Image source: www.pixabay.com
Local Regulators from China orders all crypto exchange to close within September 30 this year. Caixin Global posted a tweet in its official twitter page. Previously BTCC, Chinese biggest crypto exchange announce their closure within september 30.
Today Another crypto exchange named viabtc announce its closure within 30 september.
Yunbi also announce its closure within 20th september
Just a few minutes back, BTCC China announces their full closure. It seems that all exchanges got confirm message from regulators.
The market reacted sharply. All cryptos down by significantly. I think investors are over-reacting. It is obvious that China will do something like this. More country will follow the steps of China. Regulators does not like crypto. They are crypto haters.
Is it the end of fear of Chinese regulators? I think so. Market will be down by significantly. But After this period, Crypto market will come back strongly
I am expecting comments from you about this topic.
If you like my post you can follow me @steemero for more update. Upvote is highly appreciated.
Don't worry, China has banned bitcoin many times before and unbanned it to buy up at a much lower price. Just Hodl
I wouldn't be surprised if people within the Chinese government just bought up lots of bitcoin haha..
Is this happening now? Market is bounce back sharply
Lower price for all. buy time
Bitcoin isn't going anywhere ;)!
Within one hour, Market Turns positive
It's crazy watching the price drop as BTCC are tweeting 🙈
crypto is volatile. No risk no gain
@steemero got you a $1.81 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Is this not just FUD to crash the market only to buy cheap and build confidence in this shiny digital currency once more?
I think so. may be It is buy time
True that
This post was resteemed by @resteembot!
Good Luck!
Curious? Check out:
The @resteembot users are a small but growing community.
Check out the other resteemed posts in resteembot's feed.
Some of them are truly great.
The chinese are money crazy , they are going to drive bitcoin to 10000 by year end !!
Everyone is money crazy including me :)
Im not , I believe that there are datk forces controlling everything , or i would be one rich mutherfucka now .
upvoted 😍
great blog
This is exciting. Bitcoin will go ____???
I think the Chinese people want their own system anyway.
While I was in China last month, every young person, including non-Chinese "locals", were consuming with WeChat & other apps.
I found it hard to find an ATM to withdraw cash.
Bitcoin is anti establishment and can be sold as anti China!
Many Chinese people I met are critical of their government officials but have a very optimistic outlook about their country.
China doesn't want an external force creating disharmony, and so must "blockade" against cryptos, until they create an alternative that is inherently Chinese.
China has a long history of uniqueness. You mentioned about weChat. Yes, I know they are obsessed with weChat. Luckily, I have some friends from China. Because of them I use weChat. I hope so. They will create an alternative which somewhat secure for China and Chinese economy.
The Chinese, and foreigners living in China, were very optimistic. They want to learn and improve, regardless of their status level.
They were very much in favour of slowing economic growth for a healthier environment.
I have a plan to visit China. I want to learn the Chinese language. Thank you for your information
It is an extremely diverse place.
Keep off the beaten track. Try back road dumplings. 😉
I have heard a lot about dumplings. may be very tasty