Quote from: molsewid on Today at 04:55:49 AM

Quote from: AmoreJaz on September 30, 2021, 10:00:50 PM

how many times did china ban crypto-related activities, and yet, bitcoin and crypto continue to thrive and even achieving greater heights? the adoption today is different as more countries are now open-minded with these new currencies. i don't know the motive of china why they seemed to move backward here. but don't think they can end the era of bitcoin and crypto. that's far from happening.

The cryptocurrency platform today can be classified as a much grown community where the fud even from the one of powerful country in the world couldn't take the crypto platform down just because they decided to declare it as illegal tender in their country. Though China has a largest population in the world but it doesn't mean that this might greatly affect the performance of bitcoin or the crypto platform in general in the market today because now more people around the world are open minded to adopt the newest and the revolutionary financial aspect and this is I think the reason why bitcoin or crypto platform stay strong despite of the FUD.

Though bigger countries and there FUD can't take down the crypto today then also the fear is real. The problem is with the FUD and it's after effect! If you see, whenever there is FUD (mostly from China) then crypto will crash to hell and you will start seeing the bloodbath everywhere. When BTC goes down the road, the alts follow excluding few exceptions.

The problem with this economic model is it's poor in handling such stress situation; followed by main reason of volatility.

Crypto is not staying strong really, it's being manipulated by that country and somehow I feel they are making money by that strategy. Its bad for bitcoin's economic model.