Hey All;
I guess most of you must be aware of the recent news where SEC has filed suit against LBRY. The jest of the news is that - SEC is suing LBRY Inc and is saying LBC Coin is a security - & whereas it’s not! For more detailed information around the news and how you can help visit -helplbrysavecrypto
SEC had done the same with Ripple & its XRP token and now they are against LBRY and its token LBC. I don't understand why are all the governments across the globe after blockchain technologies. It's our hard-earned money and we know what's good for us and where to invest and where not. So, please don't tell us that blockchain technologies don't have utility and other excuses like money being used for money laundering and all that blah blah excuses..
Blockchain & CryptoCurrency is Inevitable
People/Companies who scam banks/governments for Millions/Billions of Dollars are let free.. Why aren't you the government catching them and suing similar companies that are doing scams? Please bring that all money back to the public first and then think twice before accusing someone else. Companies like LBRY Inc and similar in the blockchain space are trying to revolutionize technologies and bring the best in the interest of the people all over the world. Instead of helping and promoting the technologies; it's a shame that governments are penalizing them. Anyways whatever you may do but Remember one thing Blockchain and CryptoCurrency is inevitable; it's just a matter of time & hurdles like these aren't going to stop cryptocurrencies to emerge and prove that they really have many use cases.
LBC Price Chart
As soon this SEC suit news came out; there was panic selling by many of the token HOLDers. The price of LBC did go below $0.20 cents as well. But then it did bounce back and is again trading range-bound between $0.25 - $0.30 cents.
Frankly speaking, when I came to know about news about the SEC suit to LBRY Inc; I was thinking that the price may tank badly & may even go further down to $0.10 cents. Thankfully it didn't go that much down and every time the price of LBC went down it immediately bounced back to the price where it was trading at.
HODL Your LBCs tokens Don't Panic Sell..
I've been on the LBRY/Odysee platform for almost 1.5 years now. Most of my STEEM was sold to buy LBC coin. I had done many posts here on the leofinance community as well indicating that it's a good platform to invest iN. - LBC [LBRY Credits] is on Rise Up 20+% - A Project to Invest IN - My Reasons...
Watch on LBRY.tv; The Platform; LBC Its Currency & Some Random Thoughts
LBRY.tv; The Platform; LBC Its Currency & Some Random Thoughts...
Long story short; I'm a strong believer in the project LBRY.tv and its coin LBC.. the product has a real use case. From Freedom to Speech, censorship-resistant to leveraging the Blockchain technology LBRY Credits/Odysee is the one-stop platform for all your digital content library. I started investing in the project when the LBC coin was trading at $0.02 cents and since then have been earning LBCs via posting content on LBRY.tv/Odysee
News like these are just to distract and as I said earlier - Blockchain & CryptoCurrency is Inevitable. Therefore; when you believe in a project and know where its heading you don't need to worry about anything - Simply just HODL & when the right time comes; Enjoy what you have reaped... thus far...
#LBC isn't Going AnyWhere... iTs there to Stay...
Have Your Say...
Did you sell your LBC coins when this news broke out? What are your thoughts on this suit from SEC on LBRY Inc?
Best Regards
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PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I have an interest in the LBC coin & am HOLDing the token..
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