|brave little poaster||08/11/17|
|Wilbur Mercer, permanently embarrassed millionaire||08/12/17|
|Magical Asian Assurance Company||08/12/17|
|the Rudolph of shitcoins||08/12/17|
I appreciate the current enthusiasm in crypto markets and the resilience it has shown with the crash a few weeks back.
However this is my warning that there is a high chance of a black swan that will upend things.
Specifically in terms of regulation & exchanges. The SEC has sent a warning shot but it seems to have been brushed off by everyone in short order. But what's happening now with Bitfinex goes beyond the surface. I suspect a major US exchange is likely to have major problems shortly.
And the biggest risk of all is not actually the SEC -- but the PBoC. The Chinese government has yet to take enforcement action on ICOs and it remains fairly easy for Chinese to purchase crypto. However new ICOs are being launched in China at a crazier pace currently than even in the west at the moment (most of which you haven't heard about). The PBoC are well-aware aware and will do something soon - I suspect again it may involve the more "retail" exchanges which will put an enormous damper on sentiment.
They have even more incentive given they've cracked down on just about all other major sources of capital outflows. And the ramification will be enormous - let me tell you, when the Chinese (or Koreans) panic & dump a speculative asset, there's quite nothing like it.
brave little poaster
this is why i instantly convert to USDT after a BTC moon or ATH
thanks very much for this. if you can relay any hints to your zozo friends about what you hear about anything that may be in the works we would owe you are lives.
also, jfc is omg gonna keep mooning like this???
also any thoughts on quantum or neo? youve mentioned you like 0x and were on point with calling d0x and the other good icos going to market. anything else you like? tyty
Good post OP. The resumption of massive crypto mania post-BTC fork is scary to behold.
soooo cr but yet its sooooo cr
OP, how do you reconcile this poast with the one you made here?
Wilbur Mercer, permanently embarrassed millionaire
Both are flame
I don't think any of this will happen, this is just more bull fuel to crush the bears
crypto is here to stay you can't stop it
Magical Asian Assurance Company
(Stockbroker in 1929)
the Rudolph of shitcoins
17th century dutch tulip farmer, actually.