China has allowed mining of cryptocurrencies. they have been publicizing and supporting cryptocurrencies but the problem is that they are about to celebrate the Asian New Year in late January and early February 2020. I hope they will promote a new bull cycle for the whole market. crypto. At the same time, the world economy will move into a 10-year cycle, possibly a recession will occur and people will pour money into Bitcoin and cryptocurrencies.
When it comes to expectation of bull run from a celebration from any part of the country, I think that I am still a little bit very skeptical about that because people will need fund for the celebration, and some of them that has been keeping their money in bitcoin will tend to withdraw it to have some celebration, especially for those that do not have any extra money to spend.
For example, my rent is almost due and I have been looking for other ways to get money to make payment so that I don’t get to touch my savings in the cryptocurrency, all I have been trying is to no avail, so I might actually be tempted to touch it and then meet up with my rent need so that the landlord will not throw my property out, so imagine that in a year of celebration, many people pull their money out, it will surely make the market dump a little.
