Bitcoins - about to hit $5,000 per coin today!

[Flexacon]

First of all I would say, there is no "win" here as the process is still well underway until we get to an ultimate court decision, as opposed to the opinion of a lower court.

Second, the court made it very clear that XRP is an illegal security. Ripple raised funds issuing an illegal security. That is what I explained here a number of times, and that was confirmed by the court.

The so-called "win" you are referring to, is that the court seemed to indicate that it is not a breach of certain securities laws for individuals not involved in the initial illegal issuance, to sell illegally issued securities to each other. This will obviously be appealed, and really commonsense and logic will dictate that obviously, it makes little sense for illegally issued securities to be "legally traded".

So for example, if I illegally make fake Channel handbags and sell those as the manufacturer, clearly that is illegal. Similarly, whilst not as "bad" it would still be illegal for aa buyer of such fake hang bags to sell them to others.

Further, on this aspect, there are numerous other laws and processes (apart from securities laws) (eg wire fraud, consumer protection laws, banking laws, class actions) which can (and will) be used, to take action against anyone who facilitated such trades or who engages in such trading. This is why most reputable institutions of any repute will never touch an alt / shit coin, and any exchange facilitating such trading is taking a huge risk, and why BTC will be the clear winner from all this.

Yes, there was a little pop in interest in XRP, which is not unlike Musk tweeting about doggies. Very short term blip, but really a load of nonsense and without logical basis...

The court didn't seemingly indicate anything, they explicitly stated that tokens are separate and distinct from an investment contract, so on their own are not securities.



Also your Channel handbag analogy is off in this case. Here is a better one.

I manufacture handbags and Channel come to me and ask me to make one style of handbag exclusively for them and then ship them to their approved vendors. I do this, but I also decide to sell some of the Channel handbags myself. It is illegal but this doesn't make the Channel handbags I am selling or being resold "fake". HTH

[gib]

Lol you are just trolling as usual. You know you are wrong, but others may not understand what you are doing in terms of how you post. So for those people who you might be actually confusing, and for you (if you really believe what you are are writing), here is a clipwe just published which explains. Check it out.

[Flexacon]

Lol you are just trolling as usual. You know you are wrong, but others may not understand what you are doing in terms of how you post. So for those people who you might be actually confusing, and for you (if you really believe what you are are writing, here is a clipwe just published which explains. Check it out.

I've already posted what I thought about Ripple, XRP and the "pump". The video is basically saying the same thing just in more detail.

The ripple guys deserve to have the book thrown at them. As far as XRP goes it's maybe lost too much ground as a cryptocurrency and tradfi have been working on similar solutions. A shame as it might have been something special.

I think BTC was just lagging because the judgment in Ripple vs SEC was bullish only for alts. They were just making up some of the ground they lost. Normal service will resume with BTC leading.

My original post wasn't even directly about XRP or it's future. It was about tokenisation. It's you that's tried to make it about XRP after taking an L on the whole tokens being a security subject.

A token for trading is not automatically a security. This was the biggest argument for all ALTs being a security and it failed.

[gib]

@Flex, selling unregistered shares is a felony. This has always been the case. And still is.

Its like guys to try to sell steroids calling them "research chems" or "pro-hormones". End of the day, laws will enforce on what they are, not what you call them.

Yes, there are exceptions to this rule. That has always been the case also. SEC Rule 144 lays out the conditions under which unregistered shares may be sold in cases such as these "tokens", almost none of which apply to most of the sales of XRP, or any other "tokens". For example, an exception exists if the seller is not associated with the company that issued the unregistered shares (and has not been associated with it for at least three months) and has owned the shares for more than one year, but very few "tokens" will have in reality traded in this manner.

