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dad got phished. I think I may have prevented most of the damage, but I'm trying to understand what the scammers were doing. Help, please?","author":"Kal-Elm","replies":["t1_l181e4f","t1_l17z5u7","t1_l17ya3x","t1_l17x48w","t1_l17x4ds","t1_l180664","t1_l182gub","t1_l182q1y","t1_l189539","t1_l18kb7i","t1_l18gwyh","t1_l18b1ey","t1_l18kl59","t1_l18s9xb","t1_l190621","t1_l1936vp","t1_l19f4pq","t1_l19d3d4","t1_l19b22j","t1_l19gfv0","t1_l19gkx6","t1_l19k03g","t1_l19ne2p","t1_l19us8v","t1_l1an5up","t1_l1audj3","t1_l1awvdc","t1_l1axz3t","t1_l1aztu9","t1_l1b1uhd","t1_l1azjkh","t1_l1b3eed","t1_l1bb62a","t1_l1bk7ez","t1_l1bno9b","t1_l1bmq49","t1_l1bpvbg","t1_l1bqlks"],"directReplies":["t1_l17x48w","t1_l17x4ds","t1_l17ya3x","t1_l180664","t1_l181e4f","t1_l182gub","t1_l182q1y","t1_l189539","t1_l18b1ey","t1_l18kl59","t1_l18s9xb","t1_l190621","t1_l1936vp","t1_l19k03g","t1_l19ne2p","t1_l1an5up","t1_l1awvdc","t1_l1axz3t","t1_l1azjkh","t1_l1b3eed","t1_l1bb62a","t1_l1bk7ez","t1_l1bmq49","t1_l1bpvbg","t1_l1bqlks"],"upvotes":65,"indicators":[],"topics":[{"topic":"all","activity":328,"score":542,"relativeScore":1},{"topic":"crypto","activity":318,"score":525,"relativeScore":1},{"topic":"eth","activity":150,"score":248,"relativeScore":0.47},{"topic":"usdt","activity":29,"score":48,"relativeScore":0.09},{"topic":"btc","activity":16,"score":27,"relativeScore":0.05}],"context":{"all":{"topic":"all","activity":328,"score":542,"relativeScore":1},"crypto":{"topic":"crypto","activity":318,"score":525,"relativeScore":1},"eth":{"topic":"eth","activity":150,"score":248,"relativeScore":0.47},"usdt":{"topic":"usdt","activity":29,"score":48,"relativeScore":0.09},"btc":{"topic":"btc","activity":16,"score":27,"relativeScore":0.05}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"t3_1ccvxeh","added":"2024-04-26T10:09:33.813Z","content":"I’m trying to understand what was the point of all these transactions.\n\nSo, my (older) dad tried signing in to his Kraken account. I heard him complaining about all the trouble he had signing in, so I went over to check what was up. Sure enough, he had searched “kraken” on Yahoo (of all engines) and clicked on the first result: Krakeln. \n\nRealizing his mistake, I signed into his account on the *actual* Kraken website, and immediately disconnected his bank account and changed his password. Then I checked his transaction history. The “hack” lasted about 25 minutes, so surely the scammers had enough time to transfer funds to their own wallets. But instead, this was the list of transactions:\n\nConverted BTC to ETH\n\nConverted SHIB to ETH\n\nConverted ADA to ETH\n\nConverted ETH to USDT\n\nSold USDT for ~6,800 Euros (mind you, he’s only used USD in the past)\n\nBought ETH for ~6,800 Euros\n\ntl;dr: It looks like they just converted all his holdings to ETH, converted that to USDT, sold the USDT, then bought the same amount of ETH.\n\nWas I able to stop this before he lost money in anything other than fees? It doesn’t look like they transferred anything in or out, unless I’m misunderstanding. If I am understanding correctly, why would the scammers waste 25 minutes just converting crypto?\n\nThanks for any help.","first":1714068363035,"html":"\u003cp>I’m trying to understand what was the point of all these transactions.