So, if Eth is actually classified as a security tomorrow, shorting that shit with 100x leverage is the best thing to do?
Shorting eth
Carson Lewis
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Oliver Rivera
no, in case of something that catastrophic bitmex would freeze up their charts, Pump to liquidation points wiping everyone out, than let it crash.
Elijah Gray
yeah bro short it right when all the hedge funds are finally allowed to buy in on a stock exchange
Jayden Rogers
I would short scammy tokens if that's possible. Some cuck might spam le bullish memes like the reddit guy who said it will go to 15k so they can exit.
Alexander Robinson
im just holding its going to be fine. Tomorrow moon
Dylan Perez
Im scared. Hold me.
youtu.be
Adrian Martinez
This. I don't understand how someone considers it bad for an asset to be classified as a "security." Have they not noticed that the market cap of all stock markets worldwide is more than $70 Trillion? Have they not noticed that the market cap of all bond markets worldwide is more than $250 Trillion?
Juan Evans
In the short run it's "bad" (red). Coinbase won't list new tokens this year, all those millions of eth icos got for free will dump, and US exchanges will delist most tokens.
sec.gov
>Merely calling a token a “utility” token or structuring it to provide some utility does not prevent the token from being a security.
Bye bye BAT
>Tokens and offerings that incorporate features and marketing efforts that emphasize the potential for profits based on the entrepreneurial or managerial efforts of others continue to contain the hallmarks of a security under U.S. law.
Bye bye Tron
sec.gov
>First, and most disturbing to me, there are ICOs where the lawyers involved appear to be, on the one hand, assisting promoters in structuring offerings of products that have many of the key features of a securities offering, but call it an "ICO," which sounds pretty close to an "IPO." On the other hand, those lawyers claim the products are not securities, and the promoters proceed without compliance with the securities laws, which deprives investors of the substantive and procedural investor protection requirements of our securities laws.
>Second are ICOs where the lawyers appear to have taken a step back from the key issues – including whether the "coin" is a security and whether the offering qualifies for an exemption from registration – even in circumstances where registration would likely be warranted. These lawyers appear to provide the "it depends" equivocal advice, rather than counseling their clients that the product they are promoting likely is a security. Their clients then proceed with the ICO without complying with the securities laws because those clients are willing to take the risk.
coindesk.com
Jay Jay the jet plane will crash ethereum with no survivors.
Joseph James
that's not even possible brainlet.
liquidations aren't based on bitmex price...
Aaron Bennett
so what do you say, is it a good idea to short eth in the short run?
or is it too risky?
Jaxson Rivera
High risk, high reward. Throw some play money you’re okay with losing at a highly-leveraged short and either get liquorbated or get a few free BTC
Chase Cox
The only security-ish aspect of ETH was the presale. That was held in a really IPOish fashion. IANAL but that seems like the most likely way the SEC could call ETH a security. Gotta be some technicality in there.
Chase Nguyen
the mining is the technicality i think.
it should be treated like a commodity imo.
Juan Sanchez
unironically nice
William Baker
Still recommend longing BCH, which will probably flip ETH if they declare it a security. twitter.com
>I consider BCH a legitimate contender for the bitcoin name.
coincentral.com
I don't think they will but they will probably also discuss what will happen to all the other ICOs.
cnbc.com
>"ICOs need to be regulated," she said. "The SEC is right that those are securities and need to be regulated as such."
themerkle.com
Depends on what the moonboys and the bears spam harder, "eth is not a security XD" vs "most tokens are fucked".
sec.gov
>SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities
It is extremely unlikely that this is the only thing they would have regulated as a security. All exchanges tokens, such as BNB and KCS, which have "burns" (stock buyback) or "dividends", probably will be, for example.
Jose Gonzalez
Plus any token that hypes up a "burn".
Slightly less likely are the tokens that hype up exchange listings as per
>Tokens and offerings that incorporate features and marketing efforts that emphasize the potential for profits based on the entrepreneurial or managerial efforts of others continue to contain the hallmarks of a security under U.S. law.
Justin Powell
>That said, *right now*, I think trying to claim "BCH = bitcoin" is a bad idea, as it *is* a minority opinion in the "greater bitcoin community".
also vitalik
Brody Evans
How will bcashies ever recover? Better close my long if he says it will drop to zero.
twitter.com
>Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.
Christopher Bailey
the fuck are you on about pajeet?
did you read my post?
Aaron Williams
it's happened before you dumb fuck. literally happened last month when someone sold it to 0.052 on polo
Easton James
wow magine that you fucking idiot, bitmex liquidations are based on poloniex.
bitmex price could not even move, and you will get liquidated if polo tanks.
Alexander Torres
Not really accurate because cross exchange arb is a thing, very unlikely that bitmex price won't move if pool price does
Daniel Foster
That is irrelevant to my point.
Obviously it will move, the point is it doesn't have to, and can even be going the opposite direction.