Crypto-trading thread

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exp
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In reply to LMCane • 11:26a, 7/18/22
AG
lol. The last bit about BTC rising on USD rising is funny. I mean, if you do your accounting in a fiat other than USD sure. The Lira value of BTC may indeed have gone up.

Anyway - the Eth merge will be an interesting topic to follow. I still believe the overall market will stay depressed until QT ends. QT ending, which I expect in 2022 will raise all crypto and stock markets by a decent amount, but we won't see new ATH's in Bitcoin or Crypto until the next round of QE which may well be 5+ years out.

I take that back, we might see new ATHs in Bitcoin leading up to or around the next halvening because that's a pretty big milestone within Bitcoin regardless of macro environment. But if we're pricing in dollars we have to consider the source of dollars, which is the Fed.
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LMCane
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12:20p, 7/18/22
Democratic lawmakers want crypto mining companies to report more energy usage info
MON, JUL 18 202212:56 PM EDT


KEY POINTS

  • The government must intervene to limit the impact of cryptocurrency mining on climate change, Democratic lawmakers told the Biden administration in a letter on Friday.
  • The lawmakers want the Environmental Protection Agency and Department of Energy to require more energy use reporting by these companies.
  • They said information they collected about energy capacity by seven cryptomining companies was "disturbing."
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exp
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10:32p, 7/18/22
AG
The democratic ruling class doesn't have a grasp on what is and is not disturbing anymore.
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Slyfox07
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1:15p, 7/20/22
AG
Bet on ETH2

POS > POW when it comes to this climate agenda nonsense

Launches next month
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Adverse Event
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In reply to Slyfox07 • 9:58p, 7/20/22
Why would one want to be the best WEF/ESG coin?

Sounds stupid
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AggieMainland
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In reply to Adverse Event • 4:35a, 7/21/22
Adverse Event said:
Why would one want to be the best WEF/ESG coin?

Sounds stupid
It doesn't sound stupid. it is stupid. But its also whats popular right now. Musk pushing that garbage as well after the 75% BTC sell off
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12:38p, 7/21/22
https://www.citadel21.com/bitcoin-and-psychedelics

Dropping this here, cannot recommend the reading enough., especially for those falling for the bitcoin tourism affinity scams.
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1:39p, 7/21/22
tysker
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In reply to [removed post] • 3:12p, 7/21/22
AG
ac04 said:
SEC filed a complaint against a coinbase employee for insider trading of nine digital securities. i would recommend that anyone who is still messing with alts read pages 21-59 of this where the SEC gives their reasoning for declaring each is a security. gensler has openly stated he will be targeting unregistered securities in the crypto space (IE everything that isn't bitcoin)

https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf
SIMFA put out a nice article last week that is plain language but also just wonky enough: https://www.sifma.org/resources/news/when-is-a-digital-asset-a-security/

It seems pretty obvious that BTC and maybe ETH fall somewhere between a commodity and a currency, from a regulatory standpoint and that many NFTs, ICOs, and various other tokens would likely fall under securities laws. That's why investment in those products has dried up; people done want to go through the securitization process and deal with regulatory hurdles. Maybe there is a market to be made there?
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Deluxe
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In reply to tysker • 4:00p, 7/21/22
AG
tysker said:
ac04 said:
SEC filed a complaint against a coinbase employee for insider trading of nine digital securities. i would recommend that anyone who is still messing with alts read pages 21-59 of this where the SEC gives their reasoning for declaring each is a security. gensler has openly stated he will be targeting unregistered securities in the crypto space (IE everything that isn't bitcoin)

https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf
SIMFA put out a nice article last week that is plain language but also just wonky enough: https://www.sifma.org/resources/news/when-is-a-digital-asset-a-security/

It seems pretty obvious that BTC and maybe ETH fall somewhere between a commodity and a currency, from a regulatory standpoint and that many NFTs, ICOs, and various other tokens would likely fall under securities laws. That's why investment in those products has dried up; people done want to go through the securitization process and deal with regulatory hurdles. Maybe there is a market to be made there?
ETH's transition to POS effectively made it a security. Before that, I think it was up for debate.

I think most of the resistance to alt/NFT reclass as a security comes from the centralized management teams that back them, as they don't want to pony up $millions to generate the required disclosures.

