Every time bitcoin runs up, regulators want to put a lid on it
Ever since 2017, when apparently they weren't paying attention, every time since then when we get a nice spike some regulatory agency or political figure tries to stamp it out.
We saw it all of 2018, we saw it in 2019, and here we are seeing it again end of 2020.
Despite that, bitcoin is at new all time highs and the RSI is looking very strong.
Sees:
(source: https://twitter.com/100trillionUSD/status/1340285564847878145/photo/1)
This is from prior to the most recent dip, so we are actually a little lower than this number might indicate now, but looks just like past charts either way.
Look at both prior bull market RSI readings and compare it to where we are right now.
Seems eerily similar right?
That's because it is tracking almost perfectly along with prior rallies.
Not even this BS about AML/KYC self hosted wallets is going to change that.
The US loves to over-regulate instead of free markets sorting things out.
Are they trying to force their people to move to another country or what?
Altcoins bouncing back.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There won't be any sec resolution for a long time. Perhaps alts continue to rally in the near term.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ripple had to get legal opinions before doing anything I would have thought?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for insight and good posting.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got it, thanks for reading.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit