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Cryptocurrency discussions / Re: If China soon welcomes crypto: strong bullrun?
« Last post by Uruhara on Today at 01:00:11 PM »Way too many people are talking about it, I remember the time when China wasn't against bitcoin, and they had bunch of miners, almost all of bitcoin mining was there, that wasn't like 100 years ago, its recent memory, and bitcoin did well but not like something unreal happened. We should definitely consider that as a good news if it ever happens again, it would be something to celebrate, but do not expect like overnight a million dollars per coin type of thing, maybe a small increase but that's about it. I don't get why people suddenly started to talk about this, and not only that but hype the possibility as well.There is a lot of talk about something like this which is also very good at building hype itself. because if a discussion is being held here about this then in other places the same discussion may also be taking place. And yes, this hype is what sometimes drives adoption itself.
And talking about China, of course this increasingly advanced economic country always attracts global attention nowadays. so every policy always attracts a lot of media news. So there's no mistaking it if China starts supporting crypto then it will be quite hype news. but yeah that won't make prices rise rapidly. Maybe a few percent increase is possible. And slowly returning to normal after the hype is over.