\u003c/p>\n\n\u003cp>So, my (older) dad tried signing in to his Kraken account. I heard him complaining about all the trouble he had signing in, so I went over to check what was up. Sure enough, he had searched “kraken” on Yahoo (of all engines) and clicked on the first result: Krakeln. \u003c/p>\n\n\u003cp>Realizing his mistake, I signed into his account on the \u003cem>actual\u003c/em> Kraken website, and immediately disconnected his bank account and changed his password. Then I checked his transaction history. The “hack” lasted about 25 minutes, so surely the scammers had enough time to transfer funds to their own wallets. But instead, this was the list of transactions:\u003c/p>\n\n\u003cp>Converted BTC to ETH\u003c/p>\n\n\u003cp>Converted SHIB to ETH\u003c/p>\n\n\u003cp>Converted ADA to ETH\u003c/p>\n\n\u003cp>Converted ETH to USDT\u003c/p>\n\n\u003cp>Sold USDT for ~6,800 Euros (mind you, he’s only used USD in the past)\u003c/p>\n\n\u003cp>Bought ETH for ~6,800 Euros\u003c/p>\n\n\u003cp>tl;dr: It looks like they just converted all his holdings to ETH, converted that to USDT, sold the USDT, then bought the same amount of ETH.\u003c/p>\n\n\u003cp>Was I able to stop this before he lost money in anything other than fees? It doesn’t look like they transferred anything in or out, unless I’m misunderstanding. If I am understanding correctly, why would the scammers waste 25 minutes just converting crypto?\u003c/p>\n\n\u003cp>Thanks for any help.\u003c/p>","source":"reddit.com","time":1714061470000,"timely":true,"updates":17,"url":"https://www.reddit.com/r/CryptoCurrency/comments/1ccvxeh/my_dad_got_phished_i_think_i_may_have_prevented/","nReplies":37,"origin":"in r/CryptoCurrency","type":"rpost","__at":"2024-04-26T10:19:18.109Z","boosted":false,"safeId":"t3_1ccvxeh","icon":"reddit"},"t3_1cd96ah":{"original":{"subreddit_name_prefixed":"r/ethtrader","pwls":6,"downs":0,"parent_whitelist_status":"all_ads","upvote_ratio":0.98,"is_original_content":false,"author_fullname":"t2_6l4z3","score":52,"is_created_from_ads_ui":false,"author_premium":true,"is_self":true,"wls":6,"domain":"self.ethtrader","allow_live_comments":false,"suggested_sort":"new","all_awardings":[],"awarders":[],"treatment_tags":[],"author_is_blocked":false,"is_robot_indexable":true,"num_duplicates":0,"num_comments":2003,"send_replies":true,"whitelist_status":"all_ads","stickied":true,"subreddit_subscribers":2283893,"content":"Welcome to the Daily General Discussion thread. Please read the rules before participating.\n\n# Rules:\n\n* All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply in this thread.\n* See sidebar for minimum user requirements.\n* Crypto discussion must be related to Ethereum (ERC20 tokens like MOON/DONUT, and Layer 2s like Optimism/Base, are fine).\n* Donuts are a welcome topic here.\n* Be kind and civil.\n\n# Useful Links:\n\n* [How Donuts Work](https://www.reddit.com/r/ethtrader/comments/kl6ldu/donuts_faq/)\n* [Donut Dashboard](https://donut-dashboard.com/#/): FAQ, Distribution Totals, Staking, Governance Scores\n* [How to Flair Posts](https://www.reddit.com/r/ethtrader/comments/r9irmr/how_to_flair_your_posts/)\n* [Governance & Donut Improvement Discussion Thread](https://www.reddit.com/r/ethtrader/comments/ogugf9/governance_discussion/): Place to share your ideas\n* [Earn donuts for providing Honeyswap liquidity on the DONUT-ETH pair](https://www.reddit.com/r/ethtrader/comments/n6hp7x/donuts_and_xdai/)\n\n\\--\n\n**Stand with Crypto**\n\nIn light of recent events and the challenges faced by the Ethereum and broader crypto space, we'd like to draw your attention to Coinbase's 'Stand with Crypto' initiative. It seeks to foster understanding, collaboration, and advocacy in the crypto space.\n\n[🔗 Stand with Crypto Initiative](https://www.coinbase.com/public-policy/advocacy/standwithcrypto)\n\nRemember, staying informed and united is key. Let's ensure a secure and open future for Ethereum and its principles. Happy trading and discussing!","html":"\u003cp>Welcome to the Daily General Discussion thread. Please read the rules before participating.\u003c/p>\n\n\u003ch1>Rules:\u003c/h1>\n\n\u003cul>\n\u003cli>All \u003ca href=\"https://www.reddit.com/r/ethtrader/about/rules/\">sub rules\u003c/a> apply in this thread.