...I am now so glad I did not actually have the time to check it out.

And now even TikTok got in on the crypto bans. That said, they're also banning Forex it seems. I doubt Forex prices would be particularly affected by this, but cryptos?

BTC at the last line in the sand, next up could be a drop to 24,000.

Hmmmm....

Nbats7979 wrote: Tue Jul 20, 2021 10:50 pm Hmmmm....

I wouldn't be surprised if that happened, Bitcoin is not going all that well.

Another fail at around 30,000 and so finally looks for resistance instead.

In the light of the fact that countries are preparing to go digital with their national currencies and one got to have a digital wallet to pay anything, Crypto currencies and Bitcoin in particular won't survive unless they choose to expose user data and money transfers. And if they do that, I guess many jump ship. Not a prediction, just my personal view.

RplusT wrote: Mon Jul 26, 2021 6:13 pm In the light of the fact that countries are preparing to go digital with their national currencies and one got to have a digital wallet to pay anything, Crypto currencies and Bitcoin in particular won't survive unless they choose to expose user data and money transfers. And if they do that, I guess many jump ship. Not a prediction, just my personal view.

It's always been speculative and it's future looks just as uncertain now as ever. Yes all the big central banks are looking to go digital which must have an impact on BTC in the future and BTC's continued lack of any kind of regulation was the main reason the SEC refused to allow BTC ETFs which kept hedge funds out of the market for a long time.

It's a curse of a thing to try and trade, pump and dumps, massive spreads on leveraged platforms, whales playing around for fun (eg Musk). A broker once reported that BTC differed from most other markets in that it has a massive majority of just one type of trade entry - breakout entries, which adds to the sudden price surges between periods of calm.

True. The current situation is apparently bad enough that even Japan, which has been quite welcoming to cryptos, is gearing up to introduce a more stringent regulation.

Price maintaining a close eye on resistance, buyers haven't capitulated yet, range playing sell orders still being absorbed, plenty of breakout buy orders waiting just above.