Is this market dump due to China banning crypto?, probably not.

in LeoFinance3 years ago (edited)

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Today's post is going to be quick and dedicated to all those who have landed in this space recently. If you google "China Banning Crypto" you will probably find recent news as this BBC article published 24h ago

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But is you go further down the results or just search under the same words adding 2017 to the sentence, you will find this other article from Business Insider

China has banned crypto more than 10 times since I've jumped into this industry almost 5 years ago. The beauty of crypto is its decentralization, so next time you see the market retracing and hear about China being responsible for that, just take a look at this post cover image and forget about charts, eventually, the market will recover and reach higher highs.

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😁 Thanks for the laugh, there is probably some kind of manipulation going on as usual. At this point in time, the BBC is a joke organization with no credibility at all in my eyes. It is not clear to me at all which way BTC is headed in the short term so I will be watching and waiting....