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Good to see a big name taking advantage of the ongoing Bitcoin price dip. In fact, I would say that this is one of the best times to get into Bitcoin as it is now having a good chance of reversing the downtrend of the price. I am hoping that this can be sending signal to other institutional investors to open up their wallets so they can acquire more BTC at a good price.
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I understand that it is kinda frustrating that Bitcoin is lumped with other assets which are the dominant force in the general marketplace. We are, of course, expecting that Bitcoin will have its own world like a bubble that will not be affected to the ups and downs of other assets in the market but no it is not behaving that way...and one big reason is that hot money has entered into Bitcoin and there is nothing we can do to stop them to take Bitcoin too...and in fact it was a big dream come true for many when big investors took notice of Bitcoin adding like a stamp of approval to the coin...though in anything there is always that good and the bad sides of things.
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Oh wow...can this be a big news for the crypto world...a new platform to collapse in this dread days of the crypto winter period? I am not having the details on this latest drama but on the face of it this looks another reason why people should never trust programs that are really too good to be true because eventually there will always be a time of reckoning...and of course anything that has something to do with Roger Ver should be avoided at all cost.
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As a whole, miners can be acting as whales and can therefore be influencing the price direction of Bitcoin in the market. However, we have to note that we are talking here of miners from different geographic location and so many of them are doing business without necessary being connected with other miners and so yeah they are doing their business as standalone...so they can be acting differently under many circumstances. And because they are doing business, it is just natural that miners can be selling the coins they mined from time to time...nobody can stop them from doing so.
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As the official King of Cryptos, Bitcoin has come a long way starting from almost nothing to where it is now and despite the ongoing red color of the market and subsequent falling down of the USD value of the coin there is no question that it is still the most viable cryptocurrency out there bar none and once the bullishness can be back we will definitely be on the road to great surprises as well. never mind all the naysayers and those proclaiming that Bitcoin is dead...soon they will be silenced and be shifting their attracts on other matters about Bitcoin. So why is it that many people still prefer to be holding "shitty' digital assets...one reason is that many people are looking for one that can be making x10 or even x100 and they know they can't find that with Bitcoin.
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I am excited to hear a politician talking that way about Bitcoin and cryptocurrency in general. The man has some good understanding of this fledging industry and how it can be a good opportunity for his country too. I am looking forward how this so-called "soft regulation" will really be materializing and how it would affect the crypto industry. As for me, there is really no stopping for many big and important countries to do some regulations on Bitcoin and other digital assets...this is not anymore a question of IF but of WHEN and HOW.
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Surely, Bitcoin in particular and the crypto industry in general is into seasons...and when we say season it means that one season will not last as there will always be a new one coming soon. When there is the bull season, it will never last so we can expect the bears to be coming in when given the chance to do so. Long-time holders of any digital asset including BTC am sure got the full understanding of this seasonal changes affecting all of us here. People who are just new to the crypto industry should educate themselves and not just be pushed by hypes and half-truths of the whole matter so they can be better equipped to react well to developments in the market.
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Personally, I would like to see Bitcoin on the level of the real gold which is actually one of the most important reserve asset one country can hold especially in the face of the changing global economy we have right now which in the next few months can be exposing weakly managed economies as we are seeing it unfold in Sri Lanka. But reality bites. As for Bitcoin, I think that we can now rule away any chance for any other central bank to be taking in Bitcoin as a global reserve. Such a risk due to extreme volatility is not something a country can easily handle. Countries are always looking for stability...which Bitcoin could never offer as of the moment. Now, some may disagree with me on this point but I think what we are seeing right now is the best example why no central bank will soon be picking up Bitcoin...many would rather prefer the real gold.
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Proof of authentication:- Email: airdropgiveme@gmail.com- BSC (bep 20) address: 0xEF4e948fb2881c26b2ECc9f765BF7DF3408423db - Telegram Username: @DakoCoin - Campaigns applied for: Signature, Twitter, Telegram, Medium
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Judging on what I am seeing right now, this is just another scam or Ponzi project that is using the popular name of Bitcoin so it can be victimizing as many people as possible out of their $250 capital promised to be creating millions - yes millions of digital bubble until the program will collapse. Nothing new here, the same scam strategy and technique though it is not adding AI to the mix so it can fool more. As one of the many victims of Ponzi schemes, I can easily smell something fishy in this program. We should run away to the mountains and hide in there if Bitcoin Rejoin comes near to us. We must always be careful.
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This is good news for Bitcoin though I am just hoping that there can be more and more patrons to be using these ATMs because at the end of the day if those machines will never be making some good money for operators then they will slowly be withdrawn from the market. Here in my own country, I still have to see a number of these machines and it can be because there is no market for it right now.
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I really don't understand what can be the very reason why China would still allot some time and resources just to make a statement like that. They already kicked Bitcoin out of China so why still wade into it. Can it because they know that the government of China has not actually stamped out Bitcoin from the people...meaning that there still some number of Chinese who continually believe and hold Bitcoin? Frankly speaking, I am also getting discouraged with Bitcoin but if I have the money to do so maybe I would be buying more BTC because with this statement coming from China the opposite is actually coming: BTC will soon be gaining grounds and not grind to zero!
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As to Bitcoin, there seems to be a growing concern that soon it can go less than $10K so we should not be wondering if miners are selling their hoards of the coin at the prevailing rate. Of course, this is can cause more pressures on BTC to go down...and there is nothing we can do about it. In 2017-2018 the same thing happened but this time it can be bloodier...and we are now seeing many "pretending to be strong' crypto-base platforms getting killed one by one. We are expecting more bad news on crypto because as the global economy is tethering towards great bad changes, the crypto industry is acting like its mirror instead of offering a good alternative - a big failure in my opinion.
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