I get it's just a correlated asset class at this point but shouldn't China's ban be bullish bitcoin? Shows that CCP sees crypto as potentially being a sufficient (infrastructure to(?)) alternative power base. Don't think I've seen that take which might say a lot (about me?)
Could be correct in the long term (idk, I do not like to speculate on such things) but in the short term it means a whole bunch of Chinese traders selling BTC (and everyone else selling to try and get ahead of them)
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absolutely I get it but also just interesting I haven't seen it made. Was more meant to shade what I see as a scam artist ecosystem/circlejerk that don't care about the underlying ideology. Also this is my acceptable form of them asking people to buy the dip.pic.twitter.com/GyciaPvB6K
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yea i think u guys r right here a lot of things hitting it all at once short term: - tether - binance inquiry - musk making BTC ESG incompatible ==> gensler & yellen enforcement - china sentiment from payment processing ban reaffirm anyways whole thing runs on sentiment lol
End of conversation
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