Re: Bitcoin is permitted by Law, Chinese Arbitration Court Says
I was tired of all the news from China about the cryptocurrency because the news had no effect on the crypto movement other than playing on the psychological crypto users to be used by some greedy people.
hahaha i feel you man, weve been hearing negative news for a long time from china but now is different, who knows this one would be differrent, the price might react because its a positive news.I stopped caring about crypto news from China a long time ago. News from
there creates short term market movements which dont really affect me and
there may be a positive reaction to this news . . . Or maybe not.
The main thing is there are people other countries trying to do positive things
with crypto, its not all about China.
There's nothing wrong if that country wants to use crypto currencies such as Bitcoin and if they want to legalize it will be better. I think these people think China controls the market because they have the majority of mining farms in the world and people think that if a country owns a lot of mining farm most of the crypto currency flow goes through that country which is correct but it doesn't mean that they have the power to control the value of Bitcoin because all of those mining farms and crypto currencies don't belong to a single person or company it belongs to different people with different points of view and way of thinking.
Manipulation is done by Whales that hodls a huge amount of Bitcoin and a huge amount of fiat and in this way can easily control the market if you know what I mean.
