Crypto trading

[Bible_Belt]

The reason regulation hasn't arrived already is that the early crypto players at the top of the pyramid made huge sums of money and used a lot of it to purchase politicians, especially those with seats on a banking and finance committee.

Robin Hood/Citadel followed the same model. Good luck complaining to your elected rep about one of their biggest donors.

 

[jaygreenb]

The reason regulation hasn't arrived already is that the early crypto players at the top of the pyramid made huge sums of money and used a lot of it to purchase politicians, especially those with seats on a banking and finance committee.

Robin Hood/Citadel followed the same model. Good luck complaining to your elected rep about one of their biggest donors.

I'm sure that may be part of the reason as well as other variables. There are a lot of different dynamics at play and if regulation isn't done correctly, it could drive innovation and the capital it generates to other areas. Being a hub for this next tech wave will create a lot of tax revenue. Bitcoin already has clarity in the most important aspects. It is going to be treated as a commodity and been ruled personal property. It is just computer code and the cat is out of the bag about the idea. It is far too entrenched with powerful people and corporations with a vested interest in protecting it. Its properties also make it near impossible to eradicate globally.

The rest of crypto is a completely different story and carries significantly more regulatory risk. It is up to the individual if they think there is a good risk/reward profile in the future.

 

[Reyaj]

Wtf is going on lol

 

[SargeMaximus]

Wtf is going on lol

I tried to warn y’all

 

[BillyPilgrim]

Wtf is going on lol

Money laundering on a massive scale by our benevolent global elites

 

[jaygreenb]

Money laundering on a massive scale by our benevolent global elites

In size, FTX has to be one of the largest fraud/scams ever. A lot of connections coming out, with his political connections so quickly has to be some kind of plant.

 

[Reyaj]

In size, FTX has to be one of the largest fraud/scams ever. A lot of connections coming out, with his political connections so quickly has to be some kind of plant.

Will BTC and ETH be ok?

 

[BillyPilgrim]

In size, FTX has to be one of the largest fraud/scams ever. A lot of connections coming out, with his political connections so quickly has to be some kind of plant.

To be fair, his head is a chia pet. Lots of people going to be losing their eyesight over that sex tape.

 

[jaygreenb]

Will BTC and ETH be ok?

Long term I strongly believe it will, in the short term anything could happen with price, a lot of outside variables. BTC carries considerably less risk than Eth in my opinion. BTC is for the most part a finished product on the base layer and does not have any competitors. ETH is constantly evolving and we have no idea if it can work at scale, It has and will have constant competitors vying for market share. I'm slowly starting to buy btc again and have open buy orders every 500 down to 10k.

 

[VirtuousD]

We (almost) back boys, just 2 months after the biggest ****fests in history. This speaks volumes about how much crypto could take off after the wild west element of it eventually wears off and the macro environment is positive .

 

[jaygreenb]

We (almost) back boys, just 2 months after the biggest ****fests in history. This speaks volumes about how much crypto could take off after the wild west element of it eventually wears off and the macro environment is positive .

Things have held up surprisingly well considering the amount of catastrophic things that happened last year. Still some big questions marks sitting out there like what happens with digital currency group but nice seeing some green days. No clue what will happen in the short to medium term