Quote from: semobo on October 02, 2021, 06:51:19 PM

Quote from: Finestream on October 01, 2021, 04:53:40 PM

Quote from: Kong Hey Pakboy on October 01, 2021, 03:09:17 PM

Slumps is a big word, bitcoin is doing just fine so I really don't see how the Chinese ban made a difference, people has learned overtime that if China is involved, it's better if you don't panic at all because things will eventually smooth out.

I don't see it either. Bitcoin is still in a good shape with its present price at $47,600 so this new banning from China has never affected bitcoin that much. Even the whole crypto market is doing fine this time. Gone are those days that every time China makes a FUD, bitcoin will struggle all of a sudden. And all other coins crashed by then. But this time, there is no much effect as bitcoin continues its momentum to go up, followed by those potentials coins in the market.

Ban news caused a little red trend to be honest but in no time the trend reversed and now back on track hope the 50K resistance will break and the price will continuw to grow. What else China can do because they tried everything as they can to stop the decentralization but nothing really worked in long term.

This has happened before so for others, it may be bad news, but for others hell, this is an opportunity. Nevertheless, a lot of FUDs have been recently posted from different platforms, trying to manipulate the market as well as create chaos. China seems to be repeating history again, but for sure it is also for their gain. They have known what has happened before, probably they so they saw this coming and a lot of them surely benefited from this one.