CryptoNerd19

@itzjoshuajake @CryptoWithLeo @cryptosityclub Why no longer with discover crypto?

JUST IN:🇺🇸 Trump Sends MORE TROOPS as Powell Issues ECONOMIC WARNING In this video @CryptoWithLeo and I cover: - Jerome Powell Harvard Talks - Clarity Act and Altcoins $XRP $ADA $HYPE - US and Iran War Escalations more on @cryptosityclub youtu.be/59-AIc7jL-I?si…

@MasonVersluis The probability that Bitcoin will be around in 10 years is much higher than most altcoins-most altcoins go to zero

2 reasons to NOT buy Bitcoin

@RobinhoodApp Doge!!!

Someone said merch? We’re giving some away. Comment one of your favorite things about the platform and we may send you some 👇

@finallyx Which is?

@CryptoWendyO I don’t get it

@CryptoWendyO Did Ben delete his x account what is going on

I have been advised that Ben Armstrong has made false and defamatory statements about me on social media. I am in process of retaining counsel to send a cease and desist letter. I can not and will not allow him to make false statements that involve me and my family. I will not comment or engage him further.

@slashfilm Yes

Did you spot the Devil lurking in the background of the Nicolas Cage horror hit Longlegs? slashfilm.com/1629793/nicola…

@BSCNheadlines @BSCNews Collapses in all caps is a bit aggressive it’s barely down

JUST IN: #BITCOIN PRICE COLLAPSES ON HIGHER THAN EXPECTED US NONFARM PAYROLLS DATA

@JoeNakamoto @BitcoinMagazine @metaplanet Keep stacking it adds up!!!

@BitcoinMagazine @metaplanet Meh, buying 1.5 million USD of btc is not significant

JUST IN: 🇯🇵 Japanese public company Metaplanet to buy another ¥250 million worth of #Bitcoin

@AltcoinDailyio I buy both 🤷‍♂️

I don't understand why some people will buy a $5 coffee MULTIPLE TIMES per week but refuse to even learn about $ETH, $SOL, $ICP, $LINK, or $ADA.

@finallyx Who is this

@rovercrc Fucking buy

Tomorrow you wake up, and #Bitcoin is trading below $10k. What would you do next?

@mediaking Time to make new friends

Out of all the wealthy people I’ve met, none of them have said “I bought Bitcoin in 2014 and just held on to it.”

@slashfilm Make a movie!!! Not books

Quentin Tarantino is working on a sequel to his book Cinema Speculation. slashfilm.com/1506163/quenti…

@Cryptom12870676 @CryptosR_Us We’re all George

@CryptosR_Us Sorry George! I lost respect to u when u started shill memes. Remember u from 2021/2022 . Now 600k followers and shill memes … 🙈

ETF outflows slow, bitcoin price recovery ‘just a matter of time,’ analyst says thestreet.com/crypto/markets…

