I’m exhausted and can’t even think straight, let along cobble together a nicely written blog post for you God damned ingrates.
Thought exercise.
Everyone keeps citing Chinese declining Yuan as proof that the Chinese are partaking in chicanery. Truth is, the drop is likely the result of capital flight, by well heeled Chinese getting the fuck out of the country. Being that 75% of BTC is mined in China (I read that shit online), one has to imagine the underpinnings for BTC to be cock-strong in the face of all that flight.
Recently, cryptos have been behaving well. If you continue to see BTC and others breakout, you will have confirmation that money is being transferred out via cryptos. Hence, you want to get long cryptos and its proxies in the stock market.
BTC has done shit
I am talking OSTK, SIEB, RIOT and others. I’ll get into it tomorrow.
Nite.
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They eat fucking dogs. Bitcoin is dead.
In other news. Women in power are fucking Satan. How you all like that tranny psyop now. Indians do not exist. They are all blinded by floss easily. You know. Back in the day.
I wish I could see you in person so I can Bitch slap you and show everyone how much of a bitch you really are .
Well-heeled Chinese don’t need to buy crypto currencies. They just go to a European or American bank, just like Russian gangsters.
It will be the middle class Chinese – rich enough to have extra dough, but too poor to get it out of the country – that will buy cryptos. Once the bankers are through with thme, they won’t be able to sit down. The Chinese governetment has two good resons to prevent this from happening:
1) Cryptos represent a loss of control for th Central Communist goverenment
2) If the middle class get raped by the banks, they may revolt. People will accept a lack of freedom as long as they can get the basics (food, shelter, etc.) but once that goes down, forget it.