Let it drop to atleast 300
Merry xmas
Topic: Best Christmas Gift = Buying the Dip Now at $320 - page 2. (Read 1674 times)
Tbh 320 wouldnt be worth it... we have xmas.
Let it drop to atleast 300
Merry xmas
Let it drop to atleast 300
Merry xmas
Retailers are dumping pre-Xmas bitcoin payments. Their action causes a temporary bearish countertrend. The shape of the bull rally has maintained. If you want to treat yourself with some fancy Christmas gift, this is a very good entry point. Rally will jump start again when traders are back this Friday and next Monday.
Earlier this week, the Chinese currency, RMB experienced a sharp depreciation following worse than expected trade data. If this depreciation continues, it will send a signal to wealthy Chinese to convert their RMB into USD. Given the official quota system that only 50K USD can be exchanged per capita per year, the round trip from RMB to bitcoin to USD will become a way better option. This will push the demand of bitcoin significantly. If you want to speculate on bitcoin, don't overlook this important trend.
Earlier this week, the Chinese currency, RMB experienced a sharp depreciation following worse than expected trade data. If this depreciation continues, it will send a signal to wealthy Chinese to convert their RMB into USD. Given the official quota system that only 50K USD can be exchanged per capita per year, the round trip from RMB to bitcoin to USD will become a way better option. This will push the demand of bitcoin significantly. If you want to speculate on bitcoin, don't overlook this important trend.
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