Quote from: vv181 on September 24, 2021, 12:27:33 PM

Quote from: Ever-young on September 24, 2021, 11:31:09 AM

My question here is, is it that the Chinese government has the power to shake the market just with a mare statement

Try to compare it with the recent fake news about Litecoin and Walmart. Such big companies can even shake the market temporarily. It is no doubt that the government is able to shake the market this much. As you all know China is at its behaviour again, banning crypto for the nth time. Cryptocurrencies spaces are still early yet if you look at the bigger pictures, it able to prove cryptocurrency especially Bitcoin are here to stay. Not to mention that the regulatory issue across countries toward crypto hasn't yet been at its finest. So the volatility of the market is expected.

Quote from: Ever-young on September 24, 2021, 11:31:09 AM

And is it that people don't have faith in crypto knowing that the Chinese government don't have the power to do so?

People don't follow an authority government willingly. It doesn't mean if some countries haven't yet had clarity about crypto regulatory, people didn't believe it has potency. It is rather the opposite, people believe cryptocurrencies have a lot of things to offer rather than stick to what their governments provide in terms of monetary things.

This opinion is easier to accept. that people believe that cryptocurrencies have a lot more to offer than sticking to what the government provides