Crypto Megathread V16 - Only The Strong Survive

[Anewt]

Don't worry I reversed it by talking about it

 

[TeTe]

@TeTe , you been having words about ada again?

Someone must've because it just got a kick up the the ass again lol

Charles hype job in less than 24 hours.

 

[Anewt]

Charles hype job in less than 24 hours.

Ahhhh . Stupid tiny amount of ada. Oh well I like what I like

 

[Nik123]

The point most people miss about the US legislation is the fact that they are trying to legislate it.....which means they formally recognise it as an asset class. Crypto is not going away, and for the first time the US government have accepted this. When I first got into this space in 2016, the Government didn't even acknowledge crypto and if they did they said it was basically a scam purely for illegal activity and will be fall apart soon (5 years later, here we are).

As for the bill that went through parliament without the needed amendment, it will have a much tougher time getting through the House. Also, the crypto lobby behind the scenes is incredibly vocal and strong - there are senators and lawyers all over this behind the scenes. There is serious money behind crypto now. Lastly, any bill that passes the House will not be enacted until 2023, so there is plenty of time to educate the boomers in government by then.

They will realise their rookie mistake - ie. when you have climate concerns you don't tax PoS systems while promoting PoW systems that are the ones that actually have energy emissions (though even the adverse climate effect of those is debatable, when compared to the energy emissions of traditional finance/office infrastructure today).

Not to mention, Yellen has actually now reversed position with support for the amendment.

And also worth noting that in an absolute worst case scenario - any innovation that is driven off US shores by myopic regulation will be happily embraced by any number of other crypto friendly countries. The crypto genie is out of the bottle gentlemen, there is no going back.

 

[Rob Battisti]

@Nik123 i didn’t see a yellen reversal. That’s good if it happened

Side note: ADA $45 from flipping ALGO

 

[Nik123]

@Nik123 i didn’t see a yellen reversal. That’s good if it happened

There was an article on one of the crypto news sites about it. Even if we assume that's fake news, it really doesn't matter - main thing to remember is this industry isn't going anywhere, and the boomers in government have realised that for the first time this month.

 

[Rygu]

No spot trading for 4 hours on fucking Binance and it starts just as BTC is going up what a joke I have some Doge to dump you dicks.

 

[Anewt]

No spot trading for 4 hours on fucking Binance as it starts just as BTC is going up what a joke.

I've avoided binance thankfully.. that's gotta be frustrating

 

[Rygu]

I've avoided binance thankfully.. that's gotta be frustrating

I can't even put in a sell order before I goto bed watch it'll hit my target price of .29 while I sleep lmao

 

[TeTe]

@Nik123 i didn’t see a yellen reversal. That’s good if it happened

Side note: ADA $45 from flipping ALGO

Ada is going to dump hard after tomorrow.

 

[TheMaster]

AGIX making some moves

 

[Anewt]

AGIX making some moves
View attachment 873593

I'm guessing that yellow came from the war room? Don't get another you're a core of this thread

 

[meauneau]

@Nik123 i didn’t see a yellen reversal. That’s good if it happened

Side note: ADA $45 from flipping ALGO

 

[Rob Battisti]

Officially flipped.

this is a weird dead cat bounce

 

[Long Dark Blues]

Takin' some profits today, brahs. Takin' some profits. I'm at ~35%.

 

[Rob Battisti]

Takin' some profits today, brahs. Takin' some profits. I'm at ~35%.

Same, converted ~40% of my ADA to USDC

 

[Long Dark Blues]

Same, converted ~40% of my ADA to USDC

Same same.

 

[TeTe]

Robs getting paranoid these days

 

[Rob Battisti]

Robs getting paranoid these days

*cautiously peers through blinds looking for the Federal Reserve vans*

 

[TeTe]

*cautiously peers through blinds looking for the Federal Reserve vans*

LOL, I think I'm going to convert my ADA to USD Coin soon too, might wait until Charles sells his hopes and dreams and do it right after.