In the last month, not only has China banned initial coin offerings (ICOs), but cryptocurrency exchanges, too.
Peak to trough, the cryptocurrency market fell 44%. Bitcoin fell 40%.
The price action is scary. But as I’ll show, regulatory bans by China don’t stunt growth in the long term. In fact, China just provided us with a buying opportunity.
China’s new regulations haven’t been the death of any of these industries. And it won’t be the death of bitcoin or cryptocurrencies.
Based on history, it’s the opposite. China has given us a big buying opportunity.
In the last month, not only has China banned initial coin offerings (ICOs), but cryptocurrency exchanges, too.
Peak to trough, the cryptocurrency market fell 44%. Bitcoin fell 40%.
The price action is scary. But as I’ll show, regulatory bans by China don’t stunt growth in the long term. In fact, China just provided us with a buying opportunity.
China’s new regulations haven’t been the death of any of these industries. And it won’t be the death of bitcoin or cryptocurrencies.
Based on history, it’s the opposite. China has given us a big buying opportunity.
Are you the author?
https://www.caseyresearch.com/china-just-handed-us-a-bitcoin-buying-opportunity/
I am trying to get other people opinions on this subject.
Did you bought on the pull back?
Since then it is up 200%