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RE: Are We Right In Treating Cryptocurrency Like We Do Stocks?

in LeoFinance3 years ago

let me give the best answer to the question. So first of all it's kinda dumb to have the term currency in crypto as 99.9% of them are treated like unregistered securities. These are essentially people many of you don't really care about the true formation and idea of crypto.

The reality is you all want to make money in fiat currency. So you have this expectation of profit. The SEC is absolutely correct to go after these type of cryptos. Unfortunately hive is pretty much an unregistered security don't feel bad that's almost every crypto with the exception of bitcoin and maybe my project bitcoin myk.

The problem is you all expect to get profit from this which violates the howey test. You can't expect profit. That's why i use to be so proud of doge coin. Do you remember before Elon Musk made the dumbest move he ever made and started manipulating doge coin?

Well prior to that doge price seldom moved. it was a true currency outside of fiat and outside an expectation of profit. Because anybody in their right mind buying doge coin wasn't buying it for a profit. They used it as a currency and currencies spread economic prosperity better than stocks and better than gold or store of value.

So i'm going to stop right there because i know this flies over everyones head on this thread. They wish to participate in unregistered securities. It's probably better and safer to just buy a penny stock to be honest. There is nothing significant happening in this space like this.. With the exception of bitcoin .. bitcoin cash and bitcoin myk.. the rest are just like pyramid ponzi penny stocks.

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