Avid follower of news, recent follower of crypto here.
What you're going to see, boys, is an exit from fiat into bitcoin. This is the real deal. I personally moved 40% wealth into btc and will consider anything a bargain below $1k/btc as I do believe decentralized currency is safer than central bank regulated currency.
This is a harbinger of many people around the world fearing a repeat of the 2008 financial crisis. Buy. Or sell to me
$20+ spread between western and Chinese exchanges now... why isn't this being arbed?
You got a quick and cheap way to convert CNY to USD?
Just sell on the CNY markets and buy in USD. Convert later.
Small dumps everywhere.
Is this the top or just another bear trap, like the one in the weekend?
Sell now
There will be 2 buyers for every coin you give up. The people who have been riding this upshot have by now told all they're friends who are now scrambling to buy. I know mine are.
Does anyone else think this has something to do with the USMS final auction of "seized" bitcoins? Or does this have something to do with the block halving which is due next year?
If you can dream it, they can scheme it. Crazier things have happened. But that doesn't detract from it's legitimacy. It's just a nice turn of events that our government's insolvency is driving interest to a valid alternative so that they can cash out in the short term.
We need to use this and any momentum we get to justify support for an alternative to our current corrupt systems. You can start by requesting that your transactions be completed in bitcoin
I'm a bit relieved there's a correction, even though I bought more last night before this surge.
I'm comfortable holding for a few months at least.