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RE: SUMMIT G20 - good or bad for cryptocurrencies? My own little summary

in #cryptocurrency7 years ago

I'm trading crypto with the broker via CFD. Which means I don't hold any coins, instead I'm buying a contract. More like gambling if crypto going up or down. I'm buying sides. I don't really care if the crypto is worth HODLing, all I care is whether my contract is profitable. Hence, asking me to discuss what's my point of view on which crypto, it's a total waste of time because I will only see what the contract said. And being a CFD trader, my transaction will never affect the actual market liquidity at all, because there aren't any "real" transaction being transacted in the "real" crypto world. U get what I mean?

As for the bank's quietly holding cryptos, will it happen? Put it this way, if I weren't voice this out, they probably quietly projecting how far they wanna bring the crypto up before they dump everything to crush the price. Or, they saw market reaction, they decided to dump it now and flush every Hodler off so they can buy back even more at cheaper price?

I don't know. I usually get things right without telling anyone. So there's a good chance market will go the other way round since I talked about it.

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Hi Dave

I think I get what you mean. Thx for your very rich reply