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Old 22nd June 2021, 15:07     #801
Ab
A mariachi ogre snorkel
 
The digital yuan is a wet dream for the CCP and it'll do anything to make it happen.

1. Separate from the global economy. TOTALLY centralised. Fuck the USD.
2. Expiry dates on the tokens. As in, yes you may have 100 coins in your wallet, but they vanish on the last day of the month. The CCP will be able to ban saving. How's that for control of the economy.
3. Automation of fines. Step out on to the road before the walk signal flashes? Camera snap, facial ID, antisocial behaviour gets logged against your citizen profile, tokens get deducted from your account.
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Old 22nd June 2021, 15:24     #802
Lightspeed
 
Yup, all the while the rest of the world goes the other direction. China will have to settle for the wisdom of the powerful. The rest of the world will be establishing a foundation of trust and legitimacy.

We'll see which offers the better outcomes.
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Old 22nd June 2021, 15:25     #803
Ajax
Architeuthis
 
Quote:
Originally Posted by Ab
China wants to impose its own vision of a digital yuan on the Chinese crypto ecosystem and it doesn’t give a fuck about your portfolio.
Pretty much. Central bank digital currencies are an authoritarian government's dream. All they need to do is get rid of the competition.
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Old 22nd June 2021, 20:37     #804
Trigger
Laserman
 
Quote:
Originally Posted by Ab
Narrator voice: CUMMIES has dropped 73% this week so far
those are rookie numbers, not even BTC level 99% drop yet
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Old 23rd June 2021, 02:28     #805
Lightspeed
 
Hope you got out what you wanted Nich. Just as long as you have enough to get you by until the next spike I suppose.
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Old 19th July 2021, 20:19     #806
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Trigger
those are rookie numbers, not even BTC level 99% drop yet
ANON INU just went to 0.00, which I guess makes it an infinity-percent drop.
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Old 20th July 2021, 17:25     #807
DrTiTus
HENCE WHY FOREVER ALONE
 
o_O

Look at all these buying opportunities! Bargains to be had!
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Old 20th July 2021, 18:43     #808
Lightspeed
 
I reckon its got a ways to go yet. Why would the trend end now?
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Old 20th July 2021, 19:02     #809
Ab
A mariachi ogre snorkel
 
I'm pretty much DCAing these days, I buy no matter what the price is doing. No shitcoins though.
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Old 20th July 2021, 19:17     #810
Lightspeed
 
That's what I tell everyone to do. The people who have taken my advice haven't complained so far.
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Old 21st July 2021, 12:24     #811
Ajax
Architeuthis
 
Quote:
Originally Posted by DrTiTus
Look at all these buying opportunities! Bargains to be had!

"This bear market looks extremely bullish for Bitcoin. All the weak hands will be shaken out."
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Old 23rd July 2021, 10:57     #812
Native
I... err - F*ck It.
 
Same here. I buy 100 quid a month for the last 2 years or so. Occasionally I cash out a 600 quid so it can keep buying ETH for another 6 months. My plan is to do that till I retire and take it as a bonus to life.
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