> "OMG WHY IS IT DROPPING AFTER SEC" > "BUT IT SAID WE ARE GOING TO MOON ON THE REDDIT FRONT PAGE!" > "OMG BUT REDDIT CRYPTOCURRENCY IS ALWAYS RIGHT (*cough* xrb *cough* echo chamber *cough*)
Watch the entire fucking video you nitwits. There is more FUD on the useless of crypto and uselessness and fraud activity involved in ICOs. The only other thing said was that it is a new technology. Of course it's a new technology. But that doesn't make it more USEFUL like the Internet, cell phones, biotech, AI eventually, etc.
Get the fuck off your high horses and accept the fact that the only potentially useful thing that cryptocurrency provides is the ability to transfer money without a middleman. However, not a single person on this god-damn earth would ever give up their "precious coins" if they think the price will go up or down massively. The price will always fluctuate in a free, unregulated market hence removing that purpose.
Inb4 "but they can be used as securities!"
We already have securities dumb fucks. That's not an IMPROVEMENT to the world. Technology not only has to be new but it has to improve, otherwise, it dies like any other trend.
Inb4 "Haha no coiner! You sold at a loss, didn't you?"
Have been mining bitcoin since 2011 knowing that this grand ponzi scheme would erupt.
We watched it live together you fucking fag nocoiner, there were a few megathreads that day discussing every second of the hearing. Brainlet.
Oliver Moore
Of course it did because of nitwits like you who didn't watch the hearing,and spread the biased reddit page everywhere. However, smart people actually did watch the hearing and knew that this downtrend is going to continue for the next few months if not years.
Austin Fisher
>downtrend kek sage
Henry Howard
Your picture sums up your post quite nicely
John Gonzalez
>Have been mining bitcoin since 2011 knowing that this grand ponzi scheme would erupt. I've never heard of anyone who mined bitcoin in 2009-2012 calling it ponzi scheme.
I smell a salty nocoiner.
Mason Myers
who be this
Hudson Powell
>JPM: "Cryptocurrencies could potentially have a role in diversifying one’s global bond and equity portfolio".
Eli Jones
You only feel that way because core devs fucked up. Had bitcoin staid fast and cheap, we would be seeing mad adoption pushes right now like we saw in the 2013 bubble.
Core almost squandered it. basically crypto needs to succeed in onboarding online retailers in the next 12-24 months or its game over. BCH will fix it
The fucking heads of the SEC and CFTC both said that crypto should be regulate like a legitimate asset class
Jesus how braindead are you. >muh fraud in ICOs
What do you think regulations would be introduced to fix
The fuck out of here with this pathetic FUD. No shit some of these coins will be worthless, no shit some of them aren't useful, but--yet fucking again we're tired of explaining--those that do survive will become the new standard for their industries moving forward
Lucas Thomas
Also it fucking went up after that meeting, not down lmao imagine being this delusional
One of those was mt gox when crypto was largely fueled by darkweb drug trade (2014), the other was in 2016 when the total market cap was barely over $10 mln
You can't even compare those to more recent corrections when the market bounced back within months. Also calling those multi year is fucking laughable--the second was literally half a year, the first was only two years
Grayson Adams
>hurrururrrrurrr Also what a homofag fucking thread fuck sage
Senator Boomer Warner said crypto could be a 20 trillion dollar market
Josiah Hall
The memes generated during that meeting were fantastic. I haven't laughed that hard in months. I pity anyone who missed the live meeting and threads
Landon Wright
>ICOs yeah, the late adopter's idea of getting rich
the SEC doesnt give a shit about "old, proven" coins that were once ICOs, like ethereum, just the shitcoins. if this concerns you, sorry you say, you may be a late adopter.