\u003c/li>\n\u003cli>See sidebar for minimum user requirements.\u003c/li>\n\u003cli>Crypto discussion must be related to Ethereum (ERC20 tokens like MOON/DONUT, and Layer 2s like Optimism/Base, are fine).\u003c/li>\n\u003cli>Donuts are a welcome topic here.\u003c/li>\n\u003cli>Be kind and civil.\u003c/li>\n\u003c/ul>\n\n\u003ch1>Useful Links:\u003c/h1>\n\n\u003cul>\n\u003cli>\u003ca href=\"https://www.reddit.com/r/ethtrader/comments/kl6ldu/donuts_faq/\">How Donuts Work\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://donut-dashboard.com/#/\">Donut Dashboard\u003c/a>: FAQ, Distribution Totals, Staking, Governance Scores\u003c/li>\n\u003cli>\u003ca href=\"https://www.reddit.com/r/ethtrader/comments/r9irmr/how_to_flair_your_posts/\">How to Flair Posts\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.reddit.com/r/ethtrader/comments/ogugf9/governance_discussion/\">Governance & Donut Improvement Discussion Thread\u003c/a>: Place to share your ideas\u003c/li>\n\u003cli>\u003ca href=\"https://www.reddit.com/r/ethtrader/comments/n6hp7x/donuts_and_xdai/\">Earn donuts for providing Honeyswap liquidity on the DONUT-ETH pair\u003c/a>\u003c/li>\n\u003c/ul>\n\n\u003cp>--\u003c/p>\n\n\u003cp>\u003cstrong>Stand with Crypto\u003c/strong>\u003c/p>\n\n\u003cp>In light of recent events and the challenges faced by the Ethereum and broader crypto space, we'd like to draw your attention to Coinbase's 'Stand with Crypto' initiative. It seeks to foster understanding, collaboration, and advocacy in the crypto space.\u003c/p>\n\n\u003cp>\u003ca href=\"https://www.coinbase.com/public-policy/advocacy/standwithcrypto\">🔗 Stand with Crypto Initiative\u003c/a>\u003c/p>\n\n\u003cp>Remember, staying informed and united is key. Let's ensure a secure and open future for Ethereum and its principles. Happy trading and discussing!\u003c/p>"},"title":"Daily General Discussion - April 26, 2024 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Our sister sub, /r/Ethstaker has an incredible team pertaining to staking, if you need any advice for getting set up head over there for assistance!\n\nDaily Doots Rich List - [https://dailydoots.com/](https://dailydoots.com/)\n\n**community calendar:** via Ethstaker [**https://ethstaker.cc/event-calendar/**](https://ethstaker.cc/event-calendar/)\n\n\"Find and post crypto jobs.\" https://ethereum.org/en/community/get-involved/#ethereum-jobs\n\nEthGlobal - Sydney - May 3rd\n\nETH Rio - May 13\n\nETHBerlin04 - May 24th\n\nEthBelgrade - June 3rd - 5th","html":"\u003cp>\u003cstrong>Welcome to the Daily General Discussion on Ethfinance\u003c/strong>\u003c/p>\n\n\u003cp>\u003ca href=\"https://i.imgur.com/pRnZJov.jpg\">https://i.imgur.com/pRnZJov.jpg\u003c/a>\u003c/p>\n\n\u003cp>\u003c/p>\n\n\u003cul>\n\u003cli>\u003ca href=\"https://www.reddit.com/r/ethfinance/about/rules/\">Subreddit Rules\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://discord.gg/evmavericks\">Discord - EV Mavericks\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://nitter.net/EthfinanceR\">Twitter\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://evmavericks.libsyn.com/\">Podcast\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://pods.media/evmavericks\">Mintable Podcast\u003c/a>\u003c/li>\n\u003c/ul>\n\n\u003cp>Be awesome to one another and be sure to contribute the most high quality posts over on \u003ca href=\"/r/ethereum\">/r/ethereum\u003c/a>. 