Bitcoin is back in the news, as some moves cause the value to rise again in November to over 400 USD.(http://www.coindesk.com/price/) Speculations on different causes exploded in the bitcoin and financial communities, and of course the bitcoin demise profeets made a comeback to once again declare that this is a.. bubble! a ponzi scheme! that it …
As you may know, I’ve been doubling with HYIP Websites for the last few months. Just as the name implies, these are risky programs and are close neighbors (for the most if not the whole part) of the Ponzi Scheme. And, as it turns out, the summer months (June-July-August) are the dry and riskiest season …
Bitcoin is about to take a hit. It is already declining in value due to the news. The news are simple: on June 27th, the Federal Bureau of Investigations will sell the Bitcoin that’s been seized from the wallets of Ross Ulbricht who’s suspected to be the alleged “Dread Pirate Roberts”. The huge bitcoin loot amounts to …
Lately, I’ve been doing a lot of looking and checking out of this somewhat unknown and dark-ish field of High Yield Investment Programs, or HYIPs for short. I even wrote a post about Leancy, the now closed but still well remembered and very successful at the time. It introduced a slick interface, live accrual of …
Since I wrote my bitcoin article, the BTC to dollar rate zoomed up more than 10 times its value then. From about 16 USD per coin, to about 190 USD per coin. Some say it’s a bubble ready to burst. But there are very legitimate reasons for this spurt. People are tired of banks sucking …