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slightly relevant...silk road doc on a&e...
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Thinking of buying neo using my eth since neo is losing more value...
D
Deleted member 185039
Guest
Last edited by a moderator:
- 846
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- Jul 29, 2006
I feel like I’m playing double dutch over here waiting for the right time to jump in
There’s no telling what the floor will be over the course of the next few weeks but it would be nice if we can hit sub 2500 for btc (wishful thinking?)
^^^ I wrote this just 5 months ago.. To think people are actually calling this a "Blood Bath" lol, where?
THIS !!! Dips like this actually get me pretty excited i can't lie.
Shout out to Dread Pirate Roberts
- 3,147
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- Aug 1, 2008
Damn. Keeps sinking. Already back to the $200 Billion Market Cap. Boom is indeed over, but it's not the end of cryptocurrency. Worst case scenario is that it could be steady in the lows, until it builds back up again and it will take a very long time for that to happen like it did for Bitcoin when it remained in the $100s for about 3 years. But with newer technology and apps, we won't have to wait too long. Hope Robinhood can pull through.
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https://www.coindesk.com/cftc-sec-chairs-strike-open-tone-on-new-crypto-exchange-rules/
Wouldn't be surprised if we hit 4K tomorrow..
Anyone have a Binance referral code they want to use? about to sign up and make some plays.
Congress is set to hold what may be the most consequential hearing in years on the subject of cryptocurrency, with the heads of the two main U.S. financial market regulators in the hot seat.
J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, his counterpart at the Securities and Exchange Commission (SEC), will testify on Capitol Hill tomorrow. And the process of fielding questions from the Senate Banking Committee is likely to yield one or two notable moments given recent developments in the space – including those involving the agencies themselves.
In recent months, the two agencies have, between them, filed lawsuits against alleged scams, launch investigations, overseen the launch of bitcoin futures, issue warnings to investors and, perhaps more broadly, come to terms with a rapidly-evolving environment that has, in the words of their leaders, tested the limits of their reach.
Ahead of the hearing, copies of both Clayton's and Giancarlo's testimony have been released. While largely an overview of their respective agencies' work to date, both leaders suggested that they would support, in some way, new avenues of regulation that could lead to an expansion of oversight by the U.S. government into the cryptocurrency market.
Yet such an undertaking would, in their view, require an act of Congress – as well as close involvement with the relevant agencies.
Clayton commented in his written remarks that he is "open" to working with U.S. lawmakers, in addition to state regulators, on the question of new rules for trading sites.
He remarked:
"As Chairman Giancarlo and I stated recently, we are open to exploring with Congress, as well as with our federal and state colleagues, whether increased federal regulation of cryptocurrency trading platforms is necessary or appropriate. We also are supportive of regulatory and policy efforts to bring clarity and fairness to this space."
Giancarlo's nudging toward possible changes was slightly more detailed, highlighting what he called "shortcomings' in the system by which each state issues money transmission licenses to businesses.
"As the Senate Banking Committee, the Senate Agriculture Committee and other Congressional policy-makers consider the current state of regulatory oversight of cash or 'spot' transactions in virtual currencies and trading platforms, consideration should be given to shortcomings of the current approach of state-by-state money transmitter licensure that leaves gaps in protection for virtual currency traders and investors," he wrote.
Potential new rules governing cryptocurrency exchanges should, he went on to explain, "be carefully tailored to the risks posed by relevant trading activity and enhancing efforts to prosecute fraud and manipulation."
"Overall, a rationalized federal framework may be more effective and efficient in ensuring the integrity of the underlying market," he went on to write.
Fireworks ahead?
What kind of event can industry-watchers expect?
The written testimony only offers a piece of what might be raised during the question-and-answer phase of the hearing. Given the significant public interest in the topic – as well as a soundbite-heavy political environment – it’s tough to what could come up.
According to Jerry Brito, executive director of the non-profit advocacy group Coin Center, two of the prevailing news narratives of the past year – initial coin offerings (ICOs) and derivatives products like futures – are likely to dominate the discussion.
"There's been a frenzy of ICOs," Brito noted, including "a lot of crazy scams and weird stuff" alongside serious projects and significant money invested. "This is what sparked the hearing," he added.
Brito said that Coin Center has met individually with staff of more than half a dozen committee members and participated in a group briefing Friday for staff of all committee members. The room was packed, he said.
Token talk
Another issue that may come up in the hearing is the regulatory treatment of token sales, particularly when the token being sold to raise funds for a project is supposed to be useful on the network that will eventually be built.
Lewis Cohen, a partner at the law firm of Hogan Lovells in New York, said he agreed with Clayton’s comment in the prepared remarks that ICOs should be regulated as securities when they emphasize the potential for investor profits (for example, from selling tokens in the secondary market). Just because the tokens may have utility does not exempt the offering from investor protections.
But likewise, he said, the regulatory community needs to be careful not to assume that just because a token is the object of an investment scheme that it is necessarily a security itself.
It would "make little sense," Cohen said, if once a functional network like Filecoin is fully up and running its users had to go to a broker-dealer to buy tokens to store data in a decentralized manner on the platform.