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intelegraph.com/news/ethereum-price-hits-40-darling-of-altcoin-market-up-almost-50-percent","url":"https://cointelegraph.com/news/ethereum-price-hits-40-darling-of-altcoin-market-up-almost-50-percent","type":"reference"}],"referrals":[],"_id":"cointelegraph.com/news/ethereum-price-surge-is-due-to-one-singular-factor","updates":55,"time":1489836660000,"first":1490234071394,"url":"https://cointelegraph.com/news/ethereum-price-surge-is-due-to-one-singular-factor","added":"2023-07-12T09:47:10.792Z","timely":true,"totalUpvotes":714,"nReplies":67,"score":721,"source":"cointelegraph.com","channel":["ethereum","ethtrader","eth-spam"],"content":"Most top altcoins have experienced an upsurge within the last couple of weeks. Amid a booming altcoin scene, Bitcoin has sunk to a record low in terms of its share of the cryptocurrencies market, sitting at just 70.5 percent as of Friday. There seems to be no pattern, though, in price movements among the top cryptocurrencies. Adoption The rise in Ethereum price may have coincided with certain partnerships and developments within the community. However, the CEO and Founder at ether.camp, Roman Mandeleil, thinks that the rise in Ethereum value is more of a reflection of industry adoption. Mandeleil says: “I don't think any specific development is the cause of the rise in the price of Ethereum. In my opinion, the surge in price is a reflection of increased adoption of the technology in the industry for BC development.” Ethereum Harmony One of the developments that Mandeleil notes is Ethereum Harmony. Mandeleil describes Ethereum Harmony as an independent Ethereum peer that has all the functionality required to manage one's Ethereum funds and use RPC API from any computer. Released in its trial version in September 2016, Mandeleil says Ethereum Harmony is capable of providing full support and provisioning the full state of the smart contract and can also be used by developers to see the internals of Ethereum and ensure the network works fine. An expanding industry Almost a year ago, the Ethereum price surged to new highs with the creation of The DAO but slumped after the hard fork that happened as a consequence of The DAO breach. The event saw the community split into two. Ethereum price remained quite stable in its low state until the recent surge that has seen it rise above $40 as at the time of writing. As the cryptocurrency industry expands and new users flux into the ecosystem, price becomes less volatile. This is predominantly due to the fact that movements in price, especially in the upward pattern as observed lately, does not depend on isolated events. Most cryptocurrencies show upward price movements mainly because new adopters are entering into the ecosystem, therefore, use case scenarios are on the increase which automatically creates demand for the cryptos and subsequent increase in value.","html":"\u003cp>Most top altcoins have experienced an upsurge within the last couple of weeks. Amid a \u003ca href=\"https://https://cointelegraph.com/news/low-fees-flexible-network-limits-why-ethereum-price-is-surging\" target=\"_blank\">booming altcoin scene\u003c/a>, Bitcoin has sunk to a \u003ca href=\"https://https://cointelegraph.com/news/bitcoin-share-of-crypto-market-at-record-low-after-17-dip-in-2017\" target=\"_blank\">record low\u003c/a> in terms of its share of the cryptocurrencies market, sitting at just 70.5 percent as of Friday.\u003c/p> \u003cp>There seems to be no pattern, though, in price movements among the top cryptocurrencies.\u003c/p> \u003ch2>Adoption\u003c/h2> \u003cp>The rise in Ethereum price may have coincided with certain \u003ca href=\"https://cointelegraph.com/news/ethereum-prices-all-time-high-may-be-result-of-partnerships-strategy\" target=\"_blank\">partnerships and developments\u003c/a> within the community. However, the CEO and Founder at ether.camp, \u003ca href=\"https://www.linkedin.com/in/romanmandeleil/\" target=\"_blank\">Roman Mandeleil\u003c/a>, thinks that the rise in Ethereum value is more of a reflection of industry adoption.