Misc Crypto trading

[severestorm]

Bitcoin has dropped more than $3K in 3 days:

Maybe in anticipation for Fed's CBDC? Yellen does not like Bitcoin. Will probably be banned or over-regulated in the near future.

 

[drfranklin]

Bitcoin is up over $2K in the last 12 hours

 

[Windergawx]

Bitcoin is up over $2K in the last 12 hours

starting to wick back lets see

 

[drfranklin]

Bitcoin price extremely volatile today

 

[severestorm]

SBF says “dishonesty and unfair dealing” aren’t fraud, seeks to dismiss charges

FTX founder Sam Bankman-Fried prepares to “clear his name.”…

arstechnica.com

 

[drfranklin]

BTC has retreated from its 2023 high (around mid-April), now at $27,400

 

[drfranklin]

Bitcoin is down over 9% in the past 7 days

 

[drfranklin]

SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations​

 

[drfranklin]

SEC sues Coinbase over exchange and staking programs, stock drops 14% pre-market​

at this time, Congress needs to step in and provide legal clarity...I think this lawsuit (which demands "permanent restraint") endangers jobs
BTC is a bit choppy this morning, but are there any leveraged positions left after yesterday?

 

[severestorm]

SEC TO TEMPORARILY FREEZE ALL BINANCE US ASSETS: FILING

 

[severestorm]

Good article

The SEC Is Fighting the Last War

SEC chair Gary Gensler wants you to think Coinbase and Binance are the same as FTX and Celsius. They’re not.

www.coindesk.com

 

[drfranklin]

per Gensler on CNBC this week:
"we don't need more digital currency, we have digital currency. It's called the U.S. dollar. It's called the euro. It's called the yen. They're all digital right now."
wow...this is in contrast to how he portrayed cryptocurrency in his 2018 MIT course
the next 5 years should bring clarity to the digital asset space as Congress will (hopefully) intervene
also believe the CEXs will ultimately change asset offerings/services to comply (see Robinhood today)
Bitcoin IS a worldwide digital COMMODITY and will never go away - as such, companies such as Strike will disrupt legacy monetary systems
I've become a Bitcoin maximalist and may sell digital assets that are potential securities
(eventually, I may just hold BTC, ETH, LTC, DOT, LINK, UNI)

 

[drfranklin]

BTC slowly rising after SEC's lawsuits with Coinbase and Binance

 

[drfranklin]

BTC has been surging the past 4 days...BTC dominance is rising as well...are alts dead?

 

[drfranklin]

BTC continues to surge today...

 

[drfranklin]

Bitcoin over $29K/Bitcoin dominance continues to rise

 

[severestorm]

 

[Bham 99]

This is not a political post, but I think it's interesting.

Robert F. Kennedy Jr. Reveals Desire To Back Dollar With Bitcoin And Eliminate Crypto Tax

During an event organized by the Heal-the-Divide PAC, Kennedy shared his Bitcoin-focused policies that he intends to implement if elected president. His plan includes gradually backing

cryptonews.net

 

[drfranklin]

slowly becoming a Bitcoin maximalist - esp knowing Gary Gensler deems Bitcoin a commodity
(in fact, I suspect all truly decentralized PoW digital assets will be categorized as commodities)
hopefully, the recent XRP judgement will spur Congress into action (as I am not sure it will survive appeal)
March - June 2024 looks very interesting with the upcoming Bitcoin halving (April 2024) and *possible* spot Bitcoin ETF approval(s) at the same time

 

[superjames1992]

slowly becoming a Bitcoin maximalist - esp knowing Gary Gensler deems Bitcoin a commodity
(in fact, I suspect all truly decentralized PoW digital assets will be categorized as commodities)
hopefully, the recent XRP judgement will spur Congress into action (as I am not sure it will survive appeal)
March - June 2024 looks very interesting with the upcoming Bitcoin halving (April 2024) and *possible* spot Bitcoin ETF approval(s) at the same time

I dabbled in some alt coins in 2021 and flew too close to the Sun, but I’ve been adding Bitcoin ever since and I’m not sure I’ll ever throw money into alts again. It’s just so risky.