Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: The Legend on November 27, 2020, 12:38:06 PM
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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 (https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown)<
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I am not familiar with the legislation of China, but I think that by a court order, bailiffs will have to sell all these coins. In this case, it can negatively affect the prices of these coins and all cryptocurrencies in the crypto market. I think we need to keep an eye on this case.
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We do not know clearly on this issue in China, that the police are actually capturing and mastering this volume of crypto. And more importantly what they will do with them, maybe they will sell them to fund back to the investors.
However, as far as I know, the existence and trading of cryptocurrencies in China is not allowed. So it is also possible that the entire crypto asset will be fundraised for country :)
I think PlusToken is not the reason why the price of many tokens has decreased recently, because 1% of the total supply of BTC cannot cause the price of BTC to drop 12%/day. It was just a market correction after a big price increase.
Of course the PlusToken scam had a negative impact on the crypto market but that was the time right after the project was exposed, now many people have forgotten that event.
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How it will bring end to bull market and start downtrend? If scammers are held by the police and funds recovered then it is positive news and will further boost trust and investments into crypto market.
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There were already various similar problems, but nothing serious with the cryptocurrency market usually happened, of course, the confiscated amounts are very huge and it is not clear how they can affect the cryptocurrency market, but so far these news has not affected the cryptocurrency market in any way and I hope this problem will be resolved somehow on a positive note.
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Early of the day, i have read the news and became shocked to see the amount of the cryptocurrencies which is $4.2 B. That's a massive amount that Chinese Police have seized from PlusToken Ponzi. Today it has a negative impact on cryptocurrency red bloody market. Two days ago, Paypal suspended a few crypto related accounts for suspective behavior. It put a bad impact on price which down the crypto market and already marketcap lost by $50B within 35 hours.
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No, the Bull market will never end until 2021. yeah you will see the price going down but this kind of moment only last in a short time, and the Bull market will back and increase slowly until 2021
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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 (https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown)<
I don't think it will affect the crypto market, because cryptocurrency is not only applied or moving to one country only.
So, it is only China that has that kind of issue anyway. And besides, plus token has nothing to do with crackdown price in the cryptocurrency or Bitcoin.
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dollar cost average and once you have a position you like you don't touch it
Bitcoin had a long run from $10.5k to $19.5k
it will be interesting to see how bulls react to this. If we fall below $15k then that would suck
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The cryptocurrency market has changed a lot in the last two days. In other words, the price of each coin or token has decreased a lot. Most investors in the market are currently at a loss. I kept some coins that hurt me. But hopefully in a few days the market will return to its previous position. We all hope the plaintiff market is good.
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By itself, the event of the withdrawal of billions of dollars of cryptocurrency from scammers in China cannot negatively affect the cryptocurrency market. This is a normal, positive process that I hope will continue in the future. However, if, by a court decision, large amounts of cryptocurrency are put up for sale, then this may lead to some short-term decline in prices in the market.
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I think the government of every country should not seize bitcoin or cryptocurrency assets. I think such laws hurt the economy more. Because if there are big cryptocurrency traders inside the country then I think the country will go a long way. So cryptocurrency should get a lot more support in every country.
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I don't know about the Chinese constitution, but it looks like they will sell the coins to make up for the losses to investors. Or they will just keep it, as evidence of crime. :-[
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That great value can be said to be Ponzi?
Wuooaaahhh is very harsh in the world of cryptocurrency in China.
I don't understand the rules in China but with these values, at least I can clear up any existing rules if I live in the area where I live.
Then for the effect on the market, well, I hope it doesn't go down because if the price goes down it will be very painful.