J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, his counterpart at the Securities and Exchange Commission (SEC), will testify on Capitol Hill tomorrow. And the process of fielding questions from the Senate Banking Committee is likely to yield one or two notable moments given recent developments in the space – including those involving the agencies themselves.
In recent months, the two agencies have, between them, filed lawsuits against alleged scams, launch investigations, overseen the launch of bitcoin futures, issue warnings to investors and, perhaps more broadly, come to terms with a rapidly-evolving environment that has, in the words of their leaders, tested the limits of their reach.
Ahead of the hearing, copies of both Clayton's and Giancarlo's testimony have been released. While largely an overview of their respective agencies' work to date, both leaders suggested that they would support, in some way, new avenues of regulation that could lead to an expansion of oversight by the U.S. government into the cryptocurrency market.
Yet such an undertaking would, in their view, require an act of Congress – as well as close involvement with the relevant agencies.
Clayton commented in his written remarks that he is "open" to working with U.S. lawmakers, in addition to state regulators, on the question of new rules for trading sites.
He remarked:
"As Chairman Giancarlo and I stated recently, we are open to exploring with Congress, as well as with our federal and state colleagues, whether increased federal regulation of cryptocurrency trading platforms is necessary or appropriate. We also are supportive of regulatory and policy efforts to bring clarity and fairness to this space."
Giancarlo's nudging toward possible changes was slightly more detailed, highlighting what he called "shortcomings' in the system by which each state issues money transmission licenses to businesses.
"As the Senate Banking Committee, the Senate Agriculture Committee and other Congressional policy-makers consider the current state of regulatory oversight of cash or 'spot' transactions in virtual currencies and trading platforms, consideration should be given to shortcomings of the current approach of state-by-state money transmitter licensure that leaves gaps in protection for virtual currency traders and investors," he wrote.
Potential new rules governing cryptocurrency exchanges should, he went on to explain, "be carefully tailored to the risks posed by relevant trading activity and enhancing efforts to prosecute fraud and manipulation."
"Overall, a rationalized federal framework may be more effective and efficient in ensuring the integrity of the underlying market," he went on to write.
Fireworks ahead?
What kind of event can industry-watchers expect?
The written testimony only offers a piece of what might be raised during the question-and-answer phase of the hearing. Given the significant public interest in the topic – as well as a soundbite-heavy political environment – it’s tough to what could come up.
According to Jerry Brito, executive director of the non-profit advocacy group Coin Center, two of the prevailing news narratives of the past year – initial coin offerings (ICOs) and derivatives products like futures – are likely to dominate the discussion.
"There's been a frenzy of ICOs," Brito noted, including "a lot of crazy scams and weird stuff" alongside serious projects and significant money invested. "This is what sparked the hearing," he added.
Brito said that Coin Center has met individually with staff of more than half a dozen committee members and participated in a group briefing Friday for staff of all committee members. The room was packed, he said.
Token talk
Another issue that may come up in the hearing is the regulatory treatment of token sales, particularly when the token being sold to raise funds for a project is supposed to be useful on the network that will eventually be built.
Lewis Cohen, a partner at the law firm of Hogan Lovells in New York, said he agreed with Clayton’s comment in the prepared remarks that ICOs should be regulated as securities when they emphasize the potential for investor profits (for example, from selling tokens in the secondary market). Just because the tokens may have utility does not exempt the offering from investor protections.
But likewise, he said, the regulatory community needs to be careful not to assume that just because a token is the object of an investment scheme that it is necessarily a security itself.
It would "make little sense," Cohen said, if once a functional network like Filecoin is fully up and running its users had to go to a broker-dealer to buy tokens to store data in a decentralized manner on the platform.
Wouldn't be surprised if we hit 4K tomorrow..
Anyone have a Binance referral code they want to use? about to sign up and make some plays.
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- Sep 22, 2007
Added more Ltc...now it will plummet to 85 tomorrow
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- Mar 26, 2013
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- Oct 28, 2006
Yep gonna see where everything is at in the morning before I add more....wanna avg down with eth and ltc...also wanna get in ven, neo, and icx
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- Oct 10, 2005
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- Jul 17, 2017
Lmfao
- 1,256
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- Mar 26, 2013
Finally touched my initial investment. After -600 bil later.
- 9,025
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- Mar 10, 2013
Lol we been getting slaughtered. Damn near back to my initial investment.
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- Apr 2, 2007
Commodities, Forex, Stock Market and everything else is free falling
What the hell is going on with the economy as a whole?
What the hell is going on with the economy as a whole?
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- Jan 18, 2006
It’s trash... everything has been super inflated for a while.
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- May 21, 2004
To think I almost pulled trigger on ltc at 130 today 
I’m ready to buy in and increase my position got like 5k outside but I really wanna catch a bottom
I’m ready to buy in and increase my position got like 5k outside but I really wanna catch a bottom
- 3,147
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- Aug 1, 2008
Oh damn, this brief little pump!
D
Deleted member 185039
Guest
Welp
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D
Deleted member 185039
Guest
LOL
- 9,864
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- Sep 25, 2004
Feels like its now or never for the people just getting in contemplating.
serotonins
formerly maroki
- 1,012
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- Sep 13, 2012
I think it will start to steadily go up in April.
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Based off what?
serotonins
serotonins
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