iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,324 Blog Posts

CHINA BANS CRYPTOS AGAIN — FUTURES SLIDE

In the latest salvo against BTC-ETH, the nation of China for what seems like that 100th time banned cryptos, but this time for real.

As such, BTC-ETH and the rest of the gang have fallen thru the floorboards and are now sinking even lower. This isn’t earth shattering news, but instead a renewed hatred by the centrally controlled economy of China against the decentralized world of cryptos. I’d imagine this will, at some point, lead to a great buying op.

Futures are off by 100 NASDAQs, as we descend into the weekend without comfort and nothing but angst.

Look at the bond market for signs of real fear. Presently rates are slightly higher, suggestive this pullback os horseshit.

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5 comments

  1. roguewave

    The Chinese regulatory announcement was posted on September 3rd.

    The ship from China containing the mail for CNN just arrived today.

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    • roguewave

      Jebus @jebus911 2h
      If you don’t know how this works, basically in the next few hours they’ll come out and say something like “what we said was buying human slaves with crypto is illegal, average citizens are fine to do transactions”

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  2. edge

    I am 95% cash. Sold ETHE yesterday and today for +45%. Damn woulda shoulda coulda at 45 bucks.
    Sold stocks yesterday early.
    I’ll stick to day trades for a bit.

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  3. tha pirate

    Tell us again how THEY (Taliban, AlQaeda, Hamas, Islamic Jihad, isis etc) are NOT the bad guys CNN??

    https://nypost.com/2021/09/15/ex-us-officer-claims-taliban-beheaded-two-children-in-afghanistan/

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  4. Mr. Cain Thaler

    Renminbi flight coming at you.

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