Post
Topic
Board Speculation (Altcoins)
Re: Cryptocurrency market continues to blood shed
by
adroitful_one
on 22/11/2019, 15:55:41 UTC
This is the reason
https://cointelegraph.com/news/bitcoin-drops-below-73k-as-china-vows-to-dispose-of-exchanges

So many people are putting a lot of their hopes in china but i personally never put a big expectation crypto to be adopted in short time. Remember about what already said by Xi-jinping is about blockchain and not crypto.


People really need to remember that the Chinese government is communism. If something were to happen that paints crypto and China in a bad light, they very well could outright ban all crypto in a matter of hours. This is why I tend to ignore almost anything that the Chinese government says about crypto. It will change at some point. Just let something that makes China look bad and all of those people will be out of the crypto market. Besides the ones that use VPN's or what not to get around the ban.