New problems for crypto emerging

[FritsSikkink]

Bitcoin prices fell sharply to near three-month lows on Monday after U.S. regulators sued crypto exchange Binance and its head Changpeng Zhao over allegedly violating several instances of securities laws.:

 

Bitcoin slides to near 3-month lows after SEC sues Binance (msn.com)

 

 

[ozimoron]

Target 24k. If that fails then 19k or more likely the previous low of 16k. If they fail, pick a number.

[proton]

Ponzi coins for the greedy

[Chivas]

  On 6/6/2023 at 8:54 AM, proton said:

Ponzi coins for the greedy

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Course it is

 

Only the terminally dimwitted would believe that photos of Bored Apes, Frogs and all the rest of the uber bollacks  have hidden value

 

No asset backing......one day these people will wake up and its all gone.

 

...........tell me who they are going to complain to !

 

Comedy Gold but sad at the same time that people can be taken it by this shight

[ukrules]

  On 6/6/2023 at 8:13 AM, ozimoron said:

Target 24k. If that fails then 19k or more likely the previous low of 16k. If they fail, pick a number.

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Nonsense.

 

Binance.US is a tiny fraction of what Binance actually is, about 2% I believe. It's an irrelevance.

 

However now they've taken action against Coinbase as well I would expect that to hit harder.

 

In a way I don't blame Gensler for this action as the choices these exchanges make in what to list and trade are highly suspicious.

[Neeranam]

  On 6/6/2023 at 9:03 AM, Chivas said:

Course it is

 

Only the terminally dimwitted would believe that photos of Bored Apes, Frogs and all the rest of the uber bollacks  have hidden value

 

No asset backing......one day these people will wake up and its all gone.

 

...........tell me who they are going to complain to !

 

Comedy Gold but sad at the same time that people can be taken it by this shight

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When did you first learn about BTC and what price was it? Missing the boat is often hard to handle.

[Neeranam]

  On 6/6/2023 at 8:54 AM, proton said:

Ponzi coins for the greedy

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What is a ponzi?

 

 

[proton]

  On 6/6/2023 at 2:00 PM, Neeranam said:

What is a ponzi?

 

 

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Found this interesting, you don't hear of NFTs now, or 99% of crypto coins which were released

 

 

[Neeranam]

  On 6/6/2023 at 2:31 PM, proton said:

Found this interesting, you don't hear of NFTs now, or 99% of crypto coins which were released

 

 

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You spend a lot of time on the Crypto forum. Is it to educate us or something? 

[proton]

  On 6/6/2023 at 2:37 PM, Neeranam said:

You spend a lot of time on the Crypto forum. Is it to educate us or something? 

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spend almost no time on this nonsense

[Neeranam]

  On 6/6/2023 at 2:38 PM, proton said:

spend almost no time on this nonsense

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Maybe go to the ganja forum and tell them that it's not good for them, or how about the Pattaya forum to tell them it's better elsewhere?

[scottiejohn]

  On 6/6/2023 at 2:00 PM, Neeranam said:

What is a ponzi?

 

 

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Anything to do with so called "crypto currencies"!

[scottiejohn]

  On 6/6/2023 at 2:00 PM, Neeranam said:

When did you first learn about BTC and what price was it? Missing the boat is often hard to handle.

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Watching this particular "crypto" boat sink after all the warnings will not be hard to handle!

[Chivas]

  On 6/6/2023 at 2:00 PM, Neeranam said:

When did you first learn about BTC and what price was it? Missing the boat is often hard to handle.

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Dear oh dear.....Go back to my post and this time very carefully read what was written

Off you go.....

 

At no point did I claim I wasnt invested in the past, present or future.

 

I stated that only the terminally dimwitted couldnt grasp that it was a complete and utter ponzi scheme

[Neeranam]

  On 6/7/2023 at 4:59 AM, Chivas said:

Dear oh dear.....Go back to my post and this time very carefully read what was written

Off you go.....

 

At no point did I claim I wasnt invested in the past, present or future.

 

I stated that only the terminally dimwitted couldnt grasp that it was a complete and utter ponzi scheme

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Is it that hard a question that you have to resort to this kind of reply? 

[Mavideol]

  On 6/6/2023 at 7:54 AM, FritsSikkink said:

Binance and its head Changpeng Zhao

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is he Chinese by any chance.... e..nuff said 555

[Neeranam]

  On 6/6/2023 at 8:13 AM, ozimoron said:

Target 24k. If that fails then 19k or more likely the previous low of 16k. If they fail, pick a number.