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The PlusToken ponzi operation is now considered to be on the top of the heap among many scams that affected humanity, mostly recently with the coming of cryptocurrency into the scene. It can be amazing how millions of Chinese maybe both inside and outside the country had been fooled to be a part of this scheme. Now, that billions of value of digital assets have finally been seized, there is now the question on when the government will dispose of them and how this act alone can affect the whole crypto space. Well, any negative effect will depend on how resilient is the market in taking in this avalanche of sell-offs. I am still hoping that the bull run we are in will not be killed with this news. Sadly, developments in China can still affect the direction of this global industry.
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Cryptocurrencies market not depends only China market but also depends on others countries support. More than three years ago China also banned cryptocurrencies but firstly market dumped but later Market again bumped. So don't be surprised ,, market would not finish .
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Not at the moment. To be fair, I have little time to focus on what I already have, let alone acquire anything new. Last year at university and all.
And, of course, space is a concern as I have mentioned before.
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Bitcoin has plenty of scope to extend its current rally, a price indicator suggests, even as the cryptocurrency is fast closing in on the record high near $20,000 set three years ago.
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I think it is detrimental to cryptocurrency to attack any company or individual class. I think it can be a heartbreaking incident for the users. If the police run such activities, the cryptocurrency market will suffer a lot. So I think every country should accept bitcoin. Should be used as a medium of popular transactions all over the world.
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Not at all. I think that bullrun is still ongoing and it offers good time for taking the profits. Additionally, there may be some market correction but of course, it will be increasing again and again. This is good time for bullish market of crypto.
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I think cryptocurrency assets should not be confiscated by any government. Because cryptocurrency resources are the future for the country. Cryptocurrency resources play a much bigger role in the country's economy.
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I think that it is still in the bullish market time. moreover, the BTC price is already hit the ATH. Well, after a long time ago, finally BTC can really break the ATH again. ANd the altcoins are also following. BUt it is still in the beginning. The price still does;t rise as high as what happened in 2017.
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I think this news will not affect the market price in any way. Now the bull market will continue and will end next year. This is my personal opinion.
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The Chinese Police was so very fast to take some action on the criminal like them, I'm amazed. I believed that supply they seized will be locked and it will hold that for ever. Just saying :D
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If it is happen then definitely the bull market will be down due to the effect of the news. But i am not sure about that though your are giving the source. Actually crypto market is moving by the different types of news or hypes. It is difficult to predict what will be happen next day. Already the news published but market is in up rising mood. So i think that won't make any effect.
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I think cryptocurrency is much more popular all over the world. So it would be best for the government of each country to approve the cryptocurrency.
However, if the administration of any country confiscates them, the cryptocurrency users will suffer more. So I think the administration should refrain from these.
There should be a big change in the market. I think the price of high level coins will increase in the market. It is hoped that cryptocurrencies will improve in the future.
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In Cryptocurrency market, continuously a lots of good and bad news coming but all events can impact but temporarily. One can't hamper the market at all. So I think it would not be finished at all.
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Seems like it's just the beginning 8)
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I think it is even more important to approve and use cryptocurrencies around the world. I think if a user is attacked by a government administration. Then that user is much more damaged. And at the same time the user has to pay a lot of price. However, arresting such investors or users inside the country harms the country's economy.
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As you see, this news market's effect goes down, but after coming news about LIBRA bull run also started again, so I think coming days more market will grow.
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It can be but there is no effect on the market. It is increasing. This is very difficult time for investor. They can not Decide what will have to do. Some investor fall in vacillation.
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I don't think the case will affect the possible bull run this year. Actually, if that will bring the market in bear, bitcoin should be in decline now. However, the market saying differently as bitcoin is approaching the maximum value at $20,000+. More likely, we could see bitcoin cross $20k in the couple of days.
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If the Chinese government decides to sell all of these assets, that would cause a lot of sell-side pressure. But if the Chinese government decides to hold them or take a much more long-term then it actually might be really good news.
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In my opinion, the bull run is still going on, and even now it can't even be called a bull run. Because the increase, I even see it is still happening and increasing. although it got down every now and then.
