SEC might trigger a bloodbath today: >50%: May 7th: Wake Up! - page 2.

jamesashmore1964

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Quote from: jamesashmore1964 on May 07, 2018, 10:52:21 AM

I just read there is a possibility that if the SEC gets nasty the founder of ETH could do prison time!

It was a security when he launched it: That is a fact: So prison time is a real possibility: I don’t think they will toss him in prison but they could if they pursued it!

jamesashmore1964

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I just read there is a possibility that if the SEC gets nasty the founder of ETH could do prison time!

TheMeowsParadox

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Quote from: jamesashmore1964 on May 07, 2018, 08:27:16 AM

Quote from: lifetimebitcoins on May 07, 2018, 08:19:22 AM

In my view, Sec will give us a positive update regarding ETH is not a security the debate is pending for quite a some time

It’s 50:50: Heads or tails: if you own ETH or XRP you are no better than a roulette gambler. BTC does not suffer from this problem because NO ICO and HAS miner rewards!

I totally agree, you have some point here.
It maybe better not to jump into conclusion, and went on panic mode selling.
I believe fluctuation is kinda normal in the market, so why rush anything?
BTC is gonna stay strong, thats what I think.

jamesashmore1964

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Quote from: slaman29 on May 07, 2018, 10:13:01 AM

Definitely agree that ETH is safe (it's going to be extremely hard to argue for it as a security, 100% impossible in my eyes) and definitely agree Ripple faces the keener danger. Eth's decentralization over the past 2 years will also bode well for it, while XRP's extreme centralization will definitely make SEC extra strict.

All the same, I doubt the SEC will make an absolute statement over both tokens. They might single out specific ERC20 tokens, however.

Ripple has been offering coins under the table etc for entities to agree to their terms: They are screwed!

rarg

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Quote from: ManaMan on May 07, 2018, 06:44:28 AM

Because of what ethereum is doing I think it shouldn't be any problem regarding them. To many developers and many start-ups and companies are build around it to simply try to kill it. Ripple offers good business model if they succeeded but it should pass, although I honestly don't see anything with ripple that I like because of the fact that it is centralized.

Quote from: LancelotRay on May 07, 2018, 06:35:58 AM

Can you give more info about the SEC / any sources?

Seems interesting and would love to read more.

Here is some source of where you can inform yourself more about it: http://fortune.com/2018/05/01/sec-and-cryptocurrency-regulations/

Although I am sure there are other places that can provide valuable information regarding this.

Honestly, I don't follow much information regarding SEC, Ethereum and Ripple things. But that links help me a lot to understand what's going on with SEC today.
So, I think ETH should pass the SEC regulation. If it didn't, the price will crash very hard.

kinki32

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I think Ethereum alliance have very powerful and they can get good review from SEC because most of America banks invested in Ethereum.

cryptohunter

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both could be in trouble but ethereum did have a large pow phase too so that may be taken into consideration

actually any ico based project could be in trouble after today

pow without large premines are the only way to go

slaman29

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Definitely agree that ETH is safe (it's going to be extremely hard to argue for it as a security, 100% impossible in my eyes) and definitely agree Ripple faces the keener danger. Eth's decentralization over the past 2 years will also bode well for it, while XRP's extreme centralization will definitely make SEC extra strict.

All the same, I doubt the SEC will make an absolute statement over both tokens. They might single out specific ERC20 tokens, however.

beerlover

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Quote from: Angelia46 on May 07, 2018, 06:06:11 AM

It seems that this is not an accurate message.
Because America is just talking, not ultimately, people are panicking. Grin

It is actually a day for the two, but I just do not know why some set of people just love to proclaim doomsday theory and they really do not always know how much they will always keep embarrassing themselves.

Obviously, SEC will not in their sane mind throw ETH out into the garbage and who cares about ripple anyway as it is just some centralized shitcoin waiting to implode, and why would anyone just be assuming for the market when nothing is even happening yet and rather than hope for the better side of the theory, they would just prefer to stick to the worst part of it ?

jamesashmore1964

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Quote from: Haley craft on May 07, 2018, 09:00:53 AM

I don't think it's possible. Now ETH and XRP are hard to define as securities.
The Times are developing and new things cannot be defined by the past.

When ETH Launced its ICO it was a security in my opinion. The founder got rich not using due dilligence to define whether or not what he was doing was legally correct. He got rich breaking SEC regulations. He will have to pay the keeper!

He will spend a lot of time in the future in courts regardless. He is also on the record as saying things about the price of cryptos been worthless and also said that he was at a stage where he would walk away from ETH. Guess what: This guy is skating on thin ice and HAS upset me. I have reach and wait for today’s decision!

Haley craft

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I don't think it's possible. Now ETH and XRP are hard to define as securities.
The Times are developing and new things cannot be defined by the past.

jamesashmore1964

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7 coins green in top 100 at time of this post: Wonder Why? Brace yourself for the SEC!

jamesashmore1964

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Quote from: ilnick on May 07, 2018, 08:44:05 AM

Feels the beginning of a big game. They can begin to put pressure on crypto, but will declare the creation of national crypto. The King is dead. Long live the King! Grin

If your correct ETH will be worth 5 cents tomorrow!

ilnick

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Feels the beginning of a big game. They can begin to put pressure on crypto, but will declare the creation of national crypto. The King is dead. Long live the King! Grin

jamesashmore1964

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Quote from: SHawk on May 07, 2018, 07:13:18 AM

SEC decision cannot trigger any bloodbath as most crypto especially ethereum is doing very fine and has stable management team who are working tirelessly to make it a success so you do not need to panic about the decision of SEC on ethereum or ripple. But for some other developing altcoin, they may be affected by this decision.

Your post makes no sense: BITCH
The SEC decision is paramount!

jamesashmore1964

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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.

Wishful thinking!

jamesashmore1964

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Quote from: lifetimebitcoins on May 07, 2018, 08:19:22 AM

In my view, Sec will give us a positive update regarding ETH is not a security the debate is pending for quite a some time

It’s 50:50: Heads or tails: if you own ETH or XRP you are no better than a roulette gambler. BTC does not suffer from this problem because NO ICO and HAS miner rewards!

jamesashmore1964

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If they deny XRP and ETH it cleans up the industry and puts it under one umbrella: The Howey test: It is an easy solution for them: Goldman Sach would be gunning for this because it gets rid of their competitors!

lifetimebitcoins

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In my view, Sec will give us a positive update regarding ETH is not a security the debate is pending for quite a some time

jamesashmore1964

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Quote from: steplaza on May 07, 2018, 08:15:13 AM

What does being deemed a security imply practically? Exchanges are going to be forced to pay additional fees?

They would probably introduce a moratorium that ETH or XRP could be listed for a period of time and the exchange would have to get a securities license etc in the USA! Many offshore exchanges would not list them: FACT!

Topic: SEC might trigger a bloodbath today: >50%: May 7th: Wake Up! - page 2. (Read 532 times)