Bitcoin investors suing over losses


CHERYL: BITCOIN A BOOM OR A BUS. CURRENTLY LET’S TAKE A LOOK OVERNIGHT TONIGHT. 16,610. 10,000 TO 20,000. WE NEVER KNOW WHERE BITCOIN WILL SHOULD INVEST IN A DIGITAL ASSET. A FOUNDING PARTNER FOR THE CLASS-ACTION LAWYERS. GOOD MORNING.>>GOOD MORNING, EVERYBODY. CHERYL: I REALIZE HE’S GOT A LOT OF LAWSUITS REGARDING BITCOIN. EXPLAIN TO US THE BIGGEST RISK IN YOUR OPINION ESPECIALLY AFTER TALKING WITH YOUR CLIENTS.>>IT’S TALKING WITH MY FAMILY AT EVERY HOLIDAY MEAL THIS WEEK. EVERYBODY IS HAVING FEAR OF MISSING OUT AT THE MOMENT ARE BITCOIN, LIKE GOING. IF YOU’RE GOING TO GEMINIS WITH THE TWINS. AND WHERE YOU DO YOUR BANKING IS VERY IMPORTANT. CHERYL: YOU AND I HAVE NOT TALKED ABOUT BITCOIN.>>THEY NOW SAY IS THESE THINGS WORK BECAUSE THEY HAVE VALUE. REMEMBER THAT. DAVID, LACUNA THE RULES HERE, YOU ARE DOING QUITE A BIT OF BUSINESS IN CRYPTO CURRENCY. YOU ARE SUING SOME OF THESE BOTTOM LINE, WHAT IS THE BIG PICTURE HERE.>>THE BOTTOM LINE IS PRETTY SIMPLE. THE POWER OF THE NETWORK. IF ONLY ONE PERSON HAD BITCOIN AT NOT INSOLUBLE. 10 YEARS AGO WAS ONLY WORTH A COUPLE DOLLARS. PEOPLE START FLOODING THE MARKET THEY WILL HAVE MORE VALUE. WHETHER YOU BELIEVE WINKLEVOSS TWINS WILL REPLACE GOLD I CAN TELL YOU THAT. I’M A KIDS SOCCER GAME LAST WEEKEND THE HOLIDAY TABLE, I MISS LIVING IN NEW YORK FOR THIS REASON BECAUSE THE TAXICAB DRIVERS KNOW EVERYTHING. TELLING ME ABOUT THE PRICE OF BITCOIN AND WHERE IT GOING AND THAT MEANS EVERYONE IN EVERYBODY WANTS TO BE IN THE SPACE RIGHT NOW AND PEOPLE RUSH IN AND THE PRICES WILL GO UP.>>JAMES FREEMAN AT “THE WALL STREET JOURNAL.” YOU LIKE TO LOOK FOR THOSE FEW PROFITS. I DON’T SEE THEM IN THESE EXCHANGES. IS THERE A LOT OF MONEY FOR YOU TO EXTRACT OR DO YOU HAVE TO BASICALLY TAKE PEOPLE’S ACTUAL COINS AND IS THAT TOUGH TO DO? LARGEST IN THE U.S. WHETHER COIN BOYS OR GEMINI, THEY ARE DOING OVER THE SUMMER IS A LIFETIME. THEY RAISED OVER $120 MILLION IN THE BILLION DOLLARS VALUATION. COMING FOR THESE EXCHANGES AND PUTTING MONEY INTO IT, THE VALUATION IF YOU LOOK AT DOUBLING OR TRIPLING GIVES CLAIM BASED IN THERE AND NOT THE BIGGEST EXCHANGE IN THE U.S. THE EARLY ADOPTERS AND THE TECHNOLOGIES FORTUNATELY SOME OF THE PEOPLE HAVE LOST THE MOST AMOUNT OF MONEY. CHERYL: DO THEY WANT ACTUAL CASH VALUE BACK? WHAT ARE YOU SUING FOR?>>SO WE ARE GOING TO A COURT OF WE ARE SUING MOST OF THE SCHEME FOR PRECISION SO THAT THE CLIENTS CAN GET THEIR PROPERTY IRS COME THE CFTC THE FCC, THEY CHANGE WHETHER IT’S PROPERTY, CURRENCY OR COMMODITY. RIGHT NOW MY CLIENTS I CAN TELL CHERYL: IF YOU’RE SOMEBODY WHO WILL INVEST IN SOME TIME, YOU’VE GOT ANOTHER RISK. YOUR CLIENTS KNOW THE REST GOING IN, ESPECIALLY REPRESENTING SOME ALL THESE EARLY ADOPTERS WHETHER ANARCHISTS, LIBERTARIANS, NONE AFTER THE BANKING COLLAPSE IN 2008. IRONICALLY WHEN THE MONEY STOLEN THEY ALL WANT THE INTERVENTION. I CAN TELL YOU THAT. RIGHT NOW WE ARE SUING THE DEFINITELY A PROBLEM. IN FLORIDA IN HISTORIC RULING REALLY GOT 11,079 WORTH A LOT OF MONEY. TRADE TO WHAT IS SO INTERESTING THAT SOMEONE SAID YOU’VE GOT PEOPLE LIKE MORGAN STANLEY IS VISA. THIS IS THE LEDGER TECHNOLOGY BEHIND IT, THE TRADING OF IT IS ONE OF THE LARGEST CAPACITY IN 2018. 60 SENATORS RENTED OUT TO BUSINESSES. THERE IS A LEGITIMACY IF YOU WILL TO THE OTHER SIDE OF THE TECHNOLOGY.>>ABSOLUTELY. THE UNDERLYING TECHNOLOGY AND THE CURRENCY TRADING IN DIFFERENT CRYPTO CURRENCIES. AND HER BLIND TECHNOLOGY, THE PUBLIC LEDGER THAT IBM WAS AN BUSINESSES ARE MAKING THE EVERYTHING. CHERYL: THANK YOU VERY MUCH. REALLY QUICK, AND THIS IS THE RIGHT DECISION FROM THE INVESTORS. YOU’VE GOT THE FEATURES TRADING BUT AN INVESTMENT BANK.>>TWO QUICK POINTS. THIS INVOLVES TRANSACTIONS OF THE POSSIBILITY TO BECOME PART OF IT. I’VE TALKED TO PEOPLE WHO RUN PHARMACEUTICAL COMPANIES. ANYTHING THAT INVOLVES TRANSACTIONS CAN INVOLVE BLOCK CHAIN TECHNOLOGY. GETTING BACK TO BITCOIN PARADIGM WAS THEIR BITCOIN IS IS THE BIG VIABLE INCUMBENT. GOLDMAN SACHS ANNOUNCING THAT IT’S REAL CUTE, BUT HERE. YOU’RE A BIG CHART CRYPTO CURRENCY COMING OUT WITH TO FIGURE OUT THE FINANCIAL TRANSACTIONS. THIS IS A NEW STANDARD. YOU’RE RIGHT. IT’S GREAT. ADAM: SAID THAT. 20 CRYPTO CURRENT NEEDS.>>GOLDMAN DID NOT GET INTO THIS TO PLAY FOLLOW THE LEADER.

