Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 1772348 times)

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11225 on: September 29, 2024, 03:21:27 AM »
If not for the Securities Act of 1933 you would not even be using that phrase. And it was developed in 1933, long before cryptocurrencies were developed.

Since you cannot control the SEC's decisions, you might as well stop referring to ETH as a security. You come across as a spoiled child tossing his toys in the sandbox.

Another shit coin admits its is an unregistered security...

https://www.coindesk.com/policy/2024/09/27/mango-markets-agrees-to-destroy-mngo-tokens-in-sec-settlement/

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11226 on: September 29, 2024, 08:12:48 AM »
Another shit coin admits its is an unregistered security...

https://www.coindesk.com/policy/2024/09/27/mango-markets-agrees-to-destroy-mngo-tokens-in-sec-settlement/

Did they?

"As part of the settlement, Mango DAO, Blockworks Foundation and Mango Labs are neither admitting nor denying the charges."

If you miss something as simple as this it's no wonder you've been wrong so often.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11227 on: September 29, 2024, 10:46:33 PM »
Did they?

"As part of the settlement, Mango DAO, Blockworks Foundation and Mango Labs are neither admitting nor denying the charges."

If you miss something as simple as this it's no wonder you've been wrong so often.

Oh what a predictable response. Why do you think the SEC went after them? It should be obvious:

https://www.sec.gov/securities-topics/crypto-assets

And why do you they agreed to destroyed their own tokens? And to forfeit some of their illegal gains to the SEC? Settling securities charges like this without formally admitting liability is a common approach in litigation of this type, especially if the other side has good lawyers. SEC got what it wanted (coins destroyed, message sent, assets forfeited, and will now move on to prosecuting the next shitcoin and its founders).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - speaking os shitcoins, how are all your favourites doing? (As I am sure you have learned now, or will eventually, Bitcoiners have been right all along - sometimes it takes time for a fool to realize how foolish they have been. In your case, if not already realized, you will in due course. Mark my words...)

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11228 on: September 30, 2024, 12:44:37 AM »
If moving from ponzi scam to ponzi scam is your thing, in the hope that you can ultimately keep successfully keep accumulating more BTC in that method, as opposed to just stacking and holding BTC, good luck to you. The vast majority of people who do this (other than those who keep launching new alts and shitcoins), fail. Every cycle they learn their lesson, and every new cycles there are still others who give it a try and think they can outperform an infinitely diluting pool of money in alts. Its basic game theory - new coins will be infinitely launched to take advantage of any alt demand. (That can't happen with BTC itself - which is why we say "there is no second best". ...

Again, you will see - lessons will be learned...

At its peak value to BTC, 1 ETH bought 0.14 BTC. That was back in June of 2017. Since then it has declined to now being 1 Eth being able to purchase just 0.05 BTC. A terrible performance, and a perfect example of how those looking to buy "alts" to gain over BTC, instead end up behind over time. And as I said earlier, I expect this will continue. Do you agree? (Or do you believe this trend will reverse?). Shall we revisit, say, end of this year?

Not even the end of year, but since this post, Eth fell a futher 20% to BTC...

Lessons learned I hope...

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11229 on: September 30, 2024, 12:52:15 AM »
Oh what a predictable response. Why do you think the SEC went after them? It should be obvious:

https://www.sec.gov/securities-topics/crypto-assets

And why do you they agreed to destroyed their own tokens? And to forfeit some of their illegal gains to the SEC? Settling securities charges like this without formally admitting liability is a common approach in litigation of this type, especially if the other side has good lawyers. SEC got what it wanted (coins destroyed, message sent, assets forfeited, and will now move on to prosecuting the next shitcoin and its founders).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - speaking os shitcoins, how are all your favourites doing? (As I am sure you have learned now, or will eventually, Bitcoiners have been right all along - sometimes it takes time for a fool to realize how foolish they have been. In your case, if not already realized, you will in due course. Mark my words...)

Remind me what happened when the SEC took ALTs who had the funds (XRP anyone?) and a desire to defend themselves. They fucking lost!

Mango was a small time operation and they decided they were better off settling.

You are grasping at straws and as fun as it is watching you dig yourself deeper into your hole, it's also getting kinda embarrassing.

 

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11230 on: September 30, 2024, 12:59:46 AM »
Not even the end of year, but since this post, Eth fell a futher 20% to BTC...

Lessons learned I hope...

More grasping from you and embarrassment..

Already responded to that post

I said I don't hold ETH and to wait for the cycle high to be in which is most likely some point next year. Are you that desperate for a win that you're posting it now?

I haven't held ETH for a long time, at least not in the expectation of seeing profit from it, but I have used it to provide liquidity and stake for airdrops and points. With hindsight I wish I had done more of this as it was the easiest and lowest risk money to be made in the space.

