Post
Topic
Board Altcoin Discussion
Re: Will China start Altcoin Season
by
stephanirain
on 29/10/2019, 17:13:19 UTC
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 don’t 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/

I assume that they will release their own cryptocurrency by adopting blockchain technology. China is famous for monopolizing the market but their support in blockchain itself have a good impact in the current prices of bitcoin and many altcoins. If they have their own coin in the market, I assume that they will implement it nationwide to maximize the use of blockchain technology or will try their best to gather more investors outside the country. If it is the latter, then they will soon have the power to manipulate the crypto market to their advantage if they are big enough to do so. It will be important to expect it and plan your investment and trade strategy well.