China is going to launch its own cryptocurrency soon, after 5 years of research. It’s most likely going to be a cryptocurrency version of the Yuan and thus it will be a stablecoin.

Bitcoin is rejected again at $12k again, now sitting at $11.4k. Will it be stable for the next few weeks and provide altcoins some time to pump?

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19 COMMENTS

  1. A critical look at the charts shows we still have a lot of resistance to the upside based on volume profile even though it is likely we are about to or gradually started going bullish Already. The most obvious of them being $10,367 with several other significant key levels in between which must be surpassed first. What bitcoin need now for sure is not just higher lows but higher highs of course. This is somewhat a bullish sign but its not good enough to place a bet on. The most favorable approach is to buy more coins now and then, find a way to multiply your holdings so eventually when the bulls become stronger, we would have amassed a fair amount of bitcoins. Using this approach has been great for me because it has helped me avoid unnecessary expenses as I channel a certain percent of my earnings to trading and consequently, increasing my holding base in cryptocurrency. Mr. Dominic may be in a better position to assist you in creating a plan and working to achieve it as he did with me when I first met him. Contact his (Dominichowells@Aol .com or WhatsApp +44-7427-465-172) ? and my personal experience with him and the markets generally is that it is much easier to earn consistently good returns by following the trading signals and strategy of a much better, successful trader

  2. You say follow the money. That's what the market did. It exited from alts. Then you say greed will always happen so they'll pump again. These reasons are ridiculous. The alts move on greed, not for being a viable project. Therefore everyone knows they're scams and with more regulations coming month after month, smart money won't touch them. You got scammed. The simple difference is there are alot of people that will never sell their btc because they think it's the future. Is there any alt that you would never sell no matter how high the price? No. It's a scam tool. The ATH's for btc stay on the right side of the chart, going higher every cycle. Whereas alts ATH's are on the left. Ask yourself is there any shitcoin that can set new ATH's even with regulations. That would actually be a reason to invest.

  3. China is all about centralized control that goes back to the philosophy of Confucius. A China cryptocurrency will be tightly controlled. Bitcoin, on the other hand, is all about democracy, decentralization and consensus. They are two diametrically opposite philosophies. Just saying….

  4. Deeponion uses the TOR network to send coins across the web that ensures users information is secured and anonymous. That prevents private institutions and individuals to trace transactions and public addresses. Deeponion continues to enhance and implement its technology by using Zero-Proof Knowledge and will soon release DeepSend. It has a max supply of 25 million coins and it has been featured on many mainstream media such as Forbes Top Privacy Coins.

  5. There's a lot of interesting opinions out there but right now, I am trying to make good BTC stock in my portfolio before it moons. Early on I traded most of my BTC for alts, but got hammered on those. I still have high hopes for a few of my alts, but many of them turned to garbage and only worth pocket change compared to what they were. That proves beyond reasonable doubt that btc is king and even though its not easy stocking up, I started trading lately after reading on a forum about Christopher Weigle who has helped a lot of beginner and even advanced traders make huge gains trading via his daily signals. I knew almost nothing but with his guidance, I traded and grew 2 btc into 6 btc’s within 2 weeks and I got to find out I could have even done much more than that if not for my busy schedule. Christopher is a genius trader and should be emulated by other good traders. He can be reached by mail (weiglechristopher@gmail com) for any assistance related to making good gains from crypto trading

  6. You made me think that human psychology not learning with the alt coins cycle is the same with humans not learning with mistakes from a long time ago leading the planet naturally taking care of eliminating mass population…

  7. At the time of writing, Bitcoin is trading up nearly 4% at its current price of $10,035 and is up significantly from daily lows of just over $9,500. This price surge came about after a long period of selling pressure that was first started in late-June when Bitcoin failed to break above $13,800 and was perpetuated earlier this month when BTC rapidly surged to $11,000 before facing a swift rejection that will send it up again. I actually may not be as good as i sound but i am smart. I researched and follow Mr. Alfred Churchill for trade patterns and signals which have been so accurate, easy to use and good my portfolio is exploding with profit. I suggest him Email: churchill.alfred1@ gmail com OR via Telegram/Whatspp: +1 813 421 4693 for all who seriously want to make incredible profit from bitcoin without having to just buy and hold which is easiest to do but very unproductive right now and most likely in the future

  8. Sheep's are easy to manipulate. But you're right quinten _ lots of you tube influencer have zero clue and zero investor mindset. Frightening !

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