#HODL the Crypto!

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chriscambridge
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#HODL the Crypto!

Postby chriscambridge » Tue Sep 19, 2017 1:40 pm

#HODL the Crypto!

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To everyone that understands! +14% yesterday..
Chris Cambridge is my old account; I am currently crunching through 2 new private account's.

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Woodles
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Re: #HODL the Crypto!

Postby Woodles » Tue Sep 19, 2017 3:30 pm

Not bad going, what are they worth now?

Mark

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chriscambridge
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Re: #HODL the Crypto!

Postby chriscambridge » Tue Sep 19, 2017 4:21 pm

BTC is just shy of $4000 today.

https://www.worldcoinindex.com

The joke is #HODL (hold) when it dips, and buy when it crashes. Seems the Chinese have a habit of putting out bad news, crashing the crypto markets, and then buying it en mass when the price is low (as do others) which then sends the prices above where they were previously.

And now JP Morgan are in a similar boat. The CEO called BTC fraud; And yet on the same day transaction records show that JP Morgan and Morgan Stanley were the largest institutional traders of Bitcoin backed securities!

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No surprise to find out that JP Morgan is a large part owned by the Chinese Sovereign Wealth fund. :?

No one really know what will happen in China. Some people are saying they are going to fully ban BTC/Crypto including buying and selling, crypto exchanges, as well as mining; which would be odd as China has the largest share of BTC mining Worldwide.

Either way, the 40% loss over 2 weeks, was reduced by over 14% yesterday; seems the market is not that bothered. China only accounts for 30% global BTC trade and demand is very high with or without them.

Disclaimer: Cryptos are risky investment and you could lose everything; Only invest what you can afford to lose.
Last edited by chriscambridge on Wed Sep 20, 2017 11:13 pm, edited 1 time in total.
Chris Cambridge is my old account; I am currently crunching through 2 new private account's.

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chriscambridge
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Re: #HODL the Crypto!

Postby chriscambridge » Wed Sep 20, 2017 11:12 pm

Another + 6% today.

Seems China is now saying they 'won't' ban Bitcoin (etc) Mining.

Suprise, surprise..

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Chris Cambridge is my old account; I am currently crunching through 2 new private account's.

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chriscambridge
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Re: #HODL the Crypto!

Postby chriscambridge » Thu Sep 21, 2017 6:07 pm

Seems the CEO of Morgan Stanely attempt to slander Bitcoin now has potential consequences:

Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin.

The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company's chief executive.

Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".

The influential executive last week slammed cryptocurrencies, pushing the digital currency to a three-week low.


Dimon said he would fire an employee who traded in cryptocurrencies for being "stupid".

]The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation". It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".

"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.

Blockswater said JPMorgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements, which Schweitzer said "smells like market manipulation".

Blockswater works with blockchain-based assets based in London and Austria.
Chris Cambridge is my old account; I am currently crunching through 2 new private account's.


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