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05-21-2021, 07:11 PM #3991
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05-21-2021, 07:12 PM #3992
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05-21-2021, 07:36 PM #3993
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05-21-2021, 07:42 PM #3994
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05-21-2021, 07:45 PM #3995
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05-21-2021, 08:20 PM #3996
Meh just a bump in the road if they tried. The only thing they could do is put tremendous sell pressure on the market.
With Bitcoiners used to 90% crashes every cycle I'm not sure it would really matter in the long run. The data suggests there's an entire new set of holders every market cycle and long term holders accumulate more.
The lower the price goes the more people can accumulate greater amounts.
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05-21-2021, 08:22 PM #3997
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05-21-2021, 08:35 PM #3998
This doesn't feel fundamentally bearish to me tbh.
Yes it's short-term bearish, but nothing has fundamentally changed aside from a perfect storm of institutional phuckery, clickbait headlines, and Elon tweets lol.
I very well may eat my words but i've bought the dip and expect things to be more or less back to normal in 4-6 weeks.
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05-21-2021, 08:53 PM #3999
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05-21-2021, 09:22 PM #4000
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05-21-2021, 09:26 PM #4001
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05-21-2021, 09:27 PM #4002
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05-21-2021, 09:28 PM #4003
Fuk. Bad news. I really am hoping BTC just tanks and goes to hell.
If we're talking governments, China could buy up BTC like no one could imagine, but that would expose them as other governments could just ban bitcoin and use it as a weapon, essentially evaporating any gains China would have hoped for if BTC is only important/useful in China, and no where else...then they just spent money on an outdated/sluggish decentralized currency.
With that said, they've been trying to launch their own digital currency.
They've also been hoarding up gold like no one's business.
I figure they're waiting for the US collapse so they eventually become the standard, and have enough reserves to sell the yaun (digital or otherwise) world wide as the reserve currency.2014 Misc Resolution: Negging no pics (screen captures of text don't count as pics)
HairyWBush Reps for life - Hamster Compassion: https://forum.bodybuilding.com/showthread.php?t=181804893
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05-21-2021, 09:34 PM #4004
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05-21-2021, 09:46 PM #4005
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05-21-2021, 10:43 PM #4006
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05-21-2021, 10:57 PM #4007
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05-21-2021, 10:58 PM #4008
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05-21-2021, 10:59 PM #4009
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05-21-2021, 11:20 PM #4010
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05-21-2021, 11:30 PM #4011
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05-21-2021, 11:38 PM #4012
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05-22-2021, 12:27 AM #4013
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05-22-2021, 12:28 AM #4014
Sure, but I'm saying if it turns out that China is holding nearly all the bags, then the incentive is there to tank it, and use it as a weapon against China. BTC is meaningless if it's centralized within one nation.
At the end of the day, or at least for the time being, BTCs value is still pegged to fiat, no escaping that anytime soon, regardless of which companies accept BTC currently--they still peg the pricing to fiat. Fiat will always continue to be controlled by governments, and that's where they can make life difficult.
Either way, no way China/government is hoarding in any meaningful way, or with the intention of using it long term2014 Misc Resolution: Negging no pics (screen captures of text don't count as pics)
HairyWBush Reps for life - Hamster Compassion: https://forum.bodybuilding.com/showthread.php?t=181804893
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05-22-2021, 12:34 AM #4015
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05-22-2021, 12:36 AM #4016
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05-22-2021, 12:48 AM #4017
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05-22-2021, 12:51 AM #4018MR.PHF '09
“Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them.”- Don Quixote
''Damn right I like the life I live
'Cause I went from negative to positive
And it's all Good..."
"Friends come and go but Enemies Accumulate"
"Zero tolerance Crew" ZERO, NADA !!!!
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05-22-2021, 12:59 AM #4019
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05-22-2021, 01:40 AM #4020
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