Assault of Wall Street against crypto, fault put on the Chinese. Opinion.

[int03h]

This is not true because China is a country that bans Bitcoin regularly and historically they banned Bitcoin in 2013, 2017 and 2021. After each announcement, the value of Bitcoin plummeted, then helped Bitcoin hit ATH on the previous two occasions. I believe this time Bitcoin will soon hit $100k and beyond.
I am not concerned about FUD by the Chinese government but it is Elon Musk who upsets the market by constantly posting tweets about crypto to mess up the market. I will see how long his DOGE coin can hold up this time.

[dezoel]

I wouldn't say that the fault is put on the Chinese, china is doing this to itself and they are definitely the problem here, but that doesn't mean that wall street is not guilty neither, if there was a huge amount of money sold from wall street and ruined bitcoin that is a part but we all know that between miners and the bans and everything else China definitely hold some responsibility for the fall, even Elon has a fault, and many other reasons too.

Trying to claim innocence for one place by showing how the other place is guilty will never work in crypto, the people in the crypto world are a lot more smarter than your regular average joe, so if you just say "china is innocent because wall street is guilty" they will not buy it, we all know that china is guilty, wall street is guilty, Elon is guilty, hell even Europe is guilty for not properly supporting it during this period with needed laws for the past 1 year.

[sana54210]

This is not true because China is a country that bans Bitcoin regularly and historically they banned Bitcoin in 2013, 2017 and 2021. After each announcement, the value of Bitcoin plummeted, then helped Bitcoin hit ATH on the previous two occasions. I believe this time Bitcoin will soon hit $100k and beyond.
I am not concerned about FUD by the Chinese government but it is Elon Musk who upsets the market by constantly posting tweets about crypto to mess up the market. I will see how long his DOGE coin can hold up this time.

I agree because at the end of the day we are talking about China here, they are always like that and there is at least one "banned" news from there once a month, I do not know which one is correct and which one is not because whenever I checked they ban it somehow.

I mean by the looks of it they should have been banned already so how did they ban it once again for something that is banned already? This is why I am not sure what is going on. I believe it wasn't Elon, it wasn't wall street, it wasn't china.

People are trying to put the blame on something but the reality is that people sold and if people sell that means the price will drop and that's it, some people sold and the price went down and that is the only reason there is no other reason. If people do not get this and look for a problem and a reason they are not going to find the right answer.

[TheNineClub]

Ah, political games again. It's not uncommon that politics and economy go hand in hand. But that's why I like crypto. They can disrupt it as much as they want, but crypto has gone to the point of no return and I doubt it can be completely discarded, even with political help. Maybe it will go slightly underground, but give it another cycle and we will be back in the saddle, if not a step further than now.

[int03h]

People are trying to put the blame on something but the reality is that people sold and if people sell that means the price will drop and that's it, some people sold and the price went down and that is the only reason there is no other reason. If people do not get this and look for a problem and a reason they are not going to find the right answer.

That is exactly what is happening with the crypto market and all markets. It is the psychology of investors that is the biggest flaw for big boys to take advantage of to manipulate the market. People believe in FUD and believe in chart pattern breakout to sell down. Many people have made good money selling short in each FUD.

[AndySt]

Ah, political games again. It's not uncommon that politics and economy go hand in hand. But that's why I like crypto. They can disrupt it as much as they want, but crypto has gone to the point of no return and I doubt it can be completely discarded, even with political help. Maybe it will go slightly underground, but give it another cycle and we will be back in the saddle, if not a step further than now.

Politics and economics do not just go hand in hand, but are interconnected and one flows smoothly from the other. I think that banning cryptocurrencies is a counterproductive idea and any state will eventually come to this idea. Another question is how much states agree to let cryptocurrencies into their economy, here there can already be many nuances and in different states this can be implemented in different ways. As for the point of no return, I agree on the one hand and disagree on the other - yet cryptocurrencies have not yet entered the daily life of every person to say such things for sure.

[Darker45]

"WALL Street is the best investment. USD $$$ is the best currency. Crypto is just good at losing your money."

Why should we even dignify this FUD? At the end of the day, it all boils down to numbers; they don't lie. If we let the numbers speak for themselves, saying that crypto is just good at losing money is one absolute stupidity.

Exactly a year ago, the price of Bitcoin was only around $8,000. Today, it is $39,000. Not to mention that it is already the correction price, that it has already reached almost $65,000 around a month ago. Can anybody in Wall Street offer this level of ROI?

If you bought during the ATH and sold today, then it is not about whether Bitcoin is better than Wall Street or vice versa; it is about you taking foolish actions.

Let us not talk about the USD being the best currency. There is no point arguing against it.

[BrianH]

Let me try and explain what I think is going on here.

1. Elon musk tweeted how Bitcoins is not green , blah blah blah and he proceeded to sell all his Bitcoins

2. Today he tweeted like how the future depends on lightning network.

3. He tweeted about how cryptos are a probelm etc etc in the past against fiat

4. Now he keeps saying how he prefers the cryptos over fiat.


-------


Use your neurons.
What he wants is the bring the market down ⬇️
After the market is crashing.
He intends to buy a lot of Bitcoins!!! Which then he would sell again in the future and thus he will make millions !!!!


°°°°°

Thats now all !
It's all a conspiracy.
All these big people, they actually are connected one way or the other and they keep in check with everyone in their community. Therefore if one whales tries to bring it down , the other ones are well aware and they support it! So they can all make money.

°°°°°

With tweets he just tries to influence the weak minded people and as it turns out there are many out there.

Nailed it. Elon also said Tesla would stop taking Bitcoin. The SNL skit where he said DOGE/crypto, "it's a hustle!" was no coincidence. A multi-billion dollar network with powerful backers and 10s of millions of people influenced.

My belief is he is the chosen one to help lead the sheep in the direction that the elites want. Tesla is another vehicle for this. He gets kickbacks from governments to support this initiative. They are getting rich off the weak.

[jaberwock]

I believe Wall Street did nothing wrong in the crypto world, what did they do that I am not aware of? I mean they bought bitcoin in billions of dollars for the whole past year and we are talking about the cause of it being wall street? At the end of the day, if they sold some and got out that means they did what we all want to do, we want to get into bitcoin and make a lot of money and get out as well right? That's all we want too, I would love to be rich and get out and not own a single bitcoin but have a billion dollars for example, I would probably keep most of my money in bitcoin if I have that kind of money but I wouldn't mind doing that, if you are not capable of selling then what's the point?

However I do not see them doing anything wrong. China on the other hand love crypto and blockchain but keep banning bitcoin because they hate everything they can't control, that's what dictatorship does and they want to be dictator of crypto as well.