@JohnReedStark @ben_mckenzie What is this, a novel? my god lol

A Bitcoin Spot ETF: Say it Ain’t So Gary . . . For crypto: There's no inherent value. There's no cash flow. There's no yield. There’s no employees. There’s no management. There’s no balance sheet. There’s no product. There’s no service. There’s no history of operations. There’s no analytical valuations. There’s no earnings reports. There’s no proven track record of adoption or reliance. There’s no data of any kind except for analytics relating to crypto speculation, which are inherently suspect. Crypto prices go up for two reasons: First, because there is no regulatory oversight to prevent market manipulation and Second, because people are able to sell hyped, FOMO’d and overpriced crypto to a "greater fool," whether or not the crypto is overvalued. That is, of course, until there are no greater fools left, and then it all comes crashing down. There is only one actual proven utility for crypto: crime, such as terrorism, money laundering, sanctions evasion, ransomware attacks, drug dealing, child pornography peddling, human sex trafficking and espionage. Along the same lines, crypto has two primary beneficiaries: Grifters, who shill crypto to lure in investors, especially if those investors are the downtrodden and Criminals, who exploit the pseudonymity of crypto to orchestrate globally a vast array of devastating crimes and terrorism. Yet this coming week, amid a horrifically corrupt and criminal global crypto-marketplace and a crypto-ecosystem formulated into a toxic speculative cocktail of mathematical computational blather, affinity fraud and the “Greater Fool Theory,” the SEC will reportedly approve the offering and inception of a Bitcoin Spot-ETF. What a crock. The Cataclysm of a Bitcoin Spot ETF To me, the stark reality is that the approval of a Bitcoin Spot ETF is sadly, tragically and catastrophically: Yet Another Fee-Suck. Bitcoin Spot ETF applicants are nothing more than an opportunistic cartel of fee-sucking billionaire financial behemoths who have the audacity to design and manufacture a product to allow more investors to experience financial ruin and incalculable risk – just so they can once again line their pockets with fiat (and more fiat). Yet Another Ponzi Scheme. While Bitcoin Spot ETF promoters preach that crypto bolsters financial inclusion of the unbanked, the truth is the converse. Whether their edict stems from noble cause corruption or the same shameless exploit of payday loans, check-cashing bodegas and subprime lending, either way, it’s all a big lie. Crypto is not only more expensive, more complex and more risky than mainstream finance – it’s also one mammoth Ponzi scheme. youtube.com/watch?v=m7_8-a… Yet Another Manifest of Predatory Inclusion. Crypto fails as a “financial panacea for the unbanked” because it’s just another exemplar of “Predatory Inclusion” and affinity fraud, sadly peddled to dupe the disadvantaged and disaffected. In fact, crypto fails miserably as a “revolutionary equalizer for the unbanked” because, as the legendary Michelle Singletary recently explained in her award-winning Washington Post financial column, crypto does not cure historical issues of financial inclusion. washingtonpost.com/business/2023/…) In fact, when examined closely, as was done by Tonantzin Carmona for the Brookings Institution, Crypto has also evolved into a dire affinity fraud. Because “crypto’s current capabilities do not match the needs of the groups it purports to serve, it carries a host of risks and drawbacks that undermine its benefits. More alarming, we can observe parallels between crypto and other predatory products, which highlights crypto’s potential to exacerbate unequal financial services to historically excluded groups.” In other words, disadvantaged and disaffected communities get access under the auspices of inclusion, but that access only makes their situations worse. brookings.edu/articles/debun… Yet Another Transparent Big Crypto Masquerade. Bitcoin Spot ETF promoters shill their empty-headed financial product as a means to usher in a new era of technological innovation. What a farce. Shilling crypto as “technologically transformative innovation” is like shilling heroin as a “therapeutic futuristic wonder-drug” or shilling blood diamond mining as “virtuoso engineering genius.” All these predatory, financial behemoths care about is exploiting crypto so they can shamelessly extract as much fee income from their customers as possible. x.com/JohnReedStark/… Yet Another Lexicon of Brazen Hypocrisy. The very idea of a Bitcoin Spot ETF remains a laughable concept, not only because it will create yet another Wall Street investor scam and fee-suck of epic proportions, but also because a Bitcoin Spot ETF is perhaps the most “centralized” crypto contraption conceivable. Wasn’t bitcoin created to disintermediate and liberate people from controlling third parties? Am I the only one who sees the extraordinary irony in that axiom? Yet Another Anticlimax. I just can’t seem to get over the notion that the approval of a Bitcoin Spot ETF may actually become a primary talking point of SEC Chair Gary Gensler legacy. It reminds me of when Nixon went from the 1969 bombing of Cambodia and “Operation Menu” to shaking hands with Chinese Premier Zhou Enlai at Beijing Capital International Airport in 