I don't really care what BTC, ETH, or any other ALT were doing in 2017, because every cycle different. The trends in every cycle is different. I prefer to adjust to each cycle and even front run the trends if I can, so lets say this.

Even with my pessimistic/bearish bias on ETH price on it's own I still expect it to match if not better bitcoin price action from their 2022 cycles low to their next cycle highs. Are you willing to revisit this?

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11231 on: September 30, 2024, 01:59:26 AM »
Remind me what happened when the SEC took ALTs who had the funds (XRP anyone?) and a desire to defend themselves. They fucking lost!

Mango was a small time operation and they decided they were better off settling.

You are grasping at straws and as fun as it is watching you dig yourself deeper into your hole, it's also getting kinda embarrassing.


XRP - lol! Don't tell me you are still one of those XRP believers? XRP peaked at $3.11 and has been on a downward decline ever since (as is the long term trend of the vast majority of shitcoins over time). Today XRP is 0.65... At some time you need need to lick your wounds and move on. SEC meanwhile will continue to pursue Ripple, but either way, the market over time sniffs out scams and shams in any shitcoin - they can only be pumped for so long before the average shit coiner moves on to another freshly pooed shitcoin (of which there can be an infinite amount).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - how are all your various shitcoins doing? If you are doing well as a buyer of such coins (as opposed to being the issuer), then you are one of the rare few who are making money with shitcoinery (or either extremely lucky or self-delusional). Remember, such coins are created to scam you from your money - the buyers are the losers, and the founders who take your money for these useless "tokens" are the winners in that game...

Meanwhile, the smart money stacks and chills. BTC is now up over 1000% since this thread started...

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11232 on: September 30, 2024, 03:10:20 AM »
XRP - lol! Don't tell me you are still one of those XRP believers? XRP peaked at $3.11 and has been on a downward decline ever since (as is the long term trend of the vast majority of shitcoins over time). Today XRP is 0.65... At some time you need need to lick your wounds and move on. SEC meanwhile will continue to pursue Ripple, but either way, the market over time sniffs out scams and shams in any shitcoin - they can only be pumped for so long before the average shit coiner moves on to another freshly pooed shitcoin (of which there can be an infinite amount).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - how are all your various shitcoins doing? If you are doing well as a buyer of such coins (as opposed to being the issuer), then you are one of the rare few who are making money with shitcoinery (or either extremely lucky or self-delusional). Remember, such coins are created to scam you from your money - the buyers are the losers, and the founders who take your money for these useless "tokens" are the winners in that game...

Meanwhile, the smart money stacks and chills. BTC is now up over 1000% since this thread started...
Only 1000%?  ;D

ETH is up 223,124% since this thread started.

223,124 / 1000 = 223.12 X

If ETH reclaims $4,800 and beyond it will be up close to 500,000% since 2015.

BNB is the one that really impressed me since 2017. It has been resilient, reached an ATH in 2024 like BTC, and has not been too volatile considering all the FUD Binance and CZ had to deal with. It's actually amazing that it held it all together. I hope it keeps staying the course. I have a few BNB tokens.

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11233 on: September 30, 2024, 04:28:41 AM »
XRP - lol! Don't tell me you are still one of those XRP believers? XRP peaked at $3.11 and has been on a downward decline ever since (as is the long term trend of the vast majority of shitcoins over time). Today XRP is 0.65... At some time you need need to lick your wounds and move on. SEC meanwhile will continue to pursue Ripple, but either way, the market over time sniffs out scams and shams in any shitcoin - they can only be pumped for so long before the average shit coiner moves on to another freshly pooed shitcoin (of which there can be an infinite amount).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - how are all your various shitcoins doing? If you are doing well as a buyer of such coins (as opposed to being the issuer), then you are one of the rare few who are making money with shitcoinery (or either extremely lucky or self-delusional). Remember, such coins are created to scam you from your money - the buyers are the losers, and the founders who take your money for these useless "tokens" are the winners in that game...

Meanwhile, the smart money stacks and chills. BTC is now up over 1000% since this thread started...

I mention XRP as an example of a case the SEC  lost and now I'm an XRP believer. LMAO bro you are really reaching and coping hard here.

I've already done my big victory laps in this thread on the big multiples I printed on my bags earlier on in year. Don't wanna cause you an aneurysm by posting them and I'm not bothered about going to look for them, but feel free to go digging. It's all in there from around November 2023

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11234 on: September 30, 2024, 05:02:52 AM »
I mention XRP as an example of a case the SEC  lost and now I'm an XRP believer. LMAO bro you are really reaching and coping hard here.

I've already done my big victory laps in this thread on the big multiples I printed on my bags earlier on in year. Don't wanna cause you an aneurysm by posting them and I'm not bothered about going to look for them, but feel free to go digging. It's all in there from around November 2023

I have looked at many of your shitcoin posts from the past - almost all are down from the time you mentioned them. And you know it. Again, you will learn your lesson (if not learned already...)