\u003c/p> \u003cp>Mandeleil says:\u003c/p> \u003cblockquote> \u003cp>“I don't think any specific development is the cause of the rise in the price of Ethereum. In my opinion, the surge in price is a reflection of increased adoption of the technology in the industry for BC development.”\u003c/p> \u003c/blockquote> \u003ch2>Ethereum Harmony\u003c/h2> \u003cp>One of the developments that Mandeleil notes is Ethereum Harmony.\u003c/p> \u003cp>Mandeleil describes Ethereum Harmony as an independent Ethereum peer that has all the functionality required to manage one's Ethereum funds and use RPC API from any computer.\u003c/p> \u003cp>Released in its trial version in September 2016, Mandeleil says Ethereum Harmony is capable of providing full support and provisioning the full state of the smart contract and can also be used by developers to see the internals of Ethereum and ensure the network works fine.\u003c/p> \u003ch2>An expanding industry\u003c/h2> \u003cp>Almost a year ago, the Ethereum price surged to new highs with the creation of The DAO but slumped after the hard fork that happened as a consequence of The DAO breach. The event saw the community split into two. Ethereum price remained quite stable in its low state until the recent surge that has seen it \u003ca href=\"https://cointelegraph.com/news/ethereum-price-hits-40-darling-of-altcoin-market-up-almost-50-percent\" target=\"_blank\">rise above $40\u003c/a> as at the time of writing.\u003c/p> \u003cp>As the cryptocurrency industry expands and new users flux into the ecosystem, price becomes less volatile. This is predominantly due to the fact that movements in price, especially in the upward pattern as observed lately, does not depend on isolated events. Most cryptocurrencies show upward price movements mainly because new adopters are entering into the ecosystem, therefore, use case scenarios are on the increase which automatically creates demand for the cryptos and subsequent increase in value.\u003c/p>","type":"ghost","description":"The surge in Ethereum price is a reflection of increased adoption of the technology in the industry for BC development.","image":{"url":"https://pbs.twimg.com/tweet_video_thumb/C7MrVgRWkAEo1mv.jpg","width":220,"height":120},"__at":"2024-04-26T10:24:43.476Z","boosted":false,"safeId":"cointelegraphcomnewsethereumpricesurgeisduetoonesingularfactor","origin":"cointelegraph.com"},"cryptocentral.info/post/2373":{"original":{},"title":"http://cryptocentral.info/post/2373","author":"","replies":["842920257216040960","843054806042214400","goo.gl/Q32g5e"],"directReplies":["goo.gl/Q32g5e"],"upvotes":0,"indicators":[],"topics":[{"topic":"all","activity":279,"score":282,"relativeScore":1},{"topic":"crypto","activity":278,"score":281,"relativeScore":1},{"topic":"eth","activity":278,"score":281,"relativeScore":1}],"context":{"all":{"topic":"all","activity":279,"score":282,"relativeScore":1},"crypto":{"topic":"crypto","activity":278,"score":281,"relativeScore":1},"eth":{"topic":"eth","activity":278,"score":281,"relativeScore":1}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"cryptocentral.info/post/2373","updates":1,"time":1489802824000,"first":1557877218752,"url":"http://cryptocentral.info/post/2373","source":"cryptocentral.info","added":"2020-05-18T14:54:34.292Z","channel":["eth-spam"],"totalUpvotes":279,"score":282,"nReplies":3,"type":"ghost","titleGuessed":true,"__at":"2024-04-26T10:24:43.476Z","boosted":false,"safeId":"cryptocentralinfopost2373","html":"","origin":"cryptocentral.info"},"goo.gl/Q32g5e":{"original":{},"title":"","author":"","replies":["842920257216040960","843054806042214400"],"directReplies":["842920257216040960"],"upvotes":0,"indicators":[],"topics":[{"topic":"all","activity":279,"score":282,"relativeScore":1},{"topic":"crypto","activity":278,"score":281,"relativeScore":1},{"topic":"eth