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Disappear, come back, and surprise them!
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In October 2017, a 25 year old man by the name of Kunal Kalra took out the market place liquidity of Bitcoin by trading 200,000.00 USD of cash into Bitcoin that was “drug money” with an undercover agent breaking FINCIN US money laws. Additionally, roughly 2,000,000.00 USD in Bitcoin wallets was seized during the operation. Not only did he disrespect the purpose of blockchain and completely disregard U.S. banking laws, but also indirectly caused the entire market to collapse with his reckless and greedy aspersions to become the “wealthiest man alive.” In October 2017, Mr. Kalra operated a Bitcoin ATM in Los Angeles, California. Additionally, he still operates an online crypto trading platform named Crypto Capital Co. based out of Panama City, Panama and Zurich, Switzerland that trades international currencies into Bitcoin. Mr. Kalra is working diligently to collapse the market place by having other traders in the Los Angeles vicinity and abroad arrested in hope of avoiding a life sentence for money laundering. Since Mr. Karla’s arrest, the price of Bitcoin has fallen nearly 70% and has yet to recover. With the liquidity of the market place frozen and trading regulations under speculation from the fed will the market ever bounce back?
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Is Facebook Coin a Threat for Bitcoin? COMMENT
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Do you think Bitcoin's Market Cap Will Surpass the $7 Trillion Market Cap of Gold COMMENT
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