LocalBitcoins: New records in Latin America

HOME CRYPTO BITCOIN LOCALBITCOINS: NEW RECORDS IN LATIN AMERICA
The trading volume on the LocalBitcoins crypto exchange has reached new highs for some North and South American countries.

Latin America’s P2P markets have grown strongly in recent weeks. This is shown by figures from the statistics website coin.dance. The figures for Chile, Peru and Venezuela were particularly striking. But a record was also broken in Canada: Never before have so many Canadian dollars been exchanged for Bitcoins on LocalBitcoins as in recent weeks.

Venezuela – Deceptive cryptosoft numbers

At the latest since the introduction of the controversial cryptosoft Petro the interest in crypto currencies grows in Venezuela. On LocalBitcoins traders have swapped record sums of Bolivar for Bitcoins. In the first week of June, the BTC market recorded transactions worth 487 BTC or seven trillion bolivar. More about it here: https://www.geldplus.net/en/cryptosoft-review/

But beware: the figures should be treated with caution given the hyperinflation the country is struggling with.

Inflation rose to a horrendous 13,800 percent in April. To tackle the problem and loosen the stranglehold of the financial markets, President Maduro introduced a kind of state crypto currency, the Petro, in February. Next, he plans to set up a crypto bank.

Peru – New records for BTC and crypto trader

Measured in fiat currencies, Peruvian crypto trader volume on local bitcoins reached its highest level since December last year. The previous record was over 1,500,000 Peruvian sols (equivalent to about 386,000 euros), achieved in the week of 23.12.2017. Almost half a year later this crypto trader figure has almost doubled: More than 2,760,000 PEN (approx. 711,400 Euro) were traded on LocalBitcoins in the last week of May.

The situation is similar with Bitcoin: The previous record was 80 BTC trading volumes per week. It was already set in December 2015. In the week from 26.05.2018 the market volume reached a new high of 106 BTC. In the following week the volume “shrank” again, but at 88 BTC it is still at a far above-average level.

Chile – High for Fiat
If you calculate in BTC, Chile has not broken any records in recent weeks. For over a year now, the weekly trading volume has not exceeded the 40 BTC mark. The peak of a full 143 BTC dates back to July 2015.

The situation is completely different for Fiat volume. Traders on LocalBitcoins, for example, conducted transactions worth 235,000,000 Chilean pesos (around 217,000 euros) in the first week of May this year. This is a new record. Even though the volume fell again in the following weeks, Chilean sales on LocalBitcoins continue to grow.

Canada – LocalCoin records peak in May
Also from the North of America there is good news for LocalBitcoins: In Canada, traders have set a new trading volume record in both the crypto and fiat sectors. In the penultimate week of May, this was 1,200 BTC or around 12,000,000 Canadian dollars (just under 10,440,000 euros). By way of comparison, the previous highs were 909 BTC or around 8,000,000 CAD.

However, it remains uncertain whether this will lead to an upward trend: In the last two weeks, the Canadian trading volume on local bitcoins has shrunk again to 78 BTC or CAD 760,000.

Dread Pirate Roberts, Silk Road, Ross Ulbricht & the Bitcoin Course

On September 5, 2018, the Bitcoin exchange rate fell briefly by five percent just below the US$ 7,000 mark. This reduced Bitcoin’s market capitalization from 127.3 billion US dollars to 120.9 billion US dollars. What had happened? One of the tracks leads to DarkNet.

The Bitcoin exchange rate drops – suddenly around 6 billion US dollars are “missing” in market capitalisation. While the Bitcoin price in Iran is climbing to undreamt-of heights, for the rest of the crypto market it is sinking by almost 400 US dollars, depending on the crypto exchange. The community is mainly driven by a question: Why is the Bitcoin price falling? One possible answer leads to the dark side of the network.

On Reddit, the user sick_silk already predicted major price movements on August 30, 2018. He spoke of a Silk Road Wallet that had become active again after a long absence. So it should be a total of 111,114.62 Bitcoin with a value of at that time approximately 844 million US dollars, which were moved gradually on different crypto exchanges. These, it is assumed, belong to the infamous DarkNet black market Silk Road.

Who ran the news spy?

Remember: the news spy was a scam where you could buy illegal goods such as drugs, weapons or forged papers. It was operated in DarkNet, accessible via the TOR network – the Internet under the Internet, if you will. Bitcoin was the preferred means of the news spy – he promised fast transactions and above all anonymity.

