Hello Steemians,
Interesting day today, I mean on a financial point of view.
For the ones who did not know (almost impossible today), two major Chinese exchange were asked to stop BTC to Yuan transactions by end of october/september.
Well to be precise 2 were asked to stop end of september and two end of october.
I am far from being a bitcoin/cryptocurrency expert, but I certainly know when I can see a breach !
Like a famous chemist said (Antoine Lavoisier):
Nothing is lost, nothing is created, everything is transformed
And that, guys, is what I personally think about the cryptocurrencies world. There are persons, here chinese, than make money playing with cryptos. What is going to happen?
Of course all the markets are going down today, but for how long? A few hours, a few days, a few months at most, because I am sorry to say that. You can agree to lose a little bit of money, but you always want to make more! Chines traders, and all the Chinese community present in the crypto market won't stop right there.
Even the exchanges shutdown is just temporary, the time to get out of reach from Chinese government.
I am no expert, but I bought some bitcoin today, some steem, some bitshares.
I see this as a great opportunity, we all know where we are today:
At the beginning of a new world
I think that is the opportunity some of you crypto skeptics were waiting for. There won't be many of those in a near future. I go all in... But that's just me... ;)
Cheers,
Mangou