1972. It reminds me of when The Grateful Dead went from recording “Shakedown Street” at Club Le Front in 1978 to promoting “Touch of Grey” (the Dead’s first music video) on MTV in 1987. It reminds me of when Robert DeNiro went from playing “Travis Bickle” in “Taxi Driver” in 1976 to playing “Fearless Leader” in “The Adventures of Rocky and Bullwinkle” in 2000. The Current (and Bogus) Bitcoin Rally Promoters of the SEC approval of a Bitcoin Spot ETF cite the current bitcoin rally as evidence that bitcoin is a critical investment and everyday investors should be given easy access to it. But this is all a calculated and orchestrated ruse to dissemble. So, what is causing the current bitcoin rally? (Hint: It is not merely the absurdist marketing theater of the imminent possibility of the US SEC approval of a Bitcoin Spot ETF.) Consider the following 4 crypto-axioms -- bitcoin bankruptcies, tether minting, whale grift and the Walking Dead-Like post-apocalyptic anarchy of the crypto ecosystem -- which have banded together to create the perfect bitcoin-storm of hype, flex and FOMO: Bitcoin Bankruptcies. The myriad of major crypto bankruptcies of the past several years, including FTX and Three Arrow Capital, have tied up the supply of bitcoin and caused a significant decrease in bitcoin supply. “This has created a demand-supply imbalance leading to the rise in the value of bitcoin . . . At some point all these bitcoins will be dumped on to the market by the bankruptcy liquidators and it will depress the value of bitcoin. The bankruptcies seem to be a more likely reason for the recent increase in the price of bitcoin and can also explain the volatility, since nobody knows when the liquidators will dump the bitcoin." …heglobeandmail-com.cdn.ampproject.org/c/s/www.theglo… Tether Minting. Tether has printed five billion USDT stablecoins in the past month out of thin air as “loans” — backed in the Tether reserve only by the “loans” themselves. “This is Tether issuing loans to some of its biggest customers — printing pseudo-dollars out of thin air, with the only “backing” being the loan itself, counted as an asset. The loans are secured by cryptos held as collateral — not as reserves. No actual dollars flow into the system this way" (davidgerard.co.uk/blockchain/202…). It's a simple method of lather, rinse, repeat. Crypto institutions — exchanges, hedge funds — can use the tethers to increase leverage and pump the price of crypto. They then post their inflated crypto as collateral to borrow more USDT and keep pumping. dirtybubblemedia.com/p/examining-te… To me, the tether machinations defy common sense, and the tether backing cannot possibly be supported with real fiat of any kind. As legendary technologist David Gerard and ace journalist Amy Castor thoughtfully explain: “If Tether had billions of real dollars backing its tethers — as it claims — then the folks running Tether could also make a ton of money simply by putting the reserve into Treasury bills. They do not need to be making loans.” davidgerard.co.uk/blockchain/202… Whale Grift and Criminal Chicanery. In the cryptoverse, market manipulation is not only rampant and tolerated, but also encouraged. Fraud is not only rewarded, but also taught. For example, about 10,000 people own approximately 30 per cent of bitcoin. Around 100,000 people own about 50 per cent of the bitcoin. It is a highly illiquid market where insiders do not disclose their trades, where trading transparency does not exist and where no regulatory exams, audits or examinations ever take place. It is not surprising that market manipulation flourishes. “In the crypto market, whales can manipulate prices through large buy or sell orders. Such actions trigger a domino effect across the market, influencing sentiments and reactions of traders and investors. Hence, crypto whales mold market sentiments, creating the responses they seek by driving the price and supply of coins. In addition, the whales significantly impact liquidity and price stability within the cryptocurrency realm. Their substantial holdings give them power over the amount of liquidity available. Through their strategic trading tactics, crypto whales influence price stability, fostering an environment conducive to trading and investment.” economictimes.indiatimes.com/markets/crypto… Modus operandi for controlling the bitcoin marketplace are countless and include wash trading, matched trades, spoofing and other manipulative trading schemes on unregulated crypto exchanges, which could fraudulently inflate or deflate the price and volume of bitcoin. fortune.com/2023/02/02/bit… Meanwhile, other malevolent actors, who, given the lack of enforced or mandated cybersecurity standards for crypto-trading platforms, could hack into customer accounts or gain malicious control of bitcoin-related networks. Along the same lines, crypto platform insiders, can trade based on material, nonpublic information and can disseminate false and misleading information to orchestrate schemes to create bogus new sources of demand for bitcoin. Similarly, bitcoin-based investment vehicles, which, when responding to a “fork” in the bitcoin blockchain, can wreak havoc by creating two different, non-interchangeable types of bitcoin. The Walking Dead-Like Post-Apocalyptic Anarchy of the Crypto-Ecosystem. With traditional SEC-registered