If you're hypothetically a bitcoin millionaire/billionaire that started accumulating Bitcoin a decade ago, how would you cash out? - Hypothetically you were a naive kid back then that likes playing with internet money, and started accumulating Bitcoin from 2009 onwards, from mining, faucets, all the free and cheap ways, and ... See More say you were broke enough to not even buy some at less than a dollar. Let's say you accumulated about 50,000 thousand or so Bitcoin, how will you cash out with the least amount of exposure and doxxing?

Given that bitcoin network is a public ledger, and Centralized Exchanges require you to KYC to cash out from their platform.

Don't send me a dm, this is purely hypothetical.

First Blackrock, now Fidelity have filed a Crypto ETF. Meanwhile Grayscale has been trying get one for years now and have been denied by regulators, over which they sued. What's worse, if Blackrock and/or Fidelity are approved, Grayscale loses tons of customers and profit because of regulator action - This ... See More is starting to look very questionable by now. Blackrock were the first to file for an ETF. And soon after comes Fidelity. These two companies are very large and well-connected.Blackrock in particular has a SEC ETF approval rate of 575-1 which was it very likely that they will be approved.

But if they are approved, this gives a sharp disparity with the Grayscale situation. Grayscale has been in repeated meetings and made many attempt to obtain a Bitcoin ETF, but where denied by the SEC. It would raise some serious question if Blackrock is approved first. The worst part of it is that if they are, Grayscale would not get to be first to market and Grayscale probably lose out on a lot of profit that Blackrock would receive. They would lose even further if Fidelity is also approved before them.

BlackRock’s ETF Would Be a Big Deal

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Gary Gensler claims that "No crypto asset entity is registered as a national securities exchange". It might be because that this literally isn't possible, which is exactly what Coinbase says - The SEC website has issued a investor bulletin in late March which that quotes "In particular, no crypto asset ... See More entity is registered with the SEC as a national securities exchange". This statement by itself is very strange, considering the number of exchange in the US from Gemini to Kraken to Coinbase to Binance. You would think that at least one of these exchanges would have seen fit to obtain a broker dealer-license. And in fact, a Gemini affiliate has obtained a FINRA license and Coinbase says they also have a broker-dealer license.

Specifically in the case of Coinbase, the CEO says that their license remains dormant because the SEC does not provide them a pathway to activate it. In this way, they are prevented from dealing in securities, in particular staking as a service as claimed by the SEC. While just a claim by Coinbase, it is interesting that in response all Gensler retorts is that, "Crypto firms know exactly how to register, they just don’t want to". At least on the surface, it's shady that he simply makes a statement like that without outlining or pointing out the actual regulatory steps. It honestly sounds like what a 3rd grader would say back in an argument, at least IMO. What's even more questionable is just the mere fact that **no** exchanges are registered as securities exchanges. It's very hard to believe that no a single one would try to follow the rules, unless it is extremely difficult, vague or downright impossible. Worse yet is the fact that multiple(frankly virtually all) exchanges have repeated cited that the SEC gives very little to no feedback even from dozens of meetings and give effectively no assistance to firms trying to come under regulations.

Why stop DCAing into ALTs? - Trying to get my head around all the doom and gloom posts regarding ALTs.

Looking back on the last bear market, a lot of the top ALTs really didn't do much. Seems a bit like the dotcom boom in 1999 where you only needed to ... See More build a website, regardless of your core business, to get investor funds.

This time around, top ALTs, even the ALTs being attacked by the SEC look to be, for a lack of a better term, doing stuff. Many of the ALTs have continued to build/progress their roadmaps all through the boom and bust. They seem to be more business focused and have actual structure compared to coins that busted previously. They have been gaining partnerships with large non web3 corporates, and basically seem much better run.

So I'm just a bit confused why anyone already investing in one of most risky assets would feel they need to exit completely at a very large loss now compared to other large swings, or even when they "invested" in sh!tcoins like safemoon or Pepe.. Guess they believe the tokens wil alll fail? I'm a bit more hopeful for some of these larger ALTs. So will continue to DCA. Would love to hear thoughts on this.

Billionaire Investor Mark Cuban Warns 99% of Crypto Assets Will Fail, Says ‘Winners Will Be Game Changers’

Pepe is soon to be out of Top 100 ! -

We all know what Pepe is we know how much it has caused average users to get rekt , we won't dwell on it.

Plus we are seeing a lot of pepe whales selling at losses further pushing the ... See More price and sale pressure .

Here are some stats suggesting that Pepe is soon to be out of Top 100 , good riddance.

All time high - $0.00000420.

Current price - 0.00000092.

Percentage Down (-78%) (-$ 0.00000328).

1 Month Change (-44.91%).

1 Week Change (-22.03%).

If it has to revist it's all time high it has to made 356.52% Gains which is roughly 3.65X current price.

The Market cap has bleeded to $380 Million from their infamous $1 Billion in just months.

I don't think it is a good idea to hold / buy this type of crap.

Cheers !

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