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robertbruce

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  1. Like
    robertbruce reacted to Pablo in Individual Defendants file letter and Peirce & Roisman statement as supporting Motions to Dismiss amid "significant regulatory uncertainty regarding when digital assets may be classified as securities by the SEC   
    That's very kind of you to say that. I'm definitely an outlier in my views so it feels strange to think that anyone else would read my posts. Some have commented that my views have changed recently. Actually, that's not quite right - I started life on this forum unpicking Hodor's blog posts so I'm pretty consistent - skeptical and prepared to dig into sources while others skim over the top. I mean, check that post I linked from 2017 - not too shabby, even if I say so myself.
    One thing has changed this year - I'm no longer simply an observer and investor. I'm working in the space.
    OK, onto the questions - and apologies because this might be the last time I post for a few days. I'm pretty busy!
     
    I've seen these types of comments appear frequently and not just in the context of this case. The fact is that the SEC did offer detailed assessment of ICOs, crypto sales and DAOs in their DAO report published in 2017. The report wasn't perfect but it was a start. Reading it now, it's hard to say people were not put on notice or weren't warned:
    Ripple got its own advice in 2013 and the advice was that there was a risk that sales of XRP could be viewed as an unregistered securities offering. The investors in Ripple also got advice and were aware of the risks. That's why they took steps to protect their investments via redemption clauses. Coinbase took advice and viewed XRP as a risk for a good long while until they cracked under investor demand. So everyone knew and mitigated their risk accordingly. Except us.
    The main question for me is not why is Ripple being prosecuted, but rather why are other projects such as Algorand, Ethereum and the big DeFi projects not being prosecuted.
    Agreed - that's exactly what Ripple have done. My post was using short-hand to cut to the chase but I'm glad you bring this up. The fair notice defence is a pleading in the alternative because the consequences of successfully pleading that defence leaves Ripple in a bind after the case is over.
    What Ripple really needs here is a positive declaration that their sales of XRP are not unregistered securities offerings. The fair notice defence doesn't give them that. Fair notice is only a short-term tactical victory because it doesn't resolve the uncertainty around future sales of XRP in the US nor resolve the secondary market questions.
    Now we're back to the question of leverage and negotiation with the SEC which I've always said is the main game. Without a comprehensive statement from the courts endorsing Ripple's sales of XRP, Ripple needs to go to the negotiating table with the SEC to provide clarity to all market participants.
    I'm guessing the parties already tried to settle and failed. That has to be because the SEC will not accept Ripple's continued sales of XRP in the US market and intends to take this to the wire.
    I'm not concerned about secondary markets. I just wish the secondary markets agreed with me.
    In response to questions from Justice Netburn at the March 19 hearing, Jorge Tenreiro confirmed that the SEC does not view secondary market participants as within the scope of the Securities Act violations being alleged:
    That was a huge bit of news for me and I'm disappointed it didn't give exchanges the clarity they needed to rethink their delistings. It says a lot about how unsophisticated the exchanges are.
    Love it. The Aussie in me loves that type of reply - direct and to the point. More please!
  2. Like
    robertbruce got a reaction from Julian_Williams in SEC Response to Defendants’ Letters re Peirce and Roisman   
    silent not so methinks - busy grooming his legals for this - nuthin' proactive has come yet!
  3. Thanks
    robertbruce reacted to WrathofKahneman in SEC vs. Ripple: Court Schedules Telephone Conference for July 15, 3:00   
    So the judge seemed concerned overall about Ripple's eagerness to depose Hinman to find out about 3rd party conversations, in addition to the speech he gave. The Ripple team complained at the end that the SEC was stonewalling everything by invoking deliberative privilege.  She granted the deposition noting that Ripple might cut off their nose to spite their face pursuing those 3rd party convos, in part I assume because she made clear there were other ways to gain knowledge of those besides deposing Hinman directly and didn't want him deposed 2x.  It's clear though she thinks the case is exceptional and the Hinman speech is important.
    Then the Ripple defense raised the issue of meeting with ETH a week before his speech. 
    She replied, "understood".  
    very interesting.
     
