Bitcoin plunges $1,000 in less than an hour.
Feds moving quickly to cash in on seized bitcoin, now worth $8.4 million.
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Paging Mr. & Mrs. Watanabe, you're wanted for being clueless investors ...
ReplyDeleteZero Hedge article:
http://www.zerohedge.com/news/2017-12-14/one-bank-believes-it-found-identity-who-propping-bitcoin-market
"... as Deutsche Bank reveals in a new report by Masao Muraki, 'Japanese men in their 30s and 40s who are engaged in leveraged FX trading (or who used to trade but have stopped) are driving the cryptocurrency market' and who according to DB, happen to be more or less idiots, arguably because for the time being they are outperforming every other asset class ... in history, to wit: 'Japanese retail investors are less financially literate than their US peers across all age groups. Compared to the US, financial literacy is particularly poor among people 35-54 years of age. The poor literacy of Japanese retail investors also stands out beside UK and German investors.'"
THE FOOLS, THE RICH FOOLS. :-)
Although the valuation is making it possible to move more money around in previously unprecedented ways, not just to avoid retail and high commercial FX fee schedules ...
Global News Canada,
"Long Island woman accused of laundering Bitcoin, other currencies to help ISIS":
https://globalnews.ca/news/3918333/long-island-woman-laundering-bitcoin-isis/
OH YEAH I'M SURE IT'S NOT WHAT IT LOOKS LIKE. :-)
Aw yes those rich fools. Printing money out of thin air. The stuff of government envy.
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