SEC might trigger a bloodbath today: >50%: May 7th: Wake Up!

Dimm_bounty13

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Quote from: jamesashmore1964 on May 07, 2018, 05:54:40 AM

The SEC will decide the fate of ETH and XRP today

I think ETH is safe but XRP is questionable!

It might be a good day it might be an ugly day!

I'm very frightened about my savings at these moments. SEC is an important organization, which influences much the cryptocurrency market and its statements can make everything to collapse. I wouldn't like this, I hope, everything goes smoothly

Melnikof

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Quote from: jamesashmore1964 on May 07, 2018, 05:54:40 AM

The SEC will decide the fate of ETH and XRP today

I think ETH is safe but XRP is questionable!

It might be a good day it might be an ugly day!

It strikes me again and again what paradoxical conclusions people can draw from any news. It's so obvious, that either everything will be okay or everything will be bad. Such predictions may be made by any of us. Give us a more detailed answer about this news impact on the market!

TastyChillySauce00

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Quote from: Alex077 on May 07, 2018, 11:11:14 AM

Quote from: jamesashmore1964 on May 07, 2018, 05:54:40 AM

The SEC will decide the fate of ETH and XRP today

I think ETH is safe but XRP is questionable!

It might be a good day it might be an ugly day!

Undoubtedly, today's downturn on the market is happened because of the possible negative decision of the SEC. But it is unlikely that there will be some prohibitions and tough decisions, many large banks integrate ripple, and Ether also works with big state projects. Most likely there will be a small criticism, and that's all; we shouldn't wait for strong growth of the market after this.

That's the whole thing and the market is going crazy LOL, it's kinda unique how the crypto market react to uncertainty condition of future regulation regarding cryptocurrencies, just my thinking is that, our market is still too young to stabilize.
The only thing we can do is just sitting here waiting for SEC decision, just hope that the market could recovers or maybe go to the moon, instead of always tied to every upcoming problem that faces crypto.

upsidedown75

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Quote from: Barabulya on May 07, 2018, 05:59:14 AM

In my opinion, this will only serve as an occasion for the next price movement in the market. Another opportunity to make money on the fall, and then on the price increase.

Simple as it is. I believe some people always just love the idea of even raising FUD out of nothing so as just to create some unnecessary panic. Whoever wants to sell off is free as no one cares; the thing is we are going to be buying their shares from the bottom as you have said. Moreover, this is still not news anyone should be worried about, and as long as we keep putting too much attention on every stupid thing, this market will not in any way grow.

UAE Seasider

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Took a long hard look at this last Saturday / Sunday and concluded this smelled fishy, it just made no actual sense why the SEC would make any specific ruling about a 3+ year old coin.

Turns out it was fake news to manipulate the market, so shame on all those that promoted this event.

Xioma

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Quote from: nmax21 on May 08, 2018, 07:10:19 AM

So remains the whole secret of this story? Was this meeting? what decision was passed by the SEC? What will happen to Ethereum? There are those who know what was really, was there any information from official sources?

Also interested in this. I don't think a whole lot came out of the deal to affect the markets apparently.

nmax21

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So remains the whole secret of this story? Was this meeting? what decision was passed by the SEC? What will happen to Ethereum? There are those who know what was really, was there any information from official sources?

Simayi

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Now that the meeting is over, as we expected, nothing bad happened. After ETH's price experienced a short period of decline, it will turn green again today.

justdimin

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Quote from: jamesashmore1964 on May 07, 2018, 06:33:55 AM

Quote from: 3kpk3 on May 07, 2018, 06:23:44 AM

This is an important event and I feel like the current market correction could be due to this particular event itself. Majority of the market is in the red now which puts most of the coins and tokens in my portfolio in the red, but this is healthy for the market. I don't think this event will have a major impact on the crypto market. Ethereum and Bitcoin will continue their rally slowly and steadily and they will reach new highs by the end of this year(Am optimistic).

Yes that is probably why the market is red but no chart analyst took this into consideration when they said buy BTC as it was nearing 10K. These soothsayers should be put in prison.

The SEC are looking at many coins overtime if you are holding one they deem as a security you will face a BIG loss

Come on guys! You always look for theories for everything and every red that happens in the market, don't we ?