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Nope. Crypto moves on. What happened in China would not affect worldwide usage
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Wouldn't it be too soon if the bullrun era ended now? At least if you want to repeat the bullrun of the past. so at this time, the bullrun is still going on. it's just that maybe this year there will be some market correction. I believe that the altcoins era has yet to come. So the bullrun isn't over yet.
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Let's not just conclude on this matter that the seizing of 4.2 billion token from plustoken is the main reason crypto market is failling, I believe that the law of gravity has not been averted whatever that goes up must also come down meaning that the price of crypto must surely go up but however let be at watch on the issue weather is it really the problem.
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I don't think it can lead the market into a negative direction. Compare to a total supply of each crypto, the amount that had been said is still not much in order to change ceased the momentum of bull run.
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I don't think they (Chinese police) will be able to sell these crypto assets. It is possible that they will send back the assets that have been sent, back to their respective investors' wallets. So there will be no problem with the crypto market.
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Seems this news was nothing affected in the crypto market because currently the bitcoin price is still high and it seems those amounts was just a cents in the market. Anyway plus token was one of the biggest scam of cryptocurrency history but bitconnect is the no.1 biggest scam of all.
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What happened, why did the Chinese government make a confiscation of these Crypto assets, What's wrong ?! Maybe this will affect the Crypto price if the coins are sold simultaneously, but I don't think that will happen. Because the Chinese government will keep the coins and will not sell them.
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What happened, why did the Chinese government make a confiscation of these Crypto assets, What's wrong ?! Maybe this will affect the Crypto price if the coins are sold simultaneously, but I don't think that will happen. Because the Chinese government will keep the coins and will not sell them.
We don't have any idea about Chinese government. May be they can sell it whenever bitcoin is touch it's ATH. If they will sell it we can see a massive drop, which will effect all of the traders.
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We don't have any idea about Chinese government. May be they can sell it whenever bitcoin is touch it's ATH. If they will sell it we can see a massive drop, which will effect all of the traders.
Of course Bitcoin will be in a better position. It is true that I currently have no idea about the Chinese government. However, in the future the cryptocurrency market will be affected a lot. People review about ATH. I also keep up-to-date ideas with them.
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There is a lot of talk about bull run. But bull run is very necessary for the bitcoin market. I think the bitcoin market should change. When the price of a coin falls one percent in the market, a lot has to be lost. Sometimes a lot of cryptocurrencies hurt me. So bull runs are needed.
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As you see, this news market's effect goes down, but after coming news about LIBRA bull run also started again, so I think coming days more market will grow.
The way these news are rolling out seems manipulated to me, probably because I have sold and exit the market. Have you noticed something about Btc recently, as soon as the Btc tried to cross over in MACD indicating a sell pressure, they bring something that swallow bears to liquidated short markets.
I am having this vibe of Btc doing new all time by crossing over $20k
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It will not stop the growth of the market, I think there people will also understand what they will do if they start to merge all at once!
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In fact, it cannot end the bullish market. We are already in December and the bullish season still continues. I think it has a big chance to continues till the next year. I am not sure to state till what months in the next year, but it probably continues a long time. Really hope that all parties will support the bullish in the crypto market, including whales or big institutions in the crypto business. If all parties can cooperate to support it, then the bullish trend to stay longer.
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Actually, we have not yet reached a new all-time high, which is why the bull market is not over yet. Of course, we must not forget that there will still be significant price fluctuations, since when the next high price is reached, many users will sell their bitcoins to earn money and then buy again when prices fall.
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As the crypto is there's always time for the crypto market rise and fall depending on the high level of demand and supply which means some alts has to rise in value irespective of who is trying to oppress the existence of cryptocurrency they can't change the that this is the era we are, which is the era of digital currence.
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What was happened cannot affect the possible bull run. Bitcoin or let me say cryptocurrency is not just around China, it is global. Actually, we are smiling bull run soon if my observation is correct every 3 years Bitcoin pump. If we cannot see it this 2020, there is another chance in 2021.
