China's Support Towards Crypto - Good or Bad

lol sure I like how things are turning to now

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China’s support towards crypto can be seen as both good and bad, depending on the perspective. On one hand, China’s adoption of cryptocurrency and blockchain technology could potentially accelerate their mainstream adoption and increase their value. On the other hand, the Chinese government’s involvement in the crypto market could also lead to increased regulation and potential restrictions on the use and trading of cryptocurrencies.

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Alright thanks
but why do you think China’s involvement could lead to restrictions and regulations.
El Salvador involvement did not bring such things

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China has a history of implementing strict regulations and controls over its financial system and markets, and it has been taking steps to regulate and control the use and trading of cryptocurrencies as well. The Chinese government has previously banned ICOs (Initial Coin Offerings) and shut down cryptocurrency exchanges in the country. Additionally, China’s central bank is currently developing its own digital currency, which may be used to compete with existing cryptocurrencies and limit their use in the country.

On the other hand, El Salvador’s adoption of Bitcoin as legal tender is a unique case, and it remains to be seen how it will affect the country’s financial system and whether it will lead to any regulations or restrictions in the future. However, it is worth noting that El Salvador is a small country, and its adoption of Bitcoin may not have the same impact on the global cryptocurrency market as China’s involvement.

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very very clear thank you

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Lols, just know you are not alone.
Nigeria is the Same.

If I’m good enough to know
When China about to ban BTC (CRYPTO)

I would capitalise on it as
Buying opportunity ( but fear may not allow)

Since China has big population , them adoption crypto would be good.

  • Massive adoption, usage and advancement.

It would be bad:

  • The could collectively
    With their be the controling force of manipulation in the CRYPTO market

Hahaha :stuck_out_tongue_closed_eyes:

Follow China and watch how they manipulate you to run away. These big world economies, everything is a game of chess.

If you dont move well in the game, then CheckMate.

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Evidentemente, lo mejor alejate del juego,

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In crypto, u have to be open minded. Dont base your decision on what people are thinking.

Its your money, what you think is what matters. :joy::joy:

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Esto mismo lo llevo diciendo hace tiempo, cada uno tiene una visión y una oerspectiva y solo la de uno mismo vale.
Lo que es bueno para uno puede ser malo para otro y viceversa.

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Exactly brother. People in this space are too much affected by alot of external factors and most at times following these news and things can lead you to make a wrong decision.

I saw a thumbnail on youtube, a picture of a person screaming with the inscription why i think the bull run is not over and how you have to position yourself for a massive gain

The person recommended some coins and explained why he thinks its the best i listened to him and those coins never went up from the day i saw that video, all it does is go down.

I should have stayed in my lane. :joy::joy:

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Por norma siempre suelo comprar las monedas que dicen que van a bajar, a parte de las que tengo desde que empecé que para mí me valen.

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Lols.
What if we get to know that
Their manipulation could be for
Their big gains ( Correct me if I’m wrong)

I mean the could manipulate the market
With their ban news to take off the weak hands

Which the the take opportunity to scope
The dip by boatload in silence

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Remember the weak hands you talk of are mostly the vulnerable and poor of the society who seeks financial freedom through cryptocurrency, if we use this tactics to shake them off how do we help to eradicate this thing we call poverty from the masses.

They can’t afford to lose because what they invested is their livelihood.

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You made very important point

The weak hands consist of
Larger numbers of people
In crypto… As you said
The mostly in CRYPTO for
Escape from POVERTY
As get rich quick scheme ( I don’t blame them)

I just realized the whales and bigger hands
In CRYPTO seems not to care about average
Holder.

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Hahaha say it again, if they cared about the average user, we will all moon together, but is that the case, most of the money from the poor is taken and given back to the rich in this unregulated space.

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Yes I can say it again.

MOST OF THE WHALES DONT CARE ABOUT
THE AVERAGE USER OF BELOW 1BTC ( LOLS )

THEY COULD DUMP ON US TAKE PROFIT
AND ACTS LIKE NOTHING IS WRONG ( IM NOT AGAIN
THEM TAKING PROFIT).

BUT ITS WE THE SMALL HANDS THAT SUFFERING
IN EVERLASTING DIP

As some are busy thinking whether eth is a security or a commodity, Hong Kong is busy making laws to treat Crypto as a property :heart_eyes: :heart_eyes: :heart_eyes: :heart_eyes: :heart_eyes:

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This is a very good News , adoption continues :fire::fire:

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