The market cannot just keep going up and the altcoin market in general has reached a stage for correction and that is the main reason behind that right now, and whatever the outcome of the news on ETH and XRP ended up as, no one really cares. It is not like the first time FUD will be raised from news like this and always ends up turning otherwise.

steplaza

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So was this really all made up? News was reposted also by other major websites....
Remarkable.. I wonder why and who's behind this

AdobeWriter

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Quote from: jamesashmore1964 on May 07, 2018, 06:29:15 PM

If it was a Hoax the SEC should have informed the public that it was a hoax!

Such meeting was never on their publicly announced program. I don't think we'll get anything more than this if it's really fake news. In such a case neither the SEC or the CFTC would care enough to go out and make a public statement on the topic. We're not exactly the highest priority of theirs.

jamesashmore1964

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If it was a Hoax the SEC should have informed the public that it was a hoax!

AdobeWriter

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Guys, it looks like this may all prove to be just FUD. Looks like Wall Street Journal published a bunch of fake news, maybe by accident but who knows. People are discussing it on reddit. It's too early to say yet, but looking this way

https://www.reddit.com/r/ethereum/comments/8hobwh/is_this_sec_is_eth_a_security_meeting_actually/?st=jgwgergl&sh=f6eb9b18
https://www.reddit.com/r/ethereum/comments/8hl71x/doomsday_nonsense/?st=jgwgets4&sh=0f80910b

I guess we'll know soon one way or another.

jamesashmore1964

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Quote from: STIKS1911 on May 07, 2018, 11:17:14 AM

I believe that the ethereum will be safe. A lot of projects are connected with it and I think nothing bad for it can happen. In my opinion this is a very important coin. This is my subjective opinion.

A lot of illegal projects are connected to it offering 30 plus percent returns per month. Why do you think Facebook, Google, etc did what they did. Do you think Larry from Google doesn’t know what’s going on! Maybe I am wrong: wait and see!

tursunalimenman

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That's why I saw yesterday and today red light. I hope that SEC won't be stupid and won't kill crypto. Because now crypto has a lof of potential a lot of companies and people make profut with that , Samsung, Nvidea and others. I hope they can take some time crypto to progress. Of course a lot of ICO's now on market is a scam and we need some regulation. But it does't mean that we can shoot crypto, blockchain should live. This is very perspective technology

naidray

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Quote from: jamesashmore1964 on May 07, 2018, 05:54:40 AM

The SEC will decide the fate of ETH and XRP today

I think ETH is safe but XRP is questionable!

It might be a good day it might be an ugly day!

I am not sure there should be any bloodbath anywhere as this should really not pose a major problem unless SEC is just out rightly stupid. Firstly, there is no point assuming the worst when it is just a deliberation and secondly, I do not see ETH being affected considering the level at which the market has birthed a lot of tokens over the years and that would be more like an attack on cryptocurrency as a whole. However, i really do not care about XRP anyway as that is more like a shit coin to me ever since it was brought into the market.

STIKS1911

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I believe that the ethereum will be safe. A lot of projects are connected with it and I think nothing bad for it can happen. In my opinion this is a very important coin. This is my subjective opinion.

DarkBullet

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Another market manipulation and those whales are on the move to grab those coins at its lowest price because they know that it will sky rocket by the end of the year. Somethings smells fishy, don't you agree? There are a lot of scam ICO listed in the market so why SEC only highlighted XRP and ETH? Well, it will be favorable for all of those traders to see a market correction and are very bullish to buy XRP and ETH.

Alex077

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Quote from: jamesashmore1964 on May 07, 2018, 05:54:40 AM

The SEC will decide the fate of ETH and XRP today

I think ETH is safe but XRP is questionable!

It might be a good day it might be an ugly day!

Undoubtedly, today's downturn on the market is happened because of the possible negative decision of the SEC. But it is unlikely that there will be some prohibitions and tough decisions, many large banks integrate ripple, and Ether also works with big state projects. Most likely there will be a small criticism, and that's all; we shouldn't wait for strong growth of the market after this.

jamesashmore1964

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EtH has spawned many coins that are get rich schemes offering 30 percent returns per month etc: FACT
ETH should have used due dilligence to make sure that coins using their platform were legit!

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