Since 2013 often we had news of China banning Bitcoin.. then price was taking, whales buying cheap - rinse and repeat.
Now this kind of stopped working so now they banned ICOs.
This doesnt mean BTC or ETH are banned or even crypto, just making ICOs in China and for Chinese.
Yet people awaited such "news" to get things cheaper and dump. Everything went into red zone.
By checking biggest gainers and losers we can spot which coins are most beloved in China and which they dont really collect in big numbers.
Top Losers by MarketCap
Obviously coins that are mostly traded in China only lost most: HSR, BTM, GXS, WTC, BNB, QTUM, NEO.
TNT was an international ico but it had no pump yet so nothing to worry about. EOS has great place there too.
Worth nothing that smaller marketcap coins that lost a lot today are 1ST (also chinese ICO), AGRS, DGB, EXCL, ZCL, NMR, MYST.
Shortly speaking - if China gets back stronger than before, this coins will mostly likely pump the most.
Top WInners by Marketcap
This coins seem to not have too many investors in China which means they should spread their marketing - unless they believe china is dead of course. Two exceptions might be XVG and BQX who just yesterday had some good news so possibly they survived the storm. But this is just a guess.
Conclusion & Illustration
In this post i have put world upside down. Losers are actually potential future winners and the opposite. I think we should put a bit of humor on such red days. ALso remember using sites like BitMEX you can bet on SHORT (sell) and multiply Bitcoins this way.. Was one of easiest days to do so today.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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