Have been anxiously awaiting news from china about the state of exchanges given the reports by Caixin news?
Caixin are clearly giving us a sign in their URL:
ZH = Zhong Guo = China
HODL HODL HODL CHINA !
Have been anxiously awaiting news from china about the state of exchanges given the reports by Caixin news?
Caixin are clearly giving us a sign in their URL:
ZH = Zhong Guo = China
HODL HODL HODL CHINA !
I'm thinking the prices already reflect this as a reality...I am guessing once made official will have a sell off since traders like to use such things as a reason to get people to sell and then a buy back to where it is currently...
There's more confidence in the market now and can be seen in the prices but I still think the banning is not off the table, no further warnings over the last 2 days is helping with this but at any moment a notice might be given to a big exchange and free fall can happen. The PBOC warning did include ban of fiat -> crypto and this might hit an exchange at any time
I agree...the price action suggests a hesitancy to move current prices too far from where they have settled currently...almost eerie feeling...calm before the storm...
😣 tis quite stressful
Yes it is...but fun stress!
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