ST Alpha - "and people wonder why the SEC wants to crack down on crypto... -- nm" (Reading a Post)

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In response to "Here is the LiteCoin chart upon the distribution of the Wal-Mart news followed by the reveal that it was fake. -- (pic)" by Tenetennbaron

and people wonder why the SEC wants to crack down on crypto... -- nm

Posted by decline (aka Decline) Sep 13 '21, 12:11

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Responses:

Is this crypto's fault though? -- nm - ty97 Sep 13, 12:23 12
- The better question is how did Globe Newswire end up publishing a fake press release from Walmart? -- nm - oblique Sep 13, 12:27
- No. Crypto is volatile any day. Fault lies with news agencies and others who publicized a phony press release without verifying. -- nm - zunk xometimes Sep 13, 12:26 10
  - Why is it so volatile compared to traditional currency? Isn't that by design? -- nm - mara Sep 13, 12:31 9
    - isn't the reality that it's not a currency, but a new form of security? -- nm - decline Sep 13, 12:34 8
      - Can it be both? :) - oblique Sep 13, 12:42 1
        
        I mean, I guess. The same way that they could make Apple stock the legal tender of the country - decline Sep 13, 12:48
      - Okay, so isn't it designed to be a highly volatile security? -- nm - mara Sep 13, 12:37 5
        
        design? probably not, but the speculation that has become an inherent part of the crypto markets makes it so - decline Sep 13, 12:51 2
        
        But it's unbacked by design, I assume. It offers no returns (coupons, dividends, interest, etc) by design. -- nm - mara Sep 13, 13:08 1
        
        true, but now we're moving into the theories behind the original design of blockchain - which is a bit tough since we still don't know who developed - decline Sep 13, 13:19
        
        no. I wouldn't say designed. It is very very new (relatively speaking) and it's volatility reflects that. T think others would argue that as it is - oblique Sep 13, 12:40 1
        
        Adoption and speculative hoarding are two different things. -- nm - znufrii Sep 13, 12:55
meanwhile EQXWF jumps from 0.048 to 0.097 and then back down to 0.045 today. :) -- nm - oblique Sep 13, 12:19 1
- That's just typical pink sheet boiler room BS though -- nm - Tenetennbaron Sep 13, 12:32

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