What is the purpose of banning everything in its road? everything that China says about the stock markets tends to go down, and we do not just talk about bitcoin, also about oil and gold. The only reason China is causing such fuss and chaos is because they will have “19th National Congress of the Communist Party of China” (十九大).
People’s Republic of China, opening on 18 October 2017. As an “odd-year” congress – the previous was held in 2012 – the congress is closely watched mostly due to a far-reaching change in the makeup of the top leadership of the Communist Party of China. A majority of the Politburo Standing Committee (top decision-making body) is expected to retire at this congress.
The party delegates at the congress will elect the new leadership of the Communist Party of China, including the Central Committee and alternate members of the Central Commission for Discipline Inspection. During the meeting of new Central Committee, the elections of General Secretary(party leader), Politburo, Politburo Standing Committee and Central Military Commission will be held. source: wikipedia
This congress, which is held every 5 years, has the purpose of defining the world course of communism, and they do it twice a year.
That’s the theory of Stacy from Keyser Report, who shows a direct relation to the events that took place with the delusions about the markets.
China needs to consolidate its greatness by demonstrating its influential muscle on the stock markets, and it is doing very well.
I believe that there is a confabulation to create a “Wall” in the United States, if the famous wall of Trump but not to prevent the entry of undocumented people to the United States, is a diplomatic and economic wall that is creating by BRIC countires to row ranks to the dollar .
BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China, which are all considered to be at a similar stage of newly advanced economic development. It is typically rendered as “the BRICs” or “the BRIC countries” or “the BRIC economies” or alternatively the “Big Four”. A related acronym, BRICS, adds South Africa. There are arguments that Indonesia should be included in grouping, effectively turning it into BRIIC or BRIICS.
It is not news that the dollar has been falling against the euro, but also China is manipulating speculatively where it can hurt the US, the stock market.
Now I do not understand why in “the BRIC” the most damaging is China, I understand that the alliance was achieved to strengthen the euro but the reasons to go of the stock markets will only bring an instability that will drag themselves.
We need to unite the economies and bet on technology and not discriminate only because of morbid interests of growth of power.
The good thing is that the technologies have always subsisted and not thanks to the powers or governments, technology survive thanks to geniuses people that try to decentralize and solve problems without ambit of dominating the world.
But if you enter to this complicated, unstable, emotional market of crypto-currencies, PLEASE, relax close the news, invest wisely, research and stay calm, the best decisions are when you are not influenced by what others do.
China will never stop any “Tangle” or “Blockchain” initiatives. Never.