  Shooting upwards, soon it will be nonstop red ink.  With a pack of wolves systematically hunting down all exchange platforms, the only thing holding up the value at this point is probably the wolf pack not selling their loot to addled fanatics.

 

Unless, and this is most likely, the wolves are killing the captured coins and leaving bones of the exchange hosts behind.  The guy in Japan running the raided exchange will be killed by the Yakuza.  The business is now being regulated there:  News: Japan may tax bitcoin deals, stop banks, brokerages from handling.  So much for the fun and games.  Maybe time to by some Beanie Babies.

sunset borger

 

side picture begging boneEmail:

emeinel@fairpoint.net

MAILING ADDRESS:

EMS NEWS

P.O. BOX 483

BERLIN, NY 12022

Make checks out to ‘Elaine Supkis’

Click on the Pegasus icon on the right sidebar to donate via Paypal.

 

 

sunset borger

 

6 Comments

Filed under .money matters

6 responses to “Another Bit Coin Market Devoured By Wolf Pack, In Canada, Another Operator In Singapore Is Dead

  1. ziff

    these set backs [and there have been many] seem to make it stronger, bounced up to 600$$ , can you believe it? how much for the angel on the head of this pin?

  2. emsnews

    That is just frantic efforts to keep it going. They are pouring real money down this rabbit hole that obviously is occupied by a very nasty wolf pack.

  3. Jim R


    and the paparazzi have latched on to some poor guy with the same Japanese surname as the one (widely believed to be a pseudonym) on Bitcoin’s initial proposal. With no evidence at all, they are stalking him and harassing him for an interview.

    It’s like they found Joe Smith … people say he’s really smart, and he used to work for a defense contractor. So he must be the one!!!1!1!

  4. It is now said that she jumped from a 25 story high rise. Someone wants high ranking financiers dead.

  5. emsnews

    Jumped or pushed or there is no bitcoins in the wallets she supervised. I am betting on the last.

  6. It is true that, we can sell a home on the internet through the Web along with web gives us plenty of home elevators buying and selling home. Easily we can get exact information through internet. It makes as easy as possible. I like this posting. Thank you for sharing with us. Bitcoin ATM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s