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What price did you buy BTC? 

[FritsSikkink]

  On 6/7/2023 at 5:33 AM, Neeranam said:

What price did you buy BTC? 

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What is your total amount of "crypto wealth"?

[Jenkins9039]

Biggest issue around the crypto markets, is if there is a disruption to Binance Global (Indictment) majority of exchanges (such as satang) are integrated with their AML/Screening, Orderbook/Matching Engine and liquidity.

 

If Binance goes down, it will take at least another 100 exchanges directly with it.

[NativeBob]

I don't see "3 month low". 

[ozimoron]

  On 6/7/2023 at 5:33 AM, Neeranam said:

What price did you buy BTC? 

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I have a put on it from about 26,200 (no leverage). The recent dip was the SEC announcement then it had a double bottom and RSI bullish divergence so it recovered what it lost but no more than that. I'm still in the bearish camp.

[Neeranam]

  On 6/7/2023 at 10:18 AM, ozimoron said:

I have a put on it from about 26,200 (no leverage). The recent dip was the SEC announcement then it had a double bottom and RSI bullish divergence so it recovered what it lost but no more than that. I'm still in the bearish camp.

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I see. 

I bought at $2k - $9.5k pre 2020.

Sold a house last year and put everything into BTC, at 16.8k and 18.8k.

 

My biggest holding is Dot, which I bought at $4-6.

2nd biggest is EGLD, or multiversx. 

[ozimoron]

  On 6/7/2023 at 10:27 AM, Neeranam said:

I see. 

I bought at $2k - $9.5k pre 2020.

Sold a house last year and put everything into BTC, at 16.8k and 18.8k.

 

My biggest holding is Dot, which I bought at $4-6.

2nd biggest is EGLD, or multiversx. 

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I wouldn't rule out seeing something close to those prices again. I like DOT and would buy at when It drops sufficiently. EGLD I'm not so sure about.

 

These days I would stick to only the top ten by market cap except for very small hoddle plays.

[HappyExpat57]

  On 6/6/2023 at 9:03 AM, Chivas said:

Course it is

 

Only the terminally dimwitted would believe that photos of Bored Apes, Frogs and all the rest of the uber bollacks  have hidden value

 

No asset backing......one day these people will wake up and its all gone.

 

...........tell me who they are going to complain to !

 

Comedy Gold but sad at the same time that people can be taken it by this shight

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FWIW, just about ALL currencies any more are fiat currencies, not backed by any physical assets whatsoever. Just a wink, a nod, and a "trust us, we're good for it."

[Neeranam]

  On 6/7/2023 at 10:30 AM, ozimoron said:

I wouldn't rule out seeing something close to those prices again. I like DOT and would buy at when It drops sufficiently. EGLD I'm not so sure about.

 

These days I would stick to only the top ten by market cap except for very small hoddle plays.

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?? 

DOT is currently at $5.

It was $4 when it first came out, it was over $50 at peak. 

 

 

[Neeranam]

  On 6/7/2023 at 4:59 AM, Chivas said:

Dear oh dear.....Go back to my post and this time very carefully read what was written

Off you go.....

 

At no point did I claim I wasnt invested in the past, present or future.

 

I stated that only the terminally dimwitted couldnt grasp that it was a complete and utter ponzi scheme

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When did you first buy BTC? 

[ozimoron]

  On 6/7/2023 at 10:42 AM, Neeranam said:

?? 

DOT is currently at $5.

It was $4 when it first came out, it was over $50 at peak.

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so? There are coins below issue price. $4 is not the floor.

[Neeranam]

  On 6/7/2023 at 10:44 AM, ozimoron said:

so? There are coins below issue price. $4 is not the floor.

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I suggest you buy now. 

I've also been getting 12% pa from a US bank by staking it, although putting my new buys into Polkadot site getting 15.8%

[Neeranam]

  On 6/7/2023 at 10:44 AM, ozimoron said:

so? There are coins below issue price. $4 is not the floor.

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Which ones? 

[Sametboy2019]

  On 6/7/2023 at 12:25 AM, scottiejohn said:

Anything to do with so called "crypto currencies"!

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This post won't age well. This is all part of the process. There are thousands of scams in crypto as there usually is in emerging markets but a few cryptos have utility which we will see come to fruition in the next few years