Hi goys tomorrow starts the g20 summit, in which all of the big countries decide how things will go for the next months (very healthy) but for us, it means we must act quick
Check pic related, its the staments jay clayton made a few days ago. He states that a bitcoin etf wont be approved until:
- Surveillance mechanics on exchanges that handles cryptocurrencies
- A guarantee that the funds are secured (more than a twitt from a chink, he explained)
So taking this 2 points, the first one it divides in 2 parts too:
1) Bakkt solves part of this as its fully compliant with laws, as its founded by one of (((them)))
2) But what happens with Binance, Bitffinex and more? they need to be shut dowm.
Tomorrow in the g20 they countries are going to coordinate a full crackdown on crypto exchange, so they go out of business if they dont implement the changes they will propose. As they are coordinated, this will be easy af
Also, the part of the manipulation is kinda solved, as 2 manipulation forces (calvin ayre lobby and bitmain lobby) have their own coins which nobody that isnt a fucking tard doesnt give a fuck.
So, with Ayre and ver, and binance and etc out of the game, the timeline goes as follows:
end of december: BTC etf delay as Bakk isnt launched end of january: Bakkt Launches Last revision of btc etf: As the markets are now suveilled, bad agents with less size of the cake, and funds are really safe (not safu you fucking cunts), the btc etf will be approved and most of us would have make it by summer
But in order to live the dream, there is a last task that all of you should do, which is TAKE CONTROL OF YOUR FUCKING COINS BY BEING THE SOLELY OWNER OF YOUR PRIVATE KEYS YOU FUCKING MOOOOONGS.
This is what separate a fucking boomer normie who "trusts" their "broker" or from a true cryptobro.
Be like the whales and before g20, store your coins on your priv wallet, or you wont make it
You aren't the only one coming to this conclusion. Excellent post. Thoughts on MKR & DAI? Will they have a place in the evolved market?
Samuel Butler
Why so I can watch the value ump into the abyss? Lmao
Anyways all they're doing tomorrow is presenting their proposals and then they're going to take another 4 months behind closed doors to figure out what they want to do so I really wouldn't worry about it until January February
Zachary Bennett
Quality post
James Watson
What does it matter if its on an exchange? Just because they make these changes, it doesn't mean we are going to lose our coins. People will have ample notice to move their shit to a paper wallet because there is no where binance could run with it.
Owen Nguyen
good post but i duuno which source of storage to trust like i think i'll fuck up the MEE transfer lol
Connor Allen
Great post OP what do effect do you think this will have on price?
Easton Moore
goys please, be safe, the shitstorm is coming
As more of the normies bought late (nov-march) they feel their money was (stolen) and this is a common feeling all aroudn the world. This will cause that when the tv news spread that a joint operation against "money laundering" and "market manipulation" closed a lot of "shady" exchanges, all the NPCs will agree, as they feel they got their money stolen by whales and market manipulation.
Imagine Mtgox, but x100, all the exchanges blocked and govs forces exchanges to return to people the amount of crypto they had but in fiat. (This happened (¿?) to some of the mtgox users at the start of the year)
So, the banks win again, if you dont hold your priv keys goys, its their final move. Imitate the whales and take care.
The coldest hour is the one that just comes before the dawn
Luke Butler
Bitmex and bitfinex need to be shut down but I don't think that's what they will do.
Joshua Evans
Some of them will survive and adapt the new policies which will be decided on g20, but the number of markets will go incredibly down on the next months.
This will cause that 100% of shitcoins that survive through wash trading, will die, making btc go again to 70 or 80% of total market cap.
Gemini will survive, bitgrail will die
Aiden Scott
buy Qash be Liquid next Binance after they closed this chink exchange
Noah Gonzalez
actions speak louder than words
moving to a private wallet is negligible in terms of cost, esp if you're on those exchanges
Brody Adams
Meant for
James Cook
i got to say the binance fud is pretty high quality today and i'm thinking of withdrawing but aren't withdrawals stopped by their "cold wallet maintenance" anyway? if the exitscam is under way, it's already over
Mason Nguyen
You have between 24h and monday to do it
Austin Parker
did you not read the other threads? binance is "moving funds" and withdrawals are currently "pending".
Levi Ross
Or just wait the shitstorm out in fiat then buy low...
