Stay away from Bitcoin crazy

[BAK]

Shukuru Mungu Mkuu.

Mi kunq jamaa alishataka kiniingiza na nikishakubaki. Nilichomoq dakika ya mwisho. Haikupita siku na serikali ikaipiga marufuku. Nilipomuuliza akasema hiyo ni vita ya mabenki hawataki coins kwasababu ni competitor wao. Nilipata ushauri kwa ndugu yangu yuko benki na kunizuia nisijiingeze kwenye huo mchezo maana ni version ya upatu tu. Na kweli ni kama ilinisaidia.

 

[PARADIGM]

Shukuru Mungu Mkuu.

Ahsante. Ila baadae akajiingiza mke wangu kwenye D 9. Nilimkataza hakutaka kunisikiliza. Matokeo walipata hasara na serikali kuipiga marufuku. Kila siku walikuwa wanadanganywa boss wa D 9 anakuja na ndo anasubiriwa. Mwishowe walijua kwamba ndo wameliwa.

 

[Yales]

Tatizo kubwa la Watanzania wengi ni kujifanya wanajua kila kitu hata yale ambayo hawajui chochote. Watawabishia hata wataalam waliobobea kwenye sector za finance na economy kwenye hii issue ya Bitcoin. Kaa mbali Mkuu na hii bahati nasibu ya upofu.

The last person into a speculative frenzy such as bitcoin never gets out before it's too late
Ron Insana | @rinsana
Published 20 Hours Ago Updated 20 Hours AgoCNBC.com

• I'm certainly more than a little miffed that I didn't follow the lead of one of my friends who bought bitcoin at $300.
• However, I'm also happy that I didn't follow another friend who got to the party just as the punch bowl was taken away.
• Trees don't grow to the sky, as they say on Wall Street. And the last person into a speculative frenzy never gets out before it's too late.

Christophe Morin | Bloomberg | Getty Images
A customer enters the offices of La Maison du Bitcoin bank in Paris, France.
A few nights ago I got a phone call from the mother of one of my son's friends. She is a child psychologist, and her husband works in IT for a major bank.

She had been discussing cryptocurrencies with her husband, and they decided it might be a good idea to consult with me before taking a flier on one or two of the lesser known cryptos that had not yet rallied as much as bitcoin, bitcoin cash, litecoin or ethereum.

I expressed my long-held concerns about this "asset class" and suggested that if they decided to invest (speculate) in the one or two they were exploring that they should do it with money they could afford to lose.

I looked at the two they were thinking of getting into, took $5,000 and decided that, what the hell, I probably should take a swing myself, knowing a few people personally who have made a fortune in bitcoin.

The two currencies I examined were priced in the pennies. I thought if I bought one of the least expensive offerings, I could control 50,000 coins. If it were simply to rise to $100 per coin, I'd gross $5 million. A king's ransom for a few days', weeks', months' or even a year's work.

Then I thought a little more. Having failed to make a Rip Van Winklevoss billion, as I slept through bitcoin's 10-year rally, I surmised that such a purchase on my part would absolutely mark a top in the cryptocurrency craze.

I've seen this movie before. At the height of the internet bubble, some of my colleagues and I were trying to decide if we should remain as business journalists on cable television, or join some of our colleagues in start-up dot.com ventures that focused on web-delivered business news.

Thankfully, many of us were bound to contracts and couldn't simply leave our posts to join the young and restless.

One of our colleagues, from another service, had joined a start-up business site and was worth $9 million the very first day that dotcom went public.

When he left a couple years later, that $9 million was worth about $100,000. In the interim, we had kept our jobs, gotten raises and bonuses and, most important, had dodged a bullet that all but killed those who ran to make their instant fortunes.

As I write this, bitcoin has gone through its fifth 30-plus-percent correction this year. While prices remain fluid, the main cryptocurrency has lost as much as 45 percent of its value this week alone.

In the "old days" we'd call that a crash.

The key question, now that we know that litecoin's founder dumped his whole stash; now that futures have made the price of bitcoin move in more than one direction; and now that the margin buyer has entered the market, is whether the bubble has burst, or if this is just the big pause that refreshes.

Certainly, the underlying blockchain technology is not only disruptive to financial systems, but also likely a transformational technology that will radically alter the speed, efficiency, cost and transparency around all manner of financial transactions.

But will cryptocurrencies themselves be a required component of this new functionality? The Federal Reserve and the Treasury can borrow the technology to create "digital dollars," which have all the attendant prerequisites to be considered legal tender.

