Alex Mashinsky expressed:  Worried the corporate crackdown in China as they may lead to liquidation of lots of CP & debt by foreigners & cause a cascade of defaults in the global financial system dragging BTC down with it BTC not being able to break $50k may have more to do with China than Regulation FUD.

Community response:  If Tether is holding a lot Chinese debt this could easily spiral into crypto markets very dramatically. I’m ready to buy that dip if so, but hang on tight if you’re levered up.

I don’t know. Black Swans are the ones no one knows about whereas this has been in the papers for weeks. So perhaps it’s already priced in.

Need to get some stablecoins ready for this dip if it happens.  It has already dipped as I type. It may get worse as market is closed in China, Korea & Japan due to a national holiday.

So, they dumped the market in May and now they are dumping it with external events in September. Why does China keep popping up in my news feed?

Perfect setup to catch the masses off guard, and we blast on the upside with Bitcoin. And then FOMO will make us moon. Like you once said it’s time for Bitcoin and normal markets to not follow each other.

While u think your constant “worse case” scenario tweets are healthy, it just causes people to panic sell and makes it a self-fulfilling prophecy. It hurts us all not just the people who should not be listening to influencers but they do.  You are hurting more than helping.

Warning people, just makes them think they are smart by front running and then they sell. So, no it is NOT helpful. It is sad people trade from their twitter feeds but it’s just how it is, less “warning tweets” and we would see less panic selling.

We’re traders as well. Don’t care if it goes up or down. We profit going up and down. Either you understand the volatility you’re in or just HODL and ignore the noise. Can’t always please everyone on CT. So if they panic, let them panic. Markets don’t care about emotions.

But also, isn’t Bitcoin designed to act as a hedge for when this sort of catastrophe happens, it’s like the ultimate put option on the world.

When people need to sell what that can do to cover their margin calls they start with the most liquid assets. Crypto operates 24/7. Go figure. We have already seen it happening in March 2020.