Is it going to be the end of bull market ?

[Gubre]

Well, which can tell? That is why people can say perhaps yes or maybe no.  Ismf we observe the market condition it is really hard to tell that it is already the end of the bull run, why?  Because bitcoin is moving ups and down between $18k to below $20k is the price. Something to think that we still have no final moment this year in crypto markets.

[DogeTalk]

Maybe just a little bit FUD will happen but I wouldn't believe it. I know it is valid news and I hope people will not be affected by it. I also try to find good news so as not to think as much as you think

[The Legend]

What do you mean is good or bad for the market?  the Chinese government of course will not hold it forever, sooner or later they will throw it to the market, because the amount of funds confiscated is very large, it is not a small amount, if all the confiscated coins are all sold in the market at once, I believe the market price will fall very deeply.

Completely agreed with you. 1% of circulating supply is not a joke, if they sell it bitcoin can fall 20-25% easily because of the panic sell. And because of it, whole market can see another bear season.

[Senin]

Chinese police have seized $4.2 billion cryptos from PlusToken Ponzi crackdown, according to a new court ruling.

The amounts seized by the Chinese police:

- 194,775 BTC (1% of circulating supply)
- 833,083 ETH (0.73% of circulating supply)
- 1.4 million LTC
- 27.6 million EOS
- 74,167 DASH
- 487 million XRP
- 6 billion DOGE
- 79,581 BCH
- 213,724 USDT

It will effect the whole crypto market and again we have to face the down trend. What is your opinion about it ?


Source: >Click on here<

Yes, the amounts of seized cryptocurrency in bitcoins and ethereum are very large.  After a certain time, they will be put up for official sale, and for some time the price of the cryptocurrency may fall dramatically.  I don’t think this will happen in the coming months, the law enforcement system is very slow, but it will happen anyway.  Moreover, it is unlikely that the relevant government agencies of China will take care not to collapse the market with a sharp release of large quantities of cryptocurrency.

[Dociko]

The market situation is constantly improving. Most of the coins in the market are able to create a good position. Most of the coins in the market are able to create a much better position. Most of the new projects are being successful.

[syedrasool2011]

Yes its good day btc is bullish But for altcoins if you want good coin just go and buy XRP AND ADA strong project will pump 1$ soon this will be big profit you never think hold your coins for 2020 end.

[Bony11]

I read this news from China but I have no good idea about Chinese law.  As far as I am concerned, the issue of China will not affect the cryptocurrency market. I do not think that solving the problem of China will have any positive impact on the cryptocurrency market.

[yurez]

I am not worried about this, because I think that sales will not start soon and not even next year, as cryptocurrency will most likely be sold outside the crypto market. Possibly be sold to several large hedge funds, I think so.

[Hasnain khan]

How it will carry end to positively trending business sector and start downtrend? On the off chance that tricksters are held by the police and supports recuperated, at that point it is positive information and will additionally help trust and interests into crypto market.

[tor]

I think that if the Police did not confiscate this cryptocurrency, then the scammers would sell large quantities of tokens and drop the price further, the Chinese authorities will find a more correct use of these funds, they will not sell as actively as scammers

[Crypto Guard]

I think the market will continue to have a bull run. Because the price I see is increasing continuously. and it's really a very pleasant condition. I also really enjoyed the bull run conditions. Because this is an achievement in crypto that is so valuable and huge.

[Hasnain khan]

The cryptographic money market has changed a ton over the most recent two days. All in all, the cost of each coin or token has diminished a ton. Most speculators in the market are as of now at a misfortune. I kept a few coins that hurt me. However, ideally in a couple of days the market will re-visitation of its past position. We as a whole expectation the offended party market is acceptable.

[Rafiq]

Although it is very difficult to predict in crypto, I don't think the bull market is going to end here; I believe it will last longer and reach many more heights.

[disconnectme]

With the increasing demand for Crypto from institutional investors and the demand seems not to be waning, I think some of them will jump to buy those coins, especially BTC. I think the Crypto market has entered a new level with increase in influx of big players and generation-Z, this is just the begining

[Alcor]

From the current position, we can say that the seizure by the Chinese authorities of such a significant amount in the cryptocurrency did not affect this market, since the bullish period lasted for almost another six months, until May 2021. This was one of the most significant periods in the history of cryptocurrency. We still do not have information on how the Chinese authorities disposed of the seized cryptocurrency.