General Discussion, page-19

Howdy Holders and Observers,

Another crypto hack over the weekend - $20 million - Pickle Finance - Investors lose 50% - good luck getting that back

Put that with late October's hack - Harvest Finance - $24 million - investors lose 58% in minutes - $1 million bounty offered by Harvest after first claiming they know the hackers identity then conceding they don't - then offering $100k reward - then offering $400k - now $1m......... No word yet on any compensation to holders from Harvest. I've been watching this one because I'm not entirely sure that the attacker has broken any laws. Couple that with the company tweeting:

Like other recent flash loan attacks, the attacker sent back $2,478,549.94 to the deployer in the form of USDT and USDC.This will be distributed to the affected depositors pro-rata using a snapshot— Harvest Finance (@harvest_finance) October 26, 2020

Aaw - How nice of them

For the attacker: you've proven your point, if you can return the funds to the users, it would be greatly appreciated by the community, including many bystanders watching DeFi from afar— Harvest Finance (@harvest_finance) October 26, 2020

Can we have the rest back too please? Please indeed

Harvest Finance only began trading FARM tokens 1/09/20........

______________________________________________________________________________________

But wait.

Is regulation on the way? - 19/11/20

• SEC announces that Bitcoin will be regulated like a payment method.
• SEC chairman Jay Clayton announced that Bitcoin should be treated as a payment mechanism or store of value on CNBC.
• The move should ensure that Bitcoin receives more regulation as it grows in popularity.

And then........ 2 days later - 22/11/20

• Jay Clayton to resign as SEC Chairman by the end of the year

• The commission under his watch was able to bring innovative development to its operation

Jay Clayton has announced his decision to resign from his position as the Chairman of the US Securities and Exchange Commission (SEC). He made it known that he would be vacating the office by the end of the year.

Clayton, who still had over 5 months left before his tenure was to end, declared that he was proud of the work he has been able to carry out with the SEC team.

_________________________________________________________________________________________

And now there are quite a few articles being published about "Technical Risks", "Bitcoin needs retrace to advance further" "Charts showing sell signals after nine green candles" etc etc

_________________________________________________________________________________________

Hypothetical - You've made 150% after reallocating your capital into crypto. You sense it is near it's peak. Where can you put your profits prior to retrace? Maybe somewhere oversold?

Personally I think our sector will see some crypto profits flowing back on the basis of down risking whilst retaining protection from fiat degradation.

Here's hoping CMM gains >5% this week

This is not financial advice

GLTAH