  4. Haha
    robertbruce got a reaction from Chookstar in Epic Pennant on BTC Chart   
    "Hi, my name's robertbruce and I'm a Hodler. It's been 3 years, 11 months and 34 days since my last daytrade" 8)
  5. Haha
    robertbruce reacted to Xrpdude in Epic Pennant on BTC Chart   
    Simple fact: bull run over. 
  6. Haha
    robertbruce reacted to xrp_sea in Epic Pennant on BTC Chart   
    Smartest post I've seen in a while on here. 
  7. Thanks
    robertbruce reacted to Eric123 in Epic Pennant on BTC Chart   
    Has everyone marked themselves safe from the crash???  Gonna give a pep talk today - seems like it's needed. 
    The Bull Run is not over.  Nothing has changed.  Liquidity is low - There are not a lot of Bitcoin available to trade, conversely there is a lot of money out there.  Wild swings are to be expected. 
    My price target for Bitcoin is still $400k in this run.
    Look at the 2017 bull run. There were 5 drops over 30% during that run.
    Jan 4 high 1,139- Jan 7 low 751-  Price drop 35%
    March 10 high 1,350 - March 25 low 891 - Price drop 34%
    May 25 high 2,760 - May 17 low 1,850 - Price drop 33%
    June 11 high 2,967 - July 16 low $1,830 - Price drop 39%
    Sept 2 high 4,488 - Sept 15 low 2,972 - Price drop 34%
    This is why I've been writing that Bull Markets are much more stressful than Bear Markets.  You go from feeling like - I'm gonna be rich I never have to work again - to a week later thinking - I'm ruined I need to get a second job.  Many people get shaken out along the way and end up losing money.   
    When this run is over if you held -  people will tell you how lucky you were to get Bitcoin at $30k or XRP at $1 as if, if they would have bought at those prices - they would have held till the high -  when the truth is they would have gotten shaken out a dozen times before the high. 
    Buy low - hold - sell high - simple right?  Simple but not easy - like saying - all you have to do is swing the club (bat) and hit the ball.  Few people can actually do it.  
    The advice I give to my friends is this-  Buy the Dips - Don't use Margin - Don't use stop losses - Don't sell.
  8. Like
    robertbruce reacted to Elysium2030 in Epic Pennant on BTC Chart   
    Its not to late to sale. Still a good win. 
    I wont sell a Single coin
  9. Like
    robertbruce reacted to mrhat75 in Epic Pennant on BTC Chart   
    I guess you need to be stupid to win in this space. Buy coins that cost $50 to transact and take 3 hours. Buy doggy coin. **** any project that actually offers something legitimate. A world of retards
  10. Thanks
    robertbruce reacted to solid102 in Charting the course of XRP   
    I been in this game for 4 years now do you want to know the number of people who were able to predict things 50% of the times correct? Zero.
     
    While it is great someone predicted something that turned out to be true now and proclaim to be a genius but even a broken clock is right twice a day.
  11. Thanks
    robertbruce reacted to B088IN in SEC vs Ripple Hearing 05/21/2021 @ 2PM EST   
    Apologies, yes, she would disagree with the saying, not you 👌👍
  12. Like
    robertbruce reacted to PlanK in Charting the course of XRP   
    ^
    How do you know it is gonna drop?  Any certainty?
    Anyone who has held for nearly a decade can hold longer because it's not their primary investment. They can see the unpredictability of their crypto holdings and appreciate it is just part of a longer term strategy diversified over a range of assets with differing risk.
     
  13. Like
    robertbruce got a reaction from panmores in SEC vs Ripple Hearing 05/21/2021 @ 2PM EST   
    Those that can, do. Those that can not, teach - so true so far!
  14. Like
    robertbruce reacted to NMNR in Epic Pennant on BTC Chart   
    My take on the whole China news is that China themselves haven't been satisfied with the sell-off i.e. I think they want a specific price target to buy BTC and retail are preventing the price from collapsing. It's the only reason i can think of for the same information/news been circulated every other day.
    Was shown this today. 
     
  15. Like
    robertbruce reacted to Neurotoxin in Epic Pennant on BTC Chart   
    This is a bit reassuring, and also concerning simultaneously lol. 
  16. Like
    robertbruce got a reaction from Neurotoxin in Charting the course of XRP   
    and they don't even need to be centralised, colluding. One actor would "get" what another actor is doing and toss in his 2 cent's... oh wait, 2 Billion
    It's All Jolly Good Fun from these government officers! indeed
  17. Thanks
    robertbruce reacted to Neurotoxin in Charting the course of XRP   
    It’s all blatant market manipulation not only by Elon, but by a great deal of institutions. They’re all in on it. When prices are sky high breaking or pushing ATH, they’re emptying their bags and simultaneously putting out great news leading people to FOMO in so they can keep dumping their bags on retail without it crashing really hard. 
     