Juan Campbell
I wasnt talking about binance, i was talking about my post. You dont have more than 100h to save your coins. I think binance will enable withdraws tomorrow as there is a lot of pressure on them rn, but forget about it soon
I cant believe the meme of 2k17 "You cant cash out is becoming a reality" but if you understand game theory, this was expected as our rivals arent retarded
Gavin Thompson
how do you buy with fiat if you cant access an exchange? If that happens OTC btc trading will have a HUGE premiun as BTC will be scarce af
What do you think about Poloniex? They already tried to be compliant with as many regulations as possible, don't think they'd be in too much trouble, right?
John Hill
Kraken should be safe?
Christian Smith
Funny how none of you see the potential of Haven Protocol. It's MONERO mixed with Stable coins for different currencies (eur, cad, usd, gold).
To survive it needs to be alive in the first instance.
Kevin Jenkins
Kraken is on roger ver team, they were the first ones to credit bch to their clients, and i guess that they did something illegal back there. I dont know, as Kraken price is used for the futures contracts by CME/CBOE ( i dont remember which of them used it) maybe now they are compliant, but ayre said he had proof of kraken market manipulation and that we gave it to the authorities
Lincoln Sanchez
Fuck off assblaster
Alexander Hernandez
Interesting. But do you really think this all takes place in next couple days? Even though they would decide something like this in G20, it would take months till we see any action?
Elijah Stewart
Huh? I've been trading on CM for weeks now, they even gave me complementary 10 BTC to start with.
Bentley Howard
For the politics to act in a sudden manner, they need to have the people behind them. As pic related explains, a huge% of crypto hodlers spreaded all around the world losed monay to crypto, and specially to crypto manipulation. (Long/Short hunting, listings without notice, BCH pumping to 0.5btc in bithumb, BTCs clones IOUs plummeting to zero, BCN on binance, STORM, ICX, and a lot more...)
Normies think they did a good strategy, but that because of manipulation they lose everything, so they will back their govs taking down the exchanges.
Dont think of this as a Mtgox thing, think it better as the same that happened when MegaUpload/Video were taken down by the FBI going full swat on kimdotcom house
Colton Anderson
Nice forehead, Kevin.
Michael Wilson
so sell everything into BTC and wait for this to be over?
do you honestly believe that national governments are competent (or concerned) enough to aggressively pursue any sort of coordinated crackdown on crypto?
kek. i award you no bitcoins, and may god have mercy on your soul.
Doesnt blockchain technology already prevent abuse of digital currencies that use them?
Henry Bell
He thinks they wont. If you think they're just paranoid then you are naive sir
Wyatt Adams
ty for the link, it fits on my proofless theory. They discussed it, monitore it the whole time, and now is the time for actions. Applying a game theory hipothesys, a crackdown on shady cryptoexchanges in favour of regularized institutions dependant of govements seems the best path to avoid shit.
This is just an scenario we are discussing about, i have no proofs of anything and this shouldnt be taken seriously, this is Jow Forums after all
Ok I get It but WTF I have to do unless buying a shit ton of BTC and ETH now and maybe in 20-30days to leverage dat bitch
Eli Perry
Hahahaha OK can we stop dreaming here? We lost enough money as it is. BTC mining is DEAD user! Mining companies will not exists in 2019!!!! Search the fucking google ETF bakkt Starbucks it's all bs to stalt your money one last time BTC is history user
Ryan Gray
Man i was trading with cryptos last year, now im on fiat and thankfully i was on it right before the crack. I have a question since i do think you're understanding a lot better than me, do you think it will be better to buy BTC now that is low and before the withdrawing shutdown or is better to wait all of the exhanges to crack and to buy it with a plusvalence from something like Coinbase when the storm will pass?
Elijah Hill
I dont know this isnt financial advice kek, but man, you always buy low and sell high. My plan is to keep my crypto out of exchanges and forget about it until etf is approved.
BTC has been running flawleslly (the network is always up despite the drama) for 10 years. If (((they))) didnt shut it down while they could, why would they do it now?
Also, the truth is that you don't own any crypto if you dont manage the private keys, so dont trust or eventually you will get burned.
Yeah i'm with you on the private keys, only a moron would let them in the hands of someone else. It's just that i don't see the point in the recent events, the most influential banks in the world have invest in btc in the last months, still the price is in a free fall, normies will not buy back cause they all think that this shit is a bubble now. How (((they))) will explain that all is safe as stock now? It would need an apocaliptyc media coverage to make them invest again, at least here in Italy i don't think anyone will trust Btc ever again. My plan is to buy something in March or a little before with the obvious added amount that Coinbase will ask me, then i will see if we will have another bull run or not. The point is, i will only invest 1k € this time, too much risk for me.
