it is always our prerogative and also we should buy at our own discretion , this is the problem if your pure intention is to earn instantly because the nature and the essence of bitcoin changing .
this is a currency and not something that will make you rich, but the problem is people did not anticipate this instead they mostly wanted to become reach and that is the reason why this change of course.
Hold your bags if you are a holder and sell if you are just a seeking for short earning .
Topic: Hold your bag when you can - page 5. (Read 1130 times)
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
(.....)
Jeez. This is one of the many reasons why China is also one of the key players in Bitcoin if this is legit (reason of recent dumps).(.....)
I remember before about the mining issue in China and we saw a huge drop in the Bitcoin market and look now.
It seems people are suffering, for sure some of them are requesting to withdraw to use it to buy Bitcoin.
This may become one of the most common pieces of advice that we hear during this bearish market era. And this is not wrong, I also believe these words. It is better to hold our bag and keep it until the next bullish season right? It is better that we can hold them until someday for a long-term period without any doubt to Bitcoin right? Of course, we can do it because we believe in Bitcoin, no matter how many FUDs spreading around the world. In fact, may more Bitcoin is discussed and talked, the chance to be more accepted and rise up may be bigger.
Just more evident in the bearish market, but regardless of what cycle we have, we shouldn't empty our wallets, at least leave something just in case if you wanted to sell at the bull run.
And now with the article that the OP posted and similar threads about banks freezing ordinary people's account, it's really evident that bitcoin or at least crypto will be a good option for us. Or better yet, un-bank people should go full crypto, just saying.
This may become one of the most common pieces of advice that we hear during this bearish market era. And this is not wrong, I also believe these words. It is better to hold our bag and keep it until the next bullish season right? It is better that we can hold them until someday for a long-term period without any doubt to Bitcoin right? Of course, we can do it because we believe in Bitcoin, no matter how many FUDs spreading around the world. In fact, may more Bitcoin is discussed and talked, the chance to be more accepted and rise up may be bigger.
Well, the truth is that people can make their own market assumptions and price prediction, and they all are wrong.
negative minds - well, of course, think negatively but we have no objections with that as it was their opinion, they soon realize that they are wrong.
Hold as long as we can manage to do it, as long as we still have trust and market confidence. This bear condition isn't forever so we still have the chance and our hard work will be paid off. Just focus on our goal, don't listen to these centralized banking institutions as they will just manipulate your mind.
negative minds - well, of course, think negatively but we have no objections with that as it was their opinion, they soon realize that they are wrong.
Hold as long as we can manage to do it, as long as we still have trust and market confidence. This bear condition isn't forever so we still have the chance and our hard work will be paid off. Just focus on our goal, don't listen to these centralized banking institutions as they will just manipulate your mind.
How many centralized investment can we really avoid in an evolving space that keep producing new developments. No matter the way you put, bitcoin was initially centralized just like every other token until they got so diluted, scarce and dispersed.
That might've been the case initially, but it certainly isn't the case any more. Bitcoin is much more decentralised than any fiat currency, and honestly pretty much any noteworthy alternative. If you don't want to use a third party, you can absolutely do that. The only thing that Bitcoin really relies on his people running nodes, and miners. Other than that, you can completely take control of your Bitcoin, and spend it where ever you like or do whatever you like, obviously as long as you comply to the laws in your country. So, if you care about decentralisation, cryptocurrency is the way to go. Doesn't mean it suits other personal needs though, depends on the use case, and the person.
I was going to point out what happened to Celsius customer investment which is same scenario to the article that you share but crypto counter part until I notice the Not your keys not your coin word. I believe people should avoid centralized investment platform even if it’s bank or in crypto because same scenario can happened if you don’t hold the keys to the wallet that contain your investment even on DeFi. Holding is the best and trading only in DEX is the best way to play safe on this current market.
How many centralized investment can we really avoid in an evolving space that keep producing new developments. No matter the way you put, bitcoin was initially centralized just like every other token until they got so diluted, scarce and dispersed. In such a money matter, bury your pride and dont be like the 3AC, make profit like the A16 etc and pretend you are holding for life. i think that will be safer than entrusting them to some centralized banks and centralized exchanges.
In almost every case it will be. You're basically giving the banks permission to gamble with your money, despite them potentially being decent at investing, they're still using your money, to gain more money, and that's why they offer interest rates to entice people to keep their money in the bank. However, Bitcoin isn't for everyone. For those that aren't well up on security standards, and not very familiar with how the internet works, and potential attacks, I can see the benefit of banks. Although, I still think hoarding cash, and securing it physically is still better than trusting banks to handle your money.
A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price?
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.
Saving in centralized banks will never be good for investors in the long run. First, you are being taken advantage with your own money. They will use it for the bank's progress, but not for your money's progress. That is why bitcoin is here to serve as a wake up call for everyone as we should only invest our money on the condition that we will still have our own keys so that our money won't be used by others. If we can keep them safe and store on our own decentralized wallet, i think that will be safer than entrusting them to some centralized banks and centralized exchanges. It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.
Cryptocurrency is investment but you cannot hope on it a prize because, it is an investment that nobody will determine and also know for the price were it's coming. so seeing cryptocurrency price rising is not something that you can be surprised and also seeing cryptocurrency falling, it is not something that you will be surprised of. Because i knew long time ago that when the price of Bitcoin will grow again it will surprise some panicked investors who use fear to sell off their investment
This is where the strength of bitcoin is. It's just good, it works and it allows you to avoid many hurdles along the way.
Most of us just want to go to work and get paid. We don't want to bother with all the problems a bank or the government that stands above it might have. We have our work, family life and the things we do for pleasure, our hobbies, and that's all we have the time and the energy to take care of. When we earn money we want that money to be available 24/7 for whatever we want to spend it on. We deserve it. Someone telling us that we worked as slaves for the last year and don't get to see the money is out of the question.
Over time more and more screwups like Cyprus, Greece, Russia, now China will happen and people will learn that they have to take care of their money themselves.
Most of us just want to go to work and get paid. We don't want to bother with all the problems a bank or the government that stands above it might have. We have our work, family life and the things we do for pleasure, our hobbies, and that's all we have the time and the energy to take care of. When we earn money we want that money to be available 24/7 for whatever we want to spend it on. We deserve it. Someone telling us that we worked as slaves for the last year and don't get to see the money is out of the question.
Over time more and more screwups like Cyprus, Greece, Russia, now China will happen and people will learn that they have to take care of their money themselves.
The fact that the global financial traditional system is full with many forms of infringement on the right of the citizen's, if not how can banks swap citizen's savings into an investment without they consent. This situations point to one fact that the government is in support of this infringement on citizen's rights.
Those who are in disbelief are just the paperhand people and that they buy at the top, we've seen this much to create FUD when Bitcoin going nosedive. I wonder if this turning point into investment by a bank would even increase in interest now that they changed it so suddenly?
questions whether the bottom is in or how long this bear market last are actually legit imho.
Absolutely. Especially how long, I think is an important question, that isn't so easily answered. Naturally users will point to previous cycles, but I'm convinced that this isn't going to follow those previous cycles. There's also an argument in that they never really have, but people have identified certain correlations, and ignore other things. Even asking if its the bottom is an important question. People are invested in Bitcoin for different reasons, and someone can believe in Bitcoin, but need immediate access to their funds to not be able to ride out a bigger drop in price. I don't have any problems with anyone questioning what they've invested in, and I actually think we've probably all done it at some point.
I bet these people who had money in that Chinese bank are now regretting it and wishing they had bitcoins instead. Bitcoin is the only money that cannot be taken from you. It can be manipulated when it comes to the price but you don't have to sell into the manipulation. You can wait it out like so many bitcoin OGs did in the past.
When all the dust comes down and all the FUD disappears you'll have more value in your portfolio than you had a cycle ago.
Funny thing. In that reddit post someone commented with "Not your tank, not your money"
So true.
When all the dust comes down and all the FUD disappears you'll have more value in your portfolio than you had a cycle ago.
Funny thing. In that reddit post someone commented with "Not your tank, not your money"
So true.
I still have a bank though I'm actually wary of what's happening with China. It is entirely possible that this also happens on our country but there would certainly be a public outcry against this move. I keep most of my holdings in crypto, and that's probably the safest strategy right now to protect my assets. But if there'd be another way to be safe, I'd certainly transfer some of my assets to that and just hope for the best.
A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price?
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.
Dont know if this is the actual reason with this small percentage price increase or climbs but still a possibility but talking precise about this then it cant really be known on what it is.It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."
The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can.
Always remember, not your key not your coin.
We know that these institutions does have the power and the capability on making decisions and ending up holding their users funds as long you had been able to put it up.
It does really sucks yet freedom is really been shacked out.
You could really expect lots of threads in related about bitcoin is going to $1 or even going dead on the times this bear market is prolonging but on the time that we are seeing
green candles then such recent sentiments or news are commonly been tagged on.
. Are you wondering the reason behind this sudden surge in the price?
Aside from your given news, another reason why prices suddenly surge is possibly the hope of a less aggressive hike from the federal reserve at its next rate-setting meeting[1]. It was also believed that a relief rally had been long overdue but don't get mistaken that this rally is the sign of a bullish market, the market sentiment is still bearish though.
Quote
It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn." (https://www.reddit.com/r/Bitcoin/comments/w3evna/china_ccp_tanks_protecting_banks_because_the_bank/?utm_medium=android_app&utm_source=share)
It is really unbelievable how a centralized bank in China has the audacity to change its policy from savings to investment. It feels like those people had been scammed by that bank.[1] https://www.cnbc.com/2022/07/20/crypto-prices-bitcoin-btc-climbs-above-23000.html
The reason for the last dump was the Luna crash, we know all how drained all the Bitcoin was. So this problem won't exist forever. And it's not new for Bitcoin anymore. When Bitcoin crashed much FUD news also spread at the same time. And now, due to the up trend, we will see a lot of positive news which will pump more. So yea, holding bags though it's not Bitcoin lol. Had invested some other potential coins.
Most banks have long been bankrupt, and their credit policy is to blame. Most of the loan collateral they have on the balance sheet is an illiquid asset or debt that cannot be repaid. Bitcoin is a good solution, but its price is regulated by manipulators and this blockchain is monitored by many companies. This will create problems for selling your bitcoins on centralized services if you do not declare your address.
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