\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

A Warning on Crypto Markets

I appreciate the current enthusiasm in crypto markets and th...
Navy House Roast Beef
  08/11/17
fuuuuuck
henna wild nowag
  08/11/17
this is why i instantly convert to USDT after a BTC moon or ...
sickened digit ratio
  08/11/17
thanks very much for this. if you can relay any hints to you...
cocky lodge doctorate
  08/11/17
also any thoughts on quantum or neo? youve mentioned you lik...
cocky lodge doctorate
  08/11/17
Good post OP. The resumption of massive crypto mania post-B...
Emerald lascivious clown
  08/11/17
soooo cr but yet its sooooo cr
cocky lodge doctorate
  08/11/17
...
Vivacious Well-lubricated Gas Station
  08/11/17
OP, how do you reconcile this poast with the one you made he...
Adventurous abode
  08/12/17
Both are flame
Umber ticket booth
  08/12/17
I don't think any of this will happen, this is just more bul...
razzmatazz onyx locale headpube
  08/12/17
(Stockbroker in 1929)
slap-happy school
  08/12/17
...
flatulent foreskin marketing idea
  08/12/17
17th century dutch tulip farmer, actually.
cocky lodge doctorate
  08/12/17
...
Dark abnormal indian lodge therapy
  08/22/17
...
transparent geriatric people who are hurt chad
  12/07/17
...
Talented national security agency background story
  11/15/18
...
thriller flesh preventive strike new version
  11/15/18
...
Emerald lascivious clown
  08/21/17
This is a good, substantive post. I don't have enough to car...
Big Mood
  08/21/17
...
fluffy office
  08/21/17
jfc why can't there just be something to invest in that just...
maroon dashing newt
  08/21/17
Not for nothing, but I think the odds are higher China makes...
Adventurous abode
  08/21/17
Jfc
maroon dashing newt
  08/21/17
lol
Insecure pozpig keepsake machete
  08/22/17
...
alcoholic philosopher-king senate
  08/22/17
SNES Classic Edition was a risk-free several hundred dollars...
outnumbered arrogant trailer park
  08/22/17
...
Emerald lascivious clown
  08/22/17
A regulation panic crash will be a huge buying opportunity u...
Hyperventilating Deranged Chapel Fanboi
  08/22/17
ICOs have disrupted the cost of capital for startups. VCs pr...
swashbuckling set
  08/22/17
ty
cocky lodge doctorate
  08/22/17
180
Hyperventilating Deranged Chapel Fanboi
  08/22/17
They didn't disrupt anything. They just let nonaccredited Re...
territorial scourge upon the earth meetinghouse
  08/22/17
they'll regulate ICOs and some exchanges maybe and it will b...
Vivacious Well-lubricated Gas Station
  08/22/17
i took a cursory look at the possibility of the People's Ban...
jet-lagged magical field
  08/22/17
180 ty
Vivacious Well-lubricated Gas Station
  08/22/17
In 2013 they clamped down on the exchanges. The Chinese gove...
territorial scourge upon the earth meetinghouse
  08/22/17
isn't South Korea's regulatory authority a bigger risk than ...
flushed appetizing coffee pot
  08/22/17
...
Navy House Roast Beef
  09/04/17
Well done
silver travel guidebook
  09/04/17
?
Marvelous Affirmative Action
  11/24/17
...
bat shit crazy supple center regret
  09/04/17
...
pungent state
  09/04/17
I sold everything based on your blank bump assurances.
Insecure pozpig keepsake machete
  09/04/17
lol fgt
Drab Galvanic Shrine
  09/04/17
HE TRIED TO WARN US
cocky lodge doctorate
  09/04/17
...
cocky lodge doctorate
  11/24/17
...
Vivacious Well-lubricated Gas Station
  09/04/17
...
alcoholic philosopher-king senate
  09/04/17
...
orange impressive filthpig
  11/24/17
...
Marvelous Affirmative Action
  12/07/17
...
Harsh maniacal nursing home tank
  12/07/17


Poast new message in this thread



Reply Favorite

Date: August 11th, 2017 8:36 PM
Author: Navy House Roast Beef

I appreciate the current enthusiasm in crypto markets and the resilience it has shown with the crash a few weeks back.

However this is my warning that there is a high chance of a black swan that will upend things.

Specifically in terms of regulation & exchanges. The SEC has sent a warning shot but it seems to have been brushed off by everyone in short order. But what's happening now with Bitfinex goes beyond the surface. I suspect a major US exchange is likely to have major problems shortly.

And the biggest risk of all is not actually the SEC -- but the PBoC. The Chinese government has yet to take enforcement action on ICOs and it remains fairly easy for Chinese to purchase crypto. However new ICOs are being launched in China at a crazier pace currently than even in the west at the moment (most of which you haven't heard about). The PBoC are well-aware aware and will do something soon - I suspect again it may involve the more "retail" exchanges which will put an enormous damper on sentiment.

