RE: Current State of The Crypto Market
re:China bans
More and more I tend to think , that all those "bans" are nothing more than just a tool to a global market manipulation. What holds them away to remove those bans after some time (2-3 month, a year or two) after they made a HUGE HUGE buys on the drop-down dips ?
Almost a perfect business (war?) plan:
sell off most of your coins at peak slowly (sell because you know a DIP is comin'. It sure will come, because YOU will create it), then anounce as dreadfull BAN's as you can - share the FUD- get as huge DIP's as you can - make a massive buys on these DIPs.
And remmember, do it all on a global scale. Not local. GLOBAL. Because you can, yoy are so huge.
You are CHINA !
Why this is not a perfect weapon against the rest of the world? Against the western world (USA & EU) first of all ?
Answer me.
Yes! It is a market manipulation...
China is the largest market of cryptocurrencies. And if other nations were to ban the cryptos, I'd not have a large impact as China has.