Brace yourselves. The crypto regulations are coming.

29 giu 2018

If anyone, like me, watched the SEC and CFTC interview by US senators, you might remember how joyful they were, especially the SEC chairman "crypto is amazing" "my children are finally interested" "this is the future in 20 years we will laugh about the early days" "this is just a totally normal correction it happens all the time to Bitcoin it will simply bounce as usual".

I wonder what will happen when the "healthy totally normal" 80% correction turns into a 95% correction and keeps going down... ]:-)

Think the regulators will let that one go? Think we'll still be able to trade crypto with *5 or more?
Not even sure it will still be possible to margin trade it so that means no simple way to short it.

Get ready to get regulated.
Same dumb shhh all over again. Diversify. If the ship is sinking take the last lifeboats before the bagHODLers realise they're about to drown.

With more regulations the liquidity will drop further, get ready for crypto to look worse than OTC stocks.

Would not be surprised ICO scams and tether brings some bunch of "protective" rules quite soon.

Do not be surprised if exchanges get shut down and then have join chasing after your money for years.

Could not look more like a bubble about to implode if it tried...

Way more, safer, better, trade opportunities elsewhere. Don't lose your time and don't risk your money.

PS: Let me write a couple of random words here, see how well they fit together
MtGox, Tether, Bitconnect, Ponzi, Madoff, ENRON ....

"
Bitcoin BagHODLers: Bitcoin has gone up a thousand times over the last years, it's like free money, we're so lucky to have bought in!

Turkeys a week before Thanksgiving: this nice farmer guy has been feeding us for free for months, we're so lucky to be living on his farm!
"

Actually that is not even true, bitcoin bagHODLers don't feel lucky but rather feel like masterminds that know something others don't.
Must be a lack of comon sense...

29 giu 2018

Nota

In the next 6-12 months, to avoid rules to protect me, I will launch banana investing "a fapper's best friend".
Our office hours are: Friday 4-5pm GMT. email: [e-mail]. No land line.

We specialize in spamming our website with warnings on how risky finance is, to avoid getting sued, and manage money.
We select our clients carefuly.
Clients have to fill our form:
"Do you want me to manage your money" and the answer will always be no.

Then, maybe, I get to do what I want :D

"Hey what do you do for a living"
"I am the CEO of banana investing"

brb finding a name dumber than this

29 giu 2018

Nota

Excuse me but how did piss-for-brains figure going long on EURCHF was a great idea there, and why do I get hit with regulations?



Excuse me but why do I have to fight around regulations and can't ever consider trading for a living as "protective" regulations sword is always hanging over my head?

Because greedy fools "invested" in IPO's back in 1999?

29 giu 2018

Nota

5% a week for 7 months should imply an insta invincibility auran and impervious to any rules.

29 giu 2018

Nota

If Warren Buffet is telling you a bubble is a bubble you better stop calling him old and check out the higher time frames.

29 giu 2018

Nota

Oh BTW, if Bitcoin monthly RSI goes below 40, you are going to hear some gloating from me :}

"tooooold you so"

If it drops but does not get that weak I will gloat too all I said is we at least go below 6000 & probably 3000-4000, and maybe below 3k.

29 giu 2018

Nota

sec.gov/reportspubs/investor-publications/investorpubsdaytipshtm.html

"Day trading is an extremely stressful and expensive full-time job"

LOL. Yeah man I'm pissing myself right here.
Just stressing out 247 you should see me XD

I don't consider myself a "day trader" but according to their mastermind definition I am one almost every week.

29 giu 2018

Nota

Can you lose all of your money trading/investing? YES.

Can you lose all of you money trading/investing if you use less than 10% of your bank account and don't use leverage? NO.

This page from the SEC COULD NOT be more stereotypical if it tried.

It's like putting training wheels on people's bikes and repeating over and over that they should not ride it on the freeway it is very risky and not go too fast and don't ride dunes etc. Exact same.

Nothing wrong with the financial world.
The issue is people being dumb and greedy.
And no amount of regulation will stop wheelchair armless cattle from jumping off cliffs...

2 lug 2018

Nota

wsj.com/articles/look-out-bitcoin-has-lost-its-tether-1530477448

After the bubble pops and it is too late that is when the regulations are coming.

3 lug 2018

Nota

Irl or sometimes on forums easy to find stories about people that went broke and sometimes killed themselves after dot com, but there is no coverage otherwise, impossible to find anything on internet (and tv). They do talk about Apple and Amazon thought, the 2 stocks out of tens of thousands that are success stories.
I am sure that for the hundred of thousands that got destroyed 0.0001% made money so let's focus on that.

Someone explain to the monkey regulators that rather than put more and more warnings rules and regulations maybe they should consider just telling stories of what happened during last bubbles...

And rather than hardcore "regulate" crypto when it will go down, just let people know about all the suicides.