The economic analyst who claims Russia is about to buy more than $10 Billion worth of Bitcoin has responded to doubts about his credibility. Speaking exclusively to Micky News, Vladislav Ginko said he is a “famous public figure” in Russia and that he doesn’t answer to the “trolls” he meets on the internet.
“Between January 15 and 17 this year, the Moscow international economic Gaidar forum was held. Most workshops were dedicated to the cryptocurrencies topic,” he told Micky News.
“The prime-minister Dmitry Medvedev, the staunch ally of Vladimir Putin and the second person in Russia’s hierarchy, warned more than 17,000 forum participants ‘don’t bury’ cryptocurrencies because of (the) downward market trend last year.
“This passage reminded many attendees (of) the motto of any typical HODLer of cryptocurrencies.”
No coincidence that the cryptocurrency complex wiped nearly $6billion in value over the weekend, with Bitcoin about to cross back below the previous low – and psychological anchor – at $3500 as all of Monday’s price action is below last weeks on the four hourly chart:
The other great white hope, Ethereum was down as well due to security concerns, now off by more than 80% since it’s highs. More from Forbes:
The Constantinople upgrade was suddenly called off last week, just a day before it had been expected to go live, after a security researcher discovered a bug in the software that could let attackers steal funds.
Ethereum’s Constantinople upgrade is also part of its move to a proof-of-stake consensus algorithm later this year, from the more energy intensive proof-of-work it currently uses.
The Bitcoin bubble could re-ignite, given its fractious nature and the ability of rampers and speculators to manipulate its almost nearly unregulated exchanges. But I don’t think we’re yet in full capitulation mode here, with despair around the corner if $3500 is taken out:
It’s the FAR side of the moon, not the DARK side.
The far side always faces away from the earth because the moon’s rotational period is the same as it’s orbital period.
The dark side is always changing, depending on which side is facing away from the sun.
Blame Pink Floyd
Do you also have an issue with the dark ages?
See https://www.merriam-webster.com/dictionary/dark definition 3c 4a and 4b
Dark side of the moon is a correct term
Fair point
Naming it “Constantinople” is probably not the best choice? We all know what happened to the city at the end of the Fourth Crusade..
It did a hard fork at the hands of some new programmers! Previous HODLers lost everything.
I’m waiting for John McAfee to eat his own dick on national television.
Methinks, Joan McAfee
a tv moment that would truly define a generation (of stupidity)