Posted on 09/07/2021 11:21:05 AM PDT by SunkenCiv
The price of bitcoin fell Tuesday after breaking through $52,000 late Monday, reaching its highest level since May.
The price action comes on the day El Salvador is set to adopt the largest cryptocurrency by market cap as legal tender, becoming the first country to do so. Bitcoin dropped as much as 16% on Tuesday morning. It was last down by about 9.8% and trading at $46,741.00, according to Coin Metrics. Ether fell about 12% to $3,438.00.
Crypto adjacent stocks MicroStrategy and Coinbase also fell about 7% and 3%, respectively. Coinbase users were experiencing delayed or canceled transactions at “elevated rates” in the morning, the company said in an update on Twitter, but those issues were resolved by the afternoon. Major crypto exchanges Kraken and Gemini were also investigating delays and performance issues.
Early Tuesday El Salvador temporarily disabled Chivo, its government-run bitcoin wallet, to increase the capacity of the servers, which were hindering new users from installing it, President Nayib Bukele announced in a tweet at about 7:00 a.m. EST...
As part of the new law, businesses will be required to accept bitcoin for goods and services, though merchants who aren’t technologically able to accept bitcoin will be exempt. The government has installed 200 bitcoin ATMs around El Salvador. It also bought 400 bitcoins worth about $20 million and is preloading Chivo wallets with $30 worth of bitcoin for Salvadorans who register.
(Excerpt) Read more at cnbc.com ...
Uh, this is close to incomprehensible to me, he needed to boil this down into a few sentences, then go into detail after all the points are spelled out:
“PAY ATTENTION! This Is The Scary Truth About Bitcoin” | Edward Snowden
May 24, 2021
Inner Vision
https://www.youtube.com/watch?v=2OIO5wBoQlQ
In this video, Edward Snowden lays out the fundamental problems underlying within Bitcoin. Edward Snowden also talks about the spiral that Bitcoin and her cryptocurrencies are heading. Edward Snowden further explains that this is only the beginning, and that Bitcoin needs to make major developments in its privacy factors and explains why. This is a motivational and educational video which will give you different perspective about many things, You will listen to incredible advice that is very important.
Thanks!
We sold our original crypto investment early in the year, bought into an apartment complex, and now are riding with just “house money”...
And I’m HODL!!
We (USA) are headed for a Regional Currency which will be dubbed the America’s (American) Dollar. That region will be imposed from Canada to Brazil. Everyone will sign on and have the same valuation in every country.
This American Dollar will replace the US Dollar (like the EURO).
Americans will be able to travel anywhere on these two continents both north and south, to work or vacation.
Essentially the replacement will be a DEFAULT, but masked by replacement one for one. Once the US Dollar is replaced all of the USA’s trade partners will get screwed by a replacement currency.
What we are seeing with Globalization is Russia and China getting their own economic zone.
We will see the Anglo’s possibly forming an economic zone spanning England, Assies, NZ.
The Nations of the pacific will form an economic zone.
India will have an economic zone of Influence.
Turkey is fighting now for control of a zone so as to not be swallowed up by Russia or the crumbling of NATO with Euro-land.
All the current moves of troops are this economic realignment happening right before our eyes.
Biden- the question is: Will he break up the USA into 5 regional zones within the USA under a UN mandate/plan or will he stand for our sovereign rights?
It was a fixin to drop after a pretty fast rise. It will recover.
Crypto enthusiasts seem to think that decentralization can’t be stopped. I’m not sure what to think but I’ve been studying Spanish as a plan B. I’m hoping Latin America has a long memory of what the CIA did there. Bukele gives me some hope but he isn’t bullet proof. I’m thinking countries like Ecuador would be reluctant to hop on board (Peru too). According to expats who live there, most non durable consumer goods are produced there and high tariffs are placed on imports.
Agree!
In the past 12 months, BTC IS UP +360%
A 10-20% decline is peanuts!
Are you Hugh Hodl? I am so glad to meet you....
American’s will accept a regional currency to resolve the coming default as a painless alternative - losing our national currency will come back to haunt us as subsidies go to nations politically connected as did the Euro and France in the early days of the Euro. France got the lion’s share of farm subsides as a condition of accepting the Euro.
If it were not for the NWO pushing globalization, people might actually have had an alternative of the American Dream and life and liberty, rather than serfdom. We really do need to eradicate the Royal Families of Europe and the political class of which Hillary is a star.
😁
Ping!
A More Perfect Union has the ping list for cryptocurrency.
This is more than likely an “Extra EXTRA, read all about it”.
I bought a few more ETH yesterday. I still have some bitcoin left from a buy when it first came out....$5.00 each. I also hold a few smaller ones that have done well. I have also been daytrading crypto options for awhile. I’ve done really well with crypto.
Overall, I haven't done too bad either. Trading pays the Amazon bill every month with a little left over for Samaritan's Purse, etc. :)
If I may, why/where do you trade crypto options? Also, what tools to you use?
I mostly use Tradeview and CBPro's charts/graphs.
Tumbled? Haven’t read article yet.
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