As yet, bitcoin and other cryptos lack the three defining characteristics of money: a unit of account; a medium of exchange, and a storehouse of value.

Cryptocurrency enthusiasts argued that bitcoin and the like, at the very least, represented the latter, calling bitcoin "millennial gold."

Even that barbarous relic has had its share of speculative episodes, the most memorable in the 1970s and early '80s and then again in the mid-2000s.

Nothing goes up forever. Trees don't grow to the sky, as they say on Wall Street. And the last person into a speculative frenzy never gets out before it's too late.

Happily, I followed my own advice and didn't play this late in the game. I'm certainly more than a little miffed that I didn't follow the lead of one of my friends who bought bitcoin at $300.

However, I'm also happy that I didn't follow another friend who got to the party just as the punch bowl was taken away.

Andika unachokijua wewe kuhusu hio Coin sio kutoa Povu na Copy and paste mawazo ya watu wengine

 

[Kamukhm]

Naumia sana watu wanavyolizwa na haya maupatu.. Bitcoin, unregulated Betting na online Foreign exchange markets.

Naamini tutakuja kujuta mwisho kabisa tukiwa na njaa pesa hakuna... Imepungua katika mzunguko.. Na hii gaming board na serikali kwa ujumla wake ..watajibu tuhuma kwa kizazi kijacho.

 

[BAK]

Acha upumbavu wewe! Ndiyo sababu kuna wataalam mbali mbali katika kila Sekta muhimu duniani. Na wao ushauri wao husikilizwa kutokana na uzoefu mkubwa waliokuwa nao kwenye sekta husika.

Andika unachokijua wewe kuhusu hio Coin sio kutoa Povu na Copy and paste mawazo ya watu wengine

 

[Yales]

Acha upumbavu wewe! Ndiyo sababu kuna wataalam mbali mbali katika kila Sekta muhimu duniani. Na wao ushauri wao husikilizwa kutokana na uzoefu mkubwa waliokuwa nao kwenye sekta husika.

Sasa wewe hujui kitu waite hao watalamu tuongee nao kwa Hoja sio wewe Kilaza usio na Abc juu ya hili, Yani ni sawa wewe uagizwe kusemea mambo ya Engineering wakati umesoma Political science, Pathetic

 

[BAK]

Aliyekwambia sijui kitu ni nani ZWAZWA wewe? Unanijua mimi? Unajua niko katika fani ipi? Aliyekudanganya nimesomea political science ni nani mburula wewe? Au kwa kuwa naandika sana kwenye jukwaa la siasa? Acha kujibaraguza unanifahamu wakati hujui lolote kuhusu mimi mpuuzi mkubwa.

Ficha upumbavu wako hadharani.

Sasa wewe hujui kitu waite hao watalamu tuongee nao kwa Hoja sio wewe Kilaza usio na Abc juu ya hili, Yani ni sawa wewe uagizwe kusemea mambo ya Engineering wakati umesoma Political science, Pathetic

 

[Yales]

Aliyekwambia sijui kitu ni nani ZWAZWA wewe? Unanijua mimi? Unajua niko katika fani ipi? Aliyekudanganya nimesomea political science ni nani mburula wewe? Au kwa kuwa naandika sana kwenye jukwaa la siasa? Acha kujibaraguza unanifahamu wakati hujui lolote kuhusu mimi mpuuzi mkubwa.

Ficha upumbavu wako hadharani.

Ona sasa unavyotokwa na Povu sasa nikujue wewe utanisaidia nini kwa mfano? Afu Hio ya Engineering na political science nimetolea mfano sasa nashangaa mfano ndio unaubeba kama maudhui na kuutolea Povu, Wewe tulia kule kwenye siasa tu ukiendelee kumtolea Povu Mheshimiwa JPM huku kwa Bitcoin tuachie Wenyewe.

 

[BAK]

Kwa akili yako fupi huwezi ukaja na mfano mfu wakati hujui lolote kuhusu mimi. Ndiyo tatizo la kukurupuka kutaka kujibaraguza unanijua wakati hujui lolote kuhusu mimi au fani ambayo naitumikia. Acha kukurupuka na kurukia watu usiowajua kwa kupiga ramli zako.

Kama hujui kitu kwenye mjadala husika pita kimya kimya ili kuficha ujuha wako.

Na humu ndani huna mamlaka yoyote yale ya kumuamulia yeyote yule nini aandike au asiandike. Acha kujikweza kama vile una ubia na wamiliki wa JF.

