My worst fears about crypto currencies are being confirmed...

in #news • 7 years ago

Just read this article "Legal Experts Warn of Coming Crackdown on Token Exchanges" from coindesk:
https://www.coindesk.com/legal-experts-warn-of-coming-crackdown-on-token-exchanges/

BTC-E, FinCEN, SEC are all links of the same chain:
Governments are attacking the current infrastructure of the crypto industry. It's very clear now. Therefore, everyone now wants only to sell coins and hide them in cold wallets. Or, even worse, go to fiat. Lots of people will lose their money...

#cryptocurrency #badtime
7 years ago in #news by
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     7 years ago 

    Only use coinbase to buy and sell. Never keep your coins there!!

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     7 years ago 

    Please be more specific as to your fears especially as it relates to btc, eth, and litecoin. They are very well established and seems to me that coinbase is being proactive and open with the SEC. However, I am still a novice. So, please explain.

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       7 years ago (edited)

      I do not know how to explain this, this is the sentiment of the market. Fear came to the market.

      especially as it relates to btc, eth, and litecoin

      1. Bitcoin is definitely the most stable and reliable crypto currency.
      2. ETH in the main was used for ICO, which for the most part is simply collecting money from naive and greedy people. A very small number of tokens will satisfy the requirements of SEC to be securities.
      3. LTC is just a fork of bitcoin. To whom and why is it needed, when everything will be fine with bitcoin?
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