Stockholm Syndrome In Jaycees A Stolen Life
The Bankers Are Coming!
Information
And, in the past, I had a lot more sympathy for that perspective than I do now. Then Turkey announced it would, like India, that it would ban the use of cryptocurrencies as payments on Friday.
At nearly the same time, however, China announced it was allowing Chinese banks to import up to tonnes of gold for retail distribution for the first time since This was simply another counter-move to the ones made against the cryptocurrency markets. Gold is an asset the central banks control most of the supply of. Bitcoin is the opposite, an asset the central banks presumably control none of. So, when Stlckholm your eye around the market landscape who are the people, other than the bitter gold-only bugs, most bearish about bitcoin and cryptocurrencies?
Related To This Story
At a minimum, many pros are simply waiting for a real correction they can get behind to finally take the plunge. But bull markets, real bull markets, are brutal to people who refuse to get on board and the longer it goes on the more strident in their opposition they become. Hence the constant sniping and backbiting by people who should know better amplifying the truly clueless takes on the situation. Thanks to the Chinese on Friday a simultaneous wipeout of both gold and bitcoin was avoided with gold breaking out and bitcoin mostly holding serve, throwing no technically significant bearish signals into the weekly close.
Categories
Averting a weekly close above the March high helped set up what happened on Sunday early morning. These attacks were honestly not terribly successful until a series of uncorroborated rumors of the SEC going after Bitcoin account holders for money laundering emerged on Twitter this weekend. Then there were the blackouts in China which took a huge amount of hashing power offline for a few hours this weekend.
:max_bytes(150000):strip_icc()/GettyImages-514886404-5c06c4a646e0fb00019c5d27.jpg "Stockholm Syndrome In Jaycees A Stolen Life")
I go to sleep and everything is fine and I wake up the next morning and bitcoin is off some amount. Saturday nights in Bitcoin have become like Monday mornings in Gold used to be.]
Excellent idea
The question is interesting, I too will take part in discussion.
Now all became clear, many thanks for an explanation.
I think, that you are not right. I can prove it.