Is Really JPMorgan BGT $3M of BTC?
Jp morgan generally doesn't buy anything for themselves..
They generally buy it for a client who have invested with them..
Who knows their would be few clients who wanted an exposure to cryptocurrencies..
If you have not been living under a rock,
then you will note that Greed and Corruption run this world..
Do not do what they say, do what they do..
They have been caught out before doing this sort of thing,
telling clients to buy while they sell..
God gave you a smart brain, so use it..
In a world, where things are not all they seem..
Trust your intuition..
Will Bitcoin Sabilize Soon?
If anybody would know a certain answer then he probably would make quite a lot of money..
My point of view would be:
The big drop in value has been caused by China apparently shutting down crypto-exchanges, that’s why many Chinese are selling their cryptocoins now..
BTCC (a major Chinese exchange) has announced that it will cease operations at the end of September..
If the same should apply to the other Chinese exchanges (which we do not know yet) then you could expect selling pressure on Bitcoin roughly until end of the month, maybe a few days less..
Thereafter we should see a sharp upwards rally..
Keep blogging..
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