I remember the last time that association spoke up was three years ago during the NFT frenzy, and guess what? The NFT market really cooled down afterward... And now they're back again.
Today, the China Internet Finance Association, together with several departments, issued a new risk warning, still focusing on virtual currencies. Looking at the calendar, it’s been exactly three years of silence since 2022, but counting back over the past five years, this is already the fourth time they've stepped in.
People in the industry know that every time an announcement like this comes out, market sentiment is affected to some extent. Will this be another turning point? Let's wait and see.
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0xDreamChaser
· 8h ago
Here we go again, I know this drill—every time there's an announcement, the price drops.
Association: We've issued a warning. Market: Oh... time to start dumping.
After three years of silence, suddenly there's a roar. Does it really feel like things are about to change this time?
The NFT wave is still fresh in my mind, and now it's the crypto space's turn to get hit.
Every time we say "wait and see," but it always ends up looking like crap on the charts.
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RadioShackKnight
· 12-05 12:08
I already know this tactic by heart from the association. Is this another prelude to fleecing retail investors?
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SelfSovereignSteve
· 12-05 12:05
Here we go again, I'm all too familiar with this... Every time the association steps in, the market has to drop.
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PessimisticLayer
· 12-05 12:01
Here we go again, every time you manage to precisely snipe the market sentiment.
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GasGuzzler
· 12-05 11:56
Here we go again, this pattern is all too familiar—I can predict the next moves with my eyes closed.
Three years of buildup for one move, this time they really mean business.
Is the association playing this card again? Let's see how long the coins can hold out.
It's ridiculous, every time there's a risk warning, it's like a curse—the market just has to pump first.
Another "new risk," I'm numb to it. It's just the same cyclical fleecing of retail investors.
Now the real show begins, waiting for the bag holders to get on board.
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LiquidationWatcher
· 12-05 11:47
又来了,这套路我都能背下来了
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TooScaredToSell
· 12-05 11:46
Here we go again, it's the same old trick every time. The market is going to drop another round.
I remember the last time that association spoke up was three years ago during the NFT frenzy, and guess what? The NFT market really cooled down afterward... And now they're back again.
Today, the China Internet Finance Association, together with several departments, issued a new risk warning, still focusing on virtual currencies. Looking at the calendar, it’s been exactly three years of silence since 2022, but counting back over the past five years, this is already the fourth time they've stepped in.
People in the industry know that every time an announcement like this comes out, market sentiment is affected to some extent. Will this be another turning point? Let's wait and see.