There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.
you can only call this as legit if we did not here even before the other recovery that happened in 2017 but we are, that from climbing to 20k down to another dumping and again increased up to almost 70k.
so how could we believe that stupid idea of bitcoin will heading to zero again.
Straight up FUD and bullshit that really fooled no one here, but I'm sure the pundits took this and ran with this as expected, helping get China's message out, which China I'm sure predicted and expected. However, this announcement by them was quite underwhelming, I'm sure they would love a do-over.
the intention is indeed BS , spreading this such word will head to nothing but laugher , I have been in this for years and how many thread that runs like this and ending to BS support.