in

WHY Does Chinese Economic Issues Effect The Crypto Market? Well… It’s OUR FAULT…

WHY Does Chinese Economic Issues Effect The Crypto Market? Well… It’s OUR FAULT…



View Reddit by Capulous7217View Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

4 Comments

  1. I am seeing so so many post in cryptocurrency sub about how they are either selling now to buy later or have made good profit and its time to sell now.
    Idk it dosent feel right. Its as if some big players are trying to get it cheap.
    I also dont think china’s evergrande event will be as large as everyone is making this out to be..
    So far just smoke no fire.. but things can change quickly!
    But idk i am just another guy so dont take my word on it…

  2. tldr; China’s authoritarian ban on cryptocurrency trading and mining means that news from China triggering crashes in crypto is caused entirely by people outside of China panic selling, and including crypto among the assets they’re dumping. Currently, when Chinese investors sell assets in a panic sell-off, it won’t include crypto. China made their stance clear, their economy is to have no ties to cryptocurrency, period.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

What do you think?

Uniswap Price Analysis: UNI retests $18.3 support, prepares for a rally higher?

Coinbase vs. SEC SkyBridge's Anthony Scaramucci On Why Coinbase Will Survive Regulatory Threats

SkyBridge’s Anthony Scaramucci On Why Coinbase Will Survive Regulatory Threats ⋆ ZyCrypto