Blockchain Backer · Wednesday, February 23rd, 2022 at 12:40pm
@BCBacker
Crypto market is pretty tame today.
I’m taking the day off from videos to get some things done.
Been a busy week with a video and a 2.5 hour live stream on Monday, and a video and interview on @ThinkingCrypto1 yesterday. 
I’ll be hanging around Twitter all day though. 
Blockchain Backer · Tuesday, February 22nd, 2022 at 9:33pm
@BCBacker
Lots of fun chatting with @ThinkingCrypto1 today. https://t.co/7BmkQsXZTa
I had a great time interviewing @BCBacker!
WATCH 
https://t.co/EPf5iPclbR
We discuss:
– His background & portfolio
– Technical Analysis
– #Crypto Market analysis
– #Altseason
– #Bitcoin, #Ethereum, & #XRP price predictions https://t.co/fP839XYpSe
In reply to
KingSolomon
@XRP_OWL 
Praying for you and your family
Blockchain Backer · Tuesday, February 22nd, 2022 at 12:53pm
@BCBacker
MARKET BOUNCES as Bitcoin Price Chart Quickly Dips with Altcoin Market, Structure Still Holding
https://t.co/5l0nkZdXsT
Blockchain Backer · Tuesday, February 22nd, 2022 at 10:44am
@BCBacker
What do you think? Are we still holding? https://t.co/ysJCR2pNaF
Blockchain Backer · Monday, February 21st, 2022 at 3:59pm
@BCBacker
I’m going LIVE on YouTube right now.
Let’s watch this chaotic volatility in real time.
Blockchain Backer · Monday, February 21st, 2022 at 12:12pm
@BCBacker
In this mornings video:
“In order for this thing to continue following, you know, what would you expect relatively soon? Within the next 2-4 hours? Some type of pop back up to about $39,000.”
https://t.co/OG3xC1Bi82
Blockchain Backer · Monday, February 21st, 2022 at 11:38am
@BCBacker
WE’VE ARRIVED! Bitcoin Price Chart Completes Fractal, Story Time for Retrace and Altcoin Market!
https://t.co/I82nQ2DXUm
In reply to
A defining moment on whether this structure will continue.
2/2 https://t.co/WlsaoCH9eG
Blockchain Backer · Monday, February 21st, 2022 at 8:46am
@BCBacker
Right on time again for Bitcoin.
1/2 https://t.co/Objc1YU7vo
Blockchain Backer Retweeted ·
Jeremy Hogan
@attorneyjeremy1
NEW VIDEO!
I bring in the big guns in order to argue about what the newly unsealed legal memos mean. Hint: Thien-Vu, arguing for Ripple destroys the SEC (repped by me).
https://t.co/7C4hzjMPrb
In reply to
So, exciting time. Will the fractal continue? Quick retrace? Or will we see what typically happens prior to the “long and grueling” retraces, where there still is another dip lower?
Answers to those questions are right around the corner, based on these structures.
3/3 https://t.co/rcXMTIQtG4
In reply to
Just for fun, making small adjustments by shifting the fractal up slightly, here’s another take on Bitcoin if it’s actually going to hold on the trend.
2/3 https://t.co/e5pIbPKunz
Blockchain Backer · Sunday, February 20th, 2022 at 10:27am
@BCBacker
Overnight move for Bitcoin!
Intense eyes on whether Bitcoin is going to continue following it’s 5 1/2 month structure, or deviate away.
1/3 https://t.co/AphjFdKsOQ
Blockchain Backer · Saturday, February 19th, 2022 at 4:00pm
@BCBacker
Time for a little secret…
I’ve done 624 videos on YouTube…
With a $60 headset I bought on Amazon.