I hope once it will happen, we have tokens to increase.
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Actually, we have not yet reached a new all-time high, which is why the bull market is not over yet. Of course, we must not forget that there will still be significant price fluctuations, since when the next high price is reached, many users will sell their bitcoins to earn money and then buy again when prices fall.
This time we did not noticeably come to the top. But I think the bull market started a long time ago. Only now can we see it. Most likely, a correction will come soon, as it will be difficult for bitcoin to overcome its previous high. But do not forget about the dollar inflation, which has passed for 3 years. $ 20K in 2017 is worth as much as $ 25K in 2020.
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I don't think it willaffect the market much because these are seized by police and they will not sell them. So it is not the end of bull run from my perspective. But everyone should keep an eye on the market because everything is possible in crypto.
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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 (https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown)<
well I've seen it on the opposite side. The amount of currency they are holding is much more high. these quantities if could take away from the circulation could surely shorten the supply thus an increase of price can be attained if we are to follow the law of supply and demand. anyways, let's wait in the coming days if it could influence the price movement.
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Currently cryptocurrency is much more popular. So the price of high level currencies in the market increases a lot. Currently most currencies make good positions. The future of cryptocurrency is very bright. So we investors wait for the bull run of Bitcoin or other coins.
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I believe bullrun will last at least a year. Now - only the very beginning, and so far there are no prerequisites for the end of bullrun. Now more and more people are entering cryptocurrency ... The digital yuan is very close.
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The chinese government said the funds will be confiscated and put back into the goverment purse. it is a win win for the government and the people. i ma sure it have bear effect on the market because the government will utilizes this funds in a favorable manner and not to dump it back into the market. since the cryptocurrency has been recognized globally, china will make good use of the funds,
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It will effect the whole crypto market and again we have to face the down trend.
Don't worry, this news won't affect the market trend much! You can see that no big impacts on market trends after those issues spread out. I assume that even if it has impacts, it should be only for a temporary impact. We are still in the process to go to the big Bullrun, so just be patient a bit.
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i ma sure it have bear effect on the market because the government will utilizes this funds in a favorable manner and not to dump it back into the market. since the cryptocurrency has been recognized globally, china will make good use of the funds,
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.
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Inevitably, this will lead to a decrease in the price, I also think that Bitcoin is no exception, because China is the leader of the cryptocurrency, any fluctuations in it will lead to general instability.
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Oboy! Thats news is been up for over two weeks now, well I'm just getting a hint of it and I will say thats a huge some of money to be acquired by some mere Ponzi schemes. How true is this? Well if that's really true, then the police confiscating this will cause a serious backlash in the market.
Asking if that could result to endnof bull market, i do not think so as i strongly believe the market is still in a full infancy stage and thus we still have a huge bull market to witness ahead in time.
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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.
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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
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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.
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Chinese police have seized $4.2 billion cryptos from PlusToken Ponzi crackdown, according to a new court ruling.
The amounts seized by the Chinese police:
- 194,775 BTC (1% of circulating supply)
- 833,083 ETH (0.73% of circulating supply)
- 1.4 million LTC
- 27.6 million EOS
- 74,167 DASH
- 487 million XRP
- 6 billion DOGE
- 79,581 BCH
- 213,724 USDT
It will effect the whole crypto market and again we have to face the down trend. What is your opinion about it ?
Source: >Click on here (https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown)<
Yes, the amounts of seized cryptocurrency in bitcoins and ethereum are very large. After a certain time, they will be put up for official sale, and for some time the price of the cryptocurrency may fall dramatically. I don’t think this will happen in the coming months, the law enforcement system is very slow, but it will happen anyway. Moreover, it is unlikely that the relevant government agencies of China will take care not to collapse the market with a sharp release of large quantities of cryptocurrency.
