Biodom
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Activity: 3920
Merit: 4430
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June 08, 2021, 07:49:39 PM |
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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). If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it. China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan. Bitcoin and dollar do not really compete (not yet).
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Biodom
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Activity: 3920
Merit: 4430
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June 08, 2021, 07:51:55 PM |
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El Salvador gives us a preview of the next cycle or countries buying BTC. 2013 - geeks, 2017 - retail, 2021 - institutions, 2025 - countries! it does not...for that we need to see countries like Denmark, Netherlands or even better, Switzerland, doing the same.
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JimboToronto
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Activity: 4172
Merit: 4816
You're never too old to think young.
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I’m all in and all of it is in cold storage
That is the way…
This is investment advice
Cheers
Been that way for years. Not your keys not your coins. Create your own offline addresses. Even hardware wallets can be compromised.
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Richy_T
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Activity: 2590
Merit: 2271
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 08, 2021, 07:56:15 PM |
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If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it. China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan. Bitcoin and dollar do not really compete (not yet).
Bitcoin and bitcoin mining in particular is bringing huge amounts of wealth into the CCP currently (I'm surprised that that isn't used as more of an attack, in fact). Whatever they do publicly, this has to be borne in mind when evaluating the likelyhood of it being true. As to replacing the dollar, yes. Not sure if it will be their own deal or some BRICS concoction. Depends how much clout they feel they have, I suppose.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 08, 2021, 08:01:35 PM |
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cAPSLOCK
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Activity: 3808
Merit: 5244
Maybe the Mars is the future!
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I’m all in and all of it is in cold storage
That is the way…
This is investment advice
Cheers
Been that way for years. Not your keys not your coins. Create your own offline addresses. Even hardware wallets can be compromised. Quoted for truth. It is a thing of beauty to set up a simple watch only wallet on your PC based from a seed generated safely. It's those last 3 words that are the tricky bit though.
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Gyrsur
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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Super Bullish. Hedgeye more sophisticated than Schiff or Krugman, but just about as reliable a inverse indicator. I have to say that my intention was not to bring "Hedgeye" in a bad light. Sorry for that! I just "improved" the pic a bit. Original:
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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June 08, 2021, 08:15:20 PM |
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OutOfMemory
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Activity: 1708
Merit: 3414
Man who stares at charts (and stars, too...)
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June 08, 2021, 08:20:37 PM |
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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). If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it. China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan. Bitcoin and dollar do not really compete (not yet). 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
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sirazimuth
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Activity: 3514
Merit: 3613
born once atheist
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.....
I'm putting this trash on my ignore list for it is just waste of space. It is the only one on my ignore list currently!
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serveria.com
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Activity: 2394
Merit: 1191
Privacy Servers. Since 2009.
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June 08, 2021, 08:26:08 PM |
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$40k by the end of the week...
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OutOfMemory
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Activity: 1708
Merit: 3414
Man who stares at charts (and stars, too...)
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June 08, 2021, 08:32:13 PM |
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Is there a candle growing atm? against bigger sell orders evenly spaced at $200 intervals.
EDIT: changed. Orders fluctuating. Movement. up or down?
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Gyrsur
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Activity: 2856
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Bitcoin Legal Tender Countries: 2 of 206
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June 08, 2021, 08:36:12 PM |
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I can see lots of Buy Limit orders placed in the green zone every time we will touch this zone again. Sell Market orders must eat them if they want to break through. EDIT: If this will happen Volume will tell the truth whether I was right or not.
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becoin
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Activity: 3431
Merit: 1233
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June 08, 2021, 08:36:42 PM |
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Who sold at the bottom?
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OutOfMemory
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Activity: 1708
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Man who stares at charts (and stars, too...)
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June 08, 2021, 08:38:45 PM |
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I can see lots of Buy Limit orders placed in the green zone every time we will touch this zone again. Sell Market orders must eat them if they want to break through. Aint goin' to happen much with this low volume.
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Gyrsur
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Activity: 2856
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Bitcoin Legal Tender Countries: 2 of 206
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I can see lots of Buy Limit orders placed in the green zone every time we will touch this zone again. Sell Market orders must eat them if they want to break through. Aint goin' to happen much with this low volume. The Manipulator is smart enough to launch new China FUD again. Expect him like a Chinese Ninja in the night. EDIT: Q: Is there a Chinese equivalent of a Japanese ninja? A: Yes, in the Ming dynasty, a secret goverment agency which named “Jin Yi Wei” had a lot of guys who is equivalent of Japanese ninjia.
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OutOfMemory
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Activity: 1708
Merit: 3414
Man who stares at charts (and stars, too...)
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June 08, 2021, 08:53:11 PM |
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wise words, Gyrsur.
Stamp has almost touched the hundred below $34k already. So tired, would like to continue observing, but sleep wins tonight.
Good'nite
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Gyrsur
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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June 08, 2021, 08:59:32 PM |
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