Ona sasa unavyotokwa na Povu sasa nikujue wewe utanisaidia nini kwa mfano? Afu Hio ya Engineering na political science nimetolea mfano sasa nashangaa mfano ndio unaubeba kama maudhui na kuutolea Povu, Wewe tulia kule kwenye siasa tu ukiendelee kumtolea Povu Mheshimiwa JPM huku kwa Bitcoin tuachie Wenyewe.

 

[Hardwood]

Mujini ujanja ujanja Mkuu. Watu wameshatengeneza mabulungutu kupitia hii kitu, ila kama watu wengi watalizwa katika nchi nyingi duniani wanaweza kumfungulia mashtaka muhusika/wahusika ili wafilisiwe.

Identity ya muasisi wa Bitcoin haijulikani! Ana jina la kijapan but sura haijulikani!

 

[Yales]

Kwa akili yako fupi huwezi ukaja na mfano mfu wakati hujui lolote kuhusu mimi. Ndiyo tatizo la kukurupuka kutaka kujibaraguza unanijua wakati hujui lolote kuhusu mimi au fani ambayo naitumikia. Acha kukurupuka na kurukia watu usiowajua kwa kupiga ramli zako.

Kama hujui kitu kwenye mjadala husika pita kimya kimya ili kuficha ujuha wako.

Hahaha wewe jamaa huna lolote sasa nikujue wewe ili iweje sasa? Hujui hata mantiki ya kutumia fake ID? Next time uache kuokoteza Articles na Kuzi paste umu bila ata kuzipitia, Uache ujuaji wa kila kitu ambavo huvijui kaa kimya tuu.

 

[BAK]

Ndiyo tatizo la akili finyu, wapi nilipoandika mie najua kila kitu mburula wewe!? Huwa sikurupuki ninapoandika chochote humu. Na vile ambavyo sivijui kwa taarifa yako pimbi wewe huwezi kuniona huko hivyo acha uongo wako wa kudai kwamba mie nimewahi kuandika najua kila kitu. Eti tuachie Bitcoin yetu! Bitcoin yenu wewe na nani taahira wewe? Hivi unajua madhumuni ya JF kuwepo?

Narudia tena ujuha wako kaa nao mwenyewe siyo humu.

Hahaha wewe jamaa huna lolote sasa nikujue wewe ili iweje sasa? Hujui hata mantiki ya kutumia fake ID? Next time uache kuokoteza Articles na Kuzi paste umu bila ata kuzipitia, Uache ujuaji wa kila kitu ambavo huvijui kaa kimya tuu.

 

[Yales]

Ndiyo tatizo la akili finyu, wapi nilipoandika mie najua kila kitu mburula wewe!? Huwa sikurupuki ninapoandika chochote humu. Na vile ambavyo sivijui kwa taarifa yako pimbi wewe huwezi kuniona huko hivyo acha uongo wako wa kudai kwamba mie nimewahi kuandika najua kila kitu. Eti tuachie Bitcoin yetu! Bitcoin yenu wewe na nani taahira wewe? Hivi unajua madhumuni ya JF kuwepo?

Narudia tena ujuha wako kaa nao mwenyewe siyo humu.

Anyway wewe unanilia tu muda wangu unajua kama unaoga mtoni kichaa akachukua nguo zako then ukaanza kumkimbiza basi unaemkimbiza ndo unaonekana chizi. wacha nikuupuze

 

[BAK]

Litecoin Creator Sells Stake Citing 'Conflict of Interest' - CoinDesk

Identity ya muasisi wa Bitcoin haijulikani! Ana jina la kijapan but sura haijulikani!

 

[BAK]

Uache kukurupuka jua madhumuni ya kuwepo JF. Jua mipaka yako humu badala ya kutaka kujikweza kama vile una ubia na wamiliki wa JF kutaka kuwaamulia watu nini waandike au wasiandike. Huna mamlaka hayo humu, kupashana habari humu kuna umuhimu mkubwa sana ili kuwajuza Watanzania mambo mbali mbali duniani kupitia kwa wataalam waliobobea Kwenye sekta husika.

Anyway wewe unanilia tu muda wangu unajua kama unaoga mtoni kichaa akachukua nguo zako then ukaanza kumkimbiza basi unaemkimbiza ndo unaonekana chizi. wacha nikuupuze

 

[Hardwood]

Bitcoin and other cryptocurrencies haziwezi kufa but zitapitia mapito magumu sana mpaka ifike level ya kuwa standard medium of exchange ya dunia.

