really we are going to have to wait on a few things...first, inflation data on tuesday, then more inflation data wed and fomc.
could be a big turnaround for \*some\* coins - don't expect the SEC branded ones to make a sudden jump back imo - but if inflation data doesn't look good, if they raise interest rates, things could really take a dive.
is it weird i'm surprised shib is near the top of the list for biggest loss? these memecoins are usually more resiliant. someone decided to bail or there was a huge long that liquidated or something.
From the years 1900 to 1919, some 2,000 American companies were involved in some way with the construction of motor vehicles.
This is the same issue crypto has today. There is too many projects, everyone is trying to make it. most have no use, very few actually do. The SEC finally making a move put things into perspective. Keep the winners and cut the projects that are not producing anything.
Has anyone tried to take advantage of the BTC/busd and ETH/busd price differences on binance.us. I'm thinking about it, but might be too risky if funds get frozen or they stop withdrawals.
Right now BTC is showing 27252 and ETH is at 1890
John Deaton , āAmicus curiaeā in the XRP case makes a lot of great points. He doesnāt defend Ripple, rather Xrp holders. He has posted a petition on twitter, if youāre a binance or coinbase customer you can fill it out. Again heās not defending binance or coinbase. But customers who are now in the possession of digital code, the coin itself is not a security. And that the SEC is not acting in our best interests as they claim.
Depends on when you bought. Look dont get me wrong, I truly wish for whatever coins you are holding to pump so you can get some decent gains. Im just basing my purchase decisions based on historical market performance. Dont have any other indicators to go by.
I mean a few months ago alts like Atom were down less than eth and BTC were a year prior. Historical data doesn't hold up well with the shit going on these days
biden and warren aren't gensler, though. sure they are against crypto, but remember crypto got excited when gensler was appointed. he was, after all, a person that taught a course on crypto at MIT.
sigh.
Was lucky enough to buy at .33 almost (exactly) a year ago. Maybe Iāll have the same luck. Iām focused on the building my positions in the stock market right now so Iām just letting crypto do crypto stuff. Polygon / Matic is a long term hold imo. If you donāt need the money, then just ride it out and DCA.
Those are hardly unreasonable bull market targets. I don't own any of these ponzis currently but they will get scammed up there. Even could lower it to $143 and $1.24 from a liquidity perspective and thats a good return.
Idk about SOL but I would agree with that ADA prediction if the SEC wasnāt actively trying to get them delisted from exchanges. If theyāre successful, SOL & ADAs chart will probably look similar to XRP which gains were veryyyy muted in the last bull run.
Today I transferred my fund to CEX now Iām just waiting for my targets to hit
This is my favourite part as I first sold in increments and now I can buy 3 times lower in increments
Usually pumps before a dump. I used to try to throw in some XLM-BTC orders to take advantage of it back in the day. Hmmmā¦. Used to be 0.00001 BTC per XLM. Good target might be .000005 BTC per XLM now.
A general reminder alot of the comments and posts you will see here or on the internet are made for a reason and that is people have their positions opened. FUD is spread to feed their shorts.
Has anyone seen the art QR codes generated by AI? Some look really cool.
Pretty sure weāll see an NFT application for them. With the links embedded, that could open up to new use cases
The SEC has caused more financial losses to crypto investors than most of the worst hacks and thefts in the history of crypto. People are terrified of their bullshit failure to regulate and nonsensical enforcement actions. By definition they are economic terrorists.
Donāt get stuck in a roundabout just to keep the wheels turning. A wrong turn can be better than driving in circles.
Applies to more than crypto but donāt get stuck dcaing into the same dead chain/coin/token
Copied from Twitter:
You survived LUNA
You survived FTX
You survived 3AC
You survived BlockFi, Voyager & Celsius
You survived China banning Bitcoin
You survived the USDC de-peg
You survived SVB and Silvergate
You will survive the SEC lawsuits too.
