They (our local idiots) don't see the bigger picture yet. China will become quite a challenge, not only for the dollar, on the other hand there are implicit counter-dynamics developing, like the upcoming fail of the one-child strategy. It will stay interesting with China, and unlike in the past, nations dealing with China better think ahead of time to not get played out.
We're like a bag full of weaknesses for them, imho. Their global acting is mirroring that kind of sentiment.

*Edits in boldface

Interesting, indeed.
China gave miners and traders two months time to tear down their crypto businesses, or it's going to jail for them, according to unofficial (chinese) source.
I wouldn't be too surprised if the dumping goes on until two months after the chinese mining ban announcement.

EDIT:
China was early in the game, so 4-figures are rumored by some. Too bad i can't read chinese and my hongkong buddie is occupied by working like a dog to keep his job at his US-based business office (building).

I think this is all china.
Chinese whales and miners finally loading off 

I'm curious if this is the bottom.
proudhon, don't do it 

Avoid sunglasses, it seems (according to some research material i can't find right now) that if you wear sunglasses, the skin is producing way less VitD from sunlight.
Can't hurt, but beware of large reflecting surfaces, like lakes, the sea or deserts.

The right to click "ignore" is sufficient for me.

As for the El Salvador - IMF brawl that's on the horizon:

Q: How do you tell the pioneer from the infantryman after a battle?
A: The pioneer is the one with the bullet(s) in the back  

Ready for witnessing an epic fight. I hope it will be short and painless (for bitcoin, of course).

Only real men are able to cry anytime.

Pulling back would surely hurt, see Tesla for a recent reference.
Pushing through might work. If they just play these odds, there's only one answer.

EDIT: Engaging #hodlsleep in 3... 2... 1...

Likely some investors putting money off the table until things are sorted out, politics wise.
But what can the US do other than spread the usual FUD (money laundering and financing for terrorists) and start sanctioning ES?
If Bitcoin works for ES, it might trigger an avalanche of adoption. As a poor country, what do you have to lose? Keep watching the slow grind down of your economy?
It's fatal to wait in critical situations. You have to decide to move things towards a solution.


I think market stability is counting more than optimistic outlook. And this time it's uncertainty, because of lack of experience of how things usually turn out in a specific situation. The money will likely come in later again, anyway.

stay focused 
click ignore 

conclusion: stack sats, not sacks 

Got stuck a little...

That dump was quick.
Surprise, surprise...

Because it never did, right?  

What if the bears prematurely shot their powder before the cycle top and there is only to go up, weeks, maybe months ahead from now because of global adoption (simply spoken, for lack of time)? At least not as strong and long lasting bear cycles.
Nobody was rewarded with huge gains by being impatient with Bitcoin, afaik.

Since hedge funds are in the game now as well, this would suit them. This level of accumulation might get filthy at times.
Just my 2c

Just got notified someone tried to recover one of gmail accounts (without password)
thanks ledger  
I'm quite secure in this case, but it's annoying AF.
If i forgot to mention this in the past, ledger confirmed the deletion of all my data about 6 weeks after i sent them my request email.


EDIT: Hey, PPL, i'm a Hero member now!  

Thanks for all the sMerit  
#honomo

Elon is just a freak with a shitload of personal problems.
He's a child, not in a good way, but narcissistic and irresponsible.
With a side glance to Greta...

Btw, i don't think his broken heart tweet was the root cause for the dip(s) today, so i don't even blame him for that, opposed to half of crypto-twitter. But he has an impact. I don't want to know how many get-rich-or-die-trying X-sters go all in on 100x leverage on every token mr. musk shills.
They all got musked in their virgin asses 

^
Well, JJG, i keep two kind of holdings. One is for strict hodling, while two is on exchanges. Of course, two is much smaller, while one is on a cold storage since 2017. My wife also has a cold storage (managed by me) and she never cashed out so far. The thing is this: The majority of stash one was bought at below $7k prices. I always buy when i can afford it, money or bitcoin go straight to the exchange(s). If it exceeds a certain treshold, i send some to the cold wallet. I only cash out from the exchanges. Over time, and while BTC was rising in price, the bought amounts got smaller and smaller, that's what also kept the average price down more, but it (the average) surely is a little higher now.
In essence: Lower prices mean more corn to buy for me, keeps the average a little lower, too. I remember buying after the covid dip and shortly after the mindrust dip as well, both were below $7k iirc, bought way less subsequently, when prices were higher. The most recent buys were a bit higher priced, but i managed to grow the exchange stash (two) by trading a part of it with various shitcoins, which i like to do sometimes on short timeframes. With timing and humbleness, some 100-200% gains were possible with small parts of the small stash.
Main goal is to keep stash one growing. Wifey just kinda replaced her savings account for a hardware wallet and adds from time to time, without even knowing the price. She's only asking me a few times a year "how much bitcoin do i have, and how much is it worth?".

It's being late, i worked my ass off the last few days, i'm tired but i hope my explanations still make some sense  
Good night!

EDIT: If you remember my goal, "one btc per family member" - and i'm not even half way there, so my holdings aren't quite as big as many might think. OpSec, yeah, i won't give away details about my private data, at least the parts that would somebody allow to reveal my name, address or such, but i'm quite talkative about the (unimportant) thingies of my daily life.

Nice end of day. Veekay placed 8th, no crash.
And number going up, yo 

This might have been the correction already.
Have a good #hodlsleep!

 

OT: Palou's pitstops are fucking fast. Huge advantages there. He might run for the Lightning network next season...  

*edited out some eerorz

EDIT: Gotta run, start pre-painting some drywall. I hope i won't miss the end of the race.

Thanks, bud.

Veekay seems to be the (EDIT: one of the) best race driver(s) in the field, but loses much time on every pitstop, compared to the competitors.
I hold my thumbs that he stays in the race until finish, he seems to have real chances to win this thing.

GO BITCOINcar GO!