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The market situation is constantly improving. Most of the coins in the market are able to create a good position. Most of the coins in the market are able to create a much better position. Most of the new projects are being successful.
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Yes its good day btc is bullish But for altcoins if you want good coin just go and buy XRP AND ADA strong project will pump 1$ soon this will be big profit you never think hold your coins for 2020 end.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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
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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.
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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.
We all know, crypto currency is unpredictable.
But If we saw the past, I think It's the bearish time.
But don't worry, We will see several bullrun during bearish
We can get profit from it.
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Yes it is absolutely true because most of the people have started believing in crypto market crypto market is increasing day by day crypto market will shine like sun in coming time.
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Why do you think it will create a downtrend? Do you think China will sell those BTC in the market now? I do not think so. China loves crypto and they also have a big investment in BTC. they will keep these funds in their treasury and investing crypto in the chain is banned for their people not for the imperialist government.
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Why do you think it will create a downtrend? Do you think China will sell those BTC in the market now? I do not think so. China loves crypto and they also have a big investment in BTC. they will keep these funds in their treasury and investing crypto in the chain is banned for their people not for the imperialist government.
Many big investors are from Chinese.
So, I think China will support bitcoin and crypto currency at the coming future. China has a plan to have own crypto currency, Let's see.
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In my opinion, the bull market is still not over because when the price movement of cryptocurrencies collapses like what is happening at this time because bitcoin still has a base price, maybe some time in the future the price will rise again when there is good news.
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end bull market ?
I think It's not the end of the bull market.
I personally still believe crypto will have several bull run.
Although many investors said It's the bearish season, But I see market is still strong.
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end bull market ?
I think It's not the end of the bull market.
I personally still believe crypto will have several bull run.
Although many investors said It's the bearish season, But I see market is still strong.
Market will pump again, but maybe short pump.
I think It's bearish season mate.
We will see the bullish season again at 2023 or 2024.
Let's see.
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end bull market ?
I think It's not the end of the bull market.
I personally still believe crypto will have several bull run.
Although many investors said It's the bearish season, But I see market is still strong.
Market will pump again, but maybe short pump.
I think It's bearish season mate.
We will see the bullish season again at 2023 or 2024.
Let's see.
Many investors starting to hold now, Buy more and hold the coins which they believe will pump again and will give more profit while bitcoin halving 2024.
I have done it, starting to hold.
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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 (https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown)<
Yes , I think the bull run will end at this year.
It's bearish season, So I think almost all of crypto currency will struggle and we will see several corrections of bitcoin and altcoins..
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Its hard to say but i can say this was the longest bull cycle we have ever seen. For 1.5 year crypto market was in a bull cycle and many people earn a hell lot of money. I think its time to give some back to the market. Do not be so greedy and always manage your risk if you do not wants to end up being dumped by the whale.
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There are so many new project in the crypto world and every project seems to be very promising at first but end up wrongly. Most importantly its not about investing in a new project but investing in one with a well detailed roadmap and erudite team. Yesterday i came across a project called MCOIN which read and see that the project M-coin aims to disrupt the cloud storage industry by eliminating the current industry barriers. M-coin network is working on the development of a reliable cloud data storage that promises low costs and security for the user’s data.
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Its hard to say but i can say this was the longest bull cycle we have ever seen. For 1.5 year crypto market was in a bull cycle and many people earn a hell lot of money. I think its time to give some back to the market. Do not be so greedy and always manage your risk if you do not wants to end up being dumped by the whale.
Yeah, we must be careful, I think whales will make dump at this year although market still seem strong.
I think It's bearish season, So time to buy more now.
Buy several potential coins and hold
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Polkadot, polkastarter, solana, Polygon Matic, Terra Luna are very good altcoins to buy in this dip, the usefulness of these assets is why they always recovers pretty fast than others. So invest carefully and earn big profit.
