Bitcoin continues flirting with higher figures! by honeychum

View this thread on steempeak.com
blockchain · @honeychum · (edited)
$37.91
Bitcoin continues flirting with higher figures!
Bitcoin again flirted with the figure $5500. I was really amazed at it as China had recently made a statement that they are looking to stop all kind of mining activities in the nation. To me, it was heartbreaking. This type of statement at this stage where Cryptocurrencies are fighting hard to survive and maintain their hipe, news like this is very depressive.

<center>https://cdn.steemitimages.com/DQmcrf8wVzkwGpDCxyRssfDzGwhKRhYtVxPkx5KkV4qcBbj/image.png</center>


Two days earlier when I read this news, the very first thing hit my mind was the upcoming crash in the value of Bitcoin. A negative statement and that too coming from China could be a setback to the struggle that Bitcoin is going through.  I was very sure that soon Bitcoin will be dancing below $4000.  As it is the nature of this coin that it never stops surprising us and soon we saw it flirting with the figure $5500. Amazing!

<center>https://cdn.steemitimages.com/DQmPVwfXk8CechjiCsVR4NGomwnuQhqA1GSn931aprSwHA3/image.png<center>

I am keen to know the factors behind this jump. It cannot be a coincidence and if it is then it gives room for something fishy.

<b>Is it about a group of people those injected in money to eliminate the negative sentiment spread by the Chinese Govt?  

Why did China make such a statement at this time? 

Is Bitcoin beyond the control of Governments already?</center>

I am trying to find my answers to these questions. Whenever Governments make such announcements, it is because of two reasons. 1. They are scared of that technology. 2. People in the Government want to take benefit from the price fall by spreading negative sentiment. Based on history, there is every possibility of point 2.  

If it is about the second scenario then Institutional investors have performed a brilliant counter-attack on Chinese Govt. Those who trust in the future of Blockchain and cryptocurrency will keep countering such attempts by Governments.

<sub>Disclaimer: Above mentioned details are based on my own research and opinion, I do not encourage anybody to make their decisions based on this post. Every individual should do their own research before investing in any cryptocurrency or public sale.</sub>
<center>https://cdn.steemitimages.com/DQmZrmcVo5Cr7staZyGvWnZkrVRp6t9NfjwFxc4HVFYmTDx/HoneyChum.gif</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 427 others
👎  
properties (23)
post_id72,921,634
authorhoneychum
permlinkbitcoin-continues-flirting-with-higher-figures
categoryblockchain
json_metadata{"tags":["blockchain","bitcoin","trading","technology","cryptocurrency"],"image":["https:\/\/cdn.steemitimages.com\/DQmcrf8wVzkwGpDCxyRssfDzGwhKRhYtVxPkx5KkV4qcBbj\/image.png","https:\/\/cdn.steemitimages.com\/DQmPVwfXk8CechjiCsVR4NGomwnuQhqA1GSn931aprSwHA3\/image.png","https:\/\/cdn.steemitimages.com\/DQmZrmcVo5Cr7staZyGvWnZkrVRp6t9NfjwFxc4HVFYmTDx\/HoneyChum.gif"],"app":"steemit\/0.1","format":"markdown"}
created2019-04-11 17:42:36
last_update2019-04-13 12:01:51
depth0
children8
net_rshares62,823,668,835,994
last_payout2019-04-18 17:42:36
cashout_time1969-12-31 23:59:59
total_payout_value28.863 SBD
curator_payout_value9.043 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,312
author_reputation65,900,527,192,856
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (492)
@bunnychum ·
$0.12
Bitcoin's decentralization is something very controversial. however, Bitcoin is designed to be decentralized. Considering most of the hash power is being controlled by 5 major companies, most of which are Chinese.

