What's our DOJ say about BTC? I don't follow the news, but it would be funny if it was a false-flag type operation to shut the whole thing down in the interest of "national security". Word is "The Dark Side" didn't do this, they leased out the information (for access into the system) to the culprits.
I thought of it. It looks like Dark Side either got too big for their breeches or it wasn't them. When people have to pay 10-20 cents more for a months for gas, they will notice the dark side of crypto. Yes, the government could use this as an excuse (not that they really need excuses) to ban or control more cryptos. After all the best usecase for cryptos is still ransomware.
Hey Vanz! Yes, it is possible. This is a negative attention on bitcoin for sure I only saw it in the news but did not do any more reading on it. Hacking and getting paid in bitcoin or other cryptos is a normal occurrence as it's profitable for the hackers
Prior to crypto all ransom was paid in cash yet nobody banned cash. Cartels moving cash in trucks yet nobody banned cash or trucks. Major banks laundered drug monies yet nobody banned banking.
Nothing like a new enemy. What was it gvz used to say all the time? "People fear that which they don't understand". fwiw...
Why Bitcoin though? It has no real purpose, doesn't work well(slow transactions, high fees) plus all the electricity usage. There is no real reason other than philosophical. IMO other coins will flip Bitcoin on the long run. Like Ethereum and Cardano for sure, maybe some others too. They do all bitcoin does and much more... There are so many people working on top of these projects. How many work on Bitcoin? 10? 20? I am definitelly not buying any ethereum or ada at those prices though(for a long term hodl). In bull runs you often get a sharp dump(shakeout), market rallies away far, but it usually comes all the way back to the point prior to the dump and that's the best time to buy. That would mean a 95% correction for alts. Nothing unheard of in the cryptos. Will it actually happen? i don't know
Bitcoin bear has arrived. Price crossed 50 MA on Apr 18 and has not recovered since. Just crossed 100 MA 2 days ago on volume. Cramer selling his stake was market top news imo (Apr 15). https://www.cnbc.com/2021/04/15/jim...e-of-his-bitcoin-and-paid-off-a-mortgage.html Recently another news confirming market top: https://www.theguardian.com/technol...ive-quits-after-making-millions-from-dogecoin
As the previous poster pointed out, that 50 day breakage was your get out signal. ETH is breaking the H&S formation; you shouldn't still be in that. HODL only works on the way up as long as the moving averages hold. I like how Coinbase is now considered a cryptocurrency casino. I wouldn't be surprised if TSLA has it's own coin within the next year.