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The cryptocurrency market always alternates between bear and bull market periods. The high price volatility of cryptocurrencies forces the market very often into sharp price movements. Therefore, any such movement will have a beginning and an end and will be replaced by the opposite. For the cryptocurrency market, this is absolutely normal. In addition, since November last year, the price of bitcoin has fallen by more than 50 percent and still cannot recover yet. Therefore, the bullish period is long over. We expect the next wave of price growth.
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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 (https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown)<
Take note if ever all these coins are truly happened, better to sell the coins in any of them you have in your wallet. However, if this is applied only for the China's ruling well, we have to respect what rules they have though I don't have any idea about court ruling in China anyway.
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The cryptocurrency market always alternates between bear and bull market periods. The high price volatility of cryptocurrencies forces the market very often into sharp price movements. Therefore, any such movement will have a beginning and an end and will be replaced by the opposite. For the cryptocurrency market, this is absolutely normal. In addition, since November last year, the price of bitcoin has fallen by more than 50 percent and still cannot recover yet. Therefore, the bullish period is long over. We expect the next wave of price growth.
I think current market is bearish, but market is still strong.
I don't think bitcoin will dump until 20K USD, because bitcoin is still strong and recover be again when dump.
Believe it market will have several bullish at this year.
Because investors still believe in crypto currency.
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The cryptocurrency market always alternates between bear and bull market periods. The high price volatility of cryptocurrencies forces the market very often into sharp price movements. Therefore, any such movement will have a beginning and an end and will be replaced by the opposite. For the cryptocurrency market, this is absolutely normal. In addition, since November last year, the price of bitcoin has fallen by more than 50 percent and still cannot recover yet. Therefore, the bullish period is long over. We expect the next wave of price growth.
I think current market is bearish, but market is still strong.
I don't think bitcoin will dump until 20K USD, because bitcoin is still strong and recover be again when dump.
Believe it market will have several bullish at this year.
Because investors still believe in crypto currency.
Bitcoin is going strong again mate, and touch 41K USD.
It's good for investors.
Hopefully altcoin will touch ATH again.
Maybe many people didn't think about ATH during bearish, But In my prediction I think crypto will touch new ATH again at this year.
Let's see, How strong the crypto during bearish.
Buy when dip and gain profit at the bullish.
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In my opinion, the bull market is still not over because when the price movement of cryptocurrencies collapses like what is happening at this time because bitcoin still has a base price, maybe some time in the future the price will rise again when there is good news.
Crypto market is going up again, I think we all know pump and dump in crypto currency is normal.
I don't think the end of bull market, because I believe we will see the bull again at this year.
Current bitcoin price is 41K USD, It seems will pump again and touch 45K USD at this month.
Don't underestimate crypto, Crypto will always have surprise.
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As long as that Putin war is raging, the bears would have a say in this recent market. And for all you know, it might get right back down when you least expected. So take a chill pill
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I think cryptocurrency does not depend on any country, even if China joins or prohibits cryptocurrency from circulation, cryptocurrencies will continue to run as usual with very volatile prices.
To say this is the end of a bull market I disagree, some coins end up at ATH usually after the supply is mined out, but not bitcoin and ethereum at the moment. I'm sure the bull market will last as long as there are whales at play.
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Investors are always worried about the global situation. Though there is no effect is visible in the crypto market. It gives pressure invisibly in the crypto market but it is temporarily. However i am very much optimistic about the market hope fully we will get bull market shortly.
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Investors are always worried about the global situation. Though there is no effect is visible in the crypto market. It gives pressure invisibly in the crypto market but it is temporarily. However i am very much optimistic about the market hope fully we will get bull market shortly.
Agreed we should always optimistic about crypto market.
The current market is bearish, I think we should know about it, keep calm and wait until bullish season.
We can get profit from trading and join bounty campaign.
This condition will continue until the next year, So buy more and hold , don't panic selling.
Crypto will survive and will more valuable at the coming years.