Yawnnnnnn not again
FUD FUD FUD, and even if true, its what 3rd or 4th time in as many months? PBOC or those misrepresenting it are starting to look pretty ineffectual.
The mantra in China is the GOV can do anything. So the people stay in line
If I was PBOC, I would be getting my %$%T in order eg shut down FUD from 3rd party sources eg Caxin, or clear it up.
Else people of China are going to see for the first time in their memory that the Central Gov is clearly powerless.
Don't get me wrong I'm not China Gov bashing as thier Gov is in someways more effective than several alternatives.
Once this faith is lost its game over China Gov.
So the Central Gov needs to sort out PBOC which need to sort themselves and Media out.
They are really looking like ineffectual dicks.
FUD FUD FUD, and even if true, its what 3rd or 4th time in as many months? PBOC or those misrepresenting it are starting to look pretty ineffectual.
The mantra in China is the GOV can do anything. So the people stay in line
If I was PBOC, I would be getting my %$%T in order eg shut down FUD from 3rd party sources eg Caxin, or clear it up.
Else people of China are going to see for the first time in their memory that the Central Gov is clearly powerless.
Don't get me wrong I'm not China Gov bashing as thier Gov is in someways more effective than several alternatives.
Once this faith is lost its game over China Gov.
So the Central Gov needs to sort out PBOC which need to sort themselves and Media out.
They are really looking like ineffectual dicks.
It is likely that the Chinese government is trying to keep the price down for as long as it can in order to acquire as many BTC as it can before "to the moon." The government can keep its power by possessing a huge amount of BTC.
)
