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Showing content with the highest reputation since 03/22/2021 in all areas

  1. Since the SEC has now confirmed in court that it has never issued an official statement that BTC and ETH are not securities, wouldn't it be prudent for US exchanges to delist those cryptocurrencies, as they did with XRP? I mean, they might be involved in selling unregistered securities, right? The SEC just said so in a court of law. It seems like the careful and cautious thing to do would be to immediately halt all trading of Bitcoin and Ethereum in the US. Luckily, the SEC has also said in court that they are not going to prosecute individuals trading XRP, that they are only interested
    27 points
  2. I was participating undercover :). The trolls became too overwhelming while XRP was in the dumps, I figure its safe to come out again.
    27 points
  3. It's been a long, emotional last few years for me in this crypto space. Having jumped in and spent a considerable amount of money buying XRP at the top, the best advice I took was to keep buying to lower my average buy in price which I've been doing for the past few years now. 2020 was a particularly difficult year having lost my father to Covid. It's been a massively emotional and devastating time for the whole family and easily the toughest time of my life. Trying to take my mind off things led me to a 1 hour stint on my PC where I just decided for some unknown reason to just
    25 points
  4. Seoulite

    Guessing corrections

    OK @banistersmind I figured I'd create a new thread for this so we don't clog up the other thread with a long post. Unfortunately you've asked me to justify the hardest prediction to justify, which is how a correction will look. This is why I said it was a very rough guess. Corrections are the hardest time in the market to trade and some traders avoid them totally for that very reason. But I will go through some of the ideas that I have been studying and others I've picked up over the last few years. First a couple of key principles of the market you need to understand: 1.
    22 points
  5. As of this writing, bitcoin transaction fees are $51.64. For those of you who are into patterns and cycles, the end of the last bull run coincided with fees going above $50. This is the first time it has happened since then. I have a BTC maxi friend. Genuinely curious, I asked him how people in bitcoin circles talk about high transaction fees; are they seen as a problem or not? He pointed me to this podcast interview with Michael Saylor. Luckily, the website shows a transcript of the whole thing, so you can scan through and browse at leisure. One of his main arguments for BTC
    21 points
  6. https://www.forbes.com/sites/roslynlayton/2021/04/08/in-the-ripple-case-the-sec-is-now-on-trial--and-knows-it/amp/?__twitter_impression=true "..... Netburn ordered the SEC to produce all communications related to XRP, bitcoin, and ether where a third party was involved, and any formal internal documents “expressing the agency’s interpretation or views” on cryptocurrency, and to deliver them to Ripple. She granted most of Ripple’s motion, which means that the discovery could be a treasure trove of embarrassing information for the SEC. This could mean game over for the SEC’s case against Ri
    21 points
  7. These threads are being derailed by childish banter, could you please keep things on topic and move your chit chat elsewhere. The forum is becoming less interesting for many of us.
    21 points
  8. 0 - 6.00 About his background 1997 live in Bay area and was a techy The Peanut manifesto at Yahoo. 6.00 when he joined Ripple was working on 3 projects - global ID project/ Smart Contract and Payments - decided to focus on payments. 8.00 Need for identity tech 9.00 Mike Arrington 10.00 He is a very private person with a sense of humour 11.30 - First encounter with crypto 2012 - conference - Bitcoin - he is long on BTC and very bullish on BTC. Only other coin he ha had a lot to deal with is File coin 14.00 SEC lawsuit - he has to dodge some questions,
    20 points
  9. I really don’t understand why the forum has been getting so heated lately when we are doing SO WELL after YEARS of being in the gutter. You’d think everybody would be saying hello, good morning, how are you? Oooh everything’s fine thank you for asking, how about you sir? Instead we get incessant fighting from what I can only imagine to be either children (teenagers), and very young adults. The old timers get caught up in it too! Just automatically ignore them, don’t even respond, it’s a waste of time, it spoils the mood and it detracts from an otherwise good thread. That stuff c
    19 points
  10. So ... She said that Deaton may now ask if we can intervene. Movin' right along LOL By April 19, Deaton has to file the motion By May 3, SEC and Ripple have to respond to the filing By May 17, Deaton has to respond to SEC & Ripple responses
    18 points
  11. Well written and compelling. And thanks to John Deaton for all of his hard work! https://www.crypto-law.us/wp-content/uploads/2021/04/Memorandum-of-Law-in-Support-of-Motion-to-Intervene.pdf
    17 points
  12. I'm finally in the green. After three years, I'm finally in the green.
    17 points
  13. Today/last night is a harsh welcome to the people that have just recently joined in on crypto in the last few weeks/months @Mummabearinvestor (welcome to the club). Taking advantage of the low volume weekend to crash the price, trigger stop losses and gobble up your coins. Last night is the reason I always say that 1. you should never buy crypto on margin and 2. you should never use stop losses. This is exactly why so many people lose money in a bull crypto market. Am I concerned about this price drop? Not at all. I was actually more concerned about the hashrate drop until I found
    16 points
  14. Apologies for taking so long to get around to this. I modified my scripts, but for reasons I could not explain, my graphs just didn't look right. Last night I played some more and found the root of the problem - so I am now posting my latest findings, which are still not perfect, but look reasonably good. I'm getting sales volume data from Cryptocompare (CC from now on) using their "top tier" volume, which filters out some of the exchanges suspected to be inflating their volume. The data looks like this for the last few months. I plot the CC data alongside the bitstamp volume - just beca
    16 points
  15. jbjnr