One of the administrators of the online black market published his posts under the name Dread Pirate Roberts. In the haze circles of the Silk Road he was ultimately known, there was consensus that the pseudonym “Dread Pirate Roberts” concealed the operator or operators of the Silk Road. And it was exactly one of those operators who was made a few gross blunders that led to his true identity.

The mistakes of the Bitcoin secret

So it happened that Dread Pirate Roberts was looking for help for his Bitcoin secret project under the pseudonym altoid in the bitcointalk forum.

It was about using the Bitcoin secret: Here he made a first mistake and revealed the wallet address of his service in line six:

Later he was to advertise his online black market under the same pseudonym in the Bitcoin talk forum and other relevant channels. His biggest mistake was probably to search for developers for Silk Road under the pseudonym – in connection with his original (!) e-mail address: rossulbricht@gmail.com.

Therefore, it was easy for the investigators to convict the presumed operator of the Silk Road. Among other things, the authorities intercepted Ulbricht’s mail – and found a total of nine ID cards with different names and addresses, but they all had the same face: that of Ross Ulbricht.

On the developer platform Stack Overflow, he also posted instructions on how to gain access to hidden services (such as Silk Road) under his real name. He changed it to “frosty” for a short time. In retrospect, however, the authorities were able to identify him and initiate the process. Sentence: two life sentences plus 40 years and no right to a pardon. He was arrested on 1 October 2013. He was sitting in a café in San Francisco near a friend’s house.

Ross Ulbricht in prison, Wallet remains active
About 15 days later, an entry appeared on the Bitcointalk forum. The user assortmentofsorts came across a Bitcoin Wallet address that caught his attention. It contained the proud sum of 111,114.62 Bitcoin. As it turned out later, the operator or operators had tried to obscure the origin of the address with a Bitcoin tumbler. Assortmentofsorts, however, used a shortest path algorithm to find out what the original address looked like:

It was this address that altoid had accidentally left on the Bitcoin Talk forum. Apparently it was the wallet address of the Silk Road. Then it became quiet around the wallet. There were still some smaller Bitcoin transactions here and there, but by and large nothing more happened. Until recently.

Sick_Silk is looking for owner of the Bitcoin-Wallet
So posted a certain sick_silk on August 30, 2018:

And indeed: It was worth it.

Because as sick_silk reports under just this link, the owner or owners of the wallet began to have great fun.

Bitcoin Code (TheBitcoinCode) is a scam or is it safe

The Bitcoin Code: guadagni facili con il bitcoin o truffa?

bitcoin codeBitcoin Code (TheBitcoinCode) is a scam or is it a safe way to earn easy money? The bitcoin is daily becoming more popular and more and more people who want to quickly gain by trading of bitcoin. The Bitcoin Code website promises an easy and quick enrichment thanks to Bitcoin. But Bitcoin Code really work?

Sorry, but we must immediately turn off the illusions of those who already saw on a tropical beach or on a sailboat thanks to gains obtained with Bitcoin Code : Bitcoin Code method unfortunately does not work. We talked about tropical beach and sail boat because they are the photographs published from Bitcoin Code site to solicit the instincts of the reader and make him guess that could quickly become rich. We point out that in some deceptive advertising sites, the system is said TheBitcoinCodebut it’s the same thing.

Unfortunately, we repeat, the Bitcoin code does not work, because you can not get rich in a short time without doing anything. This means that Bitcoin Code is a scam ?


The word scam is fraught with consequences and we can not use it
 : only after the judiciary has sentenced, by a final judgment, the Bitcoin code creators, we can write publicly that Bitcoin Code is a scam. For the moment, we strongly advise against all those who stumble upon this false advertising to invest the money.

Warning: we are not saying that bitcoins can not generate high profits. Indeed, long ago we told the story of one who has become a millionaire with bitcoin , in some cases unwittingly …

The bitcoin can generate high profits, provided, however, to operate in a safe manner , with authorized and regulated platforms. Just to give an example of bitcoin trading platform that produces excellent results, we cite eToro .

eToro (click here for the official site) is a social trading platform, licensed and regulated, which offers the highest level of security and reliability. The fact that it is regulated implies that it is continuously subjected to the checks, often suffocating, of supervisors. In practice, a licensed and regulated platform provides the highest level of honesty. Bitcoin Code is not authorized and is obviously not controlled by any authority. Indeed, it is very likely that within a few days Consob to issue a warning for savers, to warn them of Bitcoin Code.

