Freaking about the reports that Chinese exchanges may close?
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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