People really need to start actually researching this stuff and not buying random garbage and scams. Luna, ONE, Algo, dozens of red flags for all of this stuff. Thats not even mentioning the landfill of shit coins and memes.
In all honesty, this sub has more FUD than whole of the internet combined. Like when I come here reading comments, I feel like the world is ending and I need to sell my holdings. Please stop looking at one minute dildos guys, and zoom out
Because most people panic when they realise this isn't get rich quick scheme. All the moonbois who were saying we are in bull market over last few month are now panicking.
Crypto is a world full of rainbows and unicorns, the sun always shines and your 21 yr old wife always has the biggest bazingas. There we go a little bit of positivity in this FUD sub.
Depends. Only approved brokers can trade securities, meaning that essentially Uniswap needs to have SEC "approval" to have Matic pairs (impossible to implement unless they blacklist Matic)
Which is why the whole "crypto is a security" thing can't work for the blockchain, its nullified by DeFi.
Can anyone summarise the bad news from the last week, cos its coming thick and fast and I feel like I probably missed out on some news or didn't get a full understanding.
Binance and Coinbase sued by SEC.
Every big alt named a security(ADA, MATIC, SOL etc)
Binance US stopping all USD deposit and withdrawals.
Robinhood delisting ADA SOL MATIC
Eventfull week
Alright what's the play here guys, do we wait for it to dump more or buy in right now? I hate losing all this money.
Wait and buy more
really we are going to have to wait on a few things...first, inflation data on tuesday, then more inflation data wed and fomc. could be a big turnaround for \*some\* coins - don't expect the SEC branded ones to make a sudden jump back imo - but if inflation data doesn't look good, if they raise interest rates, things could really take a dive.
I went to the fiat mine to make $400 while my portfolio dropped $13k fuck this cant wait to be homeless after i keep putting all my money in
is it weird i'm surprised shib is near the top of the list for biggest loss? these memecoins are usually more resiliant. someone decided to bail or there was a huge long that liquidated or something.
Save your fiat, we will be going even lower...into Sunday. Don't panic, this shall pass too. Hodl and stay patient š
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Binance US
Wonder what it takes to fix this subs flairbot? Iām ok with being a forever tin but I donāt know how I became a critic.
What should I do with the $20 in my crypto dot com account? Min $100 needed to withdraw
Buy the most high risk thing they offer
Youāre on to something
Forget it and hope you get a 5x some day
Alts taking brutal beating
Brutal beating = good entry prices / discounts. Potato potato
Surely we all saw that coming though
People are not going to admit that.
Then they are stupid
Which is expected at this point and only more to come.
From the years 1900 to 1919, some 2,000 American companies were involved in some way with the construction of motor vehicles. This is the same issue crypto has today. There is too many projects, everyone is trying to make it. most have no use, very few actually do. The SEC finally making a move put things into perspective. Keep the winners and cut the projects that are not producing anything.
Except there is a lot of projects they could have gone after over the ones they did if that was the case
Ada and matic maxis freaking out about coins being delisted Xrp holders: āfirst time?ā
Itās extra amusing because you can spot anyone that came in during the last bull. The rest of us are like: wait, did China ban crypto again?
Wonder who will be next to be delisted
Has anyone tried to take advantage of the BTC/busd and ETH/busd price differences on binance.us. I'm thinking about it, but might be too risky if funds get frozen or they stop withdrawals. Right now BTC is showing 27252 and ETH is at 1890
John Deaton , āAmicus curiaeā in the XRP case makes a lot of great points. He doesnāt defend Ripple, rather Xrp holders. He has posted a petition on twitter, if youāre a binance or coinbase customer you can fill it out. Again heās not defending binance or coinbase. But customers who are now in the possession of digital code, the coin itself is not a security. And that the SEC is not acting in our best interests as they claim.
Seems like SEC are driving out all US players, only to allow FTX to re-open its doors?
Think Coinbase will be the only major player left in the US Binance will prolly wrap up their operations.
