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Btc is on sale

Get Shredded!
Took off right when the markets closed. Dotted lines are my long positions.
 

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I've been buying dips below $45k waiting for the weekend pump.
 
BTC gapped up today right when the market closed. Did the same last Friday so it is a day early this week. Everyone is frontloading for the weekend pump. Will probably hit $50k this weekend and then start to correct itself Sunday night into early next week.
 

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Panama unveils bill to make Bitcoin legal tender

The proposal comes one day after El Salvador officially adopted the cryptocurrency.

In what could be the beginning of a global trend, Panama is exploring a fast follow of El Salvador's official embrace of Bitcoin. The day after El Salvador adopted Bitcoin as legal tender, Panamanian Congressman Gabriel Silva introduced a bill designed to provide "legal, regulatory, and fiscal certainty to the use, holding and issuance of digital value and crypto assets in the Republic of Panama."

The bill, entitled "Crypto Law: Making Panama Compatible with the digital economy, blockchain, crypto assets, and the internet," was announced on Twitter by Silva on Wednesday. In his tweet, Silva said that the bill had the potential to create jobs, attract investment and foster greater government transparency.

Source: https://www.cnet.com/personal-finance/panama-unveils-bill-to-make-bitcoin-legal-tender/
 
Probly see a sale this weekend as hedge funds can expect margin calls for Monday after today's losses in the options chain for certain meme stocks.. If they wanna pass em. They'll gut the crypto holdings first. As always.
Spy seems to have topped out st 454 and dropped down to 445 or so this week.
Debt ceiling issues. With everything going on financially. Expect a wild October. Most if not all market crashes have been within Sept and Oct.
RDT_20210910_1654015086585548819116221.jpg
 
Down 8% today
 
SB labs said:
Down 8% today
Click to expand...

Market is down 730 right now. I dont understand this stuff. If the market is taking a hit you would think crypto would be up.

Is China playing a role? They're in big trouble right now.
 
bigtime916 said:
Market is down 730 right now. I dont understand this stuff. If the market is taking a hit you would think crypto would be up.

Is China playing a role? They're in big trouble right now.
Click to expand...
Markets taking a hit. So the big firms are draining their crypto to met margin requirement.
 
https://marketrebellion.com/coinbas...eland-security-to-provide-analytics-software/

Coinbase Signs Deal With Homeland Security to Provide Analytics Software

As reported by CoinDesk, “The U.S. Department of Homeland Security’s Immigration and Customs Enforcement (ICE) branch awarded a three-year contract to Coinbase for its analytics software on Sept. 16.

The initial obligation is for $455,000 but can go up to a total of $1.37 million by 2024.
The contract with ICE is the latest in a series of contracts between Coinbase and the U.S. government, as tracked by Tech Inquiry. Coinbase’s latest contract has the highest overall ceiling of all its government deals, however.
In August, Coinbase signed a similar but smaller contract with ICE worth $29,000 to provide the border enforcement agency with licenses for its analytics software.
The exchange also signed contracts in April 2021 and May 2020 and with the U.S. Secret Service to provide access to its analytics software. Both of these contracts were initially under $50,000 in value, but had maximum values of $183,750.
Coinbase Analytics, the branch of the exchange behind its analytics software, emerged from Coinbase’s controversial 2019 acquisition of blockchain intelligence firm Neutrino.
Several members of Neutrino’s eight-person team had previously worked on projects with The Hacking Team, an Italian hacking firm that sold spyware to authoritarian governments with a history of human rights abuses.
Coinbase CEO Brian Armstrong eventually fired the Neutrino members associated with The Hacking Group, but Coinbase’s reputation for surveillance persists.”
 
NEW - China's central bank declares all transactions of cryptocurrencies illegal, effectively banning digital tokens such as #Bitcoin.
 
This is going to get interesting. Powell says they will have their own coin. They want every dime. No more cash jobs ect. Anyone think they will let crypto shine? I don't think so, they will crush em. Posting this for the first part.

https://vm.tiktok.com/TTPdjeQgaH/
 
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HODL !

Fed , unemployment and covid are giving us a nice discount.
 
This is starting to hurt a bit. I hope we get a bounce soon.
 
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