Quote from: blockchainmarketing on December 05, 2019, 07:49:51 AM

There are a lot of rumors about the Chinese market recently.
I wonder what's true!
I'd appreciate it if you let me know.

Everything is true and everything is a lie, it depends on which angle you look at. All relevant media in China is under the complete control of the Communist Party, you need to understand that they are using that media to their advantage.

- The Chinese president mentioned the blockchain, this is true+price is gone up, but Bitcoin and blockchain are not the same. Long-term effect of this
news are actually meaningless for Bitcoin.

- Chinese authorities have reportedly closed several dozen crypto exchange offices which operated on the black market, true or false, totally irrelevant to
Bitcoin globally.

- Binance returns to China (allegedly), they also launched their p2p trading in China (BTC,ETH,USDT against Chinese Yuan). This is partly true, but it also
has no effect on Bitcoin in US or Europe.

- China is preparing to launch its own cryptocurrency, some say it will be backed by gold. Another centralized currency that cannot become globally
accepted.

Why worry about something no one outside China has any influence on?