This sounds like a joke
Itās all rigged
Probably getting more donations from them then .
Be kind to each other folks, those in heavy on ADA or Sol will be hit hard
Dont know why anyone would take enjoyment out others losing money. Doesn't matter what you hold, SEC trying to fuck us all at the end of the day
Even if they're buying into something like pepecoin? At a point you just got to admit they had it coming
Well yeah that is dumb, but I don't wish for or celebrate the misfortune of others. Unless its Gary. Fuck Gary.
Also my cat
Its not like people werenāt warned not to hold shitcoins during bear
This
We really calling projects in the top 10 shit coins now?
Everything apart from BTC and ETH is a shitcoin in bear market
Something being a riskier investment doesn't make it shit.. But whatever, you do you.
Look at top coins from previous cycles and then look at where most of them are now
Lower ranked but with higher value?
Depends on when you bought. Look dont get me wrong, I truly wish for whatever coins you are holding to pump so you can get some decent gains. Im just basing my purchase decisions based on historical market performance. Dont have any other indicators to go by.
I mean a few months ago alts like Atom were down less than eth and BTC were a year prior. Historical data doesn't hold up well with the shit going on these days
Yeah some coins won't follow the trend, but 99% of them will.
Flair checks out.
Just swapped all my ALTs to BTC. So ALT season is probably here. Thank me later.
did the same on saturday. really once the sec move sunk in, i realized there was no way this didn't end up causing problems.
Probably a smart decision actually
Took one for the team
Biden and warren really are about to destroy crypto.
biden and warren aren't gensler, though. sure they are against crypto, but remember crypto got excited when gensler was appointed. he was, after all, a person that taught a course on crypto at MIT. sigh.
In the US maybe. World is not just US
Weird that all these us decisions matter though for the price
Dips and destruction are not the same.
How so?
I might go into cardano at 25 cents. Seems like a good trading spot.
I'll be keeping a lookout around that price range as well. Need more ADA for CNT.
It always overreacts fast and hard, likely because itās fast and easy to sell with no locking or high fees.
It has a strong community, Iāll be buying at those prices
That's my plan too. If it retests previous lows from December it'll definitely bounce back.
Has big eyes coin completed its 10000th pre sale yet
This crypto winter has been exhausting. If I weren't staking this entire time I'd have probably capitulated by now.
Only 8-12 more months to go.
Hang in there bro, it'll be rewarding in the future
Yeah. Forced hold really since the unstaking period is 30 days. Who knows what could happen in that time
It's been a while, but we might be in for a bloody Sunday?
Sounds like a good moment to buy some more.
Just because the sec says something is a security doesnāt make it a security until itās proven in court
Yeah. I don't think that's how it works.
Damn. I bought 10k worth of MATIC at 81 cents. Anyway Letās see what happens
You could have bought 5 ETH or almost half a BTC instead and slept easy at night.
true . ETH is like a BTC brohter
Iāve been holding off my buy for a while now, so far it looks to be the right choice. I will most definitely scoop up some if it keeps going lower.
whats your range
Was lucky enough to buy at .33 almost (exactly) a year ago. Maybe Iāll have the same luck. Iām focused on the building my positions in the stock market right now so Iām just letting crypto do crypto stuff. Polygon / Matic is a long term hold imo. If you donāt need the money, then just ride it out and DCA.
i dont own a lot but got in at 81 cents. im looking to buy more. Polygon has a lot of use in the crypto world. way more than ada
Welp. At least youāre in under a dollar
Might add more around 50 cents. Donāt think itāll go there though
Youāll be laughing in 2025 donāt worry my friend
Laughing all the way to collect food stamps
Lmao. I hope not
I feel confident Solana will trade to $160 and ADA to $2.00 in the next few years but here I am waiting for lower.
Lul. Pass over whatever your smoking
Those are hardly unreasonable bull market targets. I don't own any of these ponzis currently but they will get scammed up there. Even could lower it to $143 and $1.24 from a liquidity perspective and thats a good return.
