/biz/ - Business & Finance

>>9833879
I sold everything after holding for 1 year. Fuck this only fucking shitcoin that never mooned in Jan

>>9833879

How is it a security? It doesn't pass the Howey test and your tokens aren't receiving dividends, they're doing work by validating transactions and are therefore more legally permissible. Can you refute that without saying "the sec guy said so and i need to fud omg daily"

>>9833928
its an enterprise with expectation of profit off a team. so its a security

omg has essentially held the same value in btc though so you are fucking retarded.

>>9833879
everything with a ico is a security. its worth the SEC taking on a whole bunch of court cases (bigger budget). I don't see how ppl can argue the howey test does not apply to icos. it will efect the must only really the rest of us will get a nice to buy. stockin up on PoW atm. Debating about my 1k OMG stack...don't wanna miss out on airdrops

>>9833928
>How is it a security?
I'm not going to repeat my same fucking points here lmao. Why dont you open the previous thread and read? Enjoy holding.

>>9833938
>omg has essentially held the same value in btc though so you are fucking retarded.
You're retarded. Its down in satoshis since i posted that fucking thread.

Significantly down in satoshis = down more than BTC

>>9833942
>must
mutts

>>9833879
> tfw just filled up my OMG bags last week

welllll shit. Not worried about SEC fud though since the Coinbase will be licensed to sell securities and OMG is definitely a contendor

>>9833947

>I'm not going to explain because I don't have to

And that's why you have no argument. It's not my job to wade through garbage on an archived thread, it's your job to refute a point in a current conversation.

>>9833965

so it went down from around 150k to 140k....big fucking deal...it's holding up better than most alts. Keep grasping at straws though you mental midget.

What jurisdiction does the SEC have over a company based in Thailand?

>>9834006
>And that's why you have no argument.
>It's not my job to wade through garbage on an archived thread
Ok then friend. I'm not going to repeat my explanation on why omisego is a security just so you can feel secure.

That phase was done. This is the trashtalking phase now.

>>9833947
>m not going to repeat my same fucking points here lmao.
>but i will make a new thread

>>9833947
>It is an investment of money
This is a lose definition, we use promisory notes as 'money'
>There is an expectation of profits from the investment
look online at forum posts, ppl expect a profit
>The investment of money is in a common enterprise
Its a project with a stated goal
>Any profit comes from the efforts of a promoter or third party
Thats us the third parties...the speculators

The US will word smith there way round this. have a look at the whole 'enhanced interrogation' thing they just changed the definition of torture.

>>9834006
It went down 15% in satoshis in 3 days during the beggining of a downtrend. BTC lost 12% in value which means OMG lost 27% of its value.

You almost lost 1/3rd of your fiat value in OMG in 3 days and you call that small?

>>9834047
>m not going to repeat my same fucking points here lmao.
>but i will make a new thread

Isnt it obvious that i made this thread not to explain anymore but to trash talk those faggots that didnt listen?

The ark has sailed and you my friend will be left to drown HAHAHAHAHAHAHAHAHAHAHAHAHAAHAH

>>9834046
So youre full of shit. Thanks black guy manlet.

>>9834042
>What jurisdiction does the SEC have over a company based in Thailand?
the mutts can't trade unregistered securities
No crypto has been registered as yet, & no you can't do it
https://www.sec.gov/fast-answers/answersregis33htm.html

>>9834051
>Any profit comes from the efforts of a promoter or third party
Thats us the third parties...the speculators

Are you retarded? "WE" CANNOT BE "THIRD PARTY" The absolute state of OMG shillers.

Go back to pajeetland

>>9833936
>off a team
Once the network is released, this isn't true

>>9834070

I'm really not interested in sat value nor do I care about it, when I eventually sell my stack it's going to go straight from btc to fiat

I know you go and fud OmiseGO every single day, and although it's really all for naught in the end I have to ask why you single out OMG as opposed to any other token?

And don't say "cuz it's shit" because we both know that isn't the case.

OmiseGO is promoting $ELEC scam, sell your bags before it crash to ZERO.

>>9834144
>I'm really not interested in sat value nor do I care about it,
Satoshi value is money retard. You pump higher than BTC? you made more dollars than BTC. You dump harder than BTC you lose more sats.

Stop the cope lmao.Holding OMG was a shitty decision. Its USD price is lower than august 2017 ffs.

A third party is an entity that is involved in some way in an interaction that is primarily between two other entities. A contract might be, for example, between a software company that creates a mobile app and an end user.

