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@NBS @Cosmic Way beyond my paygrade but interesting nonetheless.

Thanks for the responses, much appreciated.

@NBS @Cosmic ahh, so one of the reasons wall street is hesitant to get into BTC is because it's so difficult to hedge

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@NBS So the principle is that technical analysis of more correlated assets gives a better signal/noise ratio?

One might say 7.5 being resistance for the 2018 top and support for the 2021 summer lows shows weight, if only for confluence with a trade in BTC/USD.

I'll check out the Russel 2000, thanks.

@Effortless@noagendasocial.com kinda respect Young for sticking to his principles, the doublethink/ignorance of this article is hilarious though

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@NBS

Comparing instruments like BTC/SPX like this... bullshit or no?

Not the technicals in this chart but in principle.

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@yogthos@mastodon.social China fixes this right

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@skells What happened to the requirement to accept legal tender? It's not being enforced.

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@skells There's a limit to how specific i can be, but if you're doing business with someone who refuses to accept cash and you no longer have a bank acct, that debt just piles on the penalties. Yet a bank has a right to refuse business to anyone.

@koherecoWatchdog what are the most egregious breaches in your view? please be specific

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@skells btc is only viable when 2 parties opt to use it. If your utility company, mortgage lender, and tax collector only accept bank payments you’re stuffed. Laws forcing legal tender acceptance are getting ignored more and more.

@koherecoWatchdog with bitcoin on the horizon, is the juice worth the squeeze?

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