this part makes no sense. first of all bitcoin is not like gold, stocks or real estate. you can't use any of those "assets" as payment, for example when you want to buy a cup of coffee but you can do it with bitcoin. and in your scenario when everyone has bitcoin they will be accepting it as payment.
when they keep printing money you shouldn't care anymore as you already have bitcoin that appreciates in price or keeps its purchase power.

what people are missing is that bitcoin has been growing all around the world but since the media always covers the BIG news that gives them most amount of visitors we only hear about those ones even if the news is fake like with China!
there are a lot of countries that have been silently adopting bitcoin, most of them with open arms but it is always people who are adopting bitcoin regardless of their government. and that the important thing, the rest is just drama.

if you see such big differences the first thing you should think about is whether there is anything wrong with that platform or the coin itself that has reached such a big percentage difference without anybody else doing anything about it.
it usually is the exchange having problems with deposits or the coin having problems like the shitcoins that get 51% attacked.

is this the gambler's way of panic selling?
the FUD and the Chinese could only pull the price down momentarily before it went back up again and is remaining up so far. i think next week we could be testing $40k again like we were doing for the past month and this time it has a high chance of actually breaking because of the fall that we had yesterday.

for as long as i can remember whenever bitcoin dropped all the altcoins (including ETH) got dumped a lot harder. it is because despite what some people may claim they never have any faith in the altcoins, they only thing EVERYONE has faith in is bitcoin so they always dump altcoins the first chance they get.

this is a very strange statement that surprised me after seeing an old user making it.
if anything the recent pattern solidified the next rise. if price were capable of such a huge fall yesterday when they were dumping it hard should have gone lower than $29k or at least lasted there for longer than an hour or so!

but when price jumped back up like a yo yo it indicated that price doesn't want to fall and $30k remains a very strong support.

to OP always remember that they are printing a TON of money specially during COVID time. there is no way to see any price decrease anywhere, in bitcoin, stocks, groceries, rent, utilities,... all are going up.

nobody said miners moving out of China is the FUD. the FUD part that causes panic is when they say that this migration is going to mess up bitcoin (they go as far as saying kill bitcoin) and saying it is a logical move to sell it!
and it is not just the FUD, we are talking about a bigger market manipulation at work with FUD on top. all the dumping that starts by the manipulators or the fake big sell walls that kept moving up as price kept rising.

the weak hands who are easily manipulated into selling their coins cheaper than their real value will never listed to you. they always panic sell then they start crying about it after some time. we are already $4000 above the bottom the manipulators took the price which is no joke. all those who sold in a panic are now panicking again but it takes them longer to FOMO buy.

it is sometimes so fun to watch the market and these manipulations LIVE.

for now it seems that market manipulators have failed at keeping the price at $28k-$29k since it bounced back up to $30900 with the fake sell walls they had has to be constantly moved higher each time price rises an gets closer to them.

edit: now reached $32000

i disagree with this part. you are seeing it as a support not being broken but i see it as a resistance not being broken and it seems like most people have been in the same boat although i have been buying bitcoin but they don't. instead people see the resistance (that is $40k) not breaking so they hesitate to buy.

the result is that the fiat holders are increasing.

if we check the recent dump we can clearly see that despite the huge manipulation and the panic sell that has been going on for the past 7-8 hours price is still barely below $30k. it proves that the "weak hands" who panic sold have not bought back and there is a massive amount of cash waiting on the sidelines right now waiting for a small signal to enter.

we can only predict normal market movements and logical human behavior which in turn affects the price. when everything is based on fear and lack of logic it is not possible to predict anything.

i have found that at times like this the best course of action is just watching the market with a bag of popcorn.

but we should expect that those who are already old in this market to know this and the market be mature enough that their panic sell doesn't cause big changes like we are seeing today.
are you suggesting that bitcoin market doesn't or cannot mature over time?

but there is no "Chinese" storyline, there is only a FUD storyline that is found on the internet.
the worst part is that this FUD not only contradicts the previous FUDs but also if we accept the previous FUD (China controls bitcoin) then this new FUD is a bullish sign because it negates the previous one and means more decentralization of bitcoin!
now you tell my why do people sell when they see a bullish sign?

"they" aren't doing it since the FUD we read is in English written by people who aren't even Chinese or care about what is really happening in China. for example when you go on reddit or twitter those people spreading the FUD on these platforms aren't from China. or if you look at Coinbase for example those manipulating the market and dumping aren't Chinese.
this is why even if China some day banned bitcoin for real nothing about manipulation is going to change since manipulators aren't from China. they've just created something big and scary and have been using it for years with surprising success.

we have seen the same FUD that has been spread over the past month for the past years too. they don't even change the contents or make any new effort, it is all the same and yet people react to it the same exact way by handing over their bitcoins to whales.

i am wondering how many more times are we going to see the same "China banned bitcoin" FUD before people stop reacting to it?
or is the market cursed and for the next 100 years we are going to see China ban bitcoin every year and people panic sell how many times can a country ban bitcoin anyways?

this is not a crash anymore. this is more of a struggle before the launch.
apart from the fact that today's price is 3 times higher then the price of last year, the recent drop that bitcoin experienced that has brought its price to $30k to $40k range has also got it stuck in this range without any more rises or falls outside of it.

in any case if you want to look at the bright side then see how the altcoins that were pumped got dumped hard which is a good thing to keep the market healthy by preventing the altcoin pumpers from taking newbies money.

China used to be big and now China in all 3 points is among the small countries. for example there are mining farms in China but there are bigger ones elsewhere and their total hashrate is very small compared to 6 years ago. same with their exchanges and the trading volume, the exchanges migrated to other jurisdictions and then their fake volume went away.

maybe apart from El Salvador i don't know any country that lets you do that!

this didn't work out the way i expected it to and my initial speculation about a FOMO after Taproot activation as we now know was wrong. there was only a small FOMO (if we can call it that) which couldn't last long enough to break the resistance and head for $70k.

watching things closely to see if next attempt succeeds.

yes it is and very easily too.
nowadays there are a lot of people who are too blinded by the bitcoin price rise or its recent fall that they forgot to learn how things work before they jumped on board. these people usually become victims of fake wallets, phishing scams, or generally get hacked and lose all their money.

from your post it seems like you are too focused on the price also, you may already be a victim like that specially since you seem to be too busy applying for different signature campaigns.

as i said in first post i am not doing arbitrage with bitcoin and just wanted to know what those who do think about this kind of difference since i saw it exist for over an hour that day without anybody taking advantage.

trading is always risky, arbitrage even more. but the biggest risk is the lack of liquidity in my opinion as with altcoins that their price can change easily or if you wanted to dump your amount you'll get stuck because nobody is there to buy it from you.
you also don't have to transfer funds, you can have some balance on both places and use those. besides it would be selling bitcoin at higher price in bitcoin exchange then transferring USDT to Binance which is quick and then dumping it for more bitcoin.

this is when i wish exchanges were accepting lightning network payments because it would have become instant.