re: Official CryptoTalk Thread

These are the days to be grateful for.

I put more limit orders in at 40k and 35k.. I imagine support is gonna be massive at 40k and if we break through it it could get nasty

But from a macro perspective; I just don’t think that’ll happen. I don’t trust humans not to behave irrationally though so we shall see.

Maybe the TA can help spot bottom it’s recovering a little now

TA was giving buy signal



The arrow is a buy signal. And yes there is massive support at 40k

Odin said this morning he thinks we could see 38k, kub said that too but both think its a quick shake out if we do.

welp at least doge is no longer a top 5 crypto

I can dig it

I love that SHIB can added to Coinbase

These meme coins are eating each other

Turns out his loyalties alight much more with the common Goldman Sachs shill and much less of the MIT crypto enthusiast I thought he'd be.

How I feel about Gensler:




Key quotes from Gary Gensler's interview with the Washington Post.

There are innovations in the Bitcoin whitepaper that Satoshi put out about 12 years ago. Satoshi's Bitcoin has been a catalyst for change in finance. It's pushing central bankers to reconsider how to provide better payment systems. I dedicated years to study and teach it. I wouldn't have done it if I didn't think it was interesting and innovative.

SEC's job is to protect investors from fraud. In the world of finance, it's human nature that people come along and try to sell something and exaggerate in the classics of hucksters in the world.

If these 6000 different tokens have the attributes of an investment contract or attributes of equities or bonds, they are a security. Trading and lending platforms have hundreds and thousands of tokens that fit the definition of a security.

These platforms have not registered with us. We're going to keep bringing these enforcement cases but there's going to be a problem and a lot of people are going to get hurt. This field is rife with fraud and abuse and hucksters.

If you raise money from the public and they are relying on you to build a platform with an anticipation of profits, that's an investment contract. It's a straightforward idea.

There are platforms trading securities, platforms that have lending products and what's called staking products. With staking coins you put a coin at the platform and you earn a return. They can come in and we'll figure out how best to get them within the perimeter. We'll also be bringing those enforcement actions as well.

Stablecoins are acting like poker chips at the casino right now. SEC is working with the banking regulators on stablecoins.

Its almost like he is saying they are going to go after the low hanging fruit and by that, in their attempt to make it more "Safe", funnel people into some of these US based exchanges. From there my guess is they could start to filter into other things, but I kind of read it in a way that he understands some of these DEXs are just going to be around and shite and meme coins are here to stay.

1st video in link here: LINK

Yea I took it as a risk.

I was actually getting ready to use Blockfi but trying to figure it all out now.

quote:

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comments put a company like Celsius or Blockfi at risk. Do I move funds off of it? 

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they'll give you 30-60 days to remove your coins. they've did this in a couple states already