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panmores

Upcoming SEC meeting: hardly gloom and doom!!

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Enough FUD. America is not China.

Here's the conclusion from the written testimony of J. Christopher Giancarlo, Chairman of the CFTC:

Quote

 

We are entering a new digital era in world financial markets. As we saw with the development of the Internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand serious examination. 

With the proper balance of sound policy, regulatory oversight and private sector innovation, new technologies will allow American markets to evolve in responsible ways and continue to grow our economy and increase prosperity. This hearing is an important part of finding that balance.

 

This, my dear friends, is incredibly bullish.

Source:

https://www.banking.senate.gov/public/?a=Files.Serve&File_id=D6C0F0B6-757D-4916-80FD-A43315228060

Edited by panmores

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28 minutes ago, Trickery said:

It won't stop the panic!

I hope 0.2 will, if not we're fukt

So you think dropping below 0.2 will mean XRP will cease to exist and its use cases will never be realised?

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29 minutes ago, Trickery said:

It won't stop the panic!

I hope 0.2 will, if not we're fukt

It's not a panic. Those panicking sold long ago.

This is an engineered margin-squeeze, which is clearly shown by the uptakes in volume when markets take a new dive.

Can only be done by large holders, not by single panicking investors.

 

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30 minutes ago, panmores said:

It's not a panic. Those panicking sold long ago.

This is an engineered margin-squeeze, which is clearly shown by the uptakes in volume when markets take a new dive.

Can only be done by large holders, not by single panicking investors.

 

You're assuming the volume is large holders? Could it be many chickens? Or are you saying there's going to be a big pump?

Edited by Trickery

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45 minutes ago, panmores said:

It's not a panic. Those panicking sold long ago.

This is an engineered margin-squeeze, which is clearly shown by the uptakes in volume when markets take a new dive.

Can only be done by large holders, not by single panicking investors.

 

Manipulation

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