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Topic: Who will the SEC investigation uncover as the Eth manipulator? - page 3. (Read 3248 times)

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Nailed it.

Cryptocurrencies arn't regulated by the SEC.

Yea sure, and I suppose a financial organization located in Costa Rica should be immune to the US government too right?

https://en.wikipedia.org/wiki/Liberty_Reserve

DAO is just going public with a non-existent company from your basement to scam investors.  The SEC is interested in things like that as well as Eth by proxy.


I don't think the price is manipulated as such.

You need to be born yesterday to look on Bologniex and believe that's not a one man market.  One single guy madoff'ing the fuck out of people.

Perfect quote for that:

"Markets don't have a purpose any more - they just reflect whatever central planners want them to"

Like how the Larimers and co. manipulated BTS?
legendary
Activity: 1260
Merit: 1000
Nailed it.

Cryptocurrencies arn't regulated by the SEC.

Yea sure, and I suppose a financial organization located in Costa Rica should be immune to the US government too right?

https://en.wikipedia.org/wiki/Liberty_Reserve

DAO is just going public with a non-existent company from your basement to scam investors.  The SEC is interested in things like that as well as Eth by proxy.


I don't think the price is manipulated as such.

You need to be born yesterday to look on Bologniex and believe that's not a one man market.  One single guy madoff'ing the fuck out of people.

Perfect quote for that:

"Markets don't have a purpose any more - they just reflect whatever central planners want them to"
hero member
Activity: 532
Merit: 500
For anyone that has experience trading any type of stock, commodity, or even baseball card, you can tell within two seconds that Ethereum is not an aggregate market.  It's just one single guy on Poloniex that says "Today the price goes up, tomorrow the price goes down", with no fundamentals or reasoning behind any of it.  In Bitcoin, there are whales, but often times the whales are fighting against one another.  An example would be the attempted BTC shakeout a week ago on BitFinex where someone used around $3 million to try and break the price below $450, but Bitstamp, Coinbase, and others refused to follow their manipulation.

With the DAO scheme (also affiliated with Eth), which is widely being criticized as a blatant scam by many, the SEC and other agencies are going to be looking into what's going on.  If it's an R3 banker, the investigation will probably be stonewalled because it would likely just wind up being a banker attack on Bitcoin itself, trying to draw attention away from Bitcoin and get interest in the banker-backed scheme.  If it's a Chinaman, they usually don't go after those.  However, while all three options are definitely viable, the Occam's Razor solution might wind up being #3, the Ethereum team pump and dumping their own coin with the IPO money you gave them.  

Since they received cash + free Eth coins, they don't even need to buy any, just pump and dump straight out of the gate.  With Vitalik publicly beginning to dump now, this might be the case.  If option #3 turns out to be true, someone is going to be in deep shit, and likely any exchange giving them backroom deals on fees in order to wash trade.



Bam splat your whole argument falls apart before it even starts.



But hey if you support something roach doesn't AUTOMATICALLY you are one of the following:

a shill
liar
manipulator
scammer
idiot
multi account
sock puppet
born yesterday

etc.

Really I can't make up the stupid shit this guy says go look at his posts.

OBVIOUSLY.  Roll Eyes

legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
"The SEC" won't be investigating anyone one in the crypto currency market. It's not their jurisdiction

The Securities Act of 1933 describes securities as things we all understand to be securities: notes, bonds, stocks, etc.

Bitcoin, it's clones and virtually ALL alternative digital currencies are initially generated not by an investment of money, but by expending computer resources or (mining)

Therefore all cryptographic currencies are commodities.

When digital currrency derivatives begin to surface, this will give "the SEC" some jurisdiction. Until then, they're absolutely powerless in this market.

An example would be the attempted BTC shakeout a week ago on BitFinex where someone used around $3 million to try and break the price below $450, but Bitstamp, Coinbase, and others refused to follow their manipulation.

It was not an "attempted shakeout," actually it's funny that you think someone would execute a $3mill transaction with the sole intent of  "shaking someone out" of the market. Hilarious Smiley

Someone sold $3mill worth of coin on Finex.. That's it. It happens...

I'm not saying that there isn't manipulation taking place, because there clearly is. But there are many individuals holding $1mill+ worth of BTC who aren't part of this manipulation ring.

That "shakeout" that you make reference to, was merely a single actor who decided to cash out. Hence why there wasn't a universal move across the rest of the exchanges



Nailed it.

Cryptocurrencies arn't regulated by the SEC. Bitcoin in New York, is regulated by the BitLicence - but Poloniex is not based in New York and doesn't accept NY customers (this is why they brought in all that FYC stuff last year - to make sure they weren't dealing with New Yorkers).
legendary
Activity: 1218
Merit: 1003
I don't think the price is manipulated as such. People are buying into a very dangerous investment opportunity, and the only way to do that is by buying ETH first.

That isn't manipulation, it is creating a market.  It might all crash to the ground, but it will be a fair crash if it does!
legendary
Activity: 1260
Merit: 1000
I mean you said in your first post that "BTC whales fight each other" so I'm not sure if you're being fake pretend stupid, or you really are "challenged" in some way.

Nice sock puppet shill account.  You may as well not bother posting because nobody believes anything those 1 star spam accounts say.  Nobody does numerous dumps of millions of dollars in coins back to back then puts up a fake ask wall right after to try and prevent the price from rebounding except to try and manipulate lower.  When I post the evidence of them caught in the act, your manipulation fails.  You may now go and create a brand new shill account to pretend to be credible again.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
I'll attempt to take you seriously....