55 thoughts on “Bitcoin investors suing over losses”

  1. It's less than that.
    Bitcoiners are so angry. Why? Fad trading. Smart money is not going to continue this trend. Smh

  2. If any Large government or bank wants to create their own crypto it would only legitimize bitcoin and people would use the ever present bitcoin over whatever that government or bank wants to create because all banks and all governments will not agree to all use the 1 coin they will all want their own coin ontop. So the consumer will be the driving force and the consumer prefers bitcoin.

  3. 7:15 what there will be 20 cryptocuurencies behind bitcoin? "Only game in town" . That was a joke right. Hahaha. Fox Business have to up their game.. They are already more than 14 hundred cryptos in December to 2017!

  4. “They’ll be 20 others coming after Bitcoin”… hahaha. Fuck, get some educated people on a subject, if you wanna discuss it, but then again, it is Fox.

  5. Bitcoin is monopoly game money. Who didn't love those fake dollar bills and wished they were real..right kids?!
    Crypto currency is just that like only this monopoly currency has horns on it!

  6. When your watching a video and that point you release these people talking to the general population have no idea what they are talking about. At the end for example he said watch goldman will come out with their own coin….well done very on the ball since every single company is releasing their own coin. Every new coin that comes onto the market is the new bitcoin but as always bitcoin drops in price for about a week then rebounds and stays the strongest.

