Carrying on from my last post at BCT on this issue.
Copy of the op-ed from SEC and CFTC heads, which is behind a paywall but you can read the entire thing linked below. Make sure you read the highlighted part of the following link to understand what is coming:
http://archive.is/9tuoa#selection-2283.1-2287.612
Also see this:
https://www.coindesk.com/sec-icos-nicolas-morgan-paul-hastings/
They will I bet later this year or next have a formula for pattern matching ERC-20 ICOs which are securities and these will be aggressively targeted including attacking trading platforms which host them.
My expectation is that the crypto winter will come when they begin the aggressive enforcement, because the international regulation is not yet coordinated enough for there to be global issuance of TAOs (refer to my past BCT posts for analysis of the legal clusterfucked, quick sand of global securities regulation):
https://www.coindesk.com/goodbye-icos-hello-taos-tokens-will-change-2018/
Again I reiterate that I think this Tulip Mania of unregulated ICOs is going to run to a nosebleed level of ~$40k – $100k for the BTC price after bottoming somewhere above $6000 (probably $7000 – $8000) sometime before May. If we dive below $6000 (or $7000 in April), then the crypto winter will likely be here now (which could mean no ATHs until 2 – 3 years hence). But I think this mania is just reloading right now and we’re not yet in the crypto winter crash:
https://www.theguardian.com/technology/2018/feb/02/bitcoin-bananacoin-prodeum-cryptocurrencies
https://techcrunch.com/2018/02/01/why-is-bitcoins-price-down/
The crypto winter regulation, potential SegWit theft megacrash, and Bitfinex+USDT (Tether) collapse is coming eventually but I think there’s far too many people scrambling to get on this current mania for it to stop here. Everyone I know has woken up about Bitcoin and cryptocurrencies. And the regulators aren’t coordinated enough yet globally and the SegWit donations to miners haven’t accumulated enough yet. This Wall of Worry is normal in at the base of the larger move of the phase transition.
Also see the regression-fit logarithmic chart analysis I discussed and linked to in my last few posts in the Martin Armstrong thread at BCT.
RE: Are Most Cryptocurrencies Doomed to Collapse — because they’re “ICO-issued”?