I don’t know if you’re joking but I want to stress that you don’t have a binary choice of shoving or sitting on your hands. I feel like this is a relic of old school finance and a corollary to them getting Big Mad about Robinhood et al ‘gameifying trading’ as opposed to before when you had to get a broker, call your broker, tell him he’s a good boy, yada yada, like, and your trade had to be a certain size, it was a Whole Big Thing. That’s old school finance speak for ‘we prefer the barriers to entry and don’t want these filthy plebs running amok’ and they’re not all wrong, a lot of plebs are getting rekt whilst running amok, but that altruistic part is a small fraction.
The minimum trade amount on Binance is six dollars. Like, buy six dollars of HundredXCOIN, maybe it does go 100x, fun times. Donate a hundo to charity, light another portion on fire as a sacrifice to the crypto gods, and buy yourself a video game console.
Yeah, see the post right above. The play that will get people in big trouble is if they try to fake the KYC and provide fraudulent documents saying they’re living in Antarctica or whatever.
That might seem like it doesn’t make sense, why would anybody bother with KYC, but it’s a requirement for higher VIP levels and moving bigger amounts. Whale and quasi-whale stuff.
To be honest, a part of me not liking pumps is that I’d just prefer it all go sideways forever, up and down 10% or so. I can beat the humans and dumb bots at that game. But yeah, people will get rekt and there might be regulations and the great irony is that many of these people are the same that don’t like guvment regulating things and messing with their affairs.
Ok, lol, I’ve put off doing this because I still haven’t fully recovered, I don’t think, but basically this happened to everybody huh?
From the point I sold BTC, placed election bets, received payouts, to the point I rebought BTC, I ‘lost’ 30ish% compared to having not bothered with it at all. Plus the non-monetary part of the headache and hassle.
If it makes you feel any better, if they didnt get rekt government would just use money laundering and terrorism concerns as a front for when they go after banning/devaluing crypto.
I didn’t want to belabor the point at the time but come on. You all were like, I don’t trust humble genius and nice guy 6ix, I’m gonna wait to see how the teeming hordes feel about dog coins.
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