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No one can really ban Bitcoin, not even China.

I came across an article from Bloomberg explaining that OTC platforms are going full steam ahead in China. Here is the article: “[Crypto Traders Defy China’s Crackdown With Secretive Bets](https://www.bloomberg.com/news/articles/2021-05-30/crypto-traders-defy-china-s-crackdown-with-secretive-bets)”.

So despite threats from the Chinese government, investors are still trading Bitcoin.

You can’t stop a revolution in progress like Bitcoin and the cryptocurrency revolution.

China can ban and threaten its people with sanctions, but the Chinese want access to cryptocurrencies. They will always find other ways.

What is happening in China is a lesson for the rest of the world in my opinion.

Rather than trying to ban Bitcoin and cryptocurrencies, governments should seek to accompany this revolution that will not stop from now on.

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The post No one can really ban Bitcoin, not even China. appeared first on Crypto new media.

Is This a Bear Trap? Major Market Movement Coming for Altcoins, According to Analyst Tyler Swope

Crypto analyst and YouTuber Tyler Swope believes that prevailing sentiment might drive traders into making a big mistake just before the market makes a huge move.

In a new video, Swope tells his 247,000 subscribers that he believes bears are going to get left behind as Bitcoin gears up for the next leg of its market cycle.

 

“We are smack-dab in the middle of the bear trap, A.K.A. (also known as) we are still in the awareness phase of this hypercycle.”

According to the YouTuber, the awareness phase is when the first sell-off occurs prior to sustained growth that leads to new highs.

With the assumption that the crypto market is still in the early stages of the boom cycle, the YouTuber predicts that altcoins are set to go parabolic.

“Because if this is true, the bear trap, altcoins across the board are going to go parabolic once again in that mania phase. They call it mania for a reason because everyone and everything goes crazy. You could throw a dart at a spinning dartboard of different altcoins and pick a winner in the mania phase.”

Per Swope, one of the altcoins he expects to go up is meme coin Alchemist (MIST).

“One of my top picks for just that is Alchemist Coin, MIST. Why are they still one of my top picks? One Word…..MistX.

The analyst explains that the Alchemist project recently launched MistX, a decentralized exchange that mitigates front-running or back-running risks.

“MISTX is the world’s first FlashDEX, a.k.a it’s the first time in Ethereum history that regular users and traders get access to Flashbot’s technology!

Flashbots is a distributed and decentralized research and development organization, whose goal is to help solve the problems associated with MEV (Maximal Extracted Value)…

Transactions via MistX do not publish user transaction information to a public mempool, but instead bundle transactions together in Flashbots bundles. This effectively hides the information from front-runners and thus prevents your transactions from being manipulated, front-run, or sandwiched.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Is This a Bear Trap? Major Market Movement Coming for Altcoins, According to Analyst Tyler Swope appeared first on Crypto new media.