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Thanx, will keep a close eye
21st of may is the next hearing
Your WelcomeThanx, will keep a close eye
Pfft. Riot's down 67% and down another 10% premarket. I might actually buy some on this dip.Wow BTC now down 13%, almost 33% down from the peak....
Edit: looks like the PBOC doesn't want Bitcoin to be used for goods and services either....
Central Bank of China Bans Crypto Trading For Institutions and Businesses
Three associates of the People's Bank of China (PBOC), the Chinese central bank has issued a document prohibiting institutions and businesses fromcoingape.com
Bitcoin directly or just anything effected by it?Can one short bitcoin?
How does one go about it if so.?
gg
Pfft. Riot's down 67% and down another 10% premarket. I might actually buy some on this dip.
Bitcoin directly or just anything effected by it?
There's some pretty serious contagion going on giving you myriad opportunities to short the **** out of anything linked to it (you can obviously see my stock of choice)
For anyone who has followed the cryptocurrency scene for a while the events of recent weeks are a familiar story.
Some random event - say a tweet from Elon Musk announcing Tesla will accept cryptocurrency payments - sends Bitcoin to new highs, and people begin to say it's winning mainstream acceptance.
Then another random event happens, perhaps a change of course from the Tesla tycoon. It comes tumbling down again, and talk of it going mainstream fades into the background.
Last month, in a chatroom on Clubhouse (another phenomenon that seems to be swinging from boom to bust) I expressed some scepticism about crypto-currencies.
Up popped a senior figure from London's thriving fintech scene: "Rory, Rory," he chided me, "crypto is becoming an accepted asset class".
With big City institutions taking an interest, that had a ring of truth - back in April at least.
But this week the weather had changed with the Financial Times reporting "new doubts among institutional fund managers over the future of crypto-currencies as an asset class".
My mind went back to 2013 when I had first taken an interest in Bitcoin. In a report for Radio 4's PM programme I had bought a pizza for 0.5 BTC, a tortuous process which had not seemed worth the £30 it cost back then - of course at today's exchange rate that was a £14,000 pizza.
I had also written a blog post headlined "The Bitcoin Bubble", in which I tried to mine some lessons from a period when the price of the cryptocurrency shot up from $15 to $276 and then hurtled lower again.
I ended a piece in which I compared the cryptocurrency with 17th century Dutch tulips or London houses in the 1980s with this thought:
"Unless and until Bitcoin can be used to buy a sandwich, or be accepted by your friends when you pay them back for a restaurant meal, then it is likely to remain just a playground for geeks and gamblers."
Eight years on it is still virtually impossible to buy a sandwich with Bitcoin - or a pizza, despite a move by one booster to set up a Bitcoin pizza chain.
And why would you want to when there's a good chance you'll be mocked a few years later - as I've been for my transaction - for giving away an asset that goes on to soar in value?
Agreed, we should get a direction soon... Interestingly the NASDAQ broke through 13000 support at the same time... They seem to be correlated, at least for now.This my opinion only, but all my charting, trading and life experience ( gg being greedy and gg being fearful ) tells me that BCN will drop below $US 34,000 and go further to $US 24,000 or $US 14,000 within the next week.
This is TA 101. Lower highs lower lows = Downtrend. Expect a similar fall or 50% of a fall with each major $ point reached. 54-34-24-14.
gg
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All the BTC traders are still abed.think it's gonna rise from here ,anyone?
"price specific" thread
nice
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