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Please excuse my going off-topic, but this is worth mentioning and, possibly, reading. Found this on reddit.

In brief – big guns beginning shelling from the Ripple's side (Ripple owner side). It supports my hypothesis, that we are witnessing a war of business groups over the control of a certain technology/market/whatever. Ugly, as it is, but fairly normal. And, in general, take-over battles are good for asset prices.

https://www.iflr.com/article/b1m2pm9g4n65mk/cryptocurrencies-and-us-securities-laws-beyond-bitcoin-and-ether?fbclid=IwAR2jh7GAwBYdyP1aFRpCDaF-MB9h3YKOgoikkMIa7wv4sBpepktVndNA7mw

Happy holidays!

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13 minutes ago, rom said:

Please excuse my going off-topic, but this is worth mentioning and, possibly, reading. Found this on reddit.

In brief – big guns beginning shelling from the Ripple's side (Ripple owner side). It supports my hypothesis, that we are witnessing a war of business groups over the control of a certain technology/market/whatever. Ugly, as it is, but fairly normal. And, in general, take-over battles are good for asset prices.

https://www.iflr.com/article/b1m2pm9g4n65mk/cryptocurrencies-and-us-securities-laws-beyond-bitcoin-and-ether?fbclid=IwAR2jh7GAwBYdyP1aFRpCDaF-MB9h3YKOgoikkMIa7wv4sBpepktVndNA7mw

Happy holidays!

your link is about the Howey Test (nicely explained) - is that the  link you intended to give?

When you use the word shelling - what is your meaning in this use case?  Aggressively bombarding with what intention

 

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7 hours ago, Julian_Williams said:

your link is about the Howey Test (nicely explained) - is that the  link you intended to give?

When you use the word shelling - what is your meaning in this use case?  Aggressively bombarding with what intention

Thank you for reading the link! Yes, it is it. An academic analysis by former SEC officials of SEC document. Good for understanding and positive for XRP – currency case. Should calm panicking minds, if they read such papers.

Why I used the word "shelling" – because it fits business wars, if they spill into open.  – to aggressively bombard with arguments the public and the opponents with the intention of "changing public's perception", "gaining advantage", <you name it>. 

Edited by rom
grammar?
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5 hours ago, rom said:

Thank you for reading the link! Yes, it is it. An academic analysis by former SEC officials of SEC document. Good for understanding and positive for XRP – currency case. Should calm panicking minds, if they read such papers.

Why I used the word "shelling" – because it fits business wars, if they spill into open.  – to aggressively bombard with arguments the public and the opponents with the intention of "changing public's perception", "gaining advantage", <you name it>. 

So you are saying the SEC has basically “shot their load” and now are awaiting to see their opponents hand. 
Clayton wasn’t going to hang around to wait for the response, either

3 years +? in office and leaves a shit show of a case for his successor to fight..... what a guy, family should be proud🤔

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6 hours ago, rom said:

Thank you for reading the link! Yes, it is it. An academic analysis by former SEC officials of SEC document. Good for understanding and positive for XRP – currency case. Should calm panicking minds, if they read such papers.

Why I used the word "shelling" – because it fits business wars, if they spill into open.  – to aggressively bombard with arguments the public and the opponents with the intention of "changing public's perception", "gaining advantage", <you name it>. 

I get you

to paraphrase SEC have thrown everything, including the kitchen sink, at Ripple.  To win the Howey test is the only bit we need to read.  Stay focused on the parameters and Ripple will win.  I agree it is most likely to play out this way.  I have always thought cases are lost when lawyers stray from the centre.

My impression is that Ripple have got up the noses of SEC, and I sympathise because their behaviour is obnoxious.  This response; SEC have simply gone personal and asking for a trial by jury is further attempt to humiliate.  The problem for Ripple is that the "revelations" about double dealing are very damaging to their reputation (to this reader at least), especially with their clients.  I think retail investors, once they have taken in the shock will ride the storm and continue to invest (for them it is about catching the money train). 

Search out @Pablo  His analysis is very interesting and he takes another line from another knowledgeable perspective.  He has de-risked but not sold everything.

Edited by Julian_Williams
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7 hours ago, Julian_Williams said:

Search out @Pablo  His analysis is very interesting and he takes another line from another knowledgeable perspective.  He has de-risked but not sold everything.

Thanks! He seems to be competent in law and start-up strategies. Liked his point by point responses to SEC doc. Building a start-up is very different from doing bureaucracy. I had the impression and @Pablo just made it stronger, that SEC bent the truth by picking pieces out of context. 