READ YOUR FUCKIN TARD
pickup a legal dictionary, its a legal thing we are talkin about!

>>9834127
IGNORANT CUNT READ
>>9834183

>>9834116
americans can just use a dex or non american exchange, possibly even through a vpn like they already do

>>9834165

You call me a retard because I don't trade like you? There are some people who simply passively watch their investments and cost-average their trades. OMG is only one of many investments in my portfolio. Not everyone is an autistic neet like you who sits at home all day in mommy and daddys house and can manage their trades.

>>9834183
>A third party is an entity that is involved in some way in an interaction that is primarily between two other entities.

Its a venture done by Omise funded by an ICO which they promise to use with their clients once they finish developing it.

If you dont belive that fits the criteria of a security based on the SEC's definition then nothing is. Keep holding bagboi

you know what figure this shit out for yourselves ffs, i had to.
Not going to help a bunch of argumentative teenagers!

>>9834216
>>9834216

Let me ask you this then, because I don't know. How do you incorporate the fact that the network is permissionless and isn't owned by anyone?

>>9834216
>muh SEC
Too bad Omise doesnt operate out of the states, lmao.

Sold all mine for Masari, feeling good

>>9834251
https://www.youtube.com/watch?v=wFr1ooaVPjY

They will not change their definition of a security just because of "decentralization" But i doubt your ADHD ass can fathom watching a 15 minute video of the SEC chairman talking on CNBC

>>9834253
>hurr durr not in the US
Lmao, doesnt change the fact that it will tank 80% further once it is declared a security in the US.

>this fucking retard trying to FUD so hard

fucking pathetic little scummy twat, bet he voted for Drumph

>>9834333
>FUD
Like i need to FUD OmiseGo. If you bought BTC or ETH in august 2017 you would still be in a profit but buying OMG would lose you money.

Its price at august 2017 is higher than the current price. If buyers were planning on buying your stupid bags they would be buying right now. Clearly no one wants them.

>>9834289
Again, it literally does not matter in the slightest because Americans can not do a single thing about the OMG token as it is not under their jurisdiction.
Whats the worst that could happen? Shitty ass site like bittrex has to delist it or whatever. Americans will continue to trade on binance and you can continue to FUD like the miglet you are.

should i sell bros

>>9834395
If the SEC announced tomorrow that OMG is a security will it tank? Go on say it lmao. Laughing at you and your deluded ass.

>>9834395
Stricter regulations for exchanges that sell coins that the SEC would classify as securities. IE: No Americans

>>9834434
No because OMG isnt a security and will never be listed as one
Prove me wrong you literally cannot :^)

>>9834454
I just posted why in this thread retard >>9834216
Doesnt matter if Omise is not in the US its still going to be a security in the US and that will impact the price.

I'm out retards, see you in a week when OMG is back at $5

>>9834558

ugh i hope i'd love to pick up 200 more to reach my goal

>>9834454
>will never be listed as one
newfag thats the problem! ffs ppl get busted for securities fraud. look up 'trading unregistered securities'. this law was created in '33 so crypto is not grandfathered in either like some mutts think.
prove me wrong, you can't

>>9834489
Still not a security and the SEC still doesnt matter to a company based in Thailand that has the support and backing of the Thai central bank and Thai government. Prove me wrong.

>>9834454
https://www.sec.gov/fast-answers/answersregis33htm.html

>>9834594
Americans get busted by the SEC for securities fraud. Omise isnt American.. See what Im getting at lad?

>>9834645
This only affects the mutts, you know that right? OP is simply sayin the price will drop when it gets announced
>>9834662
No i don't ffs, look up what i said, you must be a fuckin mutt!

>>9834116
>>9834204
There is little the sec can do to prevent Americans from owning coins. The sec doesn't have the power or manpower to arrest thousands of people. The government always admits when they can't enforce something by allowing it. They couldn't stop file sharing so they embraced it. They won't be killing off coins by declaring them securities and arresting people.

>>9834662
Look ICOS are banned in the states, WHY?

>>9834693
No they arent. ICOs are legal they just have to meet certain requirements.

Your FUD is really shitty. "muh SEC and muh securities" is as basic bitch as you can get

>>9834716
good night

>>9834723
Its 11am tho

3700 on my cold storage wallet, getting up to 4100 this dip.

keep fudding, see you on the other side when im retired in 2-3 years from validating the worlds transactions

>>9834411
Dump that scammy shit. Those fuckers are sheister insectoids.