Daily: Bitcoin Rally #3, China associates to Tulip Craze
Boxmining Daily Aug 15
Market Recap
Bitcoin Rally #3
10 Law firms join Enterprise Ethereum Alliance
China Spotlight - China Daily associates tulip craze
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The Chinese government wants a slow and steady climb of bitcoin and not the recent crazy growth we have recently been experiencing. If too many people get burnt, this does not bode well for its future plans to implement crytpo-currencies in the future. If the goveenrment want to sutdown cruptos it would have done it a long time ago, so it is in their best interest to try and dampen/calm the market now rather then just let it run wild.
Michael, what do you think about the possibility of the Chinese government getting behind Bitcoin Cash? Reasons for my question:
Bitcoin is undergoing another rally which by definition, will be another short-lived one. However, lets not be disappointed because the next correction will set the coin up for a super up climb and that will last for a long time.
Tulip Craze ? LOL - Well there are some similarities....
Short term trading in this market is mostly luck, technical analysis is only relevant in the sense that theere is a lot of trading done by people who base their decitions based on their belief that technical analysis is a valid decision making tool. Trading is more about predicting behaviour, and with such an easily manipulatable market, all you can predict accurately is that it WILL be manipulated in the short term. If you go long term the important thing is the fundamentals, the value any given coin can give to a real world market. What are the ones in which you see that happening?
Happy supporter of you, I just found a copy of your video there https://steemit.com/cryptocurrency/@crypto-p/bitcoin-rally-3-china-associates-to-tulip-craze
Tulip Craze, haha, nice one!
I very much enjoy your videos! you do very nice work! thanks!
Was watching you on YouTube, now following you here. Great videos!