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11235 on: September 30, 2024, 09:18:01 AM »
I have looked at many of your shitcoin posts from the past - almost all are down from the time you mentioned them. And you know it. Again, you will learn your lesson (if not learned already...)

This is getting really sad bro. More desperation from you trying to reshape things to your own narrative.

Maybe you should also look when I said sold cos those posts are there too.

Your attempt to deflect and move away from this post rather than admit how you were completely wrong is proving really entertaining though, so please continue.


Tell me again about how all ALTs are going to banned by the SEC

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11236 on: September 30, 2024, 11:12:18 AM »
This is getting really sad bro. More desperation from you trying to reshape things to your own narrative.

Maybe you should also look when I said sold cos those posts are there too.

Your attempt to deflect and move away from this post rather than admit how you were completely wrong is proving really entertaining though, so please continue.

Narrative is clear. Btc will rise over time. Shitcoins will decline to zero over time.

I have explained this, and the concept of what a security is to you numerous time now.

As the SEC themselves said in the recent action against Coinbase in the Federal Appeals Ct last week (where Coinbase was once again arguing that the SEC should provide more clarity around what cryptos other than BTC are not a security or provide a new framework to accommodate shitcoin trading):

"If Coinbase wants to arrange its business in a way that does not comply within the existing regulatory framework, that does not establish a right to have the framework adapted to meet their business".

Should be common sense really. You can be assured that me, and the SEC, know a little more about US securities laws that you do...

As for your various alt predictions and failures/losses, if you know yourself how poorly you have done. We have all the dates of your posts, and the prices as of today. In short you lost big time. Many of those here learned their shitcoinery lesson last cycle (and some even the cycle before that). You have not learned yours yet, but I suspect you are starting to, even though you won't publicly admit it. You are going through kind of an anger/denial phase, which is quite normal. (Angry at me for being repeatedly correct all along, or denying that this really could be the case). But you will at some point reach an understanding and acceptance of reality...

loco

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11237 on: September 30, 2024, 11:21:25 AM »
Narrative is clear. Btc will rise over time.


gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11238 on: September 30, 2024, 11:39:48 AM »
Time. It's quite a concept...

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11239 on: September 30, 2024, 11:51:09 AM »
Narrative is clear. Btc will rise over time. Shitcoins will decline to zero over time.

I have explained this, and the concept of what a security is to you numerous time now.

As the SEC themselves said in the recent action against Coinbase in the Federal Appeals Ct last week (where Coinbase was once again arguing that the SEC should provide more clarity around what cryptos other than BTC are not a security or provide a new framework to accommodate shitcoin trading):

"If Coinbase wants to arrange its business in a way that does not comply within the existing regulatory framework, that does not establish a right to have the framework adapted to meet their business".

Should be common sense really. You can be assured that me, and the SEC, know a little more about US securities laws that you do...

As for your various alt predictions and failures/losses, if you know yourself how poorly you have done. We have all the dates of your posts, and the prices as of today. In short you lost big time. Many of those here learned their shitcoinery lesson last cycle (and some even the cycle before that). You have not learned yours yet, but I suspect you are starting to, even though you won't publicly admit it. You are going through kind of an anger/denial phase, which is quite normal. (Angry at me for being repeatedly correct all along, or denying that this really could be the case). But you will at some point reach an understanding and acceptance of reality...

Now we are getting essays from you to try deflect from the fact that you were wrong on all this. HILARIOUS!

Nice meltdown

Tell me again about how all ALTs are going to banned by the SEC

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security.


My brother you should do the honourable thing and commit Seppuku or at least find a new profession.

loco

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11240 on: September 30, 2024, 11:56:41 AM »

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11241 on: September 30, 2024, 12:41:17 PM »
Lol you fool. I only have so much time to help you Flex. You can lead a shitcoiner to BTC, but sometimes you just can't make them understand how money works. I will try one more time (and thereafter please just go back and read all I have written and stop confusing yourself).

Tell me again about how all ALTs are going to banned by the SEC. Any unregistered security is per se "banned". This is the law as it already exists today. You also are confused on this topic by the way, The SEC does not make the law - rather it simply enforces it.

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner. Wall St clearly has chosen a winner. Just simply look at how BTC is being adopted and how it has performed against ETH, especially as the core distinctions between them became increasingly apparent. Wall St investors are not buying ETH. They are buying BTC.

Also, again you are confused here. Wall St does not choose what and what does not become suitable for an ETF. This is for the SEC to approve. Oh, and by the way, not one of your shitcoins is traded as an ETF, but even if it was, as I have explained before, if you wrap up shit in a nice package, it still does not change the fact that its shit. The market shows this to us perfectly with Eth, and mark my words, it would be even worse with any less credible shit coin.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security. Correct you could consider me an expert in this area, (and also well connected to others who are) although it is not my profession. No one can predict the future with certainty, but you are correct I did not expect Eth would be accepted for an ETF in the US, nor do I think it should be. I have explained this to you many times now.

