Community post
China banning exchanges - Was it planned?
We all know the media plays a huge role when it comes to the cryptocurrency valuation. People are well aware trading in crypto is high risk. So the slight bit of news and people panic and sell, this is well known.
What if this news was all planned? I mean as soon as it hit $3k is shot back up immediately like everyone had their buy orders ready. Some quick profit for a lot of people.
What's your thoughts on this? I mean a lot of people with deep pockets can manipulate ANY coin at any time.
https://www.youtube.com/watch?v=WXkwBU1aAYk
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Replies (1)
It would suprise me if you mean that its an coordinated plan. I doubt it. In the end with or without China, Bitcoin will remain strong imo. It survived many pullbacks. It will be interesting what miners will do though. A lot of Chinese miners dominate the market.