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RE: Chinese Crypto Exchange Ban is FUD, Hopefully you made some cheap BTC orders!

in #bitcoin7 years ago

14 hours after you published this great post BTC-China has announced they'll be stopping all crypto-trading on September 30.

Basically, what I think is happening is: Wall Street is working with the Chinese media to deter new, young investors from wanting Crypto on their portfolios.

More and more people are choosing Crypto over Wall Street and for many, many reasons - with the big one being: Bitcoin has far-out-performed Wall Street's 11.4% for years.

More money going into crypto results in less money going into the Wall Street Trader's cocaine-wallet.

Yesterday - JP Morgan trashed bitCoin in the media. Before that it was The Wall Street Journal quoting the Chinese fake news. Before that it was the ICO news.

It's obvious to me that there's a massive media-attack on BitCoin but I don't think it's to drop prices and buy in cheap -- I think it's meant to keep the potential Wall Street traders out of the Crypto markets and filled with FUD.

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