After years of requests, I’m finally upgrading to a Shure mic. But, just know, for those up and coming, content beats out production value. https://t.co/ajDHll0rqb
Blockchain Backer Retweeted ·
John E Deaton
@JohnEDeaton1
UNDISPUTED FACTS TIMELINE ADDITIONS
2012: Perkins Coie (the same law firm that helped write 
Hinman’s #Ether Free Pass Speech) informed @chrislarsensf #RippleCredits (aka #XRP) IS NOT a security;
The 2012 memo warned Larsen there was a risk under the Bank Secrecy Act (BSA); https://t.co/HchgGVtQF0
The truth is out for everyone to read. What we see is that the SEC waited 8 years to decide they disagreed with this analysis, decimating thousands and thousands of XRP holders (who they purport to protect) in the process. So much for being mission-driven… https://t.co/VjGeyMxDy2
Blockchain Backer Retweeted ·
Jeremy Hogan
@attorneyjeremy1
NEW VIDEO!
The SEC’s BIG BLUNDER.
That’s all folks.
https://t.co/xtGPLwKOTq
Blockchain Backer Retweeted ·
James K. Filan 
@FilanLaw
5/5 It seems to me that Ripple was being very proactive, which is very important. There certainly is nothing in these memos that suggests that Ripple was being reckless or ignored any substantial risks. In fact, the memos suggest the opposite – that Ripple was being careful.
Blockchain Backer Retweeted ·
Jungle Inc XRP
@jungleincxrp
Nothing in crypto can be done without “small risk” There is no regulatory clarity. THAT IS THE WHOLE POINT of Ripples defense.
NO attorney would sign off on something with 100 percent certainty in this space and take personal responsibility. Then they would be sued 4 damages. https://t.co/oGmqXuuTGN
that the “small risk” is still a risk and that Ripple should have taken more caution. You can argue from both sides.
Blockchain Backer Retweeted ·
Eleanor Terrett
@EleanorTerrett
Looking at the docs, it looks like #Ripple legal team was warned in 2012 about the potential risk, “albeit small”, of the @SECGov disagreeing with their assessment that XRP is not a security down the road.
Blockchain Backer Retweeted ·
Stuart Alderoty
@s_alderoty
The conclusion of these now public 2012 memos is clear: XRP “do not constitute securities.” 1/2 https://t.co/hufsu0QRs0
@FilanLaw#XRPCommunity #XRP #SECGov v. #Ripple #XRP BREAKING: BELOW ARE THE TWO LEGAL MEMOS THAT HAVE NOW BEEN UNSEALED.
https://t.co/I5TsOcAUq6
https://t.co/upcQc2Z8pK
Blockchain Backer · Friday, February 18th, 2022 at 8:14pm
@BCBacker
Haven’t had any time to read these documents yet… but I see XRP’s price moving upward ever since they were released within the last hour… interesting.
Blockchain Backer · Friday, February 18th, 2022 at 8:12pm
@BCBacker
Tons of docs getting unleased in the SEC vs. Ripple case. Follow @FilanLaw, he’s posting tons of them. https://t.co/45pvD1W3Sj
@FilanLaw#XRPCommunity #XRP #SECGov v. #Ripple #XRP Below is District Judge Torres’s Order Unsealing the various documents posted today, February 18, 2022.
https://t.co/hf7Oog1F50
Blockchain Backer Retweeted ·
Sven Henrich
@NorthmanTrader
Classic that the Fed tightens insider trading rules only AFTER they’ve ballooned their balance sheet to $9 trillion and just 3 weeks before the asset purchase party ends.
Blockchain Backer · Friday, February 18th, 2022 at 1:42pm
@BCBacker
THE INTENSE MOMENT ARRIVES! Bitcoin Price Chart Reaches Final Stages, Altcoin Market Essential Time.
https://t.co/pQzr9gEwIw
Blockchain Backer Retweeted ·
Jeremy Hogan
@attorneyjeremy1
I’m reading it, but can’t quite believe it.
NOW the speech wasn’t Hinman’s personal opinion at all, but intended to convey the Dept. Of Corp Finance’s position on digital assets?!