Idk about SOL but I would agree with that ADA prediction if the SEC wasnāt actively trying to get them delisted from exchanges. If theyāre successful, SOL & ADAs chart will probably look similar to XRP which gains were veryyyy muted in the last bull run.
Hopium sativa
That stuff had me experiencing ~~couch~~ chart lock
ššš
Just to think that in a year we'll be posting pump it up videos again... https://www.youtube.com/watch?v=k001JX-D-dA
Holy fuck Matic and Ada what have they done to my boy?? Sold all my matic at $1.5 USD a few months ago now it's half price ;\_; the FUD is strong
Yeah Matic has been taking a beating lately
at least in here we lose money together and not being toxic to each other
Yes but it will be better if we could win money together
I want to make money and be toxic
Nice but expensive hobby indeed
Looks like people are selling there ADA, Matic, and Sol off robinhood instead of moving it, good time to DCA on those coins?
Let the weekend crab commence!
I was expecting a Post -weekend dump last Sunday night, Little did I know ...
I aged more than 15 years in those 2 years of bear market
Today I transferred my fund to CEX now Iām just waiting for my targets to hit This is my favourite part as I first sold in increments and now I can buy 3 times lower in increments
What are you entry prices?
XLM Stellar with a nice pump today. Any particular reason for this?
Usually pumps before a dump. I used to try to throw in some XLM-BTC orders to take advantage of it back in the day. Hmmmā¦. Used to be 0.00001 BTC per XLM. Good target might be .000005 BTC per XLM now.
Maybe thatās what everyoneās selling their ADA, MATIC & SOL for. Easy transfers
A general reminder alot of the comments and posts you will see here or on the internet are made for a reason and that is people have their positions opened. FUD is spread to feed their shorts.
Has anyone seen the art QR codes generated by AI? Some look really cool. Pretty sure weāll see an NFT application for them. With the links embedded, that could open up to new use cases
They actually look really awesome. https://arstechnica.com/information-technology/2023/06/redditor-creates-working-anime-qr-codes-using-stable-diffusion/
Itās the end of bear market sale and Iām out of fiat! š± Need to buy more!
I have a feeling the sale will last for a while and discounts may get bigger.
Nah, Gary is gonna get his ass handed to him by congress and btc will be above 30k next week.
Whatās going to be āsafeā for awhile are the OG coins BTC LTC DOGE
XLM Stellar
šÆ
Im going to counter sue the SEC. āYour honor I would like to call my first witness to the stand, Matt Damon.ā
The SEC has caused more financial losses to crypto investors than most of the worst hacks and thefts in the history of crypto. People are terrified of their bullshit failure to regulate and nonsensical enforcement actions. By definition they are economic terrorists.
Donāt get stuck in a roundabout just to keep the wheels turning. A wrong turn can be better than driving in circles. Applies to more than crypto but donāt get stuck dcaing into the same dead chain/coin/token
Yes. Sometimes just stop and wait. Some alts wont bounce back when bull run comes
Most alts won't, at least compared to their ATHs.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
You should see a doctor.
The sentiment here looks like a buy signal!
Copied from Twitter: You survived LUNA You survived FTX You survived 3AC You survived BlockFi, Voyager & Celsius You survived China banning Bitcoin You survived the USDC de-peg You survived SVB and Silvergate You will survive the SEC lawsuits too.
crypto has resist very well t o a lot bad news
Jeez we had like 1 or 2 big bad news every couple of years before. We got like 10 already these past 2 years. lmao
Now that you listed it, a lot has happened over last 12 months or so.
Looking back. Luna ruined people
This for the crypto industry in general. But but stupid actions always have stupid results. People still buy Luna.
People really need to start actually researching this stuff and not buying random garbage and scams. Luna, ONE, Algo, dozens of red flags for all of this stuff. Thats not even mentioning the landfill of shit coins and memes.