","activity":278,"score":281,"relativeScore":1}],"context":{"all":{"topic":"all","activity":279,"score":282,"relativeScore":1},"crypto":{"topic":"crypto","activity":278,"score":281,"relativeScore":1},"eth":{"topic":"eth","activity":278,"score":281,"relativeScore":1}},"gotReplies":false,"pinned":{},"editorializers":{},"parents":[],"referrals":[],"_id":"goo.gl/Q32g5e","updates":1,"time":1489802824000,"first":1490234221681,"url":"https://goo.gl/Q32g5e","added":"2019-03-11T16:19:08.954Z","totalUpvotes":279,"nReplies":2,"source":"goo.gl","score":282,"channel":["eth-spam"],"link":"http://cryptocentral.info/post/2373","replyTo":"cryptocentral.info/post/2373","replyType":"redirect","html":"DigixGlobal and WeTrust announce partnership\u003cbr>\u003cbr>\u003cspan class=\"bloat\">@WeTrustPlatform\u003c/span> \u003cspan class=\"bloat\">@DigixGlobal\u003c/span> \u003cspan class=\"bloat\">#ethereum\u003c/span> \u003cspan class=\"bloat\">#wetrust\u003c/span> \u003cspan class=\"bloat\">#digix\u003c/span> \u003cspan class=\"bloat\">#partnership\u003c/span> \u003ca href=\"https://t.co/zIqqtaahs3\" title=\"https://t.co/zIqqtaahs3\">t.co/zIqqtaahs3…\u003c/a>","content":"DigixGlobal and WeTrust announce partnership\n\n@WeTrustPlatform @DigixGlobal #ethereum #wetrust #digix #partnership https://t.co/zIqqtaahs3","language":null,"contentGuessed":true,"__at":"2024-04-26T10:24:43.476Z","boosted":false,"safeId":"googlQ32g5e","origin":"goo.gl/Q32g5e"},"medium.com/@pirapira/a-mechanized-safety-proof-for-pos-with-dynamic-validators-17e9b45faff4":{"original":{},"title":"A mechanized safety proof for pos with dynamic 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to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows:\n***\n\n- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. \n- Important content should be submitted as a separate post.\n- Be excellent to each other. \n\n***\n\nThank you in advance for your participation. Enjoy!\n","html":"\u003cp>Welcome to the \u003cstrong>\u003ca href=\"/r/EthTrader\">/r/EthTrader\u003c/a>\u003c/strong> Daily Discussion thread. The thread guidelines are as follows:\u003c/p>\n\n\u003chr/>\n\n\u003cul>\n\u003cli> Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions.\u003cbr/>\u003c/li>\n\u003cli> Important content should be submitted as a separate post.\u003c/li>\n\u003cli> Be excellent to each other. \u003c/li>\n\u003c/ul>\n\n\u003chr/>\n\n\u003cp>Thank you in advance for your participation. Enjoy!\u003c/p>"},"title":"[Daily Discussion] - 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quoted comment from Vitalik was in response to someone in /r/ethereum asking \"why\" Ethereum shouldn't just adopt Tendermint as its PoS consensus protocol.**","first":1489845928857,"url":"https://www.reddit.com/r/ethtrader/comments/6041el/vitalik_on_poscasper_our_current_approachis/","totalUpvotes":326,"nReplies":14,"score":329,"replyTo":"t1_df2v7un","replyType":"reply","origin":"in r/ethtrader","type":"rpost","html":"\n\t\t\t\t\t\u003cbr class=\"merged\">\u003cbr>\u003cp>\u003cstrong>This quoted comment from Vitalik was in response to someone in \u003ca href=\"/r/ethereum\">/r/ethereum\u003c/a> asking "why" Ethereum shouldn't just adopt Tendermint as its PoS consensus 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my math correct? [5 ether per 14 seconds = $9856 per 10 minutes](http://www.wolframalpha.com/input/?i=10+minutes+%2F+14+seconds+*+5+ether). Vs [12.5 BTC per 10 minutes = $10830](http://www.wolframalpha.com/input/?i=12.5+BTC).\n\nIs this significant? An important milestone?","first":1489845906579,"url":"https://www.reddit.com/r/ethereum/comments/60428n/is_ethereum_about_to_overtake_bitcoin_in_terms_of/","totalUpvotes":442,"nReplies":100,"score":447,"updates":1,"html":"\u003cp>Is my math correct? \u003ca href=\"http://www.wolframalpha.com/input/?i=10+minutes+%2F+14+seconds+*+5+ether\">5 ether per 14 seconds = $9856 per 10 minutes\u003c/a>. Vs \u003ca href=\"http://www.wolframalpha.com/input/?i=12.5+BTC\">12.5 BTC per 10 minutes = $10830\u003c/a>.