Post
Topic
Board Bitcoin Discussion
Re: Did China really crash Bitcoin again?
by
fortunecrypto
on 23/11/2019, 03:05:14 UTC
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.

Even if they stated that they are not interested in Bitcoin and only on Blockchain, I don't think it will crash the market with this kind of statement, Bitcoin and blockchain go together if I am Chinese I will support my government move to create a new coin but I don't think to dump my Bitcoin because they don't believe on it, by adopting Blockchain, they are also adopting Bitcoin.