Ripple (XRPUSD)

[GreedyAgorist]

With all due respect, government always a threat. The US government has always been and will continue to be a threat to US crypto holders, and US crypto exchanges, and US crypto companies. Not to mention a threat to those outside the US, because our domestic policy IS our foreign policy.

Just look at how the US Gov's Drug War has ruined the lives of millions who have never been to the US. We export our cr*p. We are too big a country to keep our cr*p within our borders; that sh*t oozes out and gets all over everything.

I am not entirely sure that the big money to be made in crypto is still in the future. We say we want regulatory clarity, but do we really? I was promised an SEC ruling on bitcoin (for derivatives or mutual funds or something like that) two years ago. It was a hard deadline on some bureaucracy's calendar. I don't think it ever happened. And did that hurt Bitcoin? Nope. Up 500%-600% since then. Not to mention all the gains to be made before that.

There is a rule in trading: Buy on the rumor; sell on the fact. We are still buying, because we are still in the rumor phase, but, frankly, I don't know if you are going to want to be holding once we get hard facts, bureaucratic decisions, "regulatory clarity," blah, blah, blah.

I have no plans of checking either the Yes or No box on the top of next year's 1040, if indeed that form has a question about virtual currency. It won't even be an act of civil disobedience. It will be me saying, "I don't know. You guys don't know what it is. How the heck should I know what it is?"