\u003c/p>\n\n\u003cp>Is this significant? An important milestone?\u003c/p>","replyTo":"wolframalpha.com/input?i=10+minutes+/+14+seconds+*+5+ether","replyType":"reference","origin":"in 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guys, so after quite a few years, I'm quitting trading altogether. \n\nThrough my years, I've had some great days and some bad ones. I remember staying up nights on end looking at the price, roaring with happiness when my position went up 20% and sighing when my stop losses were hit. I've had some amazing fun and invested hours upon hours of my life into crypto. I'd earned a LOT by reselling stuff in real life and putting it into BTC in the $200-600 range. My net worth was pretty huge and I was essentially set for life. Being young, I have very little in fiat: the majority of my holdings were in BTC.\n\nAll because of one position, I lost it all. Yes, I know it was stupid. Yes, I know you shouldn't short, especially in a bull market. Yes, I know that I should have cut my losses fast. From the first worrying -2 BTC to the slightly terrifying -20 BTC, watching my losses grow and grow. Everyone told me to close the position: but I told them, are you retarded? Do you want me to close out with a $2,000 loss when it's so clear DASH is going to crash? Do you want me to close with a $10,000 loss when this is clearly a bubble? Do you want me to close with a $50,000 loss when I can easily make $20,000 if I just wait this out?\n\nI was so damn certain that DASH was going to fall. And, it kept hitting new all time highs. I thought I was smarter than the market, I thought I could time the bubble: but guys, remember. *It just doesn't work.*\n\n\nSo, I've decided to stop trading 100%. It's a drug to me. (Even after being liquidated, can you believe that I converted the rest of my bank funds to Bitcoin and shorted more? I made a horrible decision in a fit of rage and I regret it so fucking much.)\n\nMy final margin call: https://gyazo.com/8cba2eb983f4ff6733a0b8b4807f358a\n\nI hope that some people here will be able to learn from me and never let their losses grow to what they can't afford to lose. For years, I have been content with my life and sufficiently \"well-off\" in the knowledge that crypto is huge and I have enough money to live comfortably. I'm crying as I type this, because this is the worst moment of my life. So many fucking years of working, and all gone in days. I'm no longer rich, or well-off. I'm going to have to fucking bust my ass, bit by bit, to slowly recover - and I don't even know where to start. The pay I'll get when I start working ($10-20ish) seems like literally nothing compared to the thousands I lost. And if crypto really takes off, I'll always have regrets about what could have been.\n\nHonestly, I'm just so done with everything. My head hurts, I can't stop crying and DASH is still going up. Good bye, I hope all of you have a great day. \n\nHere's my BTC address, if anyone's feeling generous.