Most investors in alts/NFTs are pretty unsophisticated and don't really understand the implications of their alt/NFT of choice being regulated as a security. So IMO, that's not much of a factor in the recent price decline. Perhaps it's a small factor, but I think declines have more to do with the broader selloff, deleveraging, contagion from insolvencies, bearish macro backdrop, etc.

It's also possible that alt/NFTs could still be successful as securities, they'd just have to carry more overhead. If I was the centralized commander of an alt/NFT project, I might consider trying to be first to market as a security. Could be a first mover advantage of sorts.
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tysker
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In reply to Deluxe • 4:14p, 7/21/22
AG
Deluxe said:
tysker said:
ac04 said:
SEC filed a complaint against a coinbase employee for insider trading of nine digital securities. i would recommend that anyone who is still messing with alts read pages 21-59 of this where the SEC gives their reasoning for declaring each is a security. gensler has openly stated he will be targeting unregistered securities in the crypto space (IE everything that isn't bitcoin)

https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf
SIMFA put out a nice article last week that is plain language but also just wonky enough: https://www.sifma.org/resources/news/when-is-a-digital-asset-a-security/

It seems pretty obvious that BTC and maybe ETH fall somewhere between a commodity and a currency, from a regulatory standpoint and that many NFTs, ICOs, and various other tokens would likely fall under securities laws. That's why investment in those products has dried up; people done want to go through the securitization process and deal with regulatory hurdles. Maybe there is a market to be made there?
ETH's transition to POS effectively made it a security. Before that, I think it was up for debate.

I think most of the resistance to alt/NFT reclass as a security comes from the centralized management teams that back them, as they don't want to pony up $millions to generate the required disclosures.

Most investors in alts/NFTs are pretty unsophisticated and don't really understand the implications of their alt/NFT of choice being regulated as a security. So IMO, that's not much of a factor in the recent price decline. Perhaps it's a small factor, but I think declines have more to do with the broader selloff, deleveraging, contagion from insolvencies, bearish macro backdrop, etc.

It's also possible that alt/NFTs could still be successful as securities, they'd just have to carry more overhead. If I was the centralized commander of an alt/NFT project, I might consider trying to be first to market as a security. Could be a first mover advantage of sorts.
By investment I meant from the capital markets side, not retail investment side. But I agree with the last part; the firms that bridge the securitization process with the coins/tokens that are willing to accept some regulatory scrutiny may find themselves much further ahead in usage and scope over the next 5-10 years.
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tysker
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In reply to Deluxe • 4:19p, 7/21/22
AG
Quote:
ETH's transition to POS effectively made it a security. Before that, I think it was up for debate.

This is may be true as well. I'm just not as well versed in the new PoS structure of ETH 2.0.

That being said, ETH is the chain on which the securities market (DTCC) is locking its reconciliation process onto, so there's plenty of institutional knowledge and market structure knowledge that the chain can extract during the process.
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Adverse Event
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12:51p, 7/22/22
Yield-bois: page 2&3
https://www.uncerto.com/only-the-strong-survive-1-point-5
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LatinAggie1997
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In reply to [removed post] • 7:55a, 7/23/22
AG
ac04 said:
SEC filed a complaint against a coinbase employee for insider trading of nine digital securities. i would recommend that anyone who is still messing with alts read pages 21-59 of this where the SEC gives their reasoning for declaring each is a security. gensler has openly stated he will be targeting unregistered securities in the crypto space (IE everything that isn't bitcoin)

https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf



The SEC will be forced sooner or later to adjust how it attempts to regulate crypto. As members of Congress have stated the SEC is trying to expand it's jurisdiction into digital assets without truly understanding the space. My guess is that digital assets will be regulated by multiple watchdogs each with specific categories. The current system is too slow for digital assets, especially with: trading 24 hrs, continuously evolving ecosystems, protocols with different functionality, structure, and purpose,


On another topic.

https://u.today/cardanos-djed-stablecoin-sees-35-new-partnerships-as-mainnet-launch-nears
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Adverse Event
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In reply to LatinAggie1997 • 9:52a, 7/23/22
LatinAggie1997 said:
ac04 said:
SEC filed a complaint against a coinbase employee for insider trading of nine digital securities. i would recommend that anyone who is still messing with alts read pages 21-59 of this where the SEC gives their reasoning for declaring each is a security. gensler has openly stated he will be targeting unregistered securities in the crypto space (IE everything that isn't bitcoin)

https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf



The SEC will be forced sooner or later to adjust how it attempts to regulate crypto. As members of Congress have stated the SEC is trying to expand it's jurisdiction into digital assets without truly understanding the space. My guess is that digital assets will be regulated by multiple watchdogs each with specific categories. The current system is too slow for digital assets, especially with: trading 24 hrs, continuously evolving ecosystems, protocols with different functionality, structure, and purpose,


[S-coinery removed from quote ]


On another topic.


