Bitcoin and several other cryptocurrencies are tumbling after an announcement from China’s central bank that all crypto-related transactions are illegal in the country. Red all over the crypto market, I wonder how we will bounce back from here and if China will go silent... #Club1Bch
2 comments
Phhf... I have no clue ... this come out of the bluish.... it had quite an advancement in CBDC. But on the other hand... the illegal mining operations weren't a good thing in the long term either. So, let's see what will happen this weekend. For me, every profit on positions just canceled ... but I din't think will be a quick bounce back...
China is an authoritarian shithole. Always has been. This was expected. Also, a popular investor pro-verb is "Invest in everything that China bans".