The SEC is unlikely to go after individual sellers for now, but this does not make it "legal". Certainly, and an any case, just using commonsense, one would, for many obvious reasons, not want to be left "holding the bag" of illegally issued "tokens" as you call them (which is just a disguised term for what that are - illegal and unregistered securities). In the area of securities law, we apply a so-called "substance over form" test. In other words, a shit coin is a shit coin, not matter what you call it, and no matter how much lipstick you smear on the pig.

[Flexacon]

The SEC is unlikely to go after individual sellers for now, but this does not make it "legal". Certainly, and an any case, just using commonsense, one would, for many obvious reasons, not want to be left "holding the bag" of illegally issued "tokens" as you call them (which is just a disguised term for what that are - illegal and unregistered securities). In the area of securities law, we apply a so-called "substance over form" test. In other words, a shit coin is a shit coin, not matter what you call it, and no matter how much lipstick you smear on the pig.

You are missing an important distinction here and that's that I didn't call them a token. The court opinionated Judge in the Ripple vs SEC case did.

Also as I posted earlier it was the court opinionated Judge, not me that explicitly stated that tokens are separate and distinct from an investment contract, so on their own they are not securities.

You can argue we me until you are blue in face, I could even eventually agree with you, but the fact will still remain that were wrong. Maybe you should contact Gensler and offer him your expertise to get this overturned. Because unless that happens the fact will remain that you were wrong.

[obsidian]

Mmmmm 2,000 days of not being able to make an ATH. when the biggest pump hype argument it’s been waiting comes in it only bumps an extra +50%. Sorry but I’m not excited over that at all because it Got dumped from a 2,000 days downtrend which is not good news.

Every main coin is above its 2017 ATH meanwhile XRP is -77% down. There are no more court cases to win for XRP, it’s already not a security. An old coin now has to fight 60,000 other alt coins for money share and the one till it had has been used.

The one fly in the ointment for crypto is the crowd learned to head straight for new alts. All those NFTs of punks and monkey’s are trapped.

XRP is down because the SEC sued Ripple and this caused many exchanges to delist it. Believe what you want. XRP will probably go to $10 at some point.

[obsidian]

dont make me laugh , this is just more shit coin dick suck , that gay little list doesnt change the fact that ethereum can disappear over night with the push of a button and bit coin is invincible/immortal

Which button would that be? You sound very gay with your Bitcoin maxi-pad infatuation/adulation.

[obsidian]

Any small cap shitcoin can outperform BTC in the short term. That does not make shitcoins a good investment I have explained this earlier.  I could create a shit coin, and make one trade to a 3rd party, giving it a theoretical market cap of a Billion in a split second. So if you think shit coins are a good investment on this basis, then I have one to sell you...

Doge outperformed BTC by a huge margin over the last 5 years.

Doge was launched in December 2013 and for 97% of Doge's existence, it outperformed Bitcoin. 112 months out of 115 months.

Bitcoin was created in January 2009, which makes it a little over 14.5 years old. So for about 9.33 years out of 14.5 years of Bitcoin's existence, Doge outperformed it. Doge outperformed Bitcoin for around 64.36% of Bitcoin's existence.

That's your price history right there.

So is it a shitcoin? It's still around in 2023.

[obsidian]

Any small cap shitcoin can outperform BTC in the short term. That does not make shitcoins a good investment I have explained this earlier.  I could create a shit coin, and make one trade to a 3rd party, giving it a theoretical market cap of a Billion in a split second. So if you think shit coins are a good investment on this basis, then I have one to sell you...

Then go ahead and do it if it's so easy. What are you waiting for?!

[obsidian]

Lol you are just trolling as usual. You know you are wrong, but others may not understand what you are doing in terms of how you post. So for those people who you might be actually confusing, and for you (if you really believe what you are are writing), here is a clipwe just published which explains. Check it out.

That's an echo chamber channel - Simply Bitcoin and the douche is wearing a Bitcoin hat. That's a maxi-pad channel lol!