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tysker
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In reply to LatinAggie1997 • 10:23a, 7/23/22
AG
LatinAggie1997 said:
ac04 said:
SEC filed a complaint against a coinbase employee for insider trading of nine digital securities. i would recommend that anyone who is still messing with alts read pages 21-59 of this where the SEC gives their reasoning for declaring each is a security. gensler has openly stated he will be targeting unregistered securities in the crypto space (IE everything that isn't bitcoin)

https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf



The SEC will be forced sooner or later to adjust how it attempts to regulate crypto. As members of Congress have stated the SEC is trying to expand it's jurisdiction into digital assets without truly understanding the space. My guess is that digital assets will be regulated by multiple watchdogs each with specific categories. The current system is too slow for digital assets, especially with: trading 24 hrs, continuously evolving ecosystems, protocols with different functionality, structure, and purpose,


On another topic.

https://u.today/cardanos-djed-stablecoin-sees-35-new-partnerships-as-mainnet-launch-nears

Its the SEC jurisdiction to regulate securities and some cryptos clearly fall into that category. Others look like a commodity regulated by the CFTC and others maybe a currency regulated by the US Treasury.

Your comment also suggests there is no legal frameworks, not just regulatory underpinnings, to explain these products. And that may explain why many vehicles appear like zero sum games and zero sum games aren't really investments, they're gambles. Its all about contract law and ownership- what do you really own, when and how can you use it and transfer it.
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Tabasco
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In reply to exp • 4:42p, 7/23/22
AG
exp said:
The democratic ruling class doesn't have a grasp on what is and is not disturbing anymore.
I got my Trezor One. I have a significant amount in Bitcoin on coinbase. I can probably figure it out, but any chance you can post a step-by-step tutorial on transfering bitcoin to trezor?
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MR Gadsden
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In reply to Tabasco • 5:18p, 7/23/22
Tabasco said:
exp said:
The democratic ruling class doesn't have a grasp on what is and is not disturbing anymore.
I got my Trezor One. I have a significant amount in Bitcoin on coinbase. I can probably figure it out, but any chance you can post a step-by-step tutorial on transfering bitcoin to trezor?
You can send it all to my BTC address and then I'll gladly move it to your Trezor for you
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Tabasco
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In reply to MR Gadsden • 9:05p, 7/23/22
AG
MR Gadsden said:
Tabasco said:
exp said:
The democratic ruling class doesn't have a grasp on what is and is not disturbing anymore.
I got my Trezor One. I have a significant amount in Bitcoin on coinbase. I can probably figure it out, but any chance you can post a step-by-step tutorial on transfering bitcoin to trezor?
You can send it all to my BTC address and then I'll gladly move it to your Trezor for you


Sounds good post ur account info and I will send it ur way.
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MR Gadsden
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In reply to Tabasco • 10:59p, 7/23/22
That's the great thing about self custody, I have no issue posting my BTC account here, you can send to it all day but you can't withdrawal from it without the private key.

Really it should be pretty straightforward. You'll get a public address associated with your trezor and you with withdrawal your funds from coinbase to that address. Just do a small amount to test it at first and when you get comfortable you can move larger amounts.

And in case you want to send me some:

Here's my BTC address - 337SnTHoaqa7QRGoM892rLyt5yc57ceKif

You shouldn't worry about sharing your public address. Never ever ever provide your pneumonic seed phrase.
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exp
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In reply to Tabasco • 9:52a, 7/25/22
AG
Tabasco said:
exp said:
The democratic ruling class doesn't have a grasp on what is and is not disturbing anymore.
I got my Trezor One. I have a significant amount in Bitcoin on coinbase. I can probably figure it out, but any chance you can post a step-by-step tutorial on transfering bitcoin to trezor?
Hey dude - PM me if you want to setup a call where I can personally walk you through it. But basically just do this:

Visit https://trezor.io/ (the official website of Trezor) and click "I already own a Trezor"

Now you have the option of download their Trezor Suite software (I use that) or you can click in the top right "Trezor Suite for Web". Both are fine.