    After they’re done emptying their bags and want to r-eaccumulate, since their dumping eventually leads to crashing, the narrative changes and they start spreading FUD. All of a sudden they *just* realized BTC is bad for the environment, they say Apple and other companies won’t be adding crypto into their balance sheets, Tesla says they won’t be accepting BTC as payment, etc. This leads to panic selling and further sell-offs and huge dumps while institutions are buying at the bottom so they can change the narrative once they’ve scooped up “enough” at the bottom and they’re ready to put that narrative on FOMO mode so they can yet again dump their bags at the top on retail. Rinse and repeat and nobody gets fined or goes to jail. If anything, regular, honest, hard working citizens/plebs ruin their lives financially in the process and end up with crippling debt just so the rich could once again milk the general population and get richer. It’s so obvious and happening in plain sight that it’s sickening how nothing is done about this. In this life, it really is pay to win, and the ones who are rewarded are the ones whose pockets are bottomless. 
  18. Like
    robertbruce got a reaction from retep in Charting the course of XRP   
    Hitting 'Enter' makes a paragraph break... hitting 'Shift Enter' makes a line break. Paragraph Breaks also break formatting if desire...
  19. Like
    robertbruce reacted to Sadruk in Xrp breakaut is ready any time boom   
    Xrp is ready to high jump 1.82usd  after 6am tik.tik boom anytime

  20. Like
    robertbruce got a reaction from XRPwinning in "XRP is the HARDEST and most DIFFICULT coin to hold of all coins"   
    True.
    There's too many ways to take the tweet, rewarded with insanity anyone... yerr-nahh, im looking forward to what flare/xrp can do over a long term
  21. Like
    robertbruce reacted to Pablo in Guessing corrections   
    I'm no good with TA and in fact I've never used it much. That said, I think it's possible we see $4-5 over the next few weeks. I'm basing that not on technicals but XRP's almost criminally oversold price and the fact we won't hear much news from Ripple HQ while the lawsuit is continuing. It seems counter-intuitive but throwing a blanket over Ripple execs has helped the price a lot.
    I can't prove this obviously but I also wonder if some of the big market makers such as SBI have stopped or slowed down their XRP sales. They can sell millions with guaranteed 15-30% discounts at spot so taking them out of the market removes a lot of selling pressure.
    So yes, it's very counter-intuitive and probably wild speculation, but the SEC case might actually be helping us in the short term (unless we get bad news along the way which hasn't happened yet).
    I'll let the TA maestros chime in on the technicals.
  22. Like
    robertbruce got a reaction from banistersmind in Charting the course of XRP   
    i was thinking the same at about the same time... we are so predictable!
  23. Like
    robertbruce got a reaction from Cesar1810 in Fund Instant Cross-Border Payments With a Line of Credit From RippleNet   
    Nope, When you pick a fight, you pick a fight with the biggest around, SWIFT! In that fight your small, but skilled, You whack him one in the chin, MGI, a light stun. Then you quickly bounce around the crowd, looking for your seconds, it gets foggy, you threaten his seconds and the spoilers step in, VISA, PAYPAL. Now your fighting three at once! You untie your right arm, there's a tatt on it, XRP! LOC! Now there is madness, the seconds are fighting each other, the crowd is jostling in, it looks like an all-in. A trumpet sounds, you holler "To Me All! Your allegiances are waned! To Me All! To Me XRP ODL!! The crowd roars and surges forward............... to be continued..
    Just Like Brad said in 2018, 3 to 5 years!
     
  24. Like
    robertbruce got a reaction from DannyRipple in Fund Instant Cross-Border Payments With a Line of Credit From RippleNet   
    Nope, When you pick a fight, you pick a fight with the biggest around, SWIFT! In that fight your small, but skilled, You whack him one in the chin, MGI, a light stun. Then you quickly bounce around the crowd, looking for your seconds, it gets foggy, you threaten his seconds and the spoilers step in, VISA, PAYPAL. Now your fighting three at once! You untie your right arm, there's a tatt on it, XRP! LOC! Now there is madness, the seconds are fighting each other, the crowd is jostling in, it looks like an all-in. A trumpet sounds, you holler "To Me All! Your allegiances are waned! To Me All! To Me XRP ODL!! The crowd roars and surges forward............... to be continued..
    Just Like Brad said in 2018, 3 to 5 years!
     
  25. Like
    robertbruce reacted to Duke67 in Fund Instant Cross-Border Payments With a Line of Credit From RippleNet   
    I think this is wonderful news. Like that using the ODL product, Ripple has finally found a way how to fully unleash the power of their 45B XRPs. The effect can only be positive on ODL use and XRP usefulness. Long term definitely very positive on XRP price and short term I am not so sure how it will be played out, but my guess is that once this line of credit product is available, we will start to see the price steadily going up.
    Ripple has a team of devoted and motivated professionals of various crafts and this is what makes the company a true and only winner.
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