Ever noticed how BTC maxis shit on all other projects? Michael Saylor is a complete dick. He's got a stack of BTC and is constantly trying to pump his "investment" while deriding all other projects. And he also makes a lot of BS statements like Bitcoin is a completed project and never changes. What was the taproot upgrade then which accidentally unlocked the "ordinals" exploit? Now they are acting like it is a bonus while it slows Bitcoin down to a halt sometimes.

Bitcoin has developers just like Ethereum does, only less. They are human and can screw up like any developer. Saylor acts like Bitcoin stands completely clear from an outside intervention like one of the 4 fundamental forces in the Universe. That's incorrect.

https://coinmarketcap.com/alexandria/article/who-are-bitcoin-cores-developers

[gib]

Ever noticed how BTC maxis shit on all other projects?  What was the taproot upgrade then which accidentally unlocked the "ordinals" exploit? Now they are acting like it is a bonus while it slows Bitcoin down to a halt sometimes.

Bitcoin has developers just like Ethereum does, only less. They are human and can screw up like any developer. Saylor acts like Bitcoin stands completely clear from an outside intervention like one of the 4 fundamental forces in the Universe. That's incorrect.

"Projects" - lol. Almost every single one of these "projects" are very obvious affinity scams designed to trick you to passing your Bitcoin to "project founders" who then give you a shitcoin, take your Bitcoin, and then dissappear, maybe to do it all over again. (I know some shitcoin founders who are on their 3rd shitcoin scams - all are multi millionaires, one is a billionaire - its not not for me. If you only know how they laughed at you guys when we are out on their yachts etc. It makes me feel sick to my stomach. And I am not joking- this is 100% legit. I could have been part of it, but its not something I feel comfortable with. But I know how it works. I have been in countless hours of alcohol and cocaine fueled shitcoin launch discussions with these guys. I won't mention the specific coins here, but most would be quite well known (as in top 200 shitcoins). One guy actually raised 4 Billion USD (and quietly settled with the SEC). (Let's see if anyone can guess what the coin is).
 
We have discussed ordinals before. Not sure what your point is. The BTC blockchain always had some space for data to be stored. How that will be used is market driven.

Huge difference between a controlled and centralized blockchain (eg eth), which any any point the masters can screw you, and BTC (proof of work - everyone is equal).

[Flexacon]

XRP is down because the SEC sued Ripple and this caused many exchanges to delist it. Believe what you want. XRP will probably go to $10 at some point.

Who knows what price it goes to in the future, but you do not want to become exit liquidity.

Ripple have been dumping on XRP on holders since inception, and they are likely selling hard into this XRP pump so they can pay the SEC fine.

[gib]

Who knows what price it goes to in the future, but you do not want to become exit liquidity.

Ripple have been dumping on XRP on holders since inception, and they are likely selling hard into this XRP pump so they can pay the SEC fine.

Agree.

[gib]

"...but not all shitcoins are scams..."

Good discussion here:

[Mayday]

"...but not all shitcoins are scams..."

Good discussion here:

It’s all scams.

At least Bitcoin is open enough to say hey just buy and hold for as long as you can and perhaps it’s worth more.

What crypto is legit used for anything in 2023?

We had 6,000 alts in 2017. We have 50,000 of the fuckers now. Literally and entire segment of alts is based on memes where the act of buying one is actually a pisstake.

[ROBOAK]

It’s all scams.

At least Bitcoin is open enough to say hey just buy and hold for as long as you can and perhaps it’s worth more.

What crypto is legit used for anything in 2023?

We had 6,000 alts in 2017. We have 50,000 of the fuckers now. Literally and entire segment of alts is based on memes where the act of buying one is actually a pisstake.

drugs,prostitution,laundering

[blackpele]

That's an echo chamber channel - Simply Bitcoin and the douche is wearing a Bitcoin hat. That's a maxi-pad channel lol!

