More trouble for crypto?

[iv4n]

There will always be further drama on the way when we have already invested in this crypto world. But this I think is normal because each of us always plays our own role. Likewise from the SEC in carrying out their duties and functions. It's just that we are here as users. Yes, at least able to read the conditions and hopefully more preparation if there is a major crash at any time.

There's always some drama in the crypto world, but that drama is usually about some alt. Sensational headlines attract attention, but they are misleading most of the time, it was never about the entire crypto world or Bitcoin. Some projects turned out to be scams in the end, and some famous crypto people laundered money or cheated in some way, whatever it was it didn't affect the markets to any great extent.

Anyway, CZ paid $4.3 Billion in fines and is still a billionaire... and I'm kinda sure he has a lot of coins on some secret USB. So I guess the same will happen to Justin, he will be fined for his "mistakes", but that won't hurt him a lot, he'll stay rich after that.

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[Fortify]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

I would separate the developer Justin from the longer term future of Coinbase - a publicly traded US company that is going quite strong at the moment and earning a lot of money. Coinbase is probably going to take some attention, but considering the run up bitcoin has had in the last few months, they probably have plenty of capital and are unlikely to run into short term problems unless the regulator decides to be particularly vindictive. There have been many scandals like this since the beginning of crypto and they are becoming rather routine now, so it is less of an anomaly or a concern. People will do illegal things in the crypto space, there will be some unsettling times, but I see things getting stronger because of it.

[Zanab247]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

Even though they succeeded to arrest sir Justin, it will not take some days before they will release him because he is a popular person and many people know that he cannot involve his self to such activit to defraud somebody.  It will going to be tough if the matter is be taken to court, and it will give many people opportunity to invest their money in other coins to test the investment to know if they can get what they where getting from their coinsbase investment.

If you are worried based on your assets in the coinbase, you can withdraw them to invest them to another suitable coins that will continue to increase your profits and make you comfortable through out the years you wish to hodl the coin.

[dothebeats]

This doesn't have to do anything with crypto, at all. It is Justin's own fault for doing those illegal activities and with it comes repercussions. I don't think it will affect crypto that much since this is a case against an individual and not directly against any organizations closely tied to crypto.

People connected to huge crypto services are not immune against the law. If they are proven doing illegal things, they deserve every sentence they get similar to normal people.

[Darker45]

You make it appear as if Justin Sun is a developer of Coinbase. I was confused at first.

Anyway, let Justin Sun be arrested if that's the fair step, which I believe it is. Why is it scary? Justin Sun doesn't represent crypto. He's not the face of crypto. Furthermore, if this spells the downfall of Tron, so be it. Just like Justin, Tron isn't the main figure of crypto. On the contrary, it even seems that both Justin and Tron are a bit of a disgrace to crypto, along with many others.

Justin and Tron could fall anytime and the market goes on as if nothing happened.

[peter0425]

Coinbase and Tron developer sir Justin Sun

Mate you might confuse some people

Justin Sun did not create coinbase nor is in any way affiliated with them

are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

People might lose confidence in tron but honestly i also don’t think it will decrease in value and crash as long as it is doing well then Justin Sun could be sent to jail and nothing much will happen in his coin

What he was doing on his own is completely void of his coin so i don’t think it will be affected heavily

[Ben Barubal]

      There's no reason for me to worry personally; as long as I'm still doing what I'm used to doing in my life in this field of crypto business, that's all. And enjoy every day that God gives me.
I am just learning about the accumulation of cryptos that I think will improve and help me in the future.

      Our simple work here is just that: study, discover potential cryptos, and hold them that can provide good savings for the future of our loved ones, right?
So there is nothing to worry about about what you say.

[jossiel]

      There's no reason for me to worry personally; as long as I'm still doing what I'm used to doing in my life in this field of crypto business, that's all. And enjoy every day that God gives me.
I am just learning about the accumulation of cryptos that I think will improve and help me in the future.

Keep on accumulating and don't let news like this put you into worry about the market. The market is complicated and you're just going to make it more complicated if you're going to be worried about it.

News like this can be indications on what might the market move a bit when you're looking at it.

But, this is not going to affect it at all times and when it doesn't then your worry doesn't makes sense because you're worrying for something that you don't have to be.

[lizarder]

Coinbase and Tron developer sir Justin Sun are now the next target of the SEC, this morning I read on Twitter that SEC is going to arrest Justin for market manipulations and Selling Securities, there is also some cases about Fraud, this is going go be tough, what do you think will unfold from this? Scary or Nah???

Let's say that happens and the gentleman is found guilty of market manipulation and selling securities. Then the fraud began to be uncovered which ultimately ended in lawsuits. My question is will it affect the industry? We have seen how fraud attempts are carried out and it is not only in this industrial space, but we also see in the old system with different styles of fraud.

For me, this is not scary because that is how humans behave in committing crimes and we have seen this before in several cases that have happened. It's much scarier if you store assets on Coinbase or other exchanges because we have actually been warned not to store assets on exchanges.

[bestcoins1]

      There's no reason for me to worry personally; as long as I'm still doing what I'm used to doing in my life in this field of crypto business, that's all. And enjoy every day that God gives me.
I am just learning about the accumulation of cryptos that I think will improve and help me in the future.

It's good if you also have another job that can make money, even if it's not that much, but it will also help you more in terms of daily spending. Because having more businesses with different models is quite a good thing to support your own financial development so that you don't just hope and depend on crypto businesses in your life. Even though it is not wrong for you to do it as long as there is still income that you can get from it, it would be much better if you develop the results from the crypto business into other businesses.

      Our simple work here is just that: study, discover potential cryptos, and hold them that can provide good savings for the future of our loved ones, right?
So there is nothing to worry about about what you say.

In fact, it's not only about worrying about what we do, but also about how long we survive in saving the proceeds from the crypto business. Because someone who has income from other businesses will be much more consistent when he wants to save through his own crypto business in the long term. So don't just rely on one business in life, but try to run more than one business so that the crypto business that we have been running so far can also be helped by income from other directions.

[jaberwock]

      There's no reason for me to worry personally; as long as I'm still doing what I'm used to doing in my life in this field of crypto business, that's all. And enjoy every day that God gives me.
I am just learning about the accumulation of cryptos that I think will improve and help me in the future.

Keep on accumulating and don't let news like this put you into worry about the market. The market is complicated and you're just going to make it more complicated if you're going to be worried about it.

News like this can be indications on what might the market move a bit when you're looking at it.

But, this is not going to affect it at all times and when it doesn't then your worry doesn't makes sense because you're worrying for something that you don't have to be.

If we are a long-term investor and DCA is our chosen strategy, definitely nothing can stop us from accumulating (not even this news here). Market is complicated due to volatility and different factors that affects it and this is why we have different tools that we can use for analysing them. It's indeed complicated to learn and think about all of them but once we overcome it, we can also feel the benefits. Worries are already normal and part of our lives but too much of it is not healthy anymore.

There must also be a reason on why we are like that like we risk more. If only we risk less, we can take things easily and accept whatever result we get.