HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 29, 2020, 11:13:20 PM |
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SEC is not a BTC risk. There is a huge difference between XRP and BTC. Ripple Labs is a corporation that prints and controls XRP. There is no equivalent in BTC (and no Blockstream is not the same).
The SEC is doing us a favour by killing off competing shitcoins. Bitcoin dominance will soar further.
I also see it like this. I doubt the SEC is going to target ETH though. The case is not as easy as it is for XRP, and interest in ETH is probably already widespread enough (among largish companies and potential lobbyists) to have crossed the too big to fail threshold. Grayscale have a ETH trust don't they? Frankly, I don't think these guys would do it without knowing ETH won't be banned by SEC. You just don't gamble with that boatload of fiat. Grayscale has XRP in their Digital Large Cap Trust.... Writing it off won't be enough to blip the bottom line as BTC explodes... I'm sure there's a tax incentive in there somewhere... You are correct. XRP is only 1.6%.
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cAPSLOCK
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Activity: 3766
Merit: 5146
Whimsical Pants
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December 29, 2020, 11:13:27 PM |
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In memoriam...of something https://www.trustnodes.com/2020/12/29/sec-sinks-xrpSay what you want about that shitcoin, but the wanton destruction of monetary value (maybe wrongly attributed, I agree) is not something that I adore. Honestly, if this would eventually cause SEC demise as a regulatory agency, so be it (see quotation). XRP perhaps couldn’t withstand this injustice, but few can commend the way SEC went about enforcing it, even if they do agree. Where coders are concerned, this is just another round they don’t even care about in a long running battle. The question is: will SEC be destroyed in the end? You can not just wipe out tens of billions without courting hate, especially when the institution was already hated due to its investment prohibitions injustice inscribed in its very foundations. The 'subtracted' value is obviously flowing mostly into bitcoin plus 2-3 s-coins (for now) . I don't see how the ethereum pre-sale and issuance schedule makes it anything different than a security. After ripple SEC will surely have ether in it's sights. Forever looking over their shoulders now. Absolutely, especially since there is, apparently, no time frame limitations. Another point to mention-i got a link to FTX from somewhere and there it was: USA is in an "interesting" group, together with N korea, iran, Crimea, etc. Same for many other investment sites (Deribit comes to mind). We are being cordoned off-all thanks to SEC and their malcontented Howey test, which should have been buried decades ago. Add to that the concocted 'accredited investor' statute. It's like you want darwinian evolution, but handicap some people in the race. Fuck XRP and good riddance. And fuck Eth too for that matter. Accredited investor schemes are there for a reason. And the reason is because Aunt Mabel can’t be trusted to get caught up in bumblefuck Ponzi schemes like Bitconnect. So she goes screaming off to her Senator for a resolution. And the resolution is that Aunt Mabel isn’t allowed to play with the big boys anymore. There are plenty of accredited investors that do their dough all the time. But they aren’t supposed to whine about it. If you have 40 BTC right now, you are an accredited investor. And that amount is falling all the time. By the end of this bull it might be 5 BTC or less. why is it always about personalities? Not my problem, but it is a factor causing less meritocracy in finance/investment. I posit that it is a significant long term problem. You think that SEC is not btc problem? They (and some other lettered entities) can always made up some if prodded hard enough. SEC is not a BTC risk. There is a huge difference between XRP and BTC. Ripple Labs is a corporation that prints and controls XRP. There is no equivalent in BTC (and no Blockstream is not the same). The SEC is doing us a favour by killing off competing shitcoins. Bitcoin dominance will soar further. Projects like ETH or ZEC should be feeling a little wriggly though.
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Arriemoller
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Cлaвa Укpaїнi!
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December 29, 2020, 11:15:00 PM |
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Moving is complicated. A big problem is you may have family/friends/whatnot at the old place who you can fall back on if things go weird short-term. Move to a new place and that's not there. So the lack of any kind of a safety net (social or financial) keeps people from just being able to "move".
That's totally not counting the xenophobic nature of people to reject anyone new in their community.
TL;DR Arrie the xenophobe says Africans are stupid for living where they live. Should they move to cooler climates, they're sure to find friendly landmines to welcome them. Also if Africans don’t like being poor, they should just be rich instead What's wrong with that? That's what we westerners have been doing for the last 150 years, are you saying that it's wrong for Africans to do the same? Are you saying that they should just stay poor? And by the way, since the "Africans" seriously adopted market economy they have rapidly pulled themselves out of poverty, quite a few African countries have a well of middle class now.
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El duderino_
Legendary
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Activity: 2646
Merit: 12953
BTC + Crossfit, living life.
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December 29, 2020, 11:15:15 PM |
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janggernaut
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Activity: 2366
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December 29, 2020, 11:17:07 PM |
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Who is still HODL until now??? Forget trading, better HODLLL!
