This has been my greatest fear.Russia, after china, is stopping crypto use, mining, etc..and as our democracies have decided to follow these role models in term of freedom lately, and often beat them flat, crypto days are counted imho..i mean btc, eth,etc
the reason I offloaded most and am not planning to add any moreThis has been my greatest fear.
This has been my greatest fear.
I will as it was the last attempt against the globalism plagueCan’t say I’d be sad to see the cryptos go to … zilch.
I will as it was the last attempt against the globalism plague
In the same way as "I am Novak and I am Charlie" Novak can be a jerk and Charlie hebdo was not greatest journalism..but they expressed aspiration of a bygone area and the dream of freedom from totalitarism
So did BTC initially
Definitively...Could it be possible that the very globalists that crypto was against made their profits and now with a controlled exit in the green are laughing and saying keep the bag suckers?
So, less supply temporarily, until they move somewhere else...Russia, after china, is stopping crypto use, mining, etc.
Are you sure about that?Can’t say I’d be sad to see the cryptos go to … zilch.
Possibly the case!Could it be possible that the very globalists that crypto was against made their profits and now with a controlled exit in the green are laughing and saying keep the bag suckers?
Therein lies the fundamental problem with it. As a currency it's far too volatile.Its a risk asset
Killed by its own success....in a world of illimited fiat money world wide, anything limited and in fashion becomes rare and valuable but we are not in a free economy, actually far from that capitalist pure dream.Therein lies the fundamental problem with it. As a currency it's far too volatile.
Yes China and Russia have a lot of money laundering going on (even at the very top level officials) which was supposed to be the main use BTC and Crypto in the early days anyways. Now their govs have to take action to clamp down as they risk losing control of the financial system if they let it continue.Killed by its own success....in a world of illimited fiat money world wide, anything limited and in fashion becomes rare and valuable but we are not in a free economy, actually far from that capitalist pure dream.
So government can switch on off the crypto currencies and they are doing it now.
Even the threat of doing that was creating huge fluctuations.now that actions are taken, it gets even more edgy.
China and Russia have some serious gold backing, and could create crypto gold Ruble/ Yuan.and these would become de facto the new refuge currencies.
BTC is already over there... obviously to save the planet and reduce CO2.. LoL
Its got nothing to do with TA now and more to do with FA, Fundamentals have changed with the FED tightening and risk assets like tech stocks selling off. FED is not just tapering +rate rising. They have also signalled that they plan to "reduce the balance sheet" == quantitative tightening!!One of the main problems I see with Crypto especially BTC is that it is a pure TA play with the occasional input from lunatics such as Elon Musk.
I have no idea like everyone else what manipulation aka shorting or buying Musk and other billionaires are up to at the moment but the chart below follows TA principles on trend and many patterns such as breaks in consolidation and descending triangles.
Who knows where it will end. I no longer have the speed nor wit to trade it. Good luck to all ASF members who can make a quid out of it.
View attachment 136341
gg
Seriously, down to 3200 and you are ok with that as $3200 is above protected level?So, if you're holding BTCUSD for the long term - nothing to worry about.
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