🅱️₿ LocalBitcoins To Shut Down, Bitcoin Drops

LocalBitcoins is a huge name, even though they have no volume its closing down can definitely be felt across the market.

People tend to panic over anything and everything.

They made some really bad business decisions in the past and now it seems they are paying the price.

This will be just another minor "bump" in the road and Bitcoin will resume growing once the panic settles, the weak hands sell.

After 14-February we should start seeing better news on the Bitcoin side.

The Altcoins are doing great... That's what we trade when Bitcoin is undergoing consolidation, a correction or a retrace.

We will continue with the "Name Your Altcoin" series after Part 3 and comeback and finish part 4 and 5 when more people get involved.

We can do this monthly or bi-monthly, I'll update you on your favorite altcoins and thank you for the support.

As to Bitcoin, the only thing that will peak my attention is if we break below the $20,000 level/support. Any trading above this level and we continue 777% bullish, of course!

Namaste.

Comment:

Another piece of negative news is the fact that Staking is under attack.

Kraken is set to shut-down its crypto-staking operation.

I read somewhere that Coinbase was going to get rid of the earn program for normal users, only corporations would have access to it.

Again, this is just a preparation before the next run.
People will hold their own Bitcoins and this will make Bitcoin stronger and the price will grow, grow and grow.

Comment:

You can rest easy... We are getting support from our billionaire friends, it seems they will buy everything up, sooner rather than later... 😁