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serveria.com
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Activity: 2380
Merit: 1189
Privacy Servers. Since 2009.
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December 29, 2020, 11:22:37 PM |
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SEC is not a BTC risk. There is a huge difference between XRP and BTC. Ripple Labs is a corporation that prints and controls XRP. There is no equivalent in BTC (and no Blockstream is not the same).
The SEC is doing us a favour by killing off competing shitcoins. Bitcoin dominance will soar further.
I also see it like this. I doubt the SEC is going to target ETH though. The case is not as easy as it is for XRP, and interest in ETH is probably already widespread enough (among largish companies and potential lobbyists) to have crossed the too big to fail threshold. Grayscale have a ETH trust don't they? Frankly, I don't think these guys would do it without knowing ETH won't be banned by SEC. You just don't gamble with that boatload of fiat. Grayscale has XRP in their Digital Large Cap Trust.... Yeah but they have around 5 billion (if I remember correct in ETH) and only 7 million in XRP.
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serveria.com
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Activity: 2380
Merit: 1189
Privacy Servers. Since 2009.
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December 29, 2020, 11:27:24 PM |
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Pretty much a straight line (or rather ever accelerating parabola) since roughly 11K and no, we can't reach 100K without some corrections (at least 20%). I am not even sure what is the argument to not have corrections, unless you are in a highly leveraged position. If so, good luck on your "luck".
Hmm that doesn't look like a straight line to me: Perhaps we are looking at different graphs? I'm not a TA expert or something I'm just sharing my point of view. And no, I don't play with leverage. look at the weekly...it is a parabola, no doubt about it..., albeit an early/short one. Possibly, but do weekly parabolas count?
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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December 29, 2020, 11:28:26 PM |
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Projects like ETH or ZEC should be feeling a little wriggly though.
Charles Darwin had a phrase for that.
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JimboToronto
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You're never too old to think young.
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December 29, 2020, 11:35:47 PM |
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Projects like ETH or ZEC should be feeling a little wriggly though.
Charles Darwin had a phrase for that. So did P.T. Barnum.
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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December 29, 2020, 11:36:56 PM |
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This is very strong finish to the end of tax year. No tax losses to harvest? Does this mean that early January will see a dump of profit taking with taxes put off until March 2022?
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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December 29, 2020, 11:44:44 PM |
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Holy fuck. Based on that, I think we will have will have humanoid robots in our homes by 2030. A buddy has a robot mower for his lawn. And it’s starting to make sense to replace our lawn guy with a robot...
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Biodom
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December 29, 2020, 11:48:22 PM |
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Holy fuck. Based on that, I think we will have will have humanoid robots in our homes by 2030. Asimov's "I, robot" stories were some of my favorites when I was in mid school.
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Torque
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Activity: 3696
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December 29, 2020, 11:48:53 PM |
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SEC is not a BTC risk. There is a huge difference between XRP and BTC. Ripple Labs is a corporation that prints and controls XRP. There is no equivalent in BTC (and no Blockstream is not the same).
The SEC is doing us a favour by killing off competing shitcoins. Bitcoin dominance will soar further.
I also see it like this. I doubt the SEC is going to target ETH though. The case is not as easy as it is for XRP, and interest in ETH is probably already widespread enough (among largish companies and potential lobbyists) to have crossed the too big to fail threshold. Grayscale have a ETH trust don't they? Frankly, I don't think these guys would do it without knowing ETH won't be banned by SEC. You just don't gamble with that boatload of fiat. Grayscale has XRP in their Digital Large Cap Trust.... Writing it off won't be enough to blip the bottom line as BTC explodes... I'm sure there's a tax incentive in there somewhere... You are correct. XRP is only 1.6%. I see 16.9% of hot garbage in that fund. Do HNW investors do no research at all?
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HairyMaclairy
Legendary
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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December 29, 2020, 11:55:00 PM |
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Want LOLs? Check this out
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d_eddie
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Activity: 2632
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December 30, 2020, 12:12:07 AM |
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It looks like we are going to be rich again soon.
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El duderino_
Legendary
Online
Activity: 2646
Merit: 12953
BTC + Crossfit, living life.
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December 30, 2020, 12:12:41 AM |
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marcus_of_augustus
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Activity: 3920
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Eadem mutata resurgo
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December 30, 2020, 12:13:42 AM |
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RIPple ... BTC looking strong here, picking $30k in not too distant future ...
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BobLawblaw
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Activity: 1861
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Neighborhood Shenanigans Dispenser
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December 30, 2020, 12:27:42 AM |
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WOPPP soon ?
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 30, 2020, 12:32:58 AM |
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WOPPP soon ?
$14 to go
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