Then it'll walk you through how to plug in and setup your Trezor. Part of that process will be updating to the latest firmware. Just follow their instructions.

IMPORTANT - When you start the process of creating your 24 word seed phrase, PUT YOUR PHONE AWAY AND COVER YOUR WEB CAM. This is super cynical on my part but if anyone (NSA or Hacker) is able to spy on you through your camera, you don't want them to see your seed phrase as you write it down. Once you are sure you cannot be spied on, go through the process to create a new seed phrase, write it safely down in a notebook or somewhere, and then put it away when you're done.

Once your Trezor is setup, the UI should be pretty intuitive. Go click on Bitcoin in your Dashboard and find the button that says "Generate New Receive Address". (EDIT - I forgot to mention, don't worry about Passphrase for now. When or if it asks you if you want to use a Passphrase, just use a blank passphrase for now). This address is not sensitive to your security, it's designed to be shared with people sending you Bitcoin. So copy this address and then go into your Coinbase account and find the Withdraw or Send button. I believe Coinbase uses an email looking arrow or something to send coins. So click on Send your Bitcoin and paste in the receive address you generated within Trezor Suite. Send a very small test amount of Bitcoin, like .001 BTC, and make sure you receive it and can see it within your Trezor Suite. It should show up fairly quickly (Coinbase will broadcast the transaction to the Mempool almost instantly) but it will take 5-6 blocks being mined before your transaction is considered 100% final. You can track block mining progress at mempool.space. As blocks are mined you'll see that update on the 1/6, 2/6, 3/6 indicator in Trezor Suite.

Anyway, once you've seen Coinbase broadcast the transaction to Mempool you're probably safe to go ahead and withdraw the rest of your Bitcoin to the same address immediately thereafter.

Setup time with me to talk in general if you'd like because there's a lot of next steps to think about to really up your self-custody game (like how to safely store that seedphrase etc). But by doing the steps above you will take a HUGE leap forward in protecting your assets, storing them outside the legacy financial system, and beginning your self-sovereign journey.

PS - on that precious seedphrase...don't ever ever ever type it on a computer keyboard or take a picture of it. If you do either of these things, you open yourself up to a hacker being able to steal your bitcoin.
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Brian Earl Spilner
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9:11a, 7/30/22
AG
Schwab launching a crypto ETF.

https://www.theblock.co/post/160262/schwab-set-to-launch-its-first-crypto-linked-etf
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tysker
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In reply to Brian Earl Spilner • 11:31a, 7/30/22
AG
An ETF tracking a thematic motif of an index they made up. If you want exposure why not just go buy the assets directly?
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Brian Earl Spilner
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In reply to tysker • 12:33p, 7/30/22
AG
Risk.
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Adverse Event
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10:21p, 8/2/22
Anyone check their Solana stacks?

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hutch012
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11:01a, 8/3/22
will25u
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In reply to Adverse Event • 11:23a, 8/3/22
Adverse Event said:
Anyone check their Solana stacks?



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Adverse Event
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In reply to will25u • 5:47p, 8/3/22


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will25u
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6:30p, 8/3/22
My bot hasn't done good the last few days.

These are my worst performing ones.


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Adverse Event
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9:17p, 8/3/22
Beware false prophets worshipping golden calfs....errr... bored apes and punks.



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XpressAg09
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6:42p, 8/6/22
AG
Found a wild hype beast
https://www.instagram.com/reel/Cg7aSOmp-cM/?igshid=YmMyMTA2M2Y=
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JamesBREI06
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8:36p, 8/10/22
AG
Man… ban-hammering AE, really killed this thread.

BTC running wild today and it's a ghost town.
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RED AG 98
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11:35p, 8/10/22
AG
Anyone know if AE is active anywhere else (discord, twitter, etc)?
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will25u
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7:18a, 8/11/22
ETC on a run this morning thus far.
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TxAG#2011
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In reply to JamesBREI06 • 8:14a, 8/11/22
That's because BTC relevance is waning. You can really start to see it these days.
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