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.
I have the same thing in mind. China has been doing this for the past years already and it's really amazing that they are still able to instill FUD whenever they do this. Several reports in the past have been recorded about banning bitcoin in China, but they don't really make it a permanent matter. They release a statement, and then after a short span of time, they will lift what they have said. They are doing this to make the market crash. And when they have finally made it, they will take advantage of the market crash to buy more coins at a lower position, so that when the bull market enters, they'll have large profits.
You see, China is one of the leading countries that have cryptocurrency holdings. If they will really ban bitcoin and cryptocurrency in general, they have so many to lose from the taxes and income on the bitcoin mining and transactions and the likes.