\nEDIT: removed\n\n\n\n\t\t\t\t\t\n\nGuys - I cannot stress enough how thankful I am for each and every reply, especially the PMs. Your messages are very informative, thoughtful and kind. It's helped me a lot. My life is pretty much ruined, but you guys have really helped improve by emotional state a lot. Once again - thank you.","first":1489874733201,"url":"https://www.reddit.com/r/ethtrader/comments/606fz4/my_final_margin_call/","totalUpvotes":3679,"nReplies":249,"score":3717,"html":"\u003cp>Okay guys, so after quite a few years, I'm quitting trading altogether. \u003c/p>\n\n\u003cp>Through my years, I've had some great days and some bad ones. I remember staying up nights on end looking at the price, roaring with happiness when my position went up 20% and sighing when my stop losses were hit. I've had some amazing fun and invested hours upon hours of my life into crypto. I'd earned a LOT by reselling stuff in real life and putting it into BTC in the $200-600 range. My net worth was pretty huge and I was essentially set for life. Being young, I have very little in fiat: the majority of my holdings were in BTC.\u003c/p>\n\n\u003cp>All because of one position, I lost it all. Yes, I know it was stupid. Yes, I know you shouldn't short, especially in a bull market. Yes, I know that I should have cut my losses fast. From the first worrying -2 BTC to the slightly terrifying -20 BTC, watching my losses grow and grow. Everyone told me to close the position: but I told them, are you retarded? Do you want me to close out with a $2,000 loss when it's so clear DASH is going to crash? Do you want me to close with a $10,000 loss when this is clearly a bubble? Do you want me to close with a $50,000 loss when I can easily make $20,000 if I just wait this out?\u003c/p>\n\n\u003cp>I was so damn certain that DASH was going to fall. And, it kept hitting new all time highs. I thought I was smarter than the market, I thought I could time the bubble: but guys, remember. \u003cem>It just doesn't work.\u003c/em>\u003c/p>\n\n\u003cp>So, I've decided to stop trading 100%. It's a drug to me. (Even after being liquidated, can you believe that I converted the rest of my bank funds to Bitcoin and shorted more? I made a horrible decision in a fit of rage and I regret it so fucking much.)\u003c/p>\n\n\u003cp>My final margin call: \u003ca href=\"https://gyazo.com/8cba2eb983f4ff6733a0b8b4807f358a\">https://gyazo.com/8cba2eb983f4ff6733a0b8b4807f358a\u003c/a>\u003c/p>\n\n\u003cp>I hope that some people here will be able to learn from me and never let their losses grow to what they can't afford to lose. For years, I have been content with my life and sufficiently "well-off" in the knowledge that crypto is huge and I have enough money to live comfortably. I'm crying as I type this, because this is the worst moment of my life. So many fucking years of working, and all gone in days. I'm no longer rich, or well-off. I'm going to have to fucking bust my ass, bit by bit, to slowly recover - and I don't even know where to start. The pay I'll get when I start working ($10-20ish) seems like literally nothing compared to the thousands I lost. And if crypto really takes off, I'll always have regrets about what could have been.\u003c/p>\n\n\u003cp>Honestly, I'm just so done with everything. My head hurts, I can't stop crying and DASH is still going up. Good bye, I hope all of you have a great day. \u003c/p>\n\n\u003cp>Here's my BTC address, if anyone's feeling generous.\nEDIT: removed\u003c/p>\n\t\t\t\t\t\u003cbr class=\"merged\">\u003cbr>\u003cp>Guys - I cannot stress enough how thankful I am for each and every reply, especially the PMs. Your messages are very informative, thoughtful and kind. It's helped me a lot. My life is pretty much ruined, but you guys have really helped improve by emotional state a lot. Once again - thank you.\u003c/p>","image":{"url":"https://i.redditmedia.com/l6SKx09w37TP98JxrKO1RtLHHU7shjLxqOicEm7IJwc.jpg?s=c85da1fbccfcaebe15a94e2bdbf3fe6a","width":661,"height":352,"_id":"662b80ebce310b1471b00870"},"updates":1,"origin":"in r/ethtrader","type":"rpost","merged":true,"favorites":null,"__at":"2024-04-26T10:24:43.476Z","boosted":false,"safeId":"t3_606fz4","icon":"reddit"},"themerkle.com/what-is-the-flippening":{"original":{},"title":"What is the 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