Monthly Archives: September 2017

CHINA HATES BITCOIN

China may be on the verge of banning Bitcoin mining. From this article: China Bans Bitcoin Executives From Leaving the Country, Miners “Preparing for the Worst” Chinese media is reporting executives of crypto exchanges have been ordered to not leave the country with a very rough translation stating: “A number of informed sources say the executives of special currency trading platforms are …

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Buy the Blood in Crypto

China has Kim Jon Un’ed the Crypto world and fired a first strike. The rumor is the PBOC will issue its own digital token, possibly for trading with other BRICS, as a way to sidestop the USD. Maybe they will back this asset with gold? A Chinese digital currency sounds worse for the dollar than for Bitcoin. Get out your …

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Jamie, u mad bro? Oh, u mad.

Jamie Dimon, Grand Wizard of JP Morgan, Forger of Chains, Master of Trading Desks, Ruler of the Golden Men, Father of Bailouts and the first of his name has come out swinging on Bitcoin. Again. This is the same position Dimon has had on Bitcoin for years. In 2015 he said “you’re wasting your time with Bitcoin”. Bitcoin was trading at …

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CALM YOUR TITS, BITCOIN IS FINE

Hurricane Irma has nothing on the Fudnado surrounding Bitcoin. Let’s recap what happened this week. But first, some context: i promise it gets easier pic.twitter.com/wclu2TfWof — Jim (@JimBTC) September 5, 2017 Let’s start with: China bans ICOs. Good! ICOs are complete crap. ICOs are designed to separate fools and their money. ICOs were raising millions of dollars in hours based …

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