High Fives To Those Who Bought

For those who want to know what did and didn't happen. If you like hype, stay away as this is none of it.

1. China is not/has not devalued the Renminbi. China unpegged it last year and the dollar went into a bull market; translation: the Renminbi will depreciate for a season.
2. China doesn't care about bitcoin. At all. My article lists some reasons. It has better investments.
3. Last time the bitcoin community panicked about nonsense (Coinbase), I banked. You are listening to people who don't see all the moving pieces.
4. If a "government threat" scares you about bitcoin, you REALLY shouldn't be here in the first place as this space will always have rumors about governments.

Most people are not cut out for bitcoin. The constant "CHINA CHINA!" is proof of this. Most of this year, China has had well within the range of normal volume (last night was ironically an exception because they were buying - see that - BUYING). Bitcoin is growing much further than just China and if you don't see that, you really don't belong here.

PS: Sellers, thanks for the cheap bitcoins!

Submitted November 04, 2016 at 10:40PM by timfcrn http://bit.ly/2e9869n