This is the level of seriousness out there. In the end, the entire environment will self-ridicule and turn into a playground for crazy-children. NOTHING can be taken seriously: - "joke" coins that gain more strength than certain (real) fiat currencies solely for the reason that 1-2 celebrities start Tweeting about them and the mainstream media mentions them - the entire market gets brought down, because 1 "celebrity" happens to post a "negative attitude" Tweet - as a result of the crash, billions of (perceived) dollars get wiped off the charts (like they never even existed... or, did they? ) - countless coins appear and countless people buy and buy for the sole purpose of waiting and hoping they will go up in value - it's a hope-based MLM environment, where people jump aboard an investment and wait for others to join and bring up the price
China bans financial, payment institutions from cryptocurrency business https://www.reuters.com/technology/...es-barred-cryptocurrency-business-2021-05-18/
There's a tobacco heir up on the Gold Coast who calls himself "the Candyman", and he surrounds himself with lots of buxom women. Surely, with his *fame*, it must be time for the crypto "Candyman coin." I like the sound of it, because it sounds so tacky. Probably be quite popular with the in-crowd; e.g. do you have any candyman coins on you? I'm buying candyman, cause I reckon it will go up big-time, what about you? etc etc ad nauseam
Actually a 40% drop is quite normal for a Bitcoin bull market. As is a bunch of stupidity happening on the margins.
Notice the clickbait videos on YouTube promoting various coins with the photos of Elon Musk (a talentless individual), but there even are thumbnails with the face of Bill Gates and Jeff Bezos. Hilarious. This is why I say, you can't take the entire crypto market seriously. Meanwhile: PM's are up.
Big institutional investors are dumping bitcoin and going back into gold, JPMorgan says https://www.cnbc.com/2021/05/19/big-institutional-investors-are-dumping-bitcoin-and-going-back-into-gold-jpmorgan-says.html
Any mainland users verify if you can still send or receive money from major exchanges using Alipay? Likely Ma is being strict with interpretation of the new directive
I wish they'd make their mind up: Read more at: https://www.bloombergquint.com/markets/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin Copyright © BloombergQuint
With most of the cryptos down over 30% today, I was quite frankly expecting gold to do a bit better than what it is doing. Maybe the "Big institutional investors going into gold" story is a load of JPMorgan bullshit. I guess we will know in the next few days if there is any truth in that story. PS: I think I may have spoken too soon, gold up 1% quickly, this may the start of something.
I think there is very little correlation between Gold vs Bitcoin vs inflation anymore. Mainstream crypto buyers go to and back between shares to cash to crypto. Many multiple hundred percent BTC gains or 50% dumps should move gold more than few percent if they BTC was used for Hedge