They have even more incentive given they've cracked down on just about all other major sources of capital outflows. And the ramification will be enormous - let me tell you, when the Chinese (or Koreans) panic & dump a speculative asset, there's quite nothing like it.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33967822)



Reply Favorite

Date: August 11th, 2017 8:37 PM
Author: henna wild nowag

fuuuuuck

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33967835)



Reply Favorite

Date: August 11th, 2017 8:41 PM
Author: sickened digit ratio

this is why i instantly convert to USDT after a BTC moon or ATH

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33967872)



Reply Favorite

Date: August 11th, 2017 8:43 PM
Author: cocky lodge doctorate

thanks very much for this. if you can relay any hints to your zozo friends about what you hear about anything that may be in the works we would owe you are lives.

also, jfc is omg gonna keep mooning like this???

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33967885)



Reply Favorite

Date: August 11th, 2017 8:44 PM
Author: cocky lodge doctorate

also any thoughts on quantum or neo? youve mentioned you like 0x and were on point with calling d0x and the other good icos going to market. anything else you like? tyty

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33967904)



Reply Favorite

Date: August 11th, 2017 8:45 PM
Author: Emerald lascivious clown

Good post OP. The resumption of massive crypto mania post-BTC fork is scary to behold.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33967918)



Reply Favorite

Date: August 11th, 2017 8:46 PM
Author: cocky lodge doctorate

soooo cr but yet its sooooo cr

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33967921)



Reply Favorite

Date: August 11th, 2017 9:38 PM
Author: Vivacious Well-lubricated Gas Station



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33968249)



Reply Favorite

Date: August 12th, 2017 2:49 PM
Author: Adventurous abode

OP, how do you reconcile this poast with the one you made here?

http://www.autoadmit.com/thread.php?thread_id=3698769&forum_id=2#33969858

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33971414)



Reply Favorite

Date: August 12th, 2017 2:55 PM
Author: Umber ticket booth

Both are flame

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33971460)



Reply Favorite

Date: August 12th, 2017 2:56 PM
Author: razzmatazz onyx locale headpube

I don't think any of this will happen, this is just more bull fuel to crush the bears

crypto is here to stay you can't stop it

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33971461)



Reply Favorite

Date: August 12th, 2017 2:57 PM
Author: slap-happy school

(Stockbroker in 1929)

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33971471)



Reply Favorite

Date: August 12th, 2017 3:00 PM
Author: flatulent foreskin marketing idea



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33971494)



Reply Favorite

Date: August 12th, 2017 3:04 PM
Author: cocky lodge doctorate

17th century dutch tulip farmer, actually.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#33971521)



Reply Favorite

Date: August 22nd, 2017 2:32 PM
Author: Dark abnormal indian lodge therapy



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34045961)



Reply Favorite

Date: December 7th, 2017 1:04 PM
Author: transparent geriatric people who are hurt chad



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34861151)



Reply Favorite

Date: November 15th, 2018 6:03 PM
Author: Talented national security agency background story



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#37240690)



Reply Favorite

Date: November 15th, 2018 6:05 PM
Author: thriller flesh preventive strike new version



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#37240709)



Reply Favorite

Date: August 21st, 2017 6:22 PM
Author: Emerald lascivious clown



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34039971)



Reply Favorite

Date: August 21st, 2017 6:25 PM
Author: Big Mood

This is a good, substantive post. I don't have enough to care but it's good to see some voice of reason in the the sea of optimism.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34039993)



Reply Favorite

Date: August 21st, 2017 6:32 PM
Author: fluffy office



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34040047)



Reply Favorite

Date: August 21st, 2017 6:32 PM
Author: maroon dashing newt

jfc why can't there just be something to invest in that just moons like crazy without any of these fucking insane risks. If ETH gets to 500 I am out

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34040046)



Reply Favorite

Date: August 21st, 2017 6:35 PM
Author: Adventurous abode

Not for nothing, but I think the odds are higher China makes its move before ETH hits $500.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34040058)



Reply Favorite

Date: August 21st, 2017 6:56 PM
Author: maroon dashing newt

Jfc

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34040216)



Reply Favorite

Date: August 22nd, 2017 2:10 PM
Author: Insecure pozpig keepsake machete

lol

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34045742)



Reply Favorite

Date: August 22nd, 2017 5:58 PM
Author: alcoholic philosopher-king senate



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34047682)



Reply Favorite

Date: August 22nd, 2017 2:14 PM
Author: outnumbered arrogant trailer park

SNES Classic Edition was a risk-free several hundred dollars in pure profit dude. I pre-ordered five of them using my Python magic and shoe leather hying to GameStop right in the nick of time.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34045777)



Reply Favorite

Date: August 22nd, 2017 1:57 PM
Author: Emerald lascivious clown



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34045643)



Reply Favorite

Date: August 22nd, 2017 5:47 PM
Author: Hyperventilating Deranged Chapel Fanboi

A regulation panic crash will be a huge buying opportunity unless you concede that these assets will not stand up to regulatory scrutiny. That being the case, they're exactly the type of asset that should be regulated. These scamcoin icos have complete joke valuations untethered from reality when compared to what the projects would raise on registered securities markets or through private venture funding.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34047607)



