https://www.cnbc.com/2018/08/20/aft...ard-lessons-for-cryptocurrency-investors.html Have at it ET, lol.
Take a look at yourself before laughing at others. Are you here to improve as a trader, or to catch a quick laugh?
I had relatives who were into Bitcoin. I tried to warn them of the dangers but, the greed got to them more than anything! Like drugs being shot up their veins, all they can see is the millions they are going to make! At the time, the Federal government already arrested a broker handling bitcoin and dealing drugs. Told them that with criminals and terrorists having easy access, it won't be long before the Federal government comes down hard on it! Bitcoin is not regulated like the stockmarket when it started. Those running the stockmarket had the sense to see that it had to be regulated to make sure the stockmarket was fair to investors. If not, it would fail! Bitcoin has not learned that lesson yet! Anonymity cannot be tolerated because then, you have criminals and terrorists just flooding in and taking it over! You really think the Federal government will continue to allow that?
https://www.bloomberg.com/news/arti...o-issue-subpoenas-in-hunt-for-fraudulent-icos SAN FRANCISCO — The Securities and Exchange Commission has sent subpoenas to dozens of people and companies behind the rise of so-called initial coin offerings, about time ... Many companies are promoting what should be like an IPO /Security tokens disguised as utility tokens! meaning getting away with hardly any scrutiny .. and greedy people fall for it but I am not worried about greedy people they got what they deserve. what I am more worried about is less educated people who got swindled
Why not both? I do feel bad for the uneducated people who get suckered in by charlatans, at some level it's as simple as they don't understand it and someone presents themself as reputable or an expert with no intention other than to swindle them. But this is straight out of a facetious example from a book, let's be honest here.
I've been making a conscious effort to try and judge people less, I have a bad habit of that. You'll have to forgive my naivete
The question is simple, ICOs are touted as Utility tokens and thus evading the scrutiny a proper IPO goes through! and that is what SEC is trying to crack down on! what is wrong with that? 1:49 Technology incredible promise 2:41: "I give you my money and you make a venture of it " that is a security NO escaping