>How (((they))) will explain that all is safe as stock now?
Through chatbots when you login to your online bank account or offered by the sales people bank has. They will tell you that now that is regulated isnt manipulated anymore.
As easy as that, they have a huge sales force
Elijah Young
Maybe you're right, but I just can't think of a future where BTC is the only money in the world, it's just too decentralized for them, the only way to control it is to have at least 70% of all the BTC market and no other coins circulating. If it will not become the de facto coin of all, what will Bitcoin be? The coin used for all the digital transactions?
Lincoln Lee
dude, read me right. Im just saying that (((they))) will launch an operation to make impossible for faggots like jihan,ver,ayre and wright to dump on them. I just say that you control on your private keys what you cant afford to lose, the rest leave it on exchanges.
also the shitstorm of post as soon as i wrote this post is quite suspicious
Caleb Young
Understood, even though I don't have anything on exchange right now, so I'm not risking everything. I'll see how ((they)) will play this out in the future, maybe BTC has some potential left in it.
Alexander Lewis
Are you ultimately bullish on the price of BTC?
Samuel Russell
As long as it keeps working and allows you to be finantially independent, it still has potential
The ball is in the banks roof, they need blockchain to scale effeciently or they will fail. Blockchain can automate bank onboarding, and that makes me bullish.
William Anderson
>Are you ultimately bullish on the price of BTC? if you expect bank runs you should be
Caleb Martin
Are (((they))) going to rule the world forever?
Blake Wright
If you let them, yes ^^
Holding your private keys is being unbanneable from the global money stream
If this will even come close to be a realistical solution to the centralized bank system, they will destroy btc right away. It's not about us to decide who will rule, money it's the fundamental God to all of us right now, in one way or another. I think that they will use the chainlink system for a lot of project, but not btc or some other digital currencies, the number of rich people in the world is always decreasing, no one will gain a fortune out of this. The bull run of btc was just a mistake, they are powerful but still humans.
Angel Long
I'm more concerned with my country turning into a brown shithole than I am with crypto, desu.
Eli Sanders
>0IlnztUh
BTC is a global ledger accesible by anyone with a internet connection. By having some btc, you are able to write in that ledger. That right is fucking priceless. And you can only exercise your right if you hold your private keys
Why will it continua as long as the internet exists? Cause since it was born, it has been attacked everyday and no one has come even close to destroying it. Check this graph in another post of mine , 20k was reached with just having 1 week the same search queries as pornhub.
Xavier Powell
desu
Leo Kelly
"muh bank exit scamming" "(((them)))" "stop selling your Bitcoin"
Regulated markets are still subject to manipulation and insider trading. Yes once crypto is regulated a lot of people are going to jail, going to get extradited to the us and smashed with the hammer of justice. Especially Craig. Ver is going to get some huge ass fines and anyone that runs an exchange will face some fat ass fines. The fuck do you think gemeni has been doing? They are quite literally spearheading the whole crypto regulation. Lots of these big box stores and huge industries are those that make rules hat the government enforces and gemeni will be on top.
Juan Allen
Jay clayton, the one that has the green button on the ETF BTC matter
Jason Brooks
our country is turning brown because the money is fucked, its all related
Christopher Peterson
Don’t hold your breath an ETF coming anytime soon, Banks don’t want it, that’s why you won’t get an ETF, the SEC are there for the rich and banks, they are big hero’s crushing the little guys, but let bank fraud continue, people have to know the SEC has no rule over Bitcoin at all, they cannot stop manipulation, wake up, crypto is world wide not just in America and the SEC office.
Ayden Ramirez
how can i withdraw USDT to a windows wallet?
Mason Johnson
I don't even know why I come here anymore, it's just a bunch of retards and their fear mongering and/or depressing stories.
What even is the fucking point?
Christian King
>ayre said he had proof of kraken market manipulation and that we gave it to the authorities
snitches get stitches
Chase Thomas
True
John Edwards
While I think your predictions are possible, I don't think it will happen like that. However I agree with you about taking your bitcoin out of exchanges, play with like 10% only if you like. Not your keys, not your bitcoin. This is said ad nauseum because it happens again and again, that exchanges get hacked or "hacked" and people lose their bitcoin.
