Bitcoin....who's gotten into it?

[shera]

Thanks, I've seen discussion of the Howey test including from Gensler. I'm wondering about this IRS stuff though.

[shera]

Bitcoin surging, 22k incoming?

[MultiVerse]

Crypto lender Genesis files for bankruptcy:

• Genesis owes its top 50 creditors about $3.4 billion
• Genesis is the lending partner for Gemini’s “Earn” program
• SEC filed against Gemini Trust and Genesis Global Capital, alleging the firms sold unregistered securities to retail investors
• Bitcoin bear market wiped out around $2 trillion in crypto market cap
• Genesis Global Trading is now a major crypto liquidity provider, especially after the collapse of FTX
• Crypto prices are little moved by the news, so far anyway just another day in crypto

[bennymac]

could be this latest collapse was already priced in?

could just be a classic Friday pump with a pending Sunday slump

Hedera jumped a number of spots on the leaderboard - likely due to the marketing they did at Davos this week

#winnerswin

[stalefish3169]

Bump.

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[byates1]

Picked up some LRC at .21 a short while back. Fast money at .40 now. 16% pop today. Took some profit. Thx LRC.

[byates1]

Plan b created a YouTube channel. Cool

https://youtube.com/watch?v=zdsR1PpJ...SIkaIECMiOmarE

[J. Barron DeJong]

Going to be so pissed if this thing goes ‘to the moon’:



Still feeling quite confident it’s not going to though.

[byates1]

Well, plan on being pissed. BTC is here to stay. Will 10/20x in the next decade.

[byates1]

https://youtube.com/watch?v=pe27FiXt...SIkaIECMiOmarE

Plan b latest chart discussion

[frorider]

https://fortune.com/2023/02/02/bitco...e-outlook/amp/

:shrug:

[stalefish3169]

Going to be so pissed if this thing goes ‘to the moon’:



Still feeling quite confident it’s not going to though.

Why do you hate freedom?

[byates1]

He enjoys being told what to do.

[stalefish3169]

He enjoys being told what to do.

Yep. It's sad. So many smug individuals are really getting a kick out of advocating against their own best interests.

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[skaredshtles]

Yep. It's sad. So many smug individuals are really getting a kick out of advocating against their own best interests.

This post amuses me.

[byates1]

I'm going to watch the news tonight pick a side get outraged at something and argue endlessly w anyone who will listen. Should be a good time.

[stalefish3169]

"You'll get paid interest by your bank at a rate lower than inflation and you'll be happy." - Gary Gensler


https://twitter.com/WClementeIII/sta...1aRUP5mCg&s=19

[stalefish3169]

This is scary unconstitutional behavior.

https://www.piratewires.com/p/crypto-choke-point

[Harry]

This is scary unconstitutional behavior.

https://www.piratewires.com/p/crypto-choke-point

I read this. Did you ?

He claims that crypto is just as legitimate as online poker. LOL.


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[stalefish3169]

Hester keeping it real, as usual. Gary Gensler is a a bad cop.

https://www.sec.gov/news/statement/p...-kraken-020923

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[stalefish3169]

I read this. Did you ?

He claims that crypto is just as legitimate as online poker. LOL.


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I'm in favor of adults being able to spend their own money how they choose. The government picking winners and losers (because they are owned by corrupt monopolists) is horrible precedent and will put younger American generations at a huge disadvantage compared to other jurisdictions.

[mud]

Which came first, the bitcoin bag holders or hot Asian women sending me FB messages on how to make money in bitcoin?

[stalefish3169]

Yep. It's sad. So many smug individuals are really getting a kick out of advocating against their own best interests.

Which came first, the bitcoin bag holders or hot Asian women sending me FB messages on how to make money in bitcoin?

Yep.

[neufox47]

This is scary unconstitutional behavior.

https://www.piratewires.com/p/crypto-choke-point

How is this unconstitutional? The government has wide powers to regulate and control banking. Thank goodness they aren’t letting banks get too tied to crypto assets. It’d be a total dereliction of duty if they allowed a crash and bank insolvencies that spread to traditional finance from crypto.

[Mustonen]

How is this unconstitutional? The government has wide powers to regulate and control banking. Thank goodness they aren’t letting banks get too tied to crypto assets. It’d be a total dereliction of duty if they allowed a crash and bank insolvencies that spread to traditional finance from crypto.

It’s a bit scary how close tradfi got to adding substantial crypto assets to balance sheets. If the bottom had fallen out from crypto a couple years later or if adoption had been a couple years earlier, the implications would have been far further reaching.

Regulatory agencies are, generally, preoccupied with protecting the fund, and while “safety and soundness” is their most generic hammer, it’s also their biggest hammer. It makes 100% sense to cite that concern when it comes to crypto and the specter of large numbers of regional financial institutions lending against crypto collateral and muddying up the balance sheet.

“Unconstitutional.” That’s precious.