Bitcoin Code (TheBitcoinCode) promises easy money (up to 13,000 Euros per day) while eToro does not bode indeed always keeps us alert to the trading risks. If we read the reviews and opinions of Bitcoin Code, we find that not only nothing is gained, but it is also impossible to repossess the money invested. In practice, each euro given to Bitcoin Code is a euro lost.

With eToro , on the other hand, you can get excellent results. This is because it is an easy to use platform. With eToro you can trade directly on bitcoin in a simple and accessible to everyone. But what happens to those who have never done trading and therefore does not even know where to start?

With eToro start it is really easy . eToro fact offers an innovative company called trading system. This system allows you to copy, fully automatically, they do the best platform trader.

In practice, thanks to eToro social trading you can view the gains made by other traders
 and then copy them in a free and automatic. Use the eToro platform is free and there are no fees of any kind nor any hidden costs.

You can register for free by clicking here eToro . In addition to bitcoin, with eToro you can trade on other criptovalute, currencies, on the actions and commodities. eToro is a complete and free platform. E ‘can also operate in demo mode, ie with virtual money, to experience success with bitcoin trading before using real money. Obviously the profits obtained in demo mode are virtual. Read more at our review of eToro .

Contents hide ]

  • 1 How does Bitcoin Code?
  • 2 Bitcoin Code reviews and opinions
  • 3 Bitcoin Code: Who is Stefano Savarese
  • 4 Bitcoin code robot automatico
  • 5 Bitcoin code: che fare?
        • 5.0.0.1 Bitcoin code

How does Bitcoin Code?

Visiting the Bitcoin code site’s not clear how that would work . In theory this is an algorithm that can generate higher profits starting from the fluctuations of the bitcoin prices on financial markets. All I can tell from internet BitCoin Code site is that earning is really easy, since a video promises superior gains to 13,000 Euros per day.

We have already explained that this type of earnings, for people who have absolutely no experience, are impossible. Even using a serious platform that really works as eToro you can not earn 13,000 euro a day. Imagine Bitcoin Code.

But then Bitcoin Code does not work? It depends on your point of view. If we consider the point of view of Bitcoin Code creators can say that must be really satisfied: thousands and thousands of people around the world are entrusting their money (from a few hundred euro to many thousands), money that will never be returned and that end immediately in some tax haven. For Bitcoin Code creators, the method works really well and is making them very rich.

The basic mechanism is the same as that of other systems such as 1k daily profit or Quantum Code : promise of very high profits that drive people to trust and to deposit money which then disappears quickly.

Bitcoin Code reviews and opinions

We have already mentioned the many reviews and opinions that are on the Internet about Bitcoin Code . Unfortunately, those who have tried Bitcoin Code are disappointed. In practice, all the money deposited according to the indications of the Code creators Bitcoin is literally vanished into thin air.

Reading the reviews of Bitcoin Code is easy to understand that you lose absolutely everything, until all’ultimi penny. It ‘so obvious that opinions on Bitcoin Code are very negative reviews and many also report that was made a regular complaint with the competent authorities (Postal Police and Judiciary).

Of course, so far we have confined ourselves to the real reviews, real people who have tried Bitcoin Code and have since left Facebook or forums on their opinion. If we go on the Bitcoin code site, however, we can find a whole series of really rave reviews as:

“I’m a member of Bitcoin Code alone 47 days, but my life has changed completely! Not only have I gained my first € 100,000, but I also met a lot of great people. Thanks Stephen! “

“My wife has to pinch myself every morning when I look at your checkbook and tell me I’m not dreaming. Figures like that on MY account you have never been. The beauty is increasing all the time … a dream. Now I know what it means not to have a boss and earn tens of thousands of Euros every week! “

“I have made investments in the stock market on a professional level but I’ve never seen anything like it in 10 years. My colleagues took me crazy when I quit my job to go to Bitcoin Code. Now, with € 384,594 in the account, IMPLORE me to get them involved. “

We could go on with many more examples but it is useless: it is clearly bogus reviews, written by the creators of Bitcoin Code to convince doubters to invest money with them.