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Topic: Bitcoin Historical Corrections - Don't worry - page 2. (Read 344 times)

hero member
Activity: 1442
Merit: 775
As we can see, China banned bitcoin many times already. I believe there is a lot of misinformation about China news, as most western people do not understand Chinese very well.
People are too blindly believing in news.

Two sides of a coin.
Do China ever accept bitcoin?
If China accepted bitcoin, ok they can ban bitcoin with their changes in policies.
If China have never accept bitcoin, what do you think with the news like that Since today China ban bitcoin.

https://www.techinasia.com/timeline-history-bitcoin-china-2013
https://www.cnbc.com/2017/09/11/bitcoin-price-falls-on-reports-that-china-is-closing-local-exchanges.html
https://www.investopedia.com/news/bitcoin-banned-china/

2020 Saw the Fewest Bitcoin ‘Obituaries’ in 8 Years
Bitcoin Obituaries Stats

Fortunately, the market will have another Xi-pump as same as 2019 Xi-pump.
After Xi, China’s Central Bank Gives Blockchain Tech a Pump. Don't believe in what China says or news you read, look at what their government do
China Reiterates Crypto Bans From 2013 and 2017 then they will reiterate the Xi-pump.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
One image that contains all information you need:



https://www.visualcapitalist.com/bitcoin-historical-corrections-from-all-time-highs/

Are you are worried about -50%? Well, we have all see this before.

This is a huge drop, but it is a common volatility in bitcoin price. A year ago we saw a worse crash, due to COVID-19 crisis.

More crashes like that will come in the future. I believe this is a normal volatility for an asset which nobody knows how much it will be worth in the future. it hasn't been well priced yet.

The worse crash of all was Mt Gox, nearly 87% down!!!!

But bitcoin recovered from all those crashes, just to be back stronger.



As we can see, China banned bitcoin many times already. I believe there is a lot of misinformation about China news, as most western people do not understand Chinese very well.
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