Hi guys as mostly readers would be crypto related. And China is Always big market crasher. In my point of views biggest whales always Do this with china so they can crash crypto market. So they they get always lower entries and they get higher returns to create fomo when bull market happens. So what are are your thoughts about China. If they crash crypto to 20,000 Dollars or not in coming months.
China does have some power, and they do make it go down whenever they do something, that drop from 64k to 30k was mainly because china banned miners as well. However, the long term is not affected by it at all, I agree with that. They could make it drop for a short term, whenever they say something the price goes down but it is always a short term deal where they make it drop, eventually it goes back up and even more in the long term.
I believe that there could be some Chinese politicians who have some margin trading on shorts as well, by the looks of it they like to make it drop and that is how they make a lot of money, I know that sounds silly, but at this point anything is possible.