Long term Wall Street bear and bitcoin holder, David Tice predicts that the stock market will crash fall by 30% in a retreat that will persist for two years. Although the veteran investor is not giving the spec...ific commencement date for this downturn, he warns that when it breaks, “it’s likely to break hard and cause investors to suffer for a long time.”

https://news.bitcoin.com/wall-street-perma-bear-predicts-stock-market-crash-says-bitcoin-cannot-be-ignored-as-he-touts-gold/Show more >

https://www.coindesk.com/how-bitcoiners-should-watch-the-us-federal-reserve-meeting-on-wednesday

What to watch for at tomorrow's Fed meeting.

Another great podcast by Pomp, Don't miss it https://podcasts.apple.com/us/podcast/478-harley-finkelstein-on-entrepreneurship/id1434060078?i=1000506618877

- Shopify
- Expansion of digital economy <...br>- Competing with Amazon
- Digital as default
- Role for Bitcoin moving forward

Show more >

Bitcoin correction continues as the price is now below 30K. There are 2 main reasons why I think bitcoin will correct further and go down 24K-26K area.
1. Descending Triangle on the daily Timeframe (1d TF) ...
2. The price is below EMA 20 on the Daily Timeframe

This is a clear sign that we may see further correction for Bitcoin. Unless it reclaims 33K area, I think Bitcoin chart looks bearish for now.

Good buying opportunities will be around 24K-26K if the correction goes further.Show more >

https://blockchain.news/analysis/can-jack-ma-ant-group-meet-china-regulators-requirements

Following the suspension of its IPO, whether Ant Group will manage to restructure itself, to meet China's new t...ightened regulatory requirements still remains anyone’s guess.Show more >

Bank of Singapore, a private banking arm of OCBC Bank, has said cryptocurrencies have the potential to partially replace gold as a store of value.

- Before that can happen, though, cryptocurrencies mus...t overcome hurdles including high volatility, regulatory acceptance and reputational risks, according to a research note from the bank reported by The National News on Sunday.

- “First, investors need trustworthy institutions to be able to hold digital currencies securely. Second, liquidity needs to improve significantly to reduce volatility to manageable levels,” wrote Mansoor Mohi-uddin, chief economist at Bank of Singapore.

-If the issues can be addressed, bitcoin (BTC, +5.04%) could have a place in investors' portfolios as a potential safe-haven asset and means to diversify assets, he said.

-Cryptocurrencies offer the benefit that they are easy to move and store when compared with precious metals, though they are also prone to theft via hacking, per the note.

-Mohi-uddin doesn't see cryptos replacing fiat currencies, however, as he considers them an inefficient unit of exchange.

-“Governments are very wary of any technology that could potentially displace national currencies. This would reduce the ability of policymakers to print money during economic crises,” he added.

https://www.coindesk.com/bank-of-singapore-says-crypto-could-replace-gold-as-store-of-valueShow more >

I entered into blockchain for the disruptive and innovative technology. Watching it grow over the year has been a blast for me as well as other supporters, I'm sure.

But what I learned over the years t...hat very good chunk of people have no clue about Bitcoin and the blockchain technology behind it. They are here because of the profits and money grab. You cannot really call them supporters or adopters because at the first sign of profit trouble, they are out. IF they can't make any money, it's bye-bye for them.

I've talked to a lot of people, some really interested in the tech and some not at all and this is what makes me sad every time I think about it.

People don't understand the technology, they don't want to understand it and they don't care about it, only thing they care about is money. They heard it's good money to be made there.
When you listen to them talk, you instantly realize that they have no idea what they are talking about, nothing makes sense and they are just trying to sell you something they themselves don't understand. When you challenge them on the subject they avoid it with more nonsense or try to intimidate you by raising their voice.

There are of course people who deeply understand the technology and are very involved, which is a breath of fresh air, but every so often you stumble upon the other kind.

I can understand people looking to make a quick buck and then getting hooked up, but to never trying to understand the technology or even care about it seem like a bad news for blockchain/crypto

Just look at some scam coins like OneCoin and Bitconnect. They grabbed their money, and now they are gone, dropped from the face of the earth.
Ian Balina, withdrew his BTC in 2018 and you don't hear from him ever.
John Mcafee, where is he now? He shilled crypto so hard few years ago and now you don't hear about him.
and many many more.....

One time I got connected with a person who was a friend of a friend, interested in doing business together, rich and influential but had no knowledge of blockchain. The first thing he asked me was "is this a scam or a pyramid scheme?"... even before I could say anything.
That was his perception of Bitcoin, blockchain and crypto.

These types of people make the industry and technology look bad altogether.
However, bad marketing is marketing also. At least people hear about Bitcoin and blockchain.

But...

Is this how adoption takes place? Bunch of people who are in it for the money and scram at the first sign of trouble?Show more >

This is how adoption looks like. Everyone is getting involved.
It's still not too late to buy, Bitcoin is early stage still.

https://www.coindesk.com/harvard-yale-brown-endowments-have-been-buying-...bitcoin-for-at-least-a-year-sourcesShow more >