Nothing happens in china by regular people. It's just not how things work there. Nothing can be kept a secret, so it's better to cut in the bosses and have them look out for you/ and what is now their interests.
Its the mafia model as the government. Nothing happens without them knowing and nearly everything is allowed as long as you pay up and they get their cut.
This can happen if a large enough holder strategically uses their holdings to cause a cascade of deleveraging events. Many people are in on margin and don't have an option to sell if the call from the manager comes in.
Lets be completely honest about the holdings of BTC - the CCP was BTC mining champs from 11-17, they were the most likely culprit in mtgox hack, and the most likely culprit in the recent ledger hack. They have coins.
You are right though, there will be no where to jump to. Their intention isn't to allow americans or westerners to buy into the digital yuan. Their intention is to break us.
unfortunately the whole world does washed through production of cheap commodities
Yeah agreed ancient whales are def still present and a factor.
Whales are not, so much of the current price is built on leverage that even if the CCP blows their load and can only cause a small correction, all they need it to do is hit a number that would trigger a cascade of deleveraging events like march 2020.
It will be interesting to see how it plays out for sure.
ETH trapped itself. It's waited too long to launch 2.0 and because of the delay whenever it launches it will disapoint.
Instead of launching 2.0 with many of the needed updates last year, and instantly announcing a 2.1 or 3.0 update in the works, they waited.
Many competitors have better products right now, and unless the update is a home run that includes every advancement their competitors made in the mean time, it will disapoint.
They've trapped themselves.
You dont need to turn off the internet to take down BTC/ Crypto.
From 2011 - 2017 the CCP was the largest miner of BTC. They are the largest holder of BTC probably by far. With only the US Gov and their windfall from the seizure of the silk road in second. Maybe shitoshi if he even exists in the running.
The CCP strategy generally is to turn a feature into a flaw. This is likely their plan with BTC. BTC is distributed, which is one of it's main features, but that also means that if it is attacked it is basically defenseless, that is the planned flaw.
This is not financial advise.
Personally I suspect that BTC will be used as the second strike to completely economically destroy the upper middle class of the USA. A limited hangout to dethrone the USD for a short time before transitioning to a digital yuan.
First the dollar will lose its reserve status. Inflation will spike and btc will rocket more, it will be near irresistible for the public not to join in. We're talking hundreds of thousands of dollars.
Then BTC will be crashed, and with it nearly all of the wealth of the US upper middle class will be transferred to China/ abroad.
The CCP strategy generally is to turn a feature into a flaw. This is likely their plan with BTC. BTC is distributed, which is one of it's main features, but that also means that if it is attacked it is basically defenseless, that is the planned flaw.
They are wise enough to have an internal yuan for savings/ external yuan for trade and investment. We should not confuse the two yuans.
Not financial advice, I'm not a financial advisor.
Personally I suspect that BTC will be used as the second strike to completely economically destroy the upper middle class of the USA. A limited hangout to dethrone the USD for a short time before transitioning to a digital yuan.
First the dollar will lose its reserve status. Inflation will spike and btc will rocket more, it will be near irresistible for the public not to join in. We're talking hundreds of thousands of dollars per coin.
Then the CCP will use their enormous holdings of BTC to crash it, and with it nearly all of the wealth of the US upper middle class will be transferred to China/ abroad.
The CCP strategy generally is to turn a feature into a flaw. This is likely their plan with BTC. BTC is distributed, which is one of it's main features, but that also means that if it is attacked it is basically defenseless, that is the flaw.
This is not financial advise.
Personally I suspect that BTC will be used as the second strike to completely economically destroy the upper middle class of the USA. A limited hangout to dethrone the USD for a short time before transitioning to a digital yuan.
First the dollar will lose its reserve status. Inflation will spike and btc will rocket more, it will be near irresistible for the public not to join in. We're talking hundreds of thousands of dollars.
Then BTC will be crashed, and with it nearly all of the wealth of the US upper middle class will be transferred to China/ abroad.
The CCP strategy generally is to turn a feature into a flaw. This is likely their plan with BTC. BTC is distributed, which is one of it's main features, but that also means that if it is attacked it is basically defenseless, that is the planned flaw.
Been around for years but do you know the history? China was mining champ for nearly a decade and holds enough that they could crash it at any minute.
From 2011 - 2017 before any of the halving events China was the largest miner of bitcoins. Their dirt cheap electricity and access to GPU manufacturing facilities put them in this position and they took full advantage of it.
This is one of the main reasons that mining pools were created. Without a pool, even with a basement full of antminers, no one could compete with the warehouses in China.
People who do not know the history of btc are at risk to get the rug pulled from under them.
The largest holder of BTC is the CCP. The US gov also holds millions of coins from their raid and seizure of the silk road.
got stuck in asia once after a xflight was canceled. I didn't want to be there, and found it absurdly hot and dirty so I stayed in the hotel the whole day while waiting.
there was this channel that had some dharmic religious programming on it either hindu or buddhist, with english subtitles. Nothing else was subtitled so I watched.
it was a story of a prince who's ship sank in the middle of the sea. he swam for days and days praying the whole time but help never came.
finally a god or angel saw his struggle and came down to help. it asked him why didn't you give up after so much time and struggle?
he said even though it seemed helpless it would be a sin to be indolent and would show lack of gratitude for the life given, as long as he was alive it was worth trying.
keep swimming.
obv they are. they are high and mighty and we just hold the bags.
finally an AR that will look normal in hickoks hands
wait thats the blue pill?
Your news is fake Your elections are fake Your courts are fake Your markets are fake
The quicker yall grasp the situation the better off we will be.
Maybe 10 years ago. Now casting specs are:
Same sex parents preferably minority. Children cannot resemble parents or each other. One child must be noticeably gender non conforming. Preferably one child is also noticeably gender non conforming and also visibly differently abled.
No dad in the equation at all.
All wars are bankers wars.
Leave crazy people alone. How do you know if they are crazy? You don't so you don't start confrontation with anyone.
Also don't ever let your woman talk shit and instigate. They don't know when to stop. Most western woman are completely illiterate and ignorant to violence. We shelter them from it so they don't understand it until it is too late.
They're good to themselves. It's all relative in their mush for minds.
Tell them we follow no leader except for God
This slow people shit again? Trying to pump it again?
Silver is shorted primarily by JPM.
JPM is one of the largest member banks. You will NEVER win a fight against a member bank without taking out the FED FIRST. They own the faucet you hold the bags.
miners cannot crash through the act of mining. they absolutely can through the sale of the coins they have mined.