Crypto Dump, ASEAN, dollar, bonds, Trade Wars ...steemCreated with Sketch.

in cryptocurrency •  8 months ago  (edited)

Fundamental analysis: brief Sketch

"Robocop" in Singapore or Skynet is watching ...



(see more photos and video below)

There is a news from ongoing ASEAN Summit in Singapore that local Police has deployed a robot to patrol the streets. So, after all Robocops are true! :)
However that's like a kids' toy, comparing to China's "Skynet-like" plans for an advanced AI development.

Some rumors and discussions that this current 33rd ASEAN Summit is related to Cryptocurrencies (may be also related to the dumping of USD). Singapore is already making efforts to become a global hub, also perhaps the first country to embrace Cryptos. There were some news earlier this year that there will be launched Gold-supported Islamic Stablecoin, named GOLDX.

Somehow neither US nor Chinese Presidents attended this event - may be trying to avoid meeting each other due to ongoing "trade war"? Pence has even blatantly warned about new Cold War.
(not many miss Trump though; others speculate it is "a sing ...")

Advent of "Crypto-fiat" at full gear?

Coincidentally at the same time in Singapore happening Fintech event, where IMF's Lagarde was talking about CBDC Also Stanley Yong from Singapore's CB has stated that CBDCs are “the only way” ...
(Related: IMF's Ross Leckow had a discussion with Ripple CEO Brad Garlinghouse, Thai SCB bank was mentioned as "next-generation hub"; Video)

At the same period of time, Crypto related news from Iran: there is prepared local national stablecoin "digital Rial", as a response to cut-off from SWIFT system. After government ran Petro stablecoin in Venezuela, this is 2nd oil-rich country which seriously talks about switching to their own digital currency. Last week reportedly Russia also announced about "fiat rouble" as well. Oh, "E-Yuan" is also being openly discussed currently - what a coincidence! :)

Crypto blood-bath ...

Meanwhile Bitcoin price dropped around 13% and most of other Cryptos along with it. Some opinions are this is related to BCH Hard-fork (Nov 15), which price also dropped by almost 16%. STEEM coin price is currently at ~$0.608, also decreased by 16%. Whole CoinMarketCap is in Red ...

Well, what to speak of Crypto: even US gov. Bonds are down; Corporate Bonds are toxic; Long Bear Market is feared for pretty much EVERYTHING ...

Begun, the Trade Wars have...


Few more photos of "Robocop"


(source)



(source)

Video report :



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"the final phases of the war"


https://twitter.com/proffaustus/status/1062751765601361923?s=21

To all BTC miners...
If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well... we think BTC market has no room... it tanks.
Think about it. We will sell A Lot!
Consider that....
(BTC to 1000 does not phase me)
...
If this is a long war... expect 2014 prices in BTC... think what that does...

Phase - a distinct period or stage in a process of change or forming part of something's development. "the final phases of the war"

(there is a long big discussion there in replies to his Tweet)

some Related Videos on the subject:

Regarding US Dollar Dumping

Few Related videos:

Oct 25, 2017 (last year) Video from Max Keiser
On path to de-dollarization:
World tired of funding US military adventurism

yes! they (US) will fight back. they will start a War... may be between Japan and China. may be they'll start a war with North Korea. America will do anything to keep USD as World Reserve Currency. They'll invade countries - like Afghanistan. They'll start at nothing! Because it's the base system of US Empire: it's not land-based, it's not based on material goods - it's based on Ransacking. It's based on Lending dollars, getting that income, and then when countries can't pay - they dismantle the assets and take them over ...

The countries that are resistant to America's Financial Cartel are Russia, China, Iran. So, now they've figured it out: "you know what, we gonna split off with the dollar..." They can do so with this new Contract. and they are also embracing Cryptocurrencies, which are in this context are another way to De-Dollarize, get out of the US dollar... Once cats out of the back - look for dollar have a very significant CRASH...
There is also a huge split between a Saudi and America right now. The Petro-Dollar which got started in 1971 - that's coming to an end...

Oct 30, 2018 (this year)
World Dumping US Debt & Hoarding Gold: De-dollarization Explained

Jul 1, 2018
China 'Weaponize' Yuan For Dollar Collapse

Related:

Defying Trump, Merkel backs Macron’s call for EU Army

Iran's Rouhani: US chose wrong path on sanctions, will be defeated
"They thought they could completely cut Iran's oil. But in recent days they understood that this is not practical or possible, both because of their internal issues and because of the price of oil ..."

Iran as the new Serbia?

Assuming the dialogue continues at the Group of 20 summit in Buenos Aires at the end of November, Putin might be able to impress on Trump that just as Serbia catalyzed a chain of events that led great powers to sleepwalk into World War I, the same could happen with Iran leading to the terrifying prospect of World War III.

Team Trump’s obsession on strangling Iran into economic submission is a no-go, even for the Macron-Merkel-led European Union. On top of it, the Russia-China strategic partnership simply won’t allow any funny – reckless – games to be played against a crucial node of Eurasia integration.

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