Also I decided to share another document, that shines still more light on the whole SEC "thing". This doc predates SEC action. https://chinatechthreat.com/wp-content/uploads/2020/12/Senate-Policy-Letter-Cryptocurrencies-and-the-Next-SEC-Chair.pdf

Edited by rom
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15 hours ago, Julian_Williams said:

I get you

to paraphrase SEC have thrown everything, including the kitchen sink, at Ripple.  To win the Howey test is the only bit we need to read.  Stay focused on the parameters and Ripple will win.  I agree it is most likely to play out this way.  I have always thought cases are lost when lawyers stray from the centre.

My impression is that Ripple have got up the noses of SEC, and I sympathise because their behaviour is obnoxious.  This response; SEC have simply gone personal and asking for a trial by jury is further attempt to humiliate.  The problem for Ripple is that the "revelations" about double dealing are very damaging to their reputation (to this reader at least), especially with their clients.  I think retail investors, once they have taken in the shock will ride the storm and continue to invest (for them it is about catching the money train). 

Search out @Pablo  His analysis is very interesting and he takes another line from another knowledgeable perspective.  He has de-risked but not sold everything.

The trial by jury is interesting. Does it mean basically the outcome would be decided by non-experts in what could be a very technical case?   

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41 minutes ago, Eric123 said:

Bitcoin 27K, Litecoin $134 and ETH $734 are tearing it up.  

XRP is obviously not participating due to the fear from the SEC's lawsuit as some exchanges halt or plan to halt trading in xrp for US users, and some crypto funds dump their XRP holdings.  I wrote Thursday when the price was .25 that if I was right, by Monday we'd see a rebound in XRP to .40.  On Saturday the price rose to .384 but that was it and right now XRP is below .30.  I am still bullish on xrp.  XRP is the only thing I'd be buying right now if I was buying anything.    

 

12 28 2020.png

I've dreamed about this rally for three years. The SEC really hurt retail investors by doing this now. They should have taken action at least two years ago, especially considering the dates and information in their allegations. Here's to hoping bitcoin successful pulls this market up. Cheers 

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@Cambridge IMO this will end up being a blip on the screen.  It's not like we didn't know that the SEC (and the entire US regulatory system for that matter) is no friend to crypto.   

Bitcoin is pulling the market up, Eth over $700 Ltc over $130, and I'm sure it will continue to do so.  This bull market has just started.  

XRP is the outlier, but XRP has basically moved on it's own for years now.  There is a lot of panic around XRP which makes for the great opportunity.  

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57 minutes ago, Cambridge said:

I've dreamed about this rally for three years. The SEC really hurt retail investors by doing this now. They should have taken action at least two years ago, especially considering the dates and information in their allegations. Here's to hoping bitcoin successful pulls this market up. Cheers 

Yes but there are loads of other coins that have barely moved during Bitcoin's rally.

I don't think we'd be at more than 65 cents even if the SEC hadn't filed a lawsuit. 

Dash is a perfect example. It was over $1000 during the last rally and now it's barely over $100.

The same can be said about the likes of Cardano, ADA, XLM, EOS and so many others.

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22 minutes ago, Eric123 said:

@Moonraker

EOS is only up slightly since November

but 

Dash is up almost 100% since November

ADA is up 60% since November 

XLM is up 100% since November 

The big parabolic run where everything goes crazy happens at the end.  This is only the beginning of the bull run.

I agree with you this XRP panic event will look like a blip, but I think for holders like myself who have been 100% in XRP it has been a black swan event.  I did not see it coming like this, and everything was launching nicely before it happened.  Anyways, this life is unpredictable.

I reinvested 45% of my stake in ADA, XTZ and EOS.  EOS has done nothing other than accumulate, which makes me think when it breaks it will shoot? Plus those Flares, I still feel I am sitting pretty.  Actually everyone will be a winner if they keep their heads and hold their portfolios.   

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40 minutes ago, Eric123 said:

@Moonraker

EOS is only up slightly since November

but 

Dash is up almost 100% since November

ADA is up 60% since November 

XLM is up 100% since November 

The big parabolic run where everything goes crazy happens at the end.  This is only the beginning of the bull run.

If you really believe this is only the beginning of the bull run then it means you're expecting Bitcoin to go much much higher.

If you're so confident then why not put everything into Bitcoin right now?

This bull run you're talking of could come to a sudden halt tomorrow - nobody knows anything for sure.

Edited by Moonraker
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