Cryptocurrencies ziko very volatile for various reasons but the major one being hizi cryptocurrencies ni decentralized and unregulated. Yaani ziko free kupanda au kushuka thamani bila kuingiliwa na serikali au taasisi yoyote!

Aidha, cryptocurrencies zinatumiwa na watu wengi sana kutengeneza utajiri wa haraka kwa kutumia speculation and arbitrage. Hii inasababisha bitcoin (major cryptocurrency so far) iwe na demand kubwa kuliko supply kwa sababu kila mtu anataka aimiliki for wealth creation through speculation. Financial instrument za aina hii zina tabia ya kutengeneza kitu kinaitwa BUBLE (kama povu la sabuni) kwasababu imebeba thamani ambayo kwa kiasi kikubwa ni hewa (yaani si thamani halisi). Shida ya buble ni kwamba it must bust one day isiyo na jina! Kwanini buble inapasuka? Kwasababu kuna taharuki fulani inaweza kutokea sokoni itakayosababisha kila mtu atake kuuza bitcoin zake. Hii itapelekea kuwe na sudden oversupply itakayosababisha bei ya bitcoin ishuke kwa kasi ya ajabu(sometimes to zero) na ikashindwa ku-recover mazima coz watu watakuwa wamepoteza kabisa confidence na hiyo bitcoin! Ili kuinusuru itabidi certain international body (say IMF) iingilie kati kwa kujaribu kui-regulate. But regulation ya bitcoin itapoteza ile dhima yake ya kutumika kama speculative financial instrument and thus huwezi tena kuitumia kutengeneza utajiri ya haraka! Hapo ndiyo itarudi kuwa kama conventional currencies kama TZS na US Dollar!

 

[nigga357]

Mkuu BAK naamin kabisa wewe ni mtu smart sana,

Na kabla ya kufanya chochote huwa unajiridhisha kwanza kwa data na kautafiti kidogo,

Unanisikitisha sana unaposema huu ni utapeli,

Nilitegemea ulete graph za bitcon kila mwezi december na january ili ulinganishe na kinachoendelea sasa

Mwishoni mwa mwaka na mwanzoni mwaka bitcon huwa inashuka sijajua kwanini

Kiuhalisia bitcoin huenda mpaka April 2018 itakuwa ipo juu sasa probably $30000,

Nakwenda kukutafutia data sheikh wangu

I agree with you by a 101%

 

[BAK]

BaFin, European Union
There’s been a string of warnings by regulators for investors in digital coins.

“We are seeing a rapid rise in value, which hides the risk of rapid losses,” Bundesbank board member Carl-Ludwig Thiele said in a Euro am Sonntag report. He said there is a wide debate going on about the use of digital central-bank money in a closed system, but that he doesn’t currently expect it’s introduction.

Felix Hufeld, president of German banking supervisor BaFin, advised consumers that trading in bitcoin would produce “bitter losers” and could result in a “total loss,” in an interview with German newspaper Bild.

EU Warning
That echoed comments three days ago by the European Union’s financial-services chief, Commissioner Valdis Dombrovskis, who asked the heads of the EU’s three financial supervisors to update their warnings to consumers “as a matter of urgency” in light of recent market developments, according to a letter seen by Bloomberg.

In past years, central banks and the commercial lenders they oversee have made strides to curb money-laundering through greater transparency rules, only to see anonymous transactions explode in the nascent cryptocurrency industry -- under names like Verge and Zcash. Their admonishments this month haven’t stopped double-digit rebounds.

“Huge rises and sudden, spectacular setbacks wouldn’t surprise me going forward,” ADM’s Ostwald said. “The worry is going to be, at some point, the pips are going to start squeaking.

Retail investors losing money will ask, ‘Why aren’t you intervening to help me? And the answer is going to be, ‘Well, this is a casino. On your head, be it.’ ”

For related news and information:
XBT Curncy GP <GO>
VCCY <GO> for a cryptocurrency monitor

— With assistance by Katharina Rosskopf

 

[Freema Agyeman]

Update Dec 22, see below link.

Bitcoin and almost every other cryptocurrency crashed hard today

 

[Chamoto]

Update Dec 22, see below link.

Bitcoin and almost every other cryptocurrency crashed hard today

BAK
Bitcoin prices climbed back above the $15,000 mark Saturday following a steep decline Friday when the cryptocurrency shed about a third of its value.

Bitcoin rebounds after serious slump