Re: Will China start Altcoin Season

Quote from: jamesashmore1964 on October 28, 2019, 06:21:35 AM

I hope so!

In my opinion many Chinese are feverishly opening accounts right now to invest
Chinese search engines are reporting the Chinese are searching this topic feverishly!
If these guys start investing in the projects that are on the Chinese list of preferred projects I dont need to tell you what will happen.

As an example, I am invested in Cardano and it is on the list and they also have a solid presence in China

https://www.tronweekly.com/iohk-bringing-cardano-ada-closer-to-chinese-market/

I am not telling you to buy Cardano it is an example. There are many projects on the Chinese preferred list.

List is here:

https://news.bitcoin.com/china-rankings-37-crypto-projects/

This Chinese altcoin fomo doesn't make any sense to me, but that's market forces for you. Markets are just fomoing for the keywords, not the rethinking the content of the words Xi used. Imho it doesn't last, the real altcoin season is not here yet. This is just a China-themed blind fomo that's happening now and that's not only happening in crypto btw.