10-06-2021, 03:41 AM
BTC took 96 Days to recover from the May Chinese FUD and only 9 Days to recover from
<!-- SC_OFF --><div class="md"><p>if you've been sticking with us since May, congratulations on not giving in to the FUD, and welcome to the start of another rally. </p> <p>In the past couple of days, BTC has made an amazing recovery compared to other markets, due to the Evergrande situation. But I think the Chinese FUD needs more emphasizing to truly understand how strong the market is.</p> <p>During the May Chinese FUD we crashed down by 50% in a week, and it took us 96 Days (3.1Months) to recover to somewhere in the price range.</p> <p>But on the 20Th of September, we crashed yet again thanks to China by 16%, and BTC recovered back 18% within 9 days.</p> <p>This is truly a remarkable recovery in my opinion and it shows investors are no longer worried about the Chinese FUDs.</p> <p>We have also seen a massive increase in Defi solutions that aim to provide Chinese investors with an alternative solution to the ban.</p> <p><strong><em>TL;DR: BTC is resilient to Chinese F.U.D and we're witnessing diminishing results for China. Thus price goes up.</em></strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/_DEDSEC_"> /u/_DEDSEC_ </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q1peeb/btc_took_96_days_to_recover_from_the_may_chinese/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q1peeb/btc_took_96_days_to_recover_from_the_may_chinese/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>if you've been sticking with us since May, congratulations on not giving in to the FUD, and welcome to the start of another rally. </p> <p>In the past couple of days, BTC has made an amazing recovery compared to other markets, due to the Evergrande situation. But I think the Chinese FUD needs more emphasizing to truly understand how strong the market is.</p> <p>During the May Chinese FUD we crashed down by 50% in a week, and it took us 96 Days (3.1Months) to recover to somewhere in the price range.</p> <p>But on the 20Th of September, we crashed yet again thanks to China by 16%, and BTC recovered back 18% within 9 days.</p> <p>This is truly a remarkable recovery in my opinion and it shows investors are no longer worried about the Chinese FUDs.</p> <p>We have also seen a massive increase in Defi solutions that aim to provide Chinese investors with an alternative solution to the ban.</p> <p><strong><em>TL;DR: BTC is resilient to Chinese F.U.D and we're witnessing diminishing results for China. Thus price goes up.</em></strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/_DEDSEC_"> /u/_DEDSEC_ </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q1peeb/btc_took_96_days_to_recover_from_the_may_chinese/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/q1peeb/btc_took_96_days_to_recover_from_the_may_chinese/">[comments]</a></span>Kind Regards R