Cramer says he sold almost all of his Bitcoin fearing China has had it with crypto. Cramer further stated, I am saying that this is not going up because of structural reasons. And, all this Cramer attributes to concerns related to crackdown on crypto mining by the Chinese government.
Important to note that previously Cramer described his Bitcoin ownership as an alternative to the cash position.
Paolo stated: Noooooo. All his 0.01 bitcoin Nooooo.
Matthew Graham, CEO of Sino Global Capital expressed, I haven’t had this opinion with previous rounds of Tether FUD. But this recent Tether crap feels like orchestrated information laundering.
Ardoino expressed: Yup. And the question is “Cui prodest?”
For clarity, Cui Prodest means uncountable. The rhetorical question “Who benefits?” as used to establish motive for a crime etc.
Community response: Yeah – who are paying the You Tubers to make the videos? Why don’t you simply publish a couple of independent and complete Audits of holdings, and close the case?
The question is where audit? Because it is fraud. Is it a Chinese commercial Paper? And, is China benefiting?
Did someone actually expect the Chinese Government to be okay with crypto? Honestly, who cares about what a manipulative communist regime thinks about the crypto market, freedom and financial independence. For, its citizens were always their enemy!
Why do we even care? Because, the network is centralized into China, what happens now? The best one I have seen so far was “The Chinese miners are relocating to the USA.”
Only Cramer would sell the bottom.
Paolo Ardoino expressed, Lightning Network growing in size and usage by the week. Now, at 0.9 BTC payment in a single TX. Sometimes, I think that the reason of why LN is so much attacked is that it definitely proves you can scale the biggest blockchain without the need of another token for incentives.
Community response was like: “Obsolete all those – we have faster and cheaper transactions coins.”
LN could be the death of USDT no? Sats are the standard. LN is just like Cardano, it has taken so long to arrive no one are bothered about it anymore.
Those who do not have a clue about Lightning Network were like: Isn’t LN somewhat an Altcoin with BTC as a collateral.
Quick profit crowd are not interested in Lightning – thankfully. Jokes on them: Real profits will be made leveraging a network that isn’t crippled by rent-seeking token holders.
