Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Chinese just provided a blueprint for how to kill bitcoin. Outlaw fiat deposits but allow withdrawals.
Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.
Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.
Of course it does. Adoption follows speculation. We are at the speculation phase.
While fiat blocking is certainly a BTC weakness right now, not all countries can just shutdown exchanges as easily as the Chinese can. Getting real sick of China's shit right now though, hahaha.
Not a healthy foundation.