Vlog #96: Glorious crypto green market day!
Monday morning is not my favorite morning and I guess that counts for most of us. I'm sure :)
But when they are like this it sure eases the pain.
It's glorious Green across the board!
After all the bad news (China ICO/Exchanges, JPmorgan) that put crypto in a downward spiral it's recovering nicely already.
None of the 'bad news', as usual, had something to do with the functionality of crypto.
Nope, it's almost always entities that are afraid of their own position saying it's bad and scaring the market.
But you can't scare them for long. Bitcoin, for instance, has died 164 times and has always come back
STEEM is also looking nice @ $1.25.
This week will be interesting. I expect more correction without big events/news.
But this is crypto. I could be waking up to -30% tomorrow because the next entity said something bad, lol.
Never a boring day in crypto.
Truth be told, the only thing that would really scare me about crypto, is a fundamental flaw in the underlying technology. And that's not the case.
The rest is all FUD.
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Very nice indeed to wake up and see oceans of green in the crypto market. The FUD narrative being spun by Jamie Dimon and the Chinese shutting down the exchanges have seemed to have passed for now. I always think it's comical when the financial sector spins their narratives to try and manipulate markets. They've been saying for sometime now that BTC and crypto is used primarily by terrorists, drug dealers and the black market for nefarious purposes. We know this is all bullshit, but this is their way of influencing the less educating masses. They spun this exact same narrative in their war on cash. They simply fear BTC and crypto as they see it as a legitimate threat to their monopoly of exhorting money from all of us and also losing control. They, along with governments, want to be able to track every penny we have and what we spend it on. They want all of our money in their financial projects, mainly the stock market, so they can shear us all like sheep whenever they choose.
Have a great Monday brother and I agree, it's going to be a great week!!
Here's the REAL reason he specifically called Bitcoin a "Fraud" (NOT just wanting to drop the price and NOT reported elsewhere) a 30-second read:
https://steemit.com/bitcoin/@thoughtchain/why-jamie-dimon-specifically-used-the-word-fraud-to-describe-bitcoin-not-just-to-drop-price-and-not-reported-elsewhere
Thanks, man! Lets look forward to a good week.
yes, I noticed that as well, all green... China's negative effect is losing its weight :)
Glad to see everything is green.. and more importantly Steem has gained whopping 12% today ...
Nice to see indeed. But for me steem is a long term hold.
for me too!
Awesome, market is really looking great (I posted about it too , feel free to check it out via my blog post) .I am sue that there will be ups and downs however as unified community, we will surely succeed. Keep steeming to more success.
Seems like people finally decided to buy the dip. Was about time. I love how a lot of important people started judging when we dropped sub 4K but we bounced back harder than ever.
@exyle yes I agree another fine GREEN CRYPTO Monday. I will make this a productive day too. First thing an oil change for the car. Then clean up around the house. Then maybe do a little eBay listing. then will see how the rest of the day rolls out...................STEEM ON !!
I hope you got all that done :)
China's negative effects may have worn off but most exchanges will close at the end of October so we should enjoy it while it lasts :)
fantastic post @exyle, yes it's nice green day after so much red and we are all happy that after all those bad news the cryptos finally find their way back up, the steem no doubt is also doing great and it's great for all steemit community, you are saying absolutely right banning the cryptos is not the right option and i am sure these govt's and bankers won't get any success in this because cryptos is now sort of viral thing and try to ban or stop viral things is impossible, enjoy your time have a cheerful week ahead, thanks for sharing.
You have a good week too!
Oh yes, I'm with you with all my heart @exyle, after a long time of turmoil in the markets all the currencies have gone up and STEEM in the forefront with them, I very much hope that the difficulties are behind :)
nice video @exyle, it's nice to see that cryptos find their momentum back and as expected the rumor is over and now we see nice green day all those bad news harm is almost over and now we should see more good green days like this, well i think these are one of those old tactics by Chinese govt. they already ban bitcoins once back in 2013 but they then regulate bitcoins in 2017 and now they ban ICO's i am sure they will regulate ICO's in 2021, so as of cryptos user i just like to say that No panic on the titanic, enjoy your week.
Have a good week yourself!