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❕NEWS Chinese Investors liquidates their USDT for Chinese Yuan

Josemendez

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Following the Chinese government crack on bitcoin Mining, major exchange sites has witness a surge in the rate of Usdt, BNB , ether and other stable coins conversion to Fiat currency.

This has affected the market negatively and investors outside China are just looking out to see how the market will survive.
 
I think the market may just be in the shape for a while and it is better we see China out of cryptocurrency market then we know the strength of the market and possible ways the market can easily recover.
 
This is not too surprising and we would likely see more with the digital version of China's fiat taking root now more than ever. I think only those who could somehow manage their accounts remotely will hold on to their Cryptos.
 
I think the market may just be in the shape for a while and it is better we see China out of cryptocurrency market then we know the strength of the market and possible ways the market can easily recover.
I think in coming years , China and other top influential personalities will not be able to manipulate the cryptocurrency world anymore because of mass adoption
 
Mass adoption is necessary to stabilize cryptocurrency market, China is not reliable on anything that doesn't originate from them , they eventually pull out with time.
 
Mass adoption is necessary to stabilize cryptocurrency market, China is not reliable on anything that doesn't originate from them , they eventually pull out with time.
Their time of controlling most aspects of the world will soon come to an end . It has not really been easy for investors due to their actions
 
Their time of controlling most aspects of the world will soon come to an end . It has not really been easy for investors due to their actions
Honestly because bitcoin dropped below $40,000 today which shows the bearish moment is still much on , if they should reverse their decision cryptocurrency will pump.
 
Honestly because bitcoin dropped below $40,000 today which shows the bearish moment is still much on , if they should reverse their decision cryptocurrency will pump.
It was sad to see this happen. Just yesterday I thought that the bullish period is here but things has not really been great for cryptocurrency world today
 
It was sad to see this happen. Just yesterday I thought that the bullish period is here but things has not really been great for cryptocurrency world today
It is my hope that it doesn't go below the $38,000 and possibly regain as fast as possible , I think there are wishes than actions in cryptocurrency at the moment.
 
It is my hope that it doesn't go below the $38,000 and possibly regain as fast as possible , I think there are wishes than actions in cryptocurrency at the moment.
You have said it well. If there are continuous actions by investors especially by holdl and buying more ,then there won't be much downtrend.
 
It is likely that until the Super man eventually buy additional and the market pump it will oscillate others to begin investment into the market again.
 
It is likely that until the Super man eventually buy additional and the market pump it will oscillate others to begin investment into the market again.
He should just be mute with the affairs of cryptocurrency , he has bitten more than he can chew. His manipulation is quite much.
 
It's like china is just bailing out on the cryptocurrency market that everyone is in and that they just want a market or currency for themselves, It's like china shutting down digital currency or crypto borders
 
It's like china is just bailing out on the cryptocurrency market that everyone is in and that they just want a market or currency for themselves, It's like china shutting down digital currency or crypto borders
That's exactly what's happening, they want to have their own version of cryptocurrency or digital coin . @Josemendez, I tried to recall if such market manipulation was so obvious because MUSK Invested heavily on bitcoin.
 
That's exactly what's happening, they want to have their own version of cryptocurrency or digital coin . @Josemendez, I tried to recall if such market manipulation was so obvious because MUSK Invested heavily on bitcoin.
He has sold part of his investment in bitcoin and he has also made it clear that Tesla won't accept bitcoin as payment option .
 
Recall his last week Sunday tweet was that Tesla will begin to accept bitcoin payment when he has seen about 50% improvement in renewable source of energy for bitcoin mining and he will also be buying more.
He has sold part of his investment in bitcoin and he has also made it clear that Tesla won't accept bitcoin as payment option .
 
That's exactly what's happening, they want to have their own version of cryptocurrency or digital coin . @Josemendez, I tried to recall if such market manipulation was so obvious because MUSK Invested heavily on bitcoin.
Well kinda not surprising considering that it is china, a country where it wants everything to be own by them, and a world domination in their mind for their one china policy or whatever
 
Well kinda not surprising considering that it is china, a country where it wants everything to be own by them, and a world domination in their mind for their one china policy or whatever
I am trying to understand the motive of China.
Could it be that China is on the move that the world uses their own digital yuan and dump cryptocurrencies or what?.
 
Recall his last week Sunday tweet was that Tesla will begin to accept bitcoin payment when he has seen about 50% improvement in renewable source of energy for bitcoin mining and he will also be buying more.
Yeah and tommorow he can also say that since there is no improvement that Tesla will sell even the remaining percentage of bitcoin
 
Yeah and tommorow he can also say that since there is no improvement that Tesla will sell even the remaining percentage of bitcoin
The way out here is for more countries and companies adopt cryptocurrencies because the rate at which few individuals accumulate bitcoin the market will be monopolistic in future.
 

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