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Topic: Does China FUD matter anymore? - page 3. (Read 512 times)

sr. member
Activity: 652
Merit: 321
November 14, 2020, 07:47:04 AM
#2
News hasn't really effected the price of Bitcoin at all the last couple of years.

The crash in March this year was a liquidity crisis on all markets; people wanted fiat because of the COVID madness.

The hodlers with true conviction have just been stacking like crazy.

It's going to get volatile again no doubt (20-30% crashes in a day), but in the end it won't matter.

Any news, positive or negative, tends to be good for Bitcoin.'

Honey Badger don't care Wink
legendary
Activity: 1722
Merit: 2213
November 14, 2020, 07:38:22 AM
#1
Based on the following, I'm assuming the so-called continued crackdown on crypto in China is becoming less and less relevant if users are merely moving away from Chinese exchanges. Anyone have more understanding of this? It also seems that China changes it's mind so often that almost nothing legally sticks in the end anyway.



Quote from: CoinDesk
Bitcoin flows to Binance from Huobi reached an all-time high since the Huobi chief operating officer, Robin Zhu, allegedly went missing on Nov. 2. According to data provided by CryptoQuant, a total number of 18,652 bitcoin, worth nearly $300 million, was transferred from Huobi to Binance from that day until Nov. 11.

Source: https://www.coindesk.com/china-exchanges-crackdown-binance-huobi-okex

I still remember the "China FUD" in the past, it used to be one of the worst types of FUD I thought. Now it just reads like old news going round in a circle again.
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