financial firms, the SEC has absolute and instantaneous visibility into every aspect of operations. But in the Bitcoin marketplace, the SEC lacks that sort of oversight and access -- and has scant ability to detect, investigate and deter fraudulent conduct. As a result, the bitcoin marketplace (like all Web3 marketplaces) operates in a regulatory vacuum amid a den of thieves, without adult supervision. For instance, the bitcoin marketplace lacks: -- The hallmarks of a traditional transparent surveillance program, so the SEC can't analyze or verify market trading and clearing activity, customer identities and other critical data for risk and fraud; -- The licensure of individuals involved in bitcoin's trading, operation, promotion, etc., so the SEC can't detect individual misconduct and enforce violations; -- "Routine" or "for cause" SEC or FINRA examinations, inspections and audits, so the SEC and FINRA cannot patrol, supervise or verify critical customer protections and compliance mechanisms; -- Traditional accountability structures and fiduciaries, so the SEC can't ensure that every customer’s interest is protected and held sacrosanct; and -- Compliance systems, personnel and infrastructure, so the SEC can't know where bitcoin came from or who holds most of it. johnreedstark.com/wp-content/upl…) Looking Ahead A January 5, 2024, letter written from the independent, nonpartisan, nonprofit and highly respected Think-Tank @BetterMarkets, summarizes the dangers of a Bitcoin Spot ETF perfectly: “The approval of spot bitcoin ETPs would be a historic mistake almost certainly leading to massive investor harm. The immense and unrelenting fraud and manipulation in the bitcoin market means that approving these products would expose millions of American investors and retirees to the very harms that the SEC exists to prevent. It would also undoubtedly lead the crypto industry to claim or imply that their products are now approved by the United States government. The crypto industry will almost certainly flood Americans with marketing propaganda suggesting that the SEC’s action legitimized crypto, giving false comfort to retail investors. The SEC must not facilitate the financial carnage that will follow if the crypto industry is allowed to repackage, add a veneer of legitimacy to, and widely disseminate a financial product that is little more than a socially worthless gambling chip." “Denying the proposed rule changes is required under the law.  The statute clearly provides that the rules of an exchange must be designed to prevent fraudulent and manipulative acts and practices and protect investors and the public interest. The potential for fraud and manipulation in the spot bitcoin market is so great that an exchange cannot permit the listing and trading of a spot bitcoin ETP and still comply with those requirements.  Moreover, the surveillance-sharing agreements proposed by the exchanges amount to window-dressing that cannot adequately detect or address the rampant fraud and manipulation in the bitcoin market." “As a result, it would be a profound legal error and a policy travesty for the SEC to approve the proposed rule changes. It would expose countless hardworking Americans to the risks inherent in investing in bitcoin.  Those risks have not only been obvious over the last three years but have materialized repeatedly, resulting in billions of dollars of losses.  The fact that the investment vehicle will be an ETP will not protect investors; if anything, the supposed protections related to the ETP will also provide false comfort to unsuspecting investors who fall for marketers’ claims that the SEC has approved if not endorsed the product.  The value of their investment will be subject to the same risks of fraud and manipulation in the bitcoin market as investors who hold bitcoin directly.  The SEC must not subject investors to these risks.” bettermarkets.org/wp-content/upl… Chair Gensler kicked off his SEC reign with a fierce commitment to protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. But now, suddenly, the former Wall Street banker seems to have re-discovered his roots and may end his reign with a dramatic and ill-fated U-turn. Say it ain’t so Gary . . .

@jmow56 @ben_mckenzie 1. What?

@ben_mckenzie As a certified financial planner, and speaking for many of my peers, we have dreaded this day. it’s hard enough to help guide clients away from bad investment decisions. Giving them easy access to certified crap is a whole different ballgame.

What could possibly go wrong

@ben_mckenzie They did

They should definitely approve them now

@ramit This is why #Bitcoin

POV: You're a college professor teaching political science. One of your students turns in an assignment (see below). Please give it a letter grade and a short comment based on the coherence of the argument.

@TradeFly8 @cryptomanran Another reason to stay off exchanges

@cryptomanran Gotta be careful with recommending a VPN. It’s a violation of the terms of service which could lead to individuals having their funds frozen.

I love how the SEC protects US investors by not allowing them to buy $BONK until the Coinbase listing that marks the absolute top and then they get dumped on by all the other countries that don’t have an SEC to protect investors. If I were American I would be livid. (And I would probably use a VPN)