Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??
 

What in my opinion results from everything China does is that they want to have world attention, they want the world to revolve around them, since the pandemic that came from there has monopolized all the attention, and it is normal, if we take taking into account that after the Second World War there has always been the hegemony of the US dollar, the Chinese have always wanted to dominate the world widely in every way.

 When they talked about the prohibition of crypto, mining, in 2018 it did give a great bearish impact to the market, now in 2021 where it is known that the best world economy is China, because they are the only ones that are very stable economically, want to have control, hegemony and attention for them, it is for this reason that any Chinese attack on bitcoin and cryptocurrencies no longer has any impact, firstly because it is a government that does it, and if we take into account the irreverence of people towards it. government, the dynasties in 2021 no longer have an effect on humanity or money.

Next week, these oil price hikes will come to take effect on our country. It's the highest it has been for this year, and I think I might have to drop the car for the mean time and just use my bike to work.

Electric vehicles are also not a thing here in the country, and we still have very vague and crude registration rules and guidelines on electric vehicles.

I find it illogical that we have all this tech and advancements in the world yet we still are stuck with fossil fuels. There are tons of other energy sources to choose from yet we still insist drilling the earth and looking for some long dead plants/animals/whatever fossilized and extracting them for energy. Even if that's the case, I'm still happy that other parts of the world are already shifting away from traditional gas vehicles, and switching over to EVs. At the least, we are seeing some small changes, but in this day and age we should have shifted to EVs for a long time now.

I believe the company could still go bankrupt, and CCP should just finish the job and give everyone the houses. I hate companies getting away with stuff and by the looks of it even in a communist dictatorship there could be a bailout, which is not good at all. I hate companies getting away with stuff and people are getting nothing in return.

So, the best way to handle this would be giving everyone the houses they paid for, even if they paid less than what they should so far and not the whole thing, just give people the houses because that is already a good thing for the public, and then let the company bankrupt, call it even and not ask for more debt from the owners. That way you have a company that got away with being bad without paying any debt, a public that has a lot more people with houses and a government that would be applauded for doing it.

Yep. In fact, Evergrande is too big to fail, indeed, and CCP  knows it. And printing Yuan more than usually maybe will not be necessary. I mean, they are printing it all the time, and in a country that big, it goes almost unnoticeable. That's how people close to power become billionaires in such regimes: they convert newly printed local money to hard currencies before the exchange rate will start declining.

Yes all of us does not want to become empty handed. Yes buy low, sell high. Simple but difficult especially to beginners because the time to enter and exit the market is not easy to determine. Anyway, I have checked bitcoin price yesterday and I notice that the price is good and is high. For those who bought last bitcoin last month, and still holding right now, congratulations you already gain profit. I hope bitcoin price continue to go up high until the end of this year.

Obviously it's a great move for Bitcoin but I think price will drop again before ending this year. There will be a chance again to fill our portfolio. I hope we'll be able to see a new ATH for Bitcoin at the beginning of next year.

there are sites like 1ml.com or amboss.space. but the problem with these statistics is, that they are always wrong in telling you how much the actual usage is, cause by design no one knows how much a channel is actually used (except the two parties who opened the channel of course)

as far as adaption goes, you could look into el salvador. they adopted bitcoin as legal tender and are using the lightning network (besides onchain payments). mcdonalds and burger king (just to name two unhealthy but known businesses...  ) and others accept payments over lightning now

damn, n0nce was faster...

Do you think OP leave without having an idea what is the real value of bitcoin?

If there is a domino effect, then the Chinese government will certainly put up a bailout umbrella if it has not already been activated. Evergrande has 300 billion in debt, according to official figures. Part of this can certainly be covered by the assets. The rest would then be no problem for the government to settle. In Europe, there was a much larger bailout in 2010-2014. The problem is rather the shadow banking system, where nobody knows who is involved and whether the debts are in reality much higher. A comparison with Lehman is wrong in my opinion, because the situation is different.

Now we all have seen that Bitcoin reacted really well to the recent events, especially China's cryptos ban and Evergrande's crisis.

you seem to be not up-to-date. although you're right, the cryptocurrency community probably wants something else like gambling, lying, loosing money and so on

No, that's wrong. Everyone wants or will want it, since it allows them to send BTC faster and cheaper. It certainly took many years to get to a well-working state; remember how just few years ago, everyone who was actually using it on mainnet was in the 'reckless club' and expecting to lose some funds sooner or later
It's technologically quite tricky and the protocol and implementation had to be thoroughly thought through and tested before the large audience could be tackled. It hasn't been until very recently that LN was really marketed towards the average Joe, so I am sure adoption will rise exponentially.

Merchants and services do usually offer Lightning; it's made very easy through software like https://btcpayserver.org/.
Exchanges not yet; I suspect to collect more fees. Especially when we see exchanges charging 25 bucks to withdraw BTC, while a 1sat/vB tx costs 0.08€ to send, it becomes clear they are making big gains on those withdrawals. If people ask, they just point to BTC and say it's because BTC is just so expensive to send, while it's not actually true.
They also simply don't actually want people to withdraw, because then people trade more, thus paying more fees to the exchange. And of course if holding custody of peoples' keys, the exchange can do an exit scam at any time. Finally, LN makes it easy and cheap to withdraw; both of which are quite bad for exchanges and also i.e. gambling sites.

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Btw, with recent price movements... which ranges would we say to be favorites to win this game?



[moderator's note: consecutive posts merged]

Agree, whether choosing a high or low margin, mostly stop loss is a rare occurrence while burning and liquidation of the entire account is the more received message because at high margin, liquidation is very fast and most participants do very little calculation of their position, almost consider the amount as a tuition for fun and entertainment. For low margin, subjectivity is a bad side but also a good side, good here includes in position and psychology, few people think that position can be burned but the accident does not spare anyone, such a low is also stuck with an extremely long pillar on the candlestick chart, betray our prediction

High leverage is highly risky, but your comment is opposed to 1x leverage which means no leverage, you will be able to go short or long but with your own funds. But leveraging is what is risky. But the reason many people are trading on future trading is because they want to leverage which is highly risky.

Say it.