btc testing short term trend line
btc not looking good going into the weekend. we could easily get a pump back to the 21k area or a little higher before dropping more or consolidating, but its hard for me to imagine us going any higher or holding that price with the current economic environment.
rate hike next week, housing bubble officially popped and is clearly coming down. rent still ridiculously higher than it was pre-covid and traditional markets are falling through key support levels
aeth is now more centralized than it has ever been and mt gox just had its official deadline for submitting or transferring claims which means btc will be returned to its rightful owners very soon
and the white house is targeting btc for its "harsh mining impact", while big blogs and twitter pages are making reports about how eth's pos merge is helpful for us, when in reality is the exact opposite. eth addresses being banned from exchanges for using tornado cash. amp, zec, and other coins being listed as securities and delisted from american exchanges is just the beginning.
this is a clear attack on cryptocurrency. the timing is more than precise. mt gox and eth merge just happened and immediately, the world economic forum is promoting the eth merge on their website and the white house officially releases more documents about btc mining and regulations. they had those documents for months probably. they just know how the markets will react to the regulations/ possible bans of mining operations in america.
(side note) i saw something in one of the docs about terra luna and it made me instantly think if the white house/ govmt/ sec and regulators had anything to do with the collapse of terra just to use it as ammunition for their heavy regulation and reporting narrative they will soon force on us.
- i do understand there are scammers in the crypto space and bad people using this technology, but this is the same as the argument we hear for weapon regulation in america. they are saying the masses cannot be exposed to decentralized, unregulated cryptocurrencies simply because a small percent of people who use them, use them for very bad things, when the majority are using it to build, protect, learn and grow profitable products.
we deserve privacy. and the way they are handling defi/ blockchain tech is the complete opposite of privacy.
rate hike next week, housing bubble officially popped and is clearly coming down. rent still ridiculously higher than it was pre-covid and traditional markets are falling through key support levels
aeth is now more centralized than it has ever been and mt gox just had its official deadline for submitting or transferring claims which means btc will be returned to its rightful owners very soon
and the white house is targeting btc for its "harsh mining impact", while big blogs and twitter pages are making reports about how eth's pos merge is helpful for us, when in reality is the exact opposite. eth addresses being banned from exchanges for using tornado cash. amp, zec, and other coins being listed as securities and delisted from american exchanges is just the beginning.
this is a clear attack on cryptocurrency. the timing is more than precise. mt gox and eth merge just happened and immediately, the world economic forum is promoting the eth merge on their website and the white house officially releases more documents about btc mining and regulations. they had those documents for months probably. they just know how the markets will react to the regulations/ possible bans of mining operations in america.
(side note) i saw something in one of the docs about terra luna and it made me instantly think if the white house/ govmt/ sec and regulators had anything to do with the collapse of terra just to use it as ammunition for their heavy regulation and reporting narrative they will soon force on us.
- i do understand there are scammers in the crypto space and bad people using this technology, but this is the same as the argument we hear for weapon regulation in america. they are saying the masses cannot be exposed to decentralized, unregulated cryptocurrencies simply because a small percent of people who use them, use them for very bad things, when the majority are using it to build, protect, learn and grow profitable products.
we deserve privacy. and the way they are handling defi/ blockchain tech is the complete opposite of privacy.
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