Now I came across news that the collapse of Bitcoin was accompanied by a sudden power outage inChina's Xinjiang region, leading toshutting down almost half of the Bitcoin miner network for 48 hours? This power outage was caused by maintenance after severe flooding and power outages in China.
Together with Bitcoin, the overall cryptocurrency market fellmore than 10%. At the same time, there was a large influx of buyers on the Chinese exchanges, but all exchanges glitched and showed network errors. I myself faced this on Binance, when I fixed my long on highs, and this is during the American session on a calm market! Can you imagine what happened during the crash on Friday?
So much for “investing in cryptocurrency.”The market is manipulated through Twitter, the market is dependent on some power plant in China, the market is dependent on glitchy exchanges and platforms that won't take out the tiny flashcrash…
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