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11242 on: September 30, 2024, 12:52:42 PM »
Lol you fool. I only have so much time to help you Flex. You can lead a shitcoiner to BTC, but sometimes you just can't make them understand how money works. I will try one more time (and thereafter please just go back and read all I have written and stop confusing yourself).

Tell me again about how all ALTs are going to banned by the SEC. Any unregistered security is per se "banned". This is the law as it already exists today. You also are confused on this topic by the way, The SEC does not make the law - rather it simply enforces it.

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner. Wall St clearly has chosen a winner. Just simply look at how BTC is being adopted and how it has performed against ETH, especially as the core distinctions between them became increasingly apparent. Wall St investors are not buying ETH. They are buying BTC.

Also, again you are confused here. Wall St does not choose what and what does not become suitable for an ETF. This is for the SEC to approve. Oh, and by the way, not one of your shitcoins is traded as an ETF, but even if it was, as I have explained before, if you wrap up shit in a nice package, it still does not change the fact that its shit. The market shows this to us perfectly with Eth, and mark my words, it would be even worse with any less credible shit coin.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security. Correct you could consider me an expert in this area, (and also well connected to others who are) although it is not my profession. No one can predict the future with certainty, but you are correct I did not expect Eth would be accepted for an ETF in the US, nor do I think it should be. I have explained this to you many times now.
We're in a marathon, not a 60-yard dash. Let's just wait a year or a few. You can have your victory lap if things remain the same in 2-10 years. We're in this for the long term - correct?  ;D

Flexacon

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11243 on: September 30, 2024, 01:43:06 PM »
Lol you fool. I only have so much time to help you Flex. You can lead a shitcoiner to BTC, but sometimes you just can't make them understand how money works. I will try one more time (and thereafter please just go back and read all I have written and stop confusing yourself).

Tell me again about how all ALTs are going to banned by the SEC. Any unregistered security is per se "banned". This is the law as it already exists today. You also are confused on this topic by the way, The SEC does not make the law - rather it simply enforces it.

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner. Wall St clearly has chosen a winner. Just simply look at how BTC is being adopted and how it has performed against ETH, especially as the core distinctions between them became increasingly apparent. Wall St investors are not buying ETH. They are buying BTC.

Also, again you are confused here. Wall St does not choose what and what does not become suitable for an ETF. This is for the SEC to approve. Oh, and by the way, not one of your shitcoins is traded as an ETF, but even if it was, as I have explained before, if you wrap up shit in a nice package, it still does not change the fact that its shit. The market shows this to us perfectly with Eth, and mark my words, it would be even worse with any less credible shit coin.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security. Correct you could consider me an expert in this area, (and also well connected to others who are) although it is not my profession. No one can predict the future with certainty, but you are correct I did not expect Eth would be accepted for an ETF in the US, nor do I think it should be. I have explained this to you many times now.

No amount of obfuscation is gonna change one simple fact. Your takes were dead WRONG

Mr Inverse Indicator, I'll post it in big letters so you understand. You were WRONG

Incorrect, mistaken, in error, erroneous, inaccurate, not accurate, inexact, not exact, imprecise, invalid, untrue, false, fallacious,wide of the mark, off target.



SouJerz

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11244 on: September 30, 2024, 02:03:33 PM »
He’s not not wrong?


Keep stackin satoshis!!!

Mayday

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Mayday

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11246 on: October 01, 2024, 01:21:23 AM »
Time. It's quite a concept...

Indeed…..

At some point, the short term matters.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11247 on: October 01, 2024, 02:21:12 AM »
No amount of obfuscation is gonna change one simple fact. Your takes were dead WRONG

Mr Inverse Indicator, I'll post it in big letters so you understand. You were WRONG

Incorrect, mistaken, in error, erroneous, inaccurate, not accurate, inexact, not exact, imprecise, invalid, untrue, false, fallacious,wide of the mark, off target.

Someone its upset about his decision to dabble in alts as opposed to just buying / hodling BTC... These are the phases of acceptance - anger, denial, negotiation, grief, acceptance. He is still in the early stages of his journey, but he will get there...

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11248 on: October 01, 2024, 02:22:32 AM »
He’s not not wrong?


Keep stackin satoshis!!!

Amen! Indeed, anyone who has done so consistently for any reasonable period of time has done well, and will do continue to do so.

gib

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #11249 on: October 01, 2024, 02:24:04 AM »
We're in a marathon, not a 60-yard dash. Let's just wait a year or a few. You can have your victory lap if things remain the same in 2-10 years. We're in this for the long term - correct?  ;D

Indeed! Correct!