Just this morning, I looked at my stable coin and wanted to put it to use, I was wondering what coin I would buy that will give me the quickest 20% profit in two days. I had the feeling to be patient, there might be a dip this week. Here comes the Chinese news with its quarterly announcement regarding crypto banning. Lots of coins have seen more than 7% dips after the news. This is just another opportunity to pounce on these coins and feast on the news.
It’s becoming an unnecessary news when China and cryptocurrency appear in the same sentence. Just as usual their words are beginning to sound like noise when it’s relating to crypto. It used to be every 4 years that China comes up with its crypto banning statement but recently it’s like we are getting the statement every 4 months.
As usual the regulations in China have cracked down and banned crypto trading, mining and all crypto related activities. They also want to kill the hype, and the crypto market is experiencing a red day again because of China. China is considering all crypto activities illegal, this time around the message sent came in very strong as they condemned and called every thing associated with cryptocurrencies, illegal. It is assumed that the statement was made probably because the regulations are suspecting that crypto miners are still active in the country and they are disguising their crypto activities. This just shows how powerful the cryptocurrency world is. If it was possible to ban crypto or get rid of cryptocurrency China won’t be going through this stress of banning cryptocurrency every 4 months. source
Well this is just the right time to start accumulating as much dip as possible. Especially some Chinese tokens, you will see their value dip because of the news due to anxious fear of the unknown. You can also use the DCA(Dollar Cost Averaging) technique to buy the dip to get as much coins as possible.
Remember This Is Not Financial Advise But Happy Buying The Dips
Posted Using LeoFinance Beta
I guess in the long run they will accept the fact that crypto is now part of the economic system and not ban every 4 months again.
One has to really trust his wit and not depend on the news alerts to make uncertain movements in the market.🤗