So Bitcoin is dropping below $30,000?

Key support is breached?

Remember: in the crypto world, key support/resistance is just a number

Elon Musk is such a phycho

For me it's not like $9000. It's more like $5000-6000

Breaking $51k = reversal?

This cycle is more like 2013

https://asiamarkets.com/china-evergrande-subprime-on-steroids-the-greatest-threat-to-markets/

China's Lehman Bros?

https://www.reddit.com/r/CryptoCurrency/comments/pkux10/tether_the_collapse_of_chinas_evergrande/

I don't know how many people are HODLing USDT.
USDT is, in every way, absolutely trash

2022 financial crisis?

Evergrande FUD is in full power

China bans Bitcoin. Buy

You don't ban the same piece of technology over and over again

If you do, it means you FAILED and that piece of technology can't be banned

China banned Bitcoin in:
2013
2017-2018
Late 2020
September 2021

So at least 4 times, yet it still failed

2013- businesses in China are not allowed to accept Bitcoin. Also financial institutions are not allowed to participate in Bitcoin trades

2017-2018- crackdown of Chinese cryptocurrency trading platforms. Foreign exchanges are blocked. Still possible to buy OTC tho

Late 2020- crackdown of OTC trades. Harder to buy Bitcoin in China (this could really hurt, but it doesn't work)

2021- crackdown of Bitcoin mining. Still doesn't work

So imagine:
You were the creator of some cryptocurrency and you had a lot of it. A few years later, that coin went up 1000000000x.
However, you the creator somehow lost access to your coins (losing private key, sold it early, or you're dead, etc)
Will you regret creating such a cryptocurrency?

One reason of people hyping up your crypto is knowing the fact that you lost access to your coins, so you have no control of your own coin.
YOU are the limitation of your own coin.

Q4 2021 starts

Crypto people buying tungsten now

$60k