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RE: Are the Chinese Manipulating the Bitcoin Market? Should You Sell Your Bitcoin before It All Goes Down the Drain?
Yes. I believe that crypto assets are here to stay. I just think it is better to cash out, say $50,000 or so if one can do that, instead of holding everything and possibly ending up with nothing. Unless, of course, the person holding already has wealth. LOL! #steemit!
Wise thinking. Because even though bitcoin has regained a little bit from the dip (which is making a lot of novice investors rejoice), the technical chart is indicating a very weak gain and we're yet to see another major slap in the face.
And yes China has a great influence on bitcoin, making it less of a decentralized currency; people should wake up and see that, because it defeats the whole purpose of bitcoin. China has become the Wallstreet of Bitcoin, and we all know what happens on Wallstreet.
Good analogy about Wallstreet. That is so true. It's a bit scary to me because it could cause chaos in other areas of life.