I was extremely sceptical and late to the party, but Team PH has made a motsa on Bitcoin and Eth lately. I get the feeling that COVID and associated global printing of stimulus money is the best thing that’s ever happened to btc and other alt coins.Starving Pelican wrote: ↑Fri Jan 08, 2021 2:04 pmOil is used for a billion and one things in addition to making cars go. Plus Teslas are too expensive to become mainstream, at the moment anyway.YaTingPom wrote: ↑Fri Jan 08, 2021 1:37 pmWhat about Tesla and the oil companies then?Starving Pelican wrote: ↑Fri Jan 08, 2021 12:16 pmThis. And unlike other threatening tech, such as Uber vis-a-vis the taxi industry, the banking 'industry' is too world-encompassing and powerful to go down without a serious fight.
There’s definitely a push underway to stifle crypto trading. Etoro today stopped leveraged trades on crypto and put brakes on traders closing crypto positions for reasons that are unclear. They’ve also disallowed shorting cryptos by traders in many counties.
Several Western governments have flat banned their nationals from trading crypto over the platform. Ripple and US citizens being a good recent example. Many traders switched across to Binance and other platforms today in protest.
Social traders seem to be rushing to baskets of crypto, Tesla, gold, oil and to a lesser extent, other leading Nasdaq companies - irrespective of their actual business fundamentals.