It would be interesting to see if China pulls down the lever how much more decentralized it will become. This raises a question, Is this really a piece of bad news? or a possibility for bitcoin to do miracles again? GO CHINA GO....
👍  , , ,
properties (23)
post_id72,922,668
authorbunnychum
permlinkre-honeychum-bitcoin-continues-flirting-with-higher-figures-20190411t180255041z
categoryblockchain
json_metadata{"tags":["blockchain"],"app":"steemit\/0.1"}
created2019-04-11 18:03:00
last_update2019-04-11 18:03:00
depth1
children0
net_rshares196,639,089,773
last_payout2019-04-18 18:03:00
cashout_time1969-12-31 23:59:59
total_payout_value0.089 SBD
curator_payout_value0.029 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length446
author_reputation38,705,954,145,809
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (4)
@tts · 
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/honeychum__bitcoin-continues-flirting-with-higher-figures.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
properties (22)
post_id72,923,348
authortts
permlinkre-bitcoin-continues-flirting-with-higher-figures-20190411t182113
categoryblockchain
json_metadata{}
created2019-04-11 18:21:12
last_update2019-04-11 18:21:12
depth1
children0
net_rshares0
last_payout2019-04-18 18:21:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length367
author_reputation-4,535,933,372,579
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@boomerang · 
This post has received a 43.52 % upvote from @boomerang.
properties (22)
post_id72,931,554
authorboomerang
permlinkre-bitcoin-continues-flirting-with-higher-figures-20190411t211748
categoryblockchain
json_metadata{}
created2019-04-11 21:17:51
last_update2019-04-11 21:17:51
depth1
children0
net_rshares0
last_payout2019-04-18 21:17:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length56
author_reputation3,503,034,741,265
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@steemitboard · 
Congratulations @honeychum! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@honeychum/voted.png?201904112351</td><td>You received more than 20000 upvotes. Your next target is to reach 25000 upvotes.</td></tr>
</table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@honeychum) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=honeychum)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
properties (22)
post_id72,940,089
authorsteemitboard
permlinksteemitboard-notify-honeychum-20190412t004714000z
categoryblockchain
json_metadata{"image":["https:\/\/steemitboard.com\/img\/notify.png"]}
created2019-04-12 00:47:15
last_update2019-04-12 00:47:15
depth1
children0
net_rshares0
last_payout2019-04-19 00:47:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length838
author_reputation38,705,954,145,809
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@tanishajii · 
Follow and like coment me frnd
👍  
properties (23)
post_id72,964,406
authortanishajii
permlinkre-honeychum-bitcoin-continues-flirting-with-higher-figures-20190412t092835069z
categoryblockchain
json_metadata{"tags":["blockchain"],"app":"steemit\/0.1"}
created2019-04-12 09:28:39
last_update2019-04-12 09:28:39
depth1
children0
net_rshares444,364,455
last_payout2019-04-19 09:28:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length30
author_reputation8,086,820,023
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@itripvenezuela · 
Interesante

Posted using [Partiko Android](https://partiko.app/referral/itripvenezuela)
👍  
properties (23)
post_id72,966,898
authoritripvenezuela
permlinkitripvenezuela-re-honeychum-bitcoin-continues-flirting-with-higher-figures-20190412t101551368z
categoryblockchain
json_metadata{"app":"partiko","client":"android"}
created2019-04-12 10:15:54
last_update2019-04-12 10:15:54
depth1
children0
net_rshares10,675,449,487
last_payout2019-04-19 10:15:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length88
author_reputation104,445,296,927
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@kevoc · 
The  future of digital currency is Bright

Posted using [Partiko Android](https://partiko.app/referral/kevoc)
properties (22)
post_id73,023,037
authorkevoc
permlinkkevoc-re-honeychum-bitcoin-continues-flirting-with-higher-figures-20190413t080500198z
categoryblockchain
json_metadata{"app":"partiko","client":"android"}
created2019-04-13 08:05:00
last_update2019-04-13 08:05:00
depth1
children0
net_rshares0
last_payout2019-04-20 08:05:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length109
author_reputation55,947,125,487
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@bluecryptowolf · 
China has been attempting to remove crypto from its country from some time now ,this move was expected really and truely shows to the extent of influence crypto is having oppressive governments all over the world are feeling threaten when financial freedom begins to flow through its once closed doors, just goes to show how crypto needs to continue become more versatile to over come any threat , personally i dont think china will stop mining bitcoin entirely regaurdless because their government will want to profit off it .
properties (22)
post_id73,087,158
authorbluecryptowolf
permlinkre-honeychum-bitcoin-continues-flirting-with-higher-figures-20190414t113450055z
categoryblockchain
json_metadata{"tags":["blockchain"],"app":"steemit\/0.1"}
created2019-04-14 11:34:54
last_update2019-04-14 11:34:54
depth1
children0
net_rshares0
last_payout2019-04-21 11:34:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length527
author_reputation36,307,805,477
root_title"Bitcoin continues flirting with higher figures!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
Help/Feedback