Beating Buffett Series
So disappointing!
With China’s alleged ban and attacks from JP Morgan we were praying hard (to Satoshi of course, who else?) that the price would crashed to under $3,000 (it did for a second) and stay there for some time.
It obviously didn’t happened exactly the way we hoped it would be, so that we have time to offload “hard cash” (fiat) to be converted into crypto assets.
Ok, there is not yet an official ban from China on anything yet except for the ICOs earlier this month. Thereafter BTCC and Huobi had voluntarily announced to stop RENMINBI related crypto trading in CHINA while maintaining all other businesses. I purposely use capital letters so that you can see why I have said it was an overreaction from the market.
Why didn’t I say it earlier? Simple, because I don’t want to be seen as the person defending the industry. Why should I be on defensive anyway? Do I profit from such an action? No.
In fact I would profit more if I play blind and dumb.