Reply Favorite

Date: August 22nd, 2017 5:57 PM
Author: swashbuckling set

ICOs have disrupted the cost of capital for startups. VCs previously had a monopoly on funding startups and insisted on onerous terms (i.e., a high cost of capital) because they were investing large sums of money on behalf of demanding clients. With ICOs, the average investment is much smaller and the investors are less demanding. The huge overhead imposed by VCs have been abolished. So yes, startups are getting more money than they would from VCs (suggesting "higher valuations"), but that is because the VC leaches are no longer holding value back by lining their pockets. In other words, the total value is the same, it's just that without VCs taking their ridiculous cuts, it seems shockingly bigger.



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34047678)



Reply Favorite

Date: August 22nd, 2017 6:08 PM
Author: cocky lodge doctorate

ty

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34047763)



Reply Favorite

Date: August 22nd, 2017 6:43 PM
Author: Hyperventilating Deranged Chapel Fanboi

180

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34048002)



Reply Favorite

Date: August 22nd, 2017 11:33 PM
Author: territorial scourge upon the earth meetinghouse

They didn't disrupt anything. They just let nonaccredited Reddit investors invest AND trade the securities of highly speculative start-ups from the comfort of their basement. You now have 100's of illegitimate operations raising tens of millions of dollars with no diligence and no product. More than 90 percent of these are going to flame out and leave the holders with nothing. It's totally illegal, and illegality is not disruption.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34049959)



Reply Favorite

Date: August 22nd, 2017 6:08 PM
Author: Vivacious Well-lubricated Gas Station

they'll regulate ICOs and some exchanges maybe and it will be good long term.

HODL niggers

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34047753)



Reply Favorite

Date: August 22nd, 2017 6:24 PM
Author: jet-lagged magical field

i took a cursory look at the possibility of the People's Bank of China (PBoC) banning / negative action on crypto...

in 2014 the governor of the PBoC said explicitly they would not ban bitcoin: https://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/

in February 2016 the governor spoke about how the PBoC is developing its own cryptocurrency - he seems to think paper / coin fiat will go away

here's an article about a crypto job ad PBoC posted: https://qz.com/838589/chinas-central-bank-is-hiring-blockchain-experts-to-help-it-kill-off-cash/

I suppose the Chinese could shock us all and issue catastrophic regulations but that seems unlikely for now

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34047877)



Reply Favorite

Date: August 22nd, 2017 9:03 PM
Author: Vivacious Well-lubricated Gas Station

180 ty

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34048855)



Reply Favorite

Date: August 22nd, 2017 11:35 PM
Author: territorial scourge upon the earth meetinghouse

In 2013 they clamped down on the exchanges. The Chinese government doesn't want its citizens using Bitcoin to evade currency controls that limit how much capital leaves the country.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34049989)



Reply Favorite

Date: August 22nd, 2017 11:25 PM
Author: flushed appetizing coffee pot

isn't South Korea's regulatory authority a bigger risk than China's?

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34049893)



Reply Favorite

Date: September 4th, 2017 9:52 AM
Author: Navy House Roast Beef



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34134115)



Reply Favorite

Date: September 4th, 2017 9:53 AM
Author: silver travel guidebook

Well done

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34134119)



Reply Favorite

Date: November 24th, 2017 12:18 PM
Author: Marvelous Affirmative Action

?

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34761917)



Reply Favorite

Date: September 4th, 2017 9:53 AM
Author: bat shit crazy supple center regret



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34134120)



Reply Favorite

Date: September 4th, 2017 9:56 AM
Author: pungent state



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34134130)



Reply Favorite

Date: September 4th, 2017 9:59 AM
Author: Insecure pozpig keepsake machete

I sold everything based on your blank bump assurances.

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34134135)



Reply Favorite

Date: September 4th, 2017 9:55 AM
Author: Drab Galvanic Shrine

lol fgt

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34134128)



Reply Favorite

Date: September 4th, 2017 11:31 AM
Author: cocky lodge doctorate

HE TRIED TO WARN US

(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34134455)



Reply Favorite

Date: November 24th, 2017 12:20 PM
Author: cocky lodge doctorate



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34761935)



Reply Favorite

Date: September 4th, 2017 11:31 AM
Author: Vivacious Well-lubricated Gas Station



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34134457)



Reply Favorite

Date: September 4th, 2017 9:59 PM
Author: alcoholic philosopher-king senate



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34138179)



Reply Favorite

Date: November 24th, 2017 12:17 PM
Author: orange impressive filthpig



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34761911)



Reply Favorite

Date: December 7th, 2017 1:02 PM
Author: Marvelous Affirmative Action



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34861139)



Reply Favorite

Date: December 7th, 2017 1:05 PM
Author: Harsh maniacal nursing home tank



(http://www.autoadmit.com/thread.php?thread_id=3698615&forum_id=2#34861155)