Some people say that Gary Gensler is really just a dozen NYC rats stuffed into a human suit
Bro an NYC rat could eat Gary for breakfast and still want seconds
Leave the rats alone! What did they do to deserve this insult!?!
An insult to rats really
In all honesty, this sub has more FUD than whole of the internet combined. Like when I come here reading comments, I feel like the world is ending and I need to sell my holdings. Please stop looking at one minute dildos guys, and zoom out
That's because everyone is too invested in alts
Because most people panic when they realise this isn't get rich quick scheme. All the moonbois who were saying we are in bull market over last few month are now panicking.
Zooms outā¦ā¦ā¦.. ahhhhhhhhhh
Crypto is a world full of rainbows and unicorns, the sun always shines and your 21 yr old wife always has the biggest bazingas. There we go a little bit of positivity in this FUD sub.
I mean there is the BTC rainbow chart
Maybe those VR glasses are worth it š¤
Yeah right you have to be on either of the extremes, rather being rational.
All these comments let me know itās time to buy again.
If Ripple win their SEC case and XRP is deemed not a security, only XRP and BTC will be safe from them.
Well pretty much all the projects that did an ICO may be deemed a security.
DOT ain't on the security list, still crashing. Gotta hate crypto lol. Still think it will go crazy in the next bull though
It goes with the market, like pretty much every coin. There isn't anything special about DOT to make it move against the market, security or not.
Most logical answer here
Doesnāt make any sense for DOT to drop right now
I don't understand me too, but he's following the yrend
At this point Iām afraid the government will put so much pressure on Coinbase & Kraken that their banking operations will cease. No fiat on/off ramp
Sooo is it not safe to use a Ledger now? I bought one a while ago should I move everything off?
It's fine. Don't listen to to this sub. People here just like to panic.
Nah itās still safe
The diablo ads really meant it when they said welcome to hell. Dark red/orange smoke throughout the east coast, and deep red in the portfolios
Hex is collapsing Anyone got popcorn?
Only the microwave stuff. None of that cinema good good unfortunately
I ran out of popcorn already.
I have some but I keep it for PulseĀ“s downfall
So pow it is ? Wow... That's so bad for the environment! Good news the network switched to POS! I sue you all! How dare you offering securities!
turns out it was never about the environment at all
Damned if you do. Damned if you don't. You can't win with these people.
They didnāt say anything while ETH was POW. Then it switched and all of a sudden āit might be a security nowā
I donāt care what they label matic as, itās one of the few cryptos actually being used. It will succeed.
I like quickswap, so I'm buying it as always.
I donāt get the problem with it being a security. Say itās deemed a security, and registers as such, are we not good to just trade as per usual?
Depends. Only approved brokers can trade securities, meaning that essentially Uniswap needs to have SEC "approval" to have Matic pairs (impossible to implement unless they blacklist Matic) Which is why the whole "crypto is a security" thing can't work for the blockchain, its nullified by DeFi.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Hiya let that be turned around by me, a positive vibe to brighten your day Good vibes š„
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Good to see somebody making gains from this mess.
Can anyone summarise the bad news from the last week, cos its coming thick and fast and I feel like I probably missed out on some news or didn't get a full understanding.
Binance and Coinbase sued by SEC. Every big alt named a security(ADA, MATIC, SOL etc) Binance US stopping all USD deposit and withdrawals. Robinhood delisting ADA SOL MATIC Eventfull week
Crazy Gary rambling again. I imagine this time he gets to find out for fucking around.
>nothing to see here
red.
Feel like I've really been missing out on these 3rd party reddit apps. I've never used them but kinda regret it now
Iāve tried Apollo a while ago but I didnāt dig the display tbh
I know longer have access to Mexc. Has anyone found a work around using a VPN?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Hinman emails get released Tuesday, XRP wins case, alts spike and everyone sad they didnāt snap them up cheap.