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Bitcoin is tanking following a reiteration from China's central bank that financial institutions cannot provide cryptocurrency services.

In a statement published online, the People's Bank of China warned against institutions and businesses from engaging in any form of virtual currency transactions.

Bitcoin is tanking following a reiteration from China's central bank that financial institutions cannot provide cryptocurrency services. In a statement published online, the People's Bank of China warned against institutions and businesses from engaging in any form of virtual currency transactions.

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[–] 1 pt

It is interdasting the CCP pushing an e-yuan which i understand as their "own" type of cryptocurrency. I did not did too much deeper on how that relates to the yuan-their basic unit of currency. Heh, the glowing reports i read of the e-yuan were glowing all right. The authors were Chinese. Now this. They suddenly attack bitcoin. Hmmmmm.

Anyone i have spoken with i simply say it is a risky venture. Just be prepared to win...or lose. Can you afford to lose what you put in it? Yeah, some folks making bank, but often they are folks who can sustain a loss. Some regular working fellow might not absorb such losses as well. It's a gamble. I do believe that it is more speculation than it is investment.

I know very little about this and that may be evident. But that is what i have gleaned so far. I sorta wished i got in it in the early stages. Now it really IS a crapshoot.

[–] 1 pt

I think its more interesting when you ponder the Tesla China relationship and how all of a sudden Elon goes 180 on BTC as soon as his company comes under pressure from Chinese authorities.

It's all connected and its all a game to keep the average person slaving to keep an unfair system alive.

Nothing of our modern society can be saved if we are to have a prosperous future.

[–] 1 pt

I dont know if it needs to be salvaged or tear down and start again.

It appears to be an all out tear everything down fight.

Like the one percent think that would make them safe.

Heh. Fat chance. Cant steamroll US like some second world or third world country. We still have the means to resist tyranny.

The whole economic picture is def being flipped upside down.

Which is their intent.

You say correctly that it certainly is all connected. But we are not defeated, yet! We do have American ingenuity to see us through this storm.

Folks lookin' to make some "easy money" might find it aint so easy.