In the legal world, this is as crazy as it gets. The Ripple lawyers must be chomping at the bit!! https://t.co/F3dtD9sN8p
Blockchain Backer Retweeted ·
CryptoLaw
@CryptoLawUS
On Tuesday, @GaryGensler told @LizClaman on @FoxBusiness that “it’s pretty straightforward” that in the case of an ICO (like ETH) an issuer has to register the offering as a security … (1/3) https://t.co/U0GdxfNGyT
Blockchain Backer Retweeted ·
Eleanor Terrett
@EleanorTerrett
Was trying for an early night but after reading the latest SEC motion my head is . So, @SECGov still hasn’t taken an official position on #Ether but SEC staff did in fact use Hinman’s speech to “provide public guidance” on sales of Ether…but only on behalf of Corp Fin?
What?
In reply to
lol, oops. This was supposed to go to Super Followers. Welp… out to the world it goes lol.
In reply to
I think there is something to this. I get that people want to establish stronger online identities.
There is WAY MORE TO NFTs than “avatars”. This is a tiny portion of it.
But it will be interesting to see what really is valuable, and I look forward to diving deeper into it.
In reply to
But there’s no doubt, we all live two lives.
Our normal every day life. And our internet life. And what we’re seeing is speculative price pumps (for sure), but also, more importantly… people finding ways to flash their wealth online. Which is what they do in their normal life.
In reply to
As there are YouTube videos teaching how to make these 10,000 piece collections relatively easily.
Over time, I am going to be doing further research into what makes specific ones valuable, and what makes others worthless. https://t.co/ouekcAyd1N
In reply to
So, we see a lot of projects popping up making promises that it will be the next “Bored Apes” or “Crypto Punks”, but really are just rug pulls.
So, further research on to WHY specific collections have value is needed.
In reply to
But, with all this excitement around collections and ownership of these collections, many “projects” have popped up competing in the space. And really, it’s not extremely difficult to whip up 10,000 for a collection. There are software programs that can do this for you.
In reply to
And there are way more than just “Bored Apes”, here’s another example. And the lowest cost of these is around $2,500. https://t.co/MELxY7X4B5
In reply to
You can add special fairy wings, top hats, robot clothes, etc. And, these all cost extra money. But, if you have them, and walk around in the game with them, you have something most don’t.
So, this is common in the video game world. And not surprising it’s making it’s way here.
In reply to
While foreign to many on why people would care about flaunting a different avatar or “skin” on the internet. It’s nothing new. People do this in video games all the time. In Roblox, you can customize your character with many accessories. But, there are “special” accessories.
In reply to
But, to have the “original”, or, the one we all agree on as the “original”, being on the blockchain, and being a part of collection, it signifies wealth. Being that the least expensive “Bored Ape” is $300,000. https://t.co/vw6dYQikSU
In reply to
In the real world, people have diamonds, gold jewelry, flashy cars, designer clothes. All these things can be shown off in the real world.
But on the internet, we are all just persona’s. We don’t have expensive “internet things”… or… the buzz word… “meta verse” things.
In reply to
Collecting is hot right now. You can look and see that video game merchandise, Pokemon cards, rare coins… all have been skyrocketing in value. But, it’s not just that. While these do have limited numbers to them making them collectible. It also provides that “internet wealth”.
In reply to
For me, it’s been hard to wrap my head around them to understand why people find them valuable. But, after engulfing myself in them the entire day, I started to understand why people do. https://t.co/fXggAvXNBT
In reply to
I think with how much rambling I did in this video about this, it would be hard to write it up. But, the main style NFTs focused on in the video were the ones we see plastered all over Twitter. The “Avatar” style NFTs. https://t.co/Uo5GrcemtO
In reply to
In the second half of the video I discussed NFT research I had been doing. There is a TON of stuff to NFTs, and I’m by no means an expert. I purchased a course and completed it. I also watched several hours of YouTube videos to get a basic understanding.
In reply to
Either we bounce off trend at $37k-$38k, or we dip deeper to do the longer ABC. Which, I’ll drive in again in tomorrows video.
Otherwise, today was a day of Bitcoin doing exactly what it’s done for 5-months. Following the script:
https://t.co/2w20HkTk8U
It’s actually pretty crazy…
Like clockwork, Bitcoin stays on schedule. https://t.co/9lOXGSJqjL
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