Yeah this story doesn't mean what you think/hope it means.

http://forumserver.twoplustwo.com/sh...postcount=1567

#knew

actually part of what i wrote was not entirely correct;

the ico launchers, even if not american, will be charged with selling unlicensed securities to americans

0 product
0 business plan
0 corporate structure
0 software
0 function
= fraud

the people who allow trading of unlicensed securities (bittrex probably #1 target rn,) will be accused of not possessing proper licensing to sell such securities.

if during discovery it is found that the actual sites themselves bought ICOs and were market makers themselves, god help them because they are ****ed on top of ****ed.

there's a reason why polo hasnt listed an ico for trading in months.

they know whats coming.


sec just went fishing for a small fry, and he's going to be rekt because this is just a case where they are sharpening their tools for the bigtime showdown vs iconomi or bcap imo. the fact that this guy was dealing bitcoin and not eth is even worse. they will use whatever knowledge they gain from this case and try to apply it to the big fish, god help these ico launchers that the SEC walks away thinking/believing that they cant build a strong enough case against some of these 30m+ raises.

What did bcap do wrong?

The guy stole $250k through his fraudulent bitcoin business.

He stole $37 million through his fraudulent real estate business.

And you conclude that this is the SEC cracking down on crypto?

i remember the SEC trying to get info from MPEx a while back. that was pretty funny...

http://trilema.com/2014/interacting-...tions-a-guide/

edit: btw, the resolution was voorhees sold satoshidice for 11 mill (~125k btc) and paid 50k usd fine.

I bought into ETH when it dipped to $294 on 6/30 (I'm an idiot, thought it would correct to 320ish quickly) mostly just looking to make a quick profit. It quickly dropped as low as 255ish, but I held onto the investment and ETH is now recovering somewhat.

My question is, did I buy in at a good enough price to warrant long term investment? I don't know much about ETH besides what I've picked up on reading this thread, but apparently something big is coming soon. I'm thinking I should wait and see how things play out, but I'm also tempted to make a quick profit by selling if the price hits 320 again.

Does not compute.

Idk man, I was looking at the graph and took a gamble lol. It had been hovering in the low 300's for a few days so I thought it was a quick dip, people would buy and it would go back to low 300s. Obviously I was wrong, but I didn't put my life savings in

Nobody knows

That MPex email exchange is brilliant

The price u bought at doesnt matter.

How do you mean? Buying when it hit $255 would have been better short term, so it does seem to matter.

Unless you think: A. ETH is going up long term so getting in now is good, even if it's at a slightly higher price. or B. It's a bubble, so buying at 300 or 250 makes no difference, you're losing anyway.

You should sell whenever your expectation of Ethereums price at any point in the future is no longer higher then the current price.

Thats all that matters, what the price is you bought at or how much profit u made is not relevant for the decision.

Thanks, makes sense. I misinterpreted what you said as the price you buy at doesn't matter in general.

Amateur hour

anyone else buying up more eth now price has dropped significantly?

isn't this similar to what bitcoin did? which eventually took 1-2 years to recover which eventually lead to the recent rush?

anyone have any thoughts on why eth has dropped so much in the last week or so

I'm a complete novice who bought into a lot of the hype. I saw it as flopping an open ended straight kinda gamble.

There seems to be credible arguments for growth and for a 'pop' . Perhaps the pop has popped.

Part of me wants to buy in a bit more, part of me wants to quit the swings.. I don't have life changing money in either way, but would be pissed to lose the lot

IDK. Not much use I know, thinking out loud as much as anything

If it was similar to what bitcoin did it would drop 75% of its value in a month and then continue to decline for another year or 2. Eth is down about 40-50% off its highs in a month, so if you think it follows bitcoins path, its going to keep slowly declining for a while.

Also, TA is lol, but it has been bouncing off 250 "resistance level" the last week or so, but just smashed through that. Seems a bit risky buying more here.

Tezos hasn't even sold a single ETH they've raised. WTF happens when they start selling??? Here is the Tezos wallet.

https://etherscan.io/address/0xb56d6...9B0e7b1FF92dB3

There is a bunch of talk about them raising X amount of hundreds of millions. In reality it is really a lot less because that isn't liquid. If you actually try and sell the ETH instead of it being worth $75 mil, it's actually worth maybe $30 mil.

They have about .3% of all ether. Let's assume it gets up to .5%

If they try to sell it all on exchange, they are stupid as price will drop and they will get way less than they could have OTC.

If their goal is to sell it all to 'crash' the price of eth, they will be temporarily successful but it should rebound. Look at what happened on Coinbase the other week after a large sell order followed by margin calls further dropping the price to 10 cents. It rebounded shortly thereafter.

I'm not too worried of a quick dump by Tezos. If you think it's going to happen and you play it right, obviously you could profit, but long term it shouldn't matter at all.

Their goal is to sell it so they don't subject themselves to the price of ETH. It's in their best interest to get as much money as possible for it. The pace at which they should sell is a tricky combination. Hell, these guys will probably go massive short with their own personal funds before they start selling.

That sell order on GDAX I believe was super super small compared to how many ETH Tezos has now. When Gdax sell order was done, they were out of ETH. When Tezos sells are "done", they will still have hundreds of thousands more ETH to sell!

What makes anyone think tezso's will sell? Sorry if it's a really dumb question I'm a somewhat of a newb at the crypto

How long did it take to recover once it hit the all time low of 10c? I read some guy bought up a lot at 10c (that must've been insider knowledge/training surely?) making a few mill.

"The Foundation will manage the proceeds
of the fundraiser and sell contributions
progressively throughout the fundraising
period in order to reduce the risk inherent
in holding cryptographic tokens."

It's just a very weird concept. Everyone trades their ETH for Tezos, then what? That ETH goes straight into the DEVs pocket, and then they had out Tezzies XTZ or whatever the **** they are AND they keep 8.5% of those for themselves too! Tezos isn't backed by anything but XTZ. So the devs essentially get to double dip. They get every single penny raised, and then they also take a cut of the new currency they hand out. I can't quite wrap my head around it.

progressively....it's been a week and they haven't sold any.