Why? You just can't create a discussion with such people...

sr. member
Activity: 446
Merit: 251


Kyle Torpey is a know Bitcoin Maximalist who subtly pushes his agenda via his articles. Not sure quoting him adds any credibility to your post, more the opposite.

Pretty much that, smart Bitcoiners and developers already realized that Ethereum is a platform second to none, at this stage is in everybody's best interest to find ways and room for collaboration between Ethereum and Bitcoin platform.
member
Activity: 70
Merit: 10
We appreciate the screenshot, the writing and yellow highlights too. Impressive

I'll attempt to take you seriously, but when you say things like "Fake wall" it does make it difficult. Never the less...

You can't cry manipulation whenever someone sells more than a million $ worth of coin. I appreciate the pseudo analysis that you've slapped together here, but you're clearly over-reacting and attempting to create some kind of false narrative to bring validity to your comments.

No matter how much yellow highlight you use... or how many screenshots you post, it's not going to force anyone to adopt this warped view of the market that you obviously have.

I mean you said in your first post that "BTC whales fight each other" so I'm not sure if you're being fake pretend stupid, or you really are "challenged" in some way.

It's an open market, and people will buy millions of $ worth of coin... and later, they'll sell millions of dollars worth of coin. That's what happens in a marketplace. You can't cry manipulation just because you're seeing large sells
 
legendary
Activity: 1260
Merit: 1000
Kyle Torpey is a know Bitcoin Maximalist who subtly pushes his agenda via his articles. Not sure quoting him adds any credibility to your post, more the opposite.

It doesn't matter if you think he's biased, I already covered why the fundamentals of buying the DAO is pointless below.  Best case you're making a bad investment, worst case you're being scammed:

https://bitcointalksearch.org/topic/why-would-anyone-buy-this-dao-crap-1471177

It was not an "attempted shakeout," actually it's funny that you think someone would execute a $3mill transaction with the sole intent of  "shaking someone out" of the market. Hilarious Smiley

You're obviously a lying shill poster by saying such things (nobody trusts your garbage 1 star sockpuppet accounts).  I even have a screenshot of the attempted shakeout in action.  It was clearly an attempted but failed shakeout on BTC.  They have tried this SEVERAL times ever since Bitcoin began to rise.




member
Activity: 70
Merit: 10
"The SEC" won't be investigating anyone one in the crypto currency market. It's not their jurisdiction

The Securities Act of 1933 describes securities as things we all understand to be securities: notes, bonds, stocks, etc.

Bitcoin, it's clones and virtually ALL alternative digital currencies are initially generated not by an investment of money, but by expending computer resources or (mining)

Therefore all cryptographic currencies are commodities.

When digital currrency derivatives begin to surface, this will give "the SEC" some jurisdiction. Until then, they're absolutely powerless in this market.

An example would be the attempted BTC shakeout a week ago on BitFinex where someone used around $3 million to try and break the price below $450, but Bitstamp, Coinbase, and others refused to follow their manipulation.

It was not an "attempted shakeout," actually it's funny that you think someone would execute a $3mill transaction with the sole intent of  "shaking someone out" of the market. Hilarious Smiley

Someone sold $3mill worth of coin on Finex.. That's it. It happens...

I'm not saying that there isn't manipulation taking place, because there clearly is. But there are many individuals holding $1mill+ worth of BTC who aren't part of this manipulation ring.

That "shakeout" that you make reference to, was merely a single actor who decided to cash out. Hence why there wasn't a universal move across the rest of the exchanges

legendary
Activity: 2142
Merit: 1010
Newbie


Kyle Torpey is a know Bitcoin Maximalist who subtly pushes his agenda via his articles. Not sure quoting him adds any credibility to your post, more the opposite.
legendary
Activity: 1260
Merit: 1000
Wrong.  I talked to Larimer stating why their system wasn't anti-fragile enough and needed to be changed, but nobody else seemed to think so.  The bitshares forum is a giant echo chamber.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
I think you're being very churlish

And gay.  I don't know what's with this roach guy when he defended the Larimer brothers when they were sucking the Bitshares community dry.  I guess he realized it and sold all his BTS and is now making whining these boards his hobby.
sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
I think you're being very churlish
legendary
Activity: 1260
Merit: 1000
For anyone that has experience trading any type of stock, commodity, or even baseball card, you can tell within two seconds that Ethereum is not an aggregate market.  It's just one single guy on Poloniex that says "Today the price goes up, tomorrow the price goes down", with no fundamentals or reasoning behind any of it.  In Bitcoin there are whales, but often times the whales are fighting against one another.  An example would be the attempted BTC shakeout a week ago on BitFinex where someone used around $3 million to try and break the price below $450, but Bitstamp, Coinbase, and others refused to follow their manipulation.

With the DAO scheme (also affiliated with Eth), which is widely being criticized as a blatant scam by many, the SEC and other agencies are going to be looking into what's going on.  If it's an R3 banker, the investigation will probably be stonewalled because it would likely just wind up being a banker attack on Bitcoin itself, trying to draw attention away from Bitcoin and get interest in the banker-backed scheme.  If it's a Chinaman, they usually don't go after those.  However, while all three options are definitely viable, the Occam's Razor solution might wind up being #3, the Ethereum team pump and dumping their own coin with the IPO money you gave them.  

Since they received cash + free Eth coins, they don't even need to buy any, just pump and dump straight out of the gate.  With Vitalik publicly beginning to dump now, this might be the case.  If option #3 turns out to be true, someone is going to be in deep shit, and likely any exchange giving them backroom deals on fees in order to wash trade.

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