Thread: RIP Bitcoin

SEC head warns investors about cryptocurrency


SNIP

Forty percent of Bitcoin is held by roughly 1,000 individuals. The second largest digital currency, Ethereum, is controlled by an even smaller amount of investors. Concentration is tighter among smaller, lesser known tokens.

This concentration makes currencies vulnerable to rapid swings should small groups of powerful investors decide to collude to manipulate markets.


Smaller investors who are out of the loop can get caught up in such massive fluctuations. SEC law also doesn’t prohibit this in the same way it does for securities.

SEC head warns investors about cryptocurrency | TheHill

Time to get Lulucoins off the ground.

Originally Posted by Luigi

Time to get Lulucoins off the ground.

https://hackernoon.com/how-to-write-...s-42d71c3fa4fe

and start to shill the reddit crypto subs

How much does a condo in Monaco cost?

17749.99 US Dollar

Originally Posted by misskit

SEC head warns investors about cryptocurrency


SNIP

Forty percent of Bitcoin is held by roughly 1,000 individuals. The second largest digital currency, Ethereum, is controlled by an even smaller amount of investors. Concentration is tighter among smaller, lesser known tokens.

This concentration makes currencies vulnerable to rapid swings should small groups of powerful investors decide to collude to manipulate markets.


Smaller investors who are out of the loop can get caught up in such massive fluctuations. SEC law also doesn’t prohibit this in the same way it does for securities.

SEC head warns investors about cryptocurrency | TheHill

Of course the SEC is running scared, they should be! Bitcoin is going to make stupid government obsolete.
Government will have to get smart or die!

They can't stop Bitcoin.

Originally Posted by Mr Earl

Bitcoin is going to make stupid government obsolete

Earl - - - - - - - - - - - - - - - - - - - - - - - - - - > The Plot (he can't find it)

Originally Posted by Mr Earl

They can't stop Bitcoin

not really , but it has the potential to shoot itself in the head

Originally Posted by Mr Earl

Bitcoin is going to make stupid government obsolete.

I doubt it in our lifetimes - but blockchains will revoloutionise the way govts transact their business - transparency and immutability should help breed efficiency , which is only a good thing

there are still many growing pains and pitfalls ahead for cryptos - both ETH and BTC have had problems in their solutions highighted in the past few months - and neither of them are really decentralised - BTC with the large amount of hash power in the hands of a few and ETH hardforking on the say so of the few

Originally Posted by AntRobertson

Earl - - - - - - - - - - - - - - - - - - - - - - - - - - > The Plot (he can't find it)

That is certainly a possibility, but it is far more likely Anty precious, that you are a totally clueless and a whole truckload of ignorant.
Something you make perfectly clear every time you post.

Originally Posted by Mr Earl

That is certainly a possibility, but it is far more likely Anty precious, that you are a totally clueless and a whole truckload of ignorant.
Something you make perfectly clear every time you post.

Yeah OK. You drink piss.

Originally Posted by misskit

I think the SEC is only saying they have no way to regulate insider trading of crypto currencies, not that it is a bad thing. Insider trading is how small holders of the stuff can get screwed.

That's exactly what they're saying.

The piss-fueled ranting about governments falling due to a commodity traded 'currency' that nobody is actually even spending is, well, daft.

Still I along with everyone still wish I'd invested though!

You also can't assume a crypto exchange isn't going to mess you around. All manner of shenanigans that are completely illegal in proper security trading – bots painting the tape, wash trades, spoof orders, just front-running your customers – are completely normal in crypto. Your threat model is not just the other traders, it's literally the platform you are putting your money and coins into.

a good rebuttal about the craze - https://www.coindesk.com/2017-butt-bitcoins-joke/

I dumped my XRP today - I bought it on a whim a while ago - and saw it was up so swapped it for ETH

I wanted to buy some TRX with it , but the price is a bit high for me at the moment - if the ETH price keeps pumping today the cross with TRX will be at a point where I will buy in

I think ETH will pull back after the frenzy

Point of order! Posting it twice makes it a re-rebuttal.

Or a double-buttal.

I'm calling the crash by Friday.

You read it here first!

Originally Posted by YourDaddy

I'm calling the crash by Friday.

You read it here first!

buddahas takes out a $10 future's contract, shorting bitcoin.

Originally Posted by misskit

I think the SEC is only saying they have no way to regulate insider trading of crypto currencies, not that crypto currencies are a bad thing. Insider trading is how small holders of the stuff can get screwed.

Typical establishment mentality, to resist the inevitable.

Originally Posted by YourDaddy

I'm calling the crash by Friday.

You read it here first!

Helps to clarify which Friday.

$17,031.99

Xrp is not meant to have much value

100 trillion tokens already out there

It is just pumping by people who have not researched it


I think even it's creator said it is not meant to have value

https://steemit.com/cryptocurrency/@...bly-overvalued

^^

You go Lu-Lu.

Why has Lulu put up the wanking symbol when its dropped 700usd between his last post and the previous one?

I see its dropped another 800usd now

His wrist must be killing him

For 700USD I'll take over and give him a break.