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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (170665)	4/18/2021 8:52:20 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217615

rumour-mill says USA officialdom action coming I say bring it on let us find out just how anti-fragile bitcoin is against the USD In what passes for thinking these day, Turkey facing a currency run, puts in capital control, and bitcoin goes down from tippy-top, a natural, and the MSM concludes ... I thank MSM and look forward to further-long COIN and finance by shorting MSTR puts. This is fantastic. finviz.com barrons.com Bitcoin Is Falling. Blame Turkey. By Callum Keown April 16, 2021 3:34 pm ET A physical imitation of a Bitcoin at a cryptocurrency "Bitcoin Change" shop, near Grand Bazaar, in Istanbul, Turkey on Sep. 24, 2020.AFP via Getty Images Bitcoin fell early on Friday, after Turkey’s central bank decided to ban the use of cryptocurrencies for payments from the end of the month. The Central Bank of the Republic of Turkey (CBRT) cited a number of reasons for the ban, including a lack of “supervision mechanisms” and “central authority regulation” for crypto assets. It said that market values can be “excessively volatile,” adding that digital wallets can be stolen or used unlawfully and that transactions were irrevocable. The benchmark cryptocurrency slipped 4.8% to $60,341, after reaching all-time highs above $64,000 earlier this week ahead of crypto exchange platform Coinbase’s initial public offering. Ether, the world’s second-most prominent crypto, also fell 5.2%. “Payment service providers cannot develop business models in a way that crypto assets are used directly or indirectly in the provision of payment services and electronic money issuance, and cannot provide any services related to such business models,” according to the new regulation. The CBRT said it had taken the decision amid a rise in the use of crypto assets to make payments. Last month, Tesla Chief Executive Elon Musk said Americans could now buy a Tesla with Bitcoin and that people outside the U.S. would be able to do the same later this year. Electric-car maker Tesla said it acquired $1.5 billion worth of Bitcoin in February, announcing plans to also use it as a form of payment. Online payments service PayPal also started letting U.S. customers purchase items with cryptocurrencies at the end of March. But the CBRT said crypto asset payments came with “significant risks.” “It is considered the use in payments may cause nonrecoverable losses for the parties to the transactions due to the above-listed factors and they include elements that may undermine the confidence in methods and instruments used currently in payments,” it said. Turkey isn’t the only country looking to take tough measures on digital assets. India is reportedly set to propose a law banning cryptocurrencies and making trading or even holding assets punishable with a fine. The bill was included in a government agenda in January, which also referenced plans to create an official digital currency issued by the Reserve Bank of India. “The bill also seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses,” according to the agenda.

To: Cogito Ergo Sum who wrote (170665)	4/18/2021 9:17:59 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217615

confirmation, eCNY for cross-border use 2022 that would mean saturation-use domestically before cross-border use If so, both gold and BTC should get a boost 2022 In line with scheduling expectation for 2026 TeoTwawKi / 2032 D.I. bloomberg.com China to Focus on Domestic Use of Digital FX First, Zhou says 18 April 2021, 20:33 GMT+8 China’s initial plans for a digital currency weren’t motivated by considerations of cross-border use and it will focus on the domestic use of any such currency first, the former head of China’s central bank said. There are many issues with using a digital currency across national borders, according to former People’s Bank of China Governor Zhou Xiaochuan. International use could affect monetary policy independence, and it’s important it isn’t used for crime, he said Sunday on a panel at the Boao Forum in China. China’s central bank is currently testing the use of a ‘digital yuan’ in various pilot programs across the country. There’s no timeline for rolling this out nationwide, but the PBOC intends to increase the scope of its tests, Deputy Governor Li Bo said on the same panel. The central bank is planning to test the cross-border use of the digital yuan at the 2022 Beijing Winter Olympics, where it could be used by both domestic users and athletes and visitors from overseas, Li said. — With assistance by James Mayger Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: Cogito Ergo Sum who wrote (170665)	4/18/2021 8:19:47 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217615

Following on to Message 33286237 we now have ultra bullish news flow on par w/ Team China past weekend's tee-ing up of unrestricted gold import As guessed at earlier Message 33285961 , RMB <=> BTC <=> Gold <=> USD, GBP, CHF, AUD, CAD, YEN, ... shall happen any fiat try to unplug shall perish, with varying ferocity, either Zimbabwe-ed, Argentina-ed, or Turkey-ed, and any fiat plugged in shall be zinged For have sense that unrestricted war is coming since Teams USA and Japan, Australia, UK, and Canada, are begging for it on the China as well as the Russian fronts newsbtc.com Why A Central Bank of China Official Said Bitcoin Has Major Role in the Future For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia, per a report by Colin Wu. Bo said Bitcoin and cryptocurrencies should be regarded as alternative investments and revealed China is studying regulatory policies towards these assets. The official clarified cryptocurrencies are not legal tenders and further added stablecoins will “required stricter supervision” for them to be widely adopted. Bo said: Although this regulatory rule is the minimum regulatory rule, there are still regulatory rules. And it is necessary to ensure that speculation in such assets will not cause serious financial risks. In other words, before we figure out what regulatory rules are needed, we will continue to maintain the current measures and practices. In the event, Bo was accompanied by the Former Governor of the Central Bank of China Zhou Xiaochuan highlighted “finance”, cryptocurrencies, and digital assets should serve the “real economy”. Later, Xiaochuan said he has a “question” about whether Bitcoin and digital currencies have “benefits” for the real economy. China’s digital yuan, attack on Bitcoin and the dollar? The Central Bank of China is developing its digital RMB or digital yuan. Currently, the institution is testing and developing for their central bank digital currency (CBDC) user interface, wallet, and other features. The People’s Bank of China Deputy Governor said the government is not aiming to “replace the U.S. dollar” or any other currency. Bo claimed the CBDC has been designed to “facilitate trade and investment” and expect the market to “choose” the best way to do so. As reported by Dovey Wan, founder partner at Primitive Crypto, the digital currency and electronic payment (DCEP) is being tested in the province of Shenzhen. Its first integration could come from government installments, Wan said: (…) some municipal payment and public economic activity will be first adopted, then merchant adoption. China is really good at deploying new tech infra–at large scale, this won’t be exception. Bitcoin (BTC) is trading at $55.776 with 8.1% losses in the daily chart. In the weekly chart and monthly chart, BTC has 7% and 3.7% losses, respectively. BTC with moderate losses in the daily chart. Source: BTCUSD TradingviewChina seems to have been affecting Bitcoin’s price action in the past day. Analyst Willy Woo said BTC’s price crashing was due to anticipation of miners “going offline in China”. #marketupdate, breaking it down, post mortem. We just saw the single largest 1-day drop in mining hash rate since Nov 2017. The hash rate on the network essentially halved, causing mayhem in BTC price as it crashed. pic.twitter.com/zzdgDikjXt — Willy Woo (@woonomic) April 18, 2021 Also, the increase in sell pressure during the weekend was enough to trigger a lot of liquidations of “short-term speculators”. Therefore, BTC’s volatility has been rising. Woo said he still is long-term bullish.