    Guessing corrections

    I'd like to have a go at this ... 1) Ripple have signed deals with 300+ FIs/banks etc 2) Ripple have tested ODL with MGI for a year and ironed out any obvious problems. Clearly it wasn't a massive success, but this is stage #1 in the major experiment to rewire the finance industry, we expect it to take some time (8 years and counting!). They transferred several billion's worth of $$$ during the trial, which is something no other blockchain network has come even remotely close to (and most remarkably, until a few days ago, other networks that are not even live yet had higher valuatio
    16 points
  16. Quite possibly the best news we've had for a couple of years. Since the MoneyGram partnership ended and ODL dried up, there has been very little reason to expect xrp to rise in value and fulfill its potential (other than the usual speculation based on SEC news etc). A 40% stake in a payments company is a massive signal to the industry that Ripple has not given up its plans to push xrp forwards with ODL - and for those of us who expect ODL to drive value into xrp, it's a huge incentive to keep holding on for a bit longer.
    16 points
  17. https://www.dropbox.com/s/kxzkvu64gnl8cn9/Discovery Dispute Letter Motion with Exhibits 4.16.2021.pdf?dl=0 "1. The SEC May Not Conduct Discovery Outside The Scope Of The Federal Rules OF Civil Procedure" "2. THe SEC Has Further Violated The Federal Rules By Refusing To Give Notice To Defendants And Produce Its Requests and Related Communications With Foreign Regulators." (Apparently judge hasn't ruled yet; looks very good for Ripple, however.)
    15 points
  18. It's worth pointing out the difference between ripple's sales and Jed's. I did some extensive research on it in this thread https://www.xrpchat.com/topic/28981-analysis-of-ripples-xrp-sales/ and this one https://www.xrpchat.com/topic/29985-q4-analysisprediction/ and found the alarming rate of 3% of daily volume, which was revised downwards when I changed data source and Ripple (to their credit) reduced their sales sometime later when they decided that the volume figures they were using were inflated by wash trading from dodgy exchanges and they now use only cryptocompare "top tier" data I beli
    15 points
  19. 15 points
  20. XRP needs to cool its jets and let the MA10 catch up. Consolidating very bullishly here. I think the next few weeks are going to be very rewarding for XRP holders.
    14 points
  21. Already said it before and I know for some of you its too bullish to speak it out loud but with this mess produced by the SEC the chances for XRP probably being the only coin with actual clarity are very well increasing. We have now the SEC stating on court that they never officially determined ETH and BTC being a Non-security but on the other hand XRP potentially could get a court ruling in its favour. If this is to happen what will the big money (hedgefunds etc) which are allegedly buying btc in this run choose then? A ruling in XRP's favour combined with more shady sec-btc
    14 points
  22. It's long, some quotes that stood out to me. Emphasis mine: In January 2020, Bailard, a wealth and investment management firm, submitted its Code of Ethics for the SEC’s approval. The section that deals with the cryptocurrency asset class reads as follow: In light of the extremely complex nature of the legal analysis regarding cryptocurrencies to determine which ones are securities and which ones are not, Bailard has decided to allow investments in three cryptocurrencies – Bitcoin, Ethereum, and XRP – that are generally accepted to be currencies and not currently subject to regulatio
    13 points
  23. Well it is not a victory yet, the judge will decide. It is funny though how SEC claims Ripple has not much of a use case for XRP, and then goes on and request business info from companies all other the world that collab with Ripple
    13 points
  24. This is well written gold. Too many worthwhile quotes to share, read the whole thing please. https://www.forbes.com/sites/roslynlayton/2021/04/08/in-the-ripple-case-the-sec-is-now-on-trial--and-knows-it/?sh=167320454bd6
    13 points
  25. $2, like $1, is a huge psychological level. There will be a lot of buy and sell orders already clustered around it. This is not just crypto, these big whole numbers are also significant in forex and commodities. I think it's because they are so simple and easy to understand. Ever since we started to learn to count we've understood the idea that after 1 comes 2, and after 2 comes 3. It's also a nice big number that's easy for people to calculate their take profits and limit orders around. Right now it is not a question of bears shorting xrp, they have long been routed from the field. Anyon
    13 points
  26. Bitcoin's price moved down in the afternoon yesterday bringing it below the down trend line which did not provide support. Even with over a 10% change in price from the highs yesterday to the lows today Bitcoin is still in basically boring sideways movement and the Bollinger Bands continue to tighten. As happens with these down movements, the panicky FUD then comes out - rattling the hell out of the newcomers. This is a recipe for losing money in a crypto bull market. IE. people FOMO in at $60k then put a stop loss in at $55k, $52k or whatever price, their stop loss gets triggered a
    13 points
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