Quote from: Kyraishi on November 23, 2019, 12:35:24 AM

Quote from: Astargath on November 22, 2019, 07:46:30 PM

https://www.coincurb.com/news/china-unlikely-to-have-caused-recent-bitcoin-crash/

I don't think China was the cause of the 'recent' crash. Bitcoin has definitely been in a bad downtrend for weeks now. I'm sure these 'news' about China didn't help but that's not why Bitcoin has been doing bad all these weeks.

Er, could be a pretty big explanation for the BTC crash, the small crash does match what would happen if China went through issues, especially since that China's population isn't incredibly invested in Bitcoin, and prefer more stable coins, compared to BTC.

There are a lot of Chinese whales, and there has been a lot of speculation that has lead to the theories that a lot of Chinese people are behind the small and large price movements of BTC, although - just theories.

The thing is, this 'news' about China against Bitcoin are not news, China has banned Bitcoin trading long ago. Bitcoin has been in a downtrend for the past 3 weeks, almost.