Bitcoin news!

[scooterscot]

Lots of crimes are hard to prove. But enough people would want to avoid breaking the law (for whatever reason) that it would be a killer blow to crypto. And some people would be caught when attempting to buy / sell / trade.

It would seem Fiat currency remains the preferred method for criminals

[Old Greg]

It would seem Fiat currency remains the preferred method for criminals

A statement that is irrelevant to:

Evil Govt could criminalise holding, buying, selling or trading crypto if it wanted, as a measure against organised crime and tax evasion. Maximum 10 year sentence would dent the price.

[DealorNoDeal]

Current price is about $192, so assuming average entry price of $186, ether is up about 3%. Which means the 3x short must be down about 10%.

Ether jumps to $197. 3x short now down 18%, or a $40,000 "paper loss".

I'd be feeling

[DimPrawn]

Ether jumps to $197. 3x short now down 18%, or a $40,000 "paper loss".

I'd be feeling

Ethereum is at $246 not $197?

[AtW]

How this short even works?

[AtW]

Ethereum is at $246 not $197?

He probably meant £

[AtW]

Ether jumps to $197. 3x short now down 18%, or a $40,000 "paper loss". I'd be feeling

It’s only fiat loss tho, not tulipcoins

[DimPrawn]

Think of the Satoshi value! Lambos!

[Old Greg]

It’s only fiat loss tho, not tulipcoins

It's not any kind of loss. It's just another member of the Pooper Zombie Portfolio.

[DealorNoDeal]

Ethereum is at $246 not $197?

Yes, just realised I was looking at price in £ not $. It doesn't make much difference though because it's still up about 6%, against $, from scoot's entry price. Which means the 3x short is down nearly 20%.