{"id":14297,"date":"2021-02-13T06:39:58","date_gmt":"2021-02-13T06:39:58","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=14297"},"modified":"2021-02-14T18:06:00","modified_gmt":"2021-02-14T18:06:00","slug":"news-commentary-1287-bitcoin-black-swan","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=14297","title":{"rendered":"News Commentary #1,287 |  Bitcoin &#8211; &#8216;Black Swan&#8217;&#8230;?!"},"content":{"rendered":"<p>We see more and more controversial opinions and views on how bitcoin should look and work in the future. Together with <strong>extreamly positive<\/strong> news like this for example:<\/p>\n<blockquote>\n<h1 class=\"sc-1t633a1-0 sc-1td8nyy-6 haFsWr byVKCJ\">Move Over, Miami. Andrew Yang Wants New York to Be Bitcoin \u2018Hub\u2019<\/h1>\n<p>Former Democratic presidential candidate Andrew Yang wrote: \u201cAs mayor of NYC\u2014the world\u2019s financial capital\u2014I would invest in making the city a hub for BTC and other cryptocurrencies,\u201d<\/p><\/blockquote>\n<p>we can also see a banch of <strong>extraemly negative<\/strong> news, that may entail certain consequences for the entire cryptoindustry in the near future&#8230;<\/p>\n<p><em><strong>*I urge all investors to pay attention to both sides and make the most informed decisions for themselves..<\/strong><\/em><\/p>\n<p>Below are shortened examples to help you understand the different vision about cryptocurrency nawadays:<\/p>\n<blockquote>\n<h1 class=\"sc-1t633a1-0 sc-1td8nyy-6 haFsWr byVKCJ\">India Will Ban Bitcoin, Says Senior Finance Ministry Official: Report<\/h1>\n<h2 class=\"sc-1t633a1-2 sc-1td8nyy-7 hpoTBW RJznp\">According to a report, India&#8217;s draft bill that will ban Bitcoin and other cryptocurrencies in the region is set to be passed.<\/h2>\n<p><img decoding=\"async\" class=\"alignnone size-large\" src=\"https:\/\/cdn.decrypt.co\/resize\/1400\/wp-content\/uploads\/2019\/11\/india-meity-national-blockchain-strategy-02-gID_2.jpg\" width=\"100%\" height=\"\" \/><\/p>\n<p>India&#8217;s draft bill to put a complete ban on cryptocurrency transactions will likely be passed, according to a senior Finance Ministry Official speaking to\u00a0<i>Bloomberg<\/i>\u00a0on the condition of anonymity.<\/p>\n<p>The official said that, when the bill gets passed, cryptocurrency holders and companies will have a transition period of between three to six months in order to wrap up their activity.<\/p>\n<p>&#8230;<\/p><\/blockquote>\n<hr \/>\n<blockquote>\n<h1 class=\"sc-1t633a1-0 sc-1td8nyy-6 haFsWr byVKCJ\">&#8216;Black Swan&#8217; Author Nassim Taleb Dumps Bitcoin<\/h1>\n<h2 class=\"sc-1t633a1-2 sc-1td8nyy-7 hpoTBW RJznp\">He\u2019s advocated for crypto in the past. But for now, it has &#8220;failed,&#8221; he says.<\/h2>\n<p><img decoding=\"async\" class=\"alignnone size-large\" src=\"https:\/\/cdn.decrypt.co\/resize\/1400\/wp-content\/uploads\/2020\/06\/taleb-coinbase-gID_1.jpg\" width=\"100%\" height=\"\" \/><\/p>\n<p>Nassim Nicholas Taleb,\u00a0<i>The Black Swan\u00a0<\/i>author and frequent tweeter, wrote today that he\u2019s in the process of dumping his Bitcoin.<\/p>\n<p>\u201cA currency is never supposed to be more volatile than what you buy &amp; sell with it,\u201d he said. \u201cYou can&#8217;t price goods in BTC.\u201d<\/p>\n<div class=\"tweet-embed-container\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe loading=\"lazy\" id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1360276917992230919&amp;lang=en&amp;origin=https%3A%2F%2Fdecrypt.co%2F57628%2Fblack-swan-nassim-taleb-dumps-bitcoin&amp;siteScreenName=decryptmedia&amp;theme=light&amp;widgetsVersion=889aa01%3A1612811843556&amp;amp\" width=\"100%\" height=\"200px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1360276917992230919\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p>He also asserted that the culture around Bitcoin has been taken over by \u201cCovid denying sociopaths [with] the sophistication of amoebas.\u201d<\/p>\n<p>It\u2019s an apparent 180 for Taleb, who\u2019s advocated for crypto in the past. Last year, in response to a post about restrictions on foreign currencies in his native Lebanon,\u00a0Taleb tweeted, \u201cUse Cryptocurrencies!\u201d<\/p>\n<p>He\u2019s also levied some angry tweets at Coinbase, and\u00a0said he planned to close his account.<\/p>\n<p>In 2018, Taleb wrote a short piece called \u201cBitcoin,\u201d in which he called the asset \u201can excellent idea.\u201d<\/p>\n<p>Earlier today, one Bitcoin devotee asked Taleb for more clarity on his new position, and was met with a harsh response:<\/p>\n<div class=\"tweet-embed-container\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe loading=\"lazy\" id=\"twitter-widget-1\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-1&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1360277980271038473&amp;lang=en&amp;origin=https%3A%2F%2Fdecrypt.co%2F57628%2Fblack-swan-nassim-taleb-dumps-bitcoin&amp;siteScreenName=decryptmedia&amp;theme=light&amp;widgetsVersion=889aa01%3A1612811843556&amp;amp\" width=\"100%\" height=\"200px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1360277980271038473\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/blockquote>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions &#8211; <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN &#8211; please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We see more and more controversial opinions and views on how bitcoin should look and work in the future. Together with extreamly positive news like this for example: Move Over, Miami. Andrew Yang Wants New &hellip; <a title=\"News Commentary #1,287 |  Bitcoin &#8211; &#8216;Black Swan&#8217;&#8230;?!\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=14297\"><span class=\"screen-reader-text\">News Commentary #1,287 |  Bitcoin &#8211; &#8216;Black Swan&#8217;&#8230;?!<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[139,4091,5035,3545,2189,3544,3669,3546,3547,4265,5034,5036],"class_list":["post-14297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-india-ban","tag-bitcoin-info","tag-bitcoin-investment","tag-bitcoin-news","tag-bitcoin-price-update","tag-bitcoin-update","tag-bitcoin-updates","tag-crypto-ban","tag-crypto-india-ban","tag-ethereum-india-ban","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,287 | Bitcoin - &#039;Black Swan&#039;...?! - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=14297\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,287 | Bitcoin - &#039;Black Swan&#039;...?! - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"We see more and more controversial opinions and views on how bitcoin should look and work in the future. 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