Kingsley
Valued Contributor
Recently there was a critical drop in the value of all crypto currencies some attributed the drop to the comments made by one of the big whales in the markets. Most especially Elon Musk. He made a comment that discouraged alot of investors and the market price of the bitcoin dropped drastically indirectly affecting the price of all other coin.
At that same period there was also another announcement made by the Chinese government on the banning of crypto currencies in China this again many also thought brought about the decline in the price of crypto currencies but looking at what happened in Nigeria despite the ban on the withdrawal and deposit of crypto currencies the market even waxed stronger.
But looking at the whole situation it seems like the ban on crypto currencies in China had little or no impact what's your take?
At that same period there was also another announcement made by the Chinese government on the banning of crypto currencies in China this again many also thought brought about the decline in the price of crypto currencies but looking at what happened in Nigeria despite the ban on the withdrawal and deposit of crypto currencies the market even waxed stronger.
But looking at the whole situation it seems like the ban on crypto currencies in China had little or no impact what's your take?
