/biz/ - Business & Finance

>>55266745
I sold all my 56000+ XRP. This shit wont do anything and the SEC and democrats will kill crypto and exchanges like Binance and Coinbase. And seriously, DO YOU really think XRP could take all the money over the entire world? please...I mean do you really think BRICS will accept that? no way. Maybe if USA didnt decide to self-suicide the dollar...I have a strong feeling Binance and/or Coinbase will collapse soon and for that I am entirely out of crypto. Worst case scenario I can just buy some but never again like before once its dirt cheap and that is a big if. Good luck.

As per previous anon:

The SEC just rug pulled 98% of the market in the most crystal clear way possible and people a still buying the dip, accumulating and DCA-ing securities like it's Monday.
Sunk cost fallacy doesn't even begin to describe the psychology at play here, it's just unbelievable, a financial horror movie.
In term of scale it is like every fucking disasters that ever happened in crypto (MtGox, BitConnect, FTX, etc) but combined.
If you hold any of these below you are absolutely doomed and you will never recover, all the information is there, what more do you need exactly?
Jesus fucking Christ may god have mercy on your poor soul.
Cryptospace has been the birth place of myriad of new psychological syndromes that will be studied for decades to come.

>The SEC has now declared that these 54 crypto tokens are securities: XRP, Telegram’s Gram (TON), LBRY Credits (LBC), OmiseGo (OMG), DASH, ALGO Naga (NGC), Monolith (TKN), IHT Real Estate (IHT), Power Ledger (POWR), Kromatica (KROM), DFX Finance (DFX), Amp (AMP), Rally (RLY), Rari Governance Token (RGT), DerivaDAO (DDX), XYO Network (XYO), Liechtenstein Cryptoasset Exchange (LCX), Kin (KIN), Salt Lending (SALT), Beaxy Token (BXY), DragonChain (DRGN), Tron (TRX), BitTorrent (BTT), Terra USD (UST), Luna (LUNA), Mirror Protocol (MIR), Mango (MNGO), Ducat (DUCAT), Locke (LOCKE), EthereumMax (EMAX), Hydro (HYDRO), BitConnect (BCC), Meta 1 Coin (META1), Filecoin (FIL), BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS), COTI (COTI), Paragon (PRG), AirToken (AIR), Chiliz (CHZ), Flow (FLOW) Internet Computer (ICP), Near (NEAR), Voyager Token (VGX) and Nexo (NEXO).

>In addition, the SEC has deemed 13 Mirror Protocol mAssets are securities.

https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit