Trust charts because it allows you to see things that go far beyond good information. Bitcoin has been growing strongly and continuously for many months, it's time for the market to regain equilibrium. Discounts are not bad, this is a chance to have a good position.
China's support for Bitcoin doesn't hurt much as the government has been silently allowing factories to mine Bitcoin for years. The bad news right now is that the US government has quite a high tax on organizations that use cryptocurrencies.
Topic: Is China's support for Bitcoin really a bullish sign? - page 2. (Read 182 times)
Why am I wrong?
where should i begin
40%? are you crazy. try 10% both in hashrate and price.
control? try different FUD, this is not working because at this point it is the oldest FUD in the book.
You will probably hate on me for this theory.
Why did China come out supporting Bitcoin?
Simple.
They learned they can actually control it.
The recent "blackout" in mining province was a test on how much they can pull off.
With success they caused 40% drop in hashrate and drop in price.
So they might have even bought some at this point.
1) They own some
2) They know they can control it
China's support is actually a really bad sign.
Why am I wrong?
Why did China come out supporting Bitcoin?
Simple.
They learned they can actually control it.
The recent "blackout" in mining province was a test on how much they can pull off.
With success they caused 40% drop in hashrate and drop in price.
So they might have even bought some at this point.
1) They own some
2) They know they can control it
China's support is actually a really bad sign.
Why am I wrong?
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