You are viewing a single comment's thread from:

RE: China makes the btc fall again

in Project HOPE3 years ago

Hi @apoloo1

I found it so strange to see so much of FUD on the markets. All media channels and youtubers keep talking about Evergrande, almost like if it would be something completely new.

The way I see it: Evergrande has been having huge issues for quite a while now. And this problem will not disappear or be solved anytime soon. And nothing meaningful had happened to bring more attention to this issue now. It's an OLD topic. Their liquidity crisis have been happening for several months already. And hardly anyone talked about it.
But now, it has been spotlighted moment after previous flash crash (the one that took place on "El Salvador" bitcoin day).

It's hard not to have an impression that it is well organized media campaign, which has a purpose to bring panic into the market and crash it. Bad news usually "travel" in packs. And oftern those bad news are OLD. And it's only purpose is to shake out remaining of "weak hands".

I wonder if you would agree with my point of view, or would you see things from different angle?

Cheers, Piotr

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.033
BTC 63855.79
ETH 3113.00
USDT 1.00
SBD 4.04