Is it going to be the end of bull market ?

[Komorhan]

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!

[alltalk]

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.

[wxxyrqa]

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.

[Delgboke]

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.

[TERMINO]

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.

[LaZim]

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.

[robert20]

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.

[comer]

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<

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.

[Tnoy30]

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.

[Unbunplease]

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.

[tonymillions84]

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,

[xeroz]

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.

[ayatoslaw]

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.

[Callisto]

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.

[mohdelayo]

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.