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It is safe to say cryptocurrency is reacting poorly to a Biden Presidency
Posted on 1/21/21 at 9:05 am
Posted on 1/21/21 at 9:05 am
Dropping like a stone
Has he said something about regulation?
I thought his sot was a crypto wonk?
Has he said something about regulation?
I thought his sot was a crypto wonk?
5
Posted on 1/21/21 at 9:07 am to Roaad
My eth holdings are up 88% this month. If that’s a poor reaction I hope it continues.
Posted on 1/21/21 at 9:10 am to Roaad
We’ve known he would be president for months. It is up over that time period.
Posted on 1/21/21 at 9:10 am to Roaad
Eh...mostly just part of the normal BTC cycle. Folks are getting their money out after the big runup.
It will be back below $10k within 6 months. Then time to buy before it runs up to $100k. Followed by another sell off.
It will be back below $10k within 6 months. Then time to buy before it runs up to $100k. Followed by another sell off.
Posted on 1/21/21 at 9:11 am to JohnnyKilroy
Eth family and bitcoin family have both dropped precipitously since the inauguration.
I didn't watch, was something said?
I didn't watch, was something said?
Posted on 1/21/21 at 9:13 am to Roaad
Janet threw shade at crypto in her acceptance speech
Im looking at 22k as huge support, that's kind of where the climb turned parabolic, I'd be surprised if it got back under 10k but that's just my opinion. Still believe it will be over 100k within 5 years, if not this cycle, than absolutely the next.
Im looking at 22k as huge support, that's kind of where the climb turned parabolic, I'd be surprised if it got back under 10k but that's just my opinion. Still believe it will be over 100k within 5 years, if not this cycle, than absolutely the next.
This post was edited on 1/21/21 at 9:16 am
Posted on 1/21/21 at 9:16 am to Roaad
Janet Yellen on Tuesday:
“many cryptocurrencies are used, at least in a transaction sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels,”
“many cryptocurrencies are used, at least in a transaction sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels,”
Posted on 1/21/21 at 9:17 am to AnonymousPotato
quote:as are US dollars. Dimwits
many cryptocurrencies are used, at least in a transaction sense, mainly for illicit financing
Posted on 1/21/21 at 9:19 am to jimbeam
Exactly. Anything of value ever has been used for financing crime. They just hate no control. "Regulate crypto; stop terrorism" bullshite.
Posted on 1/21/21 at 9:21 am to Roaad
Likely not - Dems still going to make that money printer go brrrr which is what BTC thrives on
Posted on 1/21/21 at 9:21 am to Big_Sur
quote:lolwut
It will be back below $10k within 6 months.
Posted on 1/21/21 at 9:22 am to AnonymousPotato
I am no finance guy, but what can the government do to a currency that isn't theirs?
Tell people they can't accept it?
Prohibit buying it?
Tell people they can't accept it?
Prohibit buying it?
Posted on 1/21/21 at 9:23 am to TigerTatorTots
This is where everyone starts "hoping for a pullback to $20k so i can load up!"
then when it gets to $20k it drops through it another 50% and then drags along sideways for 4 years
then when it gets to $20k it drops through it another 50% and then drags along sideways for 4 years
Posted on 1/21/21 at 9:25 am to AnonymousPotato
Of course the Sec. of Treasury is going to throw shade at any currency that could usurp the dollar. Having the dollar as the de facto global currency is great for us.
Posted on 1/21/21 at 9:29 am to jimbeam
quote:
as are US dollars. Dimwits
Is there a reason the US does not give 6 months to devalue the $100 bill and issue $101 bills as currency to end the illicit laundering they pretend to be worried about? Most illicit money is in large bills. It would give legitimate holders time to exchange their money and anyone trying to exchange massive amounts of cash would raise red flags. There could also be a provision allowing for hardship applications after the three-six month period.
I am sure there is a reason this is a terrible idea and do not even pretend to be knowledgeable about currency.
Posted on 1/21/21 at 9:29 am to Roaad
They would incentivize US banks to not allow transactions with someone like Coinbase or something. But Coinbase has an IPO coming up so how that gonna happen? The feds love the idea of a crypto currency they’re just mad they don’t control the one we’re using.
Bitches.
Bitches.
This post was edited on 1/21/21 at 9:36 am
Posted on 1/21/21 at 9:35 am to jmcwhrter
quote:
then when it gets to $20k it drops through it another 50% and then drags along sideways for 4 years
God I hope so. I’ll have dozens of BTC for the next run up.
Posted on 1/21/21 at 9:38 am to Roaad
Hello I'm the government and I'm here to help with your problem: it is now a felony equivalent to money laundering to transact in BTC on US soil.
Posted on 1/21/21 at 9:43 am to Big_Sur
quote:
It will be back below $10k within 6 months. Then time to buy before it runs up to $100k. Followed by another sell off.
I hope you're right because I'm buying it up each paycheck. I want it sub 5k for the next year or two.
Posted on 1/21/21 at 9:57 am to Roaad
Biden is planning on pushing enormous stimulus bills which will undoubtedly cause inflation, thus increasing the prices of crypto. Crypto prices are still volatile and are affected by a million other factors than just who the president is.
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