This is big news, the third largest crypto assets by market cap has been delisted from Bitstamp due to a SEC lawsuit.
There was a panic flow out of XRP into BTC, causing a new ATH at 25k.
What next?
Nothing good; that's a huge hit to this market, especially the delisting.
Timeline: We have total lockdown within two weeks, everywhere, causing unprecedented crisis.
February: UBI scheme is announced in some advanced nations
February/March: new virus, Covid-21 breaks out
By May 2021, the Reset will have happened.
At some point, between Feb and May, the exchanges will be closed and the forex market will be curtailed.
As such, I'm not that interested in trading going forward, I'm thinking physical stuff is all that matters; and crypto assets should be stored in a cold wallet.
Good Luck,
Putrid Out
There was a panic flow out of XRP into BTC, causing a new ATH at 25k.
What next?
Nothing good; that's a huge hit to this market, especially the delisting.
Timeline: We have total lockdown within two weeks, everywhere, causing unprecedented crisis.
February: UBI scheme is announced in some advanced nations
February/March: new virus, Covid-21 breaks out
By May 2021, the Reset will have happened.
At some point, between Feb and May, the exchanges will be closed and the forex market will be curtailed.
As such, I'm not that interested in trading going forward, I'm thinking physical stuff is all that matters; and crypto assets should be stored in a cold wallet.
Good Luck,
Putrid Out
Note
I'm thinking BNB, Link, might be the best crypto bets; the BNB network is working very well.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.