Ever noticed how BTC maxis shit on all other projects? Michael Saylor is a complete dick. He's got a stack of BTC and is constantly trying to pump his "investment" while deriding all other projects. And he also makes a lot of BS statements like Bitcoin is a completed project and never changes. What was the taproot upgrade then which accidentally unlocked the "ordinals" exploit? Now they are acting like it is a bonus while it slows Bitcoin down to a halt sometimes.

Bitcoin has developers just like Ethereum does, only less. They are human and can screw up like any developer. Saylor acts like Bitcoin stands completely clear from an outside intervention like one of the 4 fundamental forces in the Universe. That's incorrect.

https://coinmarketcap.com/alexandria/article/who-are-bitcoin-cores-developers

Even though I really like the project (BTC), the whole community is a unbearable. I hope in the future this changes and the only way I see this happening is by liquidating guys like Saylor, so it has to go below $10k.

[Mayday]

Even though I really like the project (BTC), the whole community is a unbearable. I hope in the future this changes and the only way I see this happening is by liquidating guys like Saylor, so it has to go below $10k.

Microstrategy will sell some of their holdings in 2025. It’ll be the CEO who breaks the news so Saylor doesn’t look 2 faced.

Just like how Tesla wasn’t going to sell and then they sold.

Blackrock ETF gets approved. Grayscale doesn’t and then 600,000 coins becomes a heavy weight as people move to Blackrock.

Remember how Gold is price suppressed for decades….. 👀 remember how we had the largest inflationary period of our young generation and gold did +9% from prior ATH….. 👀  gee I wonder how Bitcoin could have it’s price suppressed long term…. 👀

[OneMoreRep]

It’s all scams.

At least Bitcoin is open enough to say hey just buy and hold for as long as you can and perhaps it’s worth more.

What crypto is legit used for anything in 2023?

We had 6,000 alts in 2017. We have 50,000 of the fuckers now. Literally and entire segment of alts is based on memes where the act of buying one is actually a pisstake.

Not sure Mayday.

Chainlink is in fact working with SWIFT and it does connect everything blockchain related, does it not?

I think that one shows promise. The others I'm not too sure.

"1"

[Mayday]

Not sure Mayday.

Chainlink is in fact working with SWIFT and it does connect everything blockchain related, does it not?

I think that one shows promise. The others I'm not too sure.

"1"

It’s the realist in me which makes me sound pessimistic vs normal folks.

I’ll preface this with I like the idea of Chainlink. I had this earmarked to buy if we take a BTC pullback.

Not including ETH and BTC but includes stables.
2017 a handful of alts worth 232B
2021 6,500 alts worth 960B
2023 60,000 alts worth 350B….. 👀  market diluted 10x at 36% of its prior peak value
2025 600,000? Alts worth 1.5T?

today the diluted value is 4% of 2021 and if the above plays for 2025 then liquidity halves from here.

The sad reality is the Adoption of alt coins is not outpacing saturation which leads to illiquidity.

I encourage the moon talk on social media because it’s in my favour and I’ll be dumping on those people. I’m not about to lie to people on here though.

[gib]

The sad reality is the Adoption of alt coins is not outpacing saturation which leads to illiquidity.

I came to this conclusion right at the outset of my Bitcoin adoption journey. Which is why I have always pushed the maxi approach. United we can all thrive. Divided and diluted we fall.

[Theoak*]

Brilliant  👏

https://twitter.com/VandelayBTC/status/1685074574570897408?s=20

[Mayday]

Brilliant  👏

https://twitter.com/VandelayBTC/status/1685074574570897408?s=20

Reqlvision have gone full scammers now. They’ve launched multiple NFTs which are useless pieces of shit jpegs.

Buy BTC, ETH, DOGE and call it a day.

[gib]

G B T C $$$
https://grayscale.com/wp-content/uploads/2023/08/GBTC-Decision-829.pdf?

[gib]

G B T C $$$
https://grayscale.com/wp-content/uploads/2023/08/GBTC-Decision-829.pdf?

Hell yeah!