    Would anyone want goldman Saches having control over the largest cyptocurrency? They have a track record that does not put them in a good or moral light.

  7. The phrase in investing is " Left holding the bag" You guys should look it up, because that is what this pump and dump scheme is going to end up leaving a lot of people.

  8. This is the real issue….bitcoins may have a limited quantity of coins ever to be produced but like they said there is no limit to the number of crypto currencies that will be created.

  9. Do you sue casinos as well when you loose? So stupid. if you don't have the money to spare. Do not gamble them away. bitcoin / crypto currency are a gamble!

  10. Don't have value?
    The math to create a bitcoin is the value.

    The math will become more and more complex as time goes on.
    As it dose, the value of each bitcoin will increase and thus scale with the work needed.
    7,200 Bitcoins to do the math today = x$10,000 = $72,000,000 
    As the math becomes more complex it is because of more use.
    More use = higher bitcoin value, 15 Million bitcoins x $30,000 = 450 Billion USD.

    If the price of a bitcoin increases to $300,000 then wow.
    (4.5e+12 I don't know the value, but google should and it don't.)

    The cost to keep track of this kind of math is insane.
    25 bitcoin x $300,000  = 7.5 Million dollars a day. (7,200 x 300,000) But also there should be less bitcoins awarded in future.
    People are making bank if you know how many bitcoins will be created in the future, 7,200 / day – who knows if that stays constant.

  11. <facepalm> Bitcoin isn't an investment. It isn't a security. It is a currency, and not a good one at that. Who the hell are you supposedly even going to sue? Utterly clueless.

  12. Bitcoin was doing just fine until Wall Street produces futures on the side. Then the plunge hit. It’s Wall Street that saw all the people investing in something that they wanted to get hold of that money, hence the futures. That was all announced a while back. People should have bailed then and took their profits. OR ride this out and watch bitcoin come back and continue to get huge. It’s a gamble, so be careful. Don’t be a pig. Pigs go to slaughter. Take a little and reinvest.

  13. When hype like this comes in you already missed the boat. Bit coin is not the only bubble about to pop. Think obama will still take credit for the economy after it goes belly up.

  14. A dushbag lawyering gangsters should be banned by the law and send to clean parks and dig trenches for the people's good

  15. It's a crap shoot. Which means only the house will win in the end.
    The unredeemed (1/2 of the market stored – never traded yet ) start up bitcoins
    have complete leverage if they are ever used.

  16. bitcoin paid off my school loan, just two coins purchased in 2013 I even lost 20,000 on the slide down so I'm all for bitcoins as it will stabilize.

  17. Teeka Tiwari predicting bitcoin will be at 25000 this April. He was always right https://www.youtube.com/watch?v=pmUnbMJtIbg

  18. Really, you make a bad investment, buy at the wrong time, sell at the wrong time and then you want to sue … Somehow that just doesn't feel rational to me. If you loose your ass because you gambled your money, do you have a right to sue? I think not.

  19. Lol crypto is meant to be decentralised media are fucking cucks who don't know shit, no one would buy goldman Sachs coin because they would own all of it. Fucking clueless retards.

  20. This slimy lawyer disgusts me…. he is talking about suing the exchanges… no exchange makes people buy btc…. greed did that. These reporters know NOTHING, there is already competition with bitcoin….1500 cryptos !!

  21. TELCOIN no RESENT mention of TELCOIN ??? whats up with that ? :).. less then 2 months old and the biggest unvalued pre-binance listed coin there is….. please look into the latest news on TELCOIN as they dont push out fake media hype so can go unnoticed …..we all value your opinion,, but i think alot of people are sleeping on what this team is doing ….. they dont market and promote they just crack on and build there company.. people should understand they are currently testing there poof of concept with big major mobile phone Telco companies, Telcoin have NDAs with the telcos so they can't announce there partnerships until later in Q2..
    The TELCOIN team is about to list new exchanges in march.. (as per road map) and were invited to present there coin at the latest world telco GSMA summit…. GO TELCOIN 🙂 CHECK THEM OUT

  22. Did people hear him? They have $200,000,000 valued in bitcoin but can't collect it. And people will still spend dollars to buy digital bitcoin. I am going to make a currency too; send me all your dollars and I will email you a ledger with some numbers on it. Hurry, this offer will not last long. Get in on the ground floor and you too can be a billionaire.

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