BITCOIN DIARY: In the same sinking boat with Wang, the chicken farmer
'Nobody wants to be playing catch-up to the Chinese on matters of high (or low?) finance'
There's no disguising it, there's no hiding it, there's no finessing it, Bitcoin and friends are on the slide, the slippery slope, the road to nowhere. See graph below for confirmation of HOW BAD THINGS ARE RIGHT NOW: A glance at my portfolio (A heady mix of Bitcoin, Etherium and LTC) shows that I am up a mere 10% and the chances are that this may evaporate if the slide continues. (See Dutch Tulip Market Bubble of 1636) This is all to do with China, which has basically shut down crypto trading by banning ICOs (Initial Coin Offerings) and turned on the Bitcoin exchanges, which are falling one by one. The effect of this is to make the rest of the world wonder if it isn't perhaps missing a trick. Nobody wants to be playing catch-up to the Chinese on matters of high (or low?) finance. The South China Morning Post reported it thus: Cryptos, a form of virtual currency created using computer cryptography, have been under China’s regulatory scrutiny since the start of 2017, due to its explo...
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