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Blockchain Backer

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15 May, 4 tweets, 1 min read

This is the most "Fear" we have seen in the crypto market in the last 13-months.

Leaving this hear to revisit it later:

Bitcoin = $48,300.

Three days ago, Elon Musk said he won't accept Bitcoin for Tesla vehicles.

Yesterday, Jack Dorsey said Square won't be buying Bitcoin any longer.

Months of euphoric narratives, then, sudden climate change shift.

Always fun to keep an eye on what the narrative was at the time. Right now, the retail investor narrative is clear, "Don't buy Bitcoin because Elon Musk and Jack Dorsey aren't because it's bad for the environment".

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@BCBacker

16 May

The XRP community is pretty excited right now. So, I'm just throwing this out there to show what's been happening.

Remember, we are still in a range.

1/3

And, the price action over the last day has been a 0.702 retrace of the down move from April 6 - April 12.

Ranges can be brutal. And they can take a long time, revisiting the upper and lower boundaries. As for breakouts on the USD chart, we don't have any just yet.

2/3

We just have to be patient, and for me, the real excitement starts once the last fib levels can crack with conviction, which is around $1.75.

3/3

Read 4 tweets

Blockchain Backer

@BCBacker

31 Dec 20

In yesterday's video, I considered those issues as the "real" issues in the SEC's accusation. And it’s just that, an accusation by the SEC. Ripple can defend and prove it all wrong. There are 400+ paragraphs. Out of all of them, I found 3-4 that troubled me. 1% of them.

1/13

@jchatterleyCNN

However, those issues have been eating away at me. And as a community, it seemed as if it was voodoo to discuss them. Fortunately, someone in the community did a great job finding where Brad mentioned on to @jchatterleyCNN that “institutional investors” received a discount.

2/13

Now, whether that is right or wrong, it's at least out there! It's not some "big secret". That makes me feel better about Ripple, that they aren't hiding that.

But, as a community, we avoided these topics. Lots of "theories" about the instrument and SEC agenda.

3/13

Read 13 tweets

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