- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 12/25/20 at 2:16 pm to tigermike2004
Posted on 12/25/20 at 2:16 pm to tigermike2004
Please do not reply to me with conspiracy theories.
ETA: sorry, that was a little harsh. Merry Christmas.
I just think it's dangerous how many people in the XRP community are trying to shrug this lawsuit off with conspiracy theory level posts.
Weirdly fascinating how devoted they are and fine with completely losing their investment.
ETA: sorry, that was a little harsh. Merry Christmas.
I just think it's dangerous how many people in the XRP community are trying to shrug this lawsuit off with conspiracy theory level posts.
Weirdly fascinating how devoted they are and fine with completely losing their investment.
This post was edited on 12/25/20 at 2:35 pm
2
Posted on 12/25/20 at 3:50 pm to JimMorrison
I hate that reddit is where people seem to get most of their info on alt coins. They interpret every drop of terrible news as positive somehow. Mental gymnastics doesn't begin to describe it
Posted on 12/25/20 at 3:50 pm to JimMorrison
Regulations is in January! XRP will be ok! I hold more than XRP! My portfolio is doing nice! It will do better very soon! I haven't stressed because I know and have balls! I've seen the panic here and the SEC hasn't hit you yet
Posted on 12/25/20 at 4:13 pm to tigermike2004
I doubt the Ripple lawsuit will be resolved by the beginning of 2021. The question moving forward will be when exactly XRP was a security and when it became a currency. Multiple SEC enforcers have said in the past that digital assets can change back and forth between securities and commodities depending on how they are being used by Dev teams. There is US precedent of XRP being a currency by a FinCEN judgement in 2015. Also multiple G20 countries ( Japan, UK, etc) have clearly stated that they don’t consider XRP a security.
As I’ve said before this lawsuit is important for all cryptos. Not just XRP. SEC will likely come for others next depending on the outcome with Ripple.
As I’ve said before this lawsuit is important for all cryptos. Not just XRP. SEC will likely come for others next depending on the outcome with Ripple.
Posted on 12/25/20 at 8:16 pm to tigermed
Agreed! They have already said they are looking into Bitcoin and Ethereum! I can say this though! The new guy that took Clayton's place is a Cryptocurrecy guy! And then Brian Brooks is also so maybe it can all stop unless it's flagrant! We all know over 2000 coins aren't doing things right
Posted on 12/25/20 at 8:32 pm to tigermike2004
They aren’t looking into Bitcoin or Ethereum. The SEC has already ruled these two as commodities.
Posted on 12/25/20 at 8:46 pm to tigermike2004
They are right about XRP.
Posted on 12/25/20 at 9:31 pm to tigermike2004
You sir, are a moron. Never called anyone out like this before
ETA: Merry Christmas
ETA: Merry Christmas
This post was edited on 12/25/20 at 9:32 pm
Posted on 12/25/20 at 10:09 pm to tigermed
We hit $25k BTC baws
Posted on 12/25/20 at 10:16 pm to TigerTatorTots
ETH needs to get its butt in gear
Posted on 12/25/20 at 10:20 pm to jimbeam
Yea I'm getting smoked in the ETH/BTC ratio. Been wanting to transfer whats left of my ETH into BTC but keep telling myself to wait until Jan 1 to avoid 2020 taxes. I'm lost so much in BTC by waiting 
Posted on 12/25/20 at 10:27 pm to TigerTatorTots
It’s pretty undervalued against BTC, I know it’s been bleeding out but I think you’ll be able to gain some ground when a real alt season pops off.
That’ll require BTC to range for awhile, so it shouldn’t run away from Eth the whole time
That’ll require BTC to range for awhile, so it shouldn’t run away from Eth the whole time
Posted on 12/25/20 at 10:35 pm to RATeamWannabe
I think once retail wakes up like in 2017 you’ll see people dumping money in “cheaper” stuff.
Only a guess (Hope)
Only a guess (Hope)
Posted on 12/25/20 at 10:36 pm to tigermed
quote:
I doubt the Ripple lawsuit will be resolved by the beginning of 2021. The question moving forward will be when exactly XRP was a security and when it became a currency.
No chance the lawsuit is resolved in January '21. It could take up to 2 years if Ripple doesn't settle.
It's not about whether or not XRP is a currency or security. The SEC is charging Ripple with using XRP as an unregistered security offering. Ripple has been acting in the same manner of issuing shares as public companies.
Ripple has been selling XRP to fund their company and to profit from the sales. That is what the SEC is going after.
If you read the filing, it's pretty damning against Ripple and XRP's use case.
Even MoneyGram announced they don't use their software or ODL. Ripple allegedly paid MoneyGram for their partnership so Ripple could tout the use case publicly. Paid them in XRP, which MoneyGram immediately dumped into the public market. Yikes.
quote:
“As a reminder, MoneyGram does not utilize the ODL platform or RippleNet for direct transfers of consumer funds – digital or otherwise.”
LINK
The XRP community says this is no big deal. Nothing to see here. (Check point 345 as well)
This post was edited on 12/25/20 at 10:50 pm
Posted on 12/25/20 at 11:14 pm to JimMorrison
quote:
Ripple has been selling XRP to fund their company and to profit from the sales. That is what the SEC is going after.
This. They are correct too.
Posted on 12/25/20 at 11:49 pm to James11111
quote:
They are correct too.
Indeed. Ripple and XRP are so closely tied together that either one's failure will be the end. XRP could technically still exist if Ripple dissolved, but who would support it?
Ripple is a company that has allegedly been dumping on retail investors.
Ripple is trying to IPO next year. Good luck.
This post was edited on 12/25/20 at 11:56 pm
Posted on 12/26/20 at 1:28 am to JimMorrison
Slap on the wrist compared to most
Posted on 12/26/20 at 2:01 am to tigermike2004
BTC beasting this morning.
This post was edited on 12/26/20 at 9:06 am
Posted on 12/26/20 at 10:51 am to RATeamWannabe
quote:I used to think this way but I don't think ETH ever catches up on ratio because there is no institutional money going into ETH like there is BTC. Retail investors aren't going to outpace these major funds and companies acquiring BTC.
It’s pretty undervalued against BTC, I know it’s been bleeding out but I think you’ll be able to gain some ground when a real alt season pops off.
Page 1097 of 2241
Popular
Back to top
Follow TigerDroppings for LSU Football News