I was talking bullish about whole #KuCoin exchange and I have same opinion now but I found this article and I wanted to share my opinion : https://medium.com/@jacksonwong2244/warning-kucoin-is-operating-in-sichuan-of-china-e08ca697030e
I told I will be honest and I am going to share my honest opinion. First, I can't go in the future and tell you what will happen. I suggest you to read article and then come back to hear my opinion.
First, what is the worst possible situation?
The worst possible situation that can happen is that this is true and that KuCoin is not from Hong Kong but from China and also that China will ban exchange. If that happens, China will ban exchange, China won't ban our money. If they ban exchange, we will have 15-20 days to move out our money from exchange. If you are new here, few months ago, I think in August 2017 china banned BTCC Chinese exchange. No, it wasn't August it was September because I remember that members had to move money before Sepetember 30th 2017 so if all these rumors are true, China won't ban our money but it will ban exchange so we will have enough time to withdraw our money. This is what I think will happen if these rumors are true. So, from my point of view, our money is " safe ". But, as I said I am sharing this to inform you so you can decide on time what to do.
Let's try to find out what would be reason to share fake news?
I think biggest reason is to buy KuCoin shares cheap because if this is true, value of KuCoin is $0. Without exchange, coin value will be 0. So maybe someone is too bulish on KuCoin shares and expect $100 so he/she wants to buy as much as they can and of course as cheap as they can. So this is very possible. Also, I told you, I would not buy KuCoin over $10 and even over $5. Maybe I am not realistic but I am thinking how much profit I can make if I buy at $10? Hmmm,, not so big. Even if it goes to $100, it is " only " 10X. In my opinion bigger chances has Utrust for example, because market cap is still low. It can take few months for Utrust to start real uptrend. Same happened with KuCoin and it made 50X gain in 2-3 weeks.
So, to sum up, I will try to find more sources and if you have more please send to @CryptoSignalsAdmin. From this point of view, the worst thing can happen to KuCoin holders. At the moment I am not moving my funds from their exchange, because at the moment this is only rumor but rumor could be true that's why I will try to find out more.
One more thing, you are asking me whole day is it good to buy coins now? What to tell you? It is same if you bought before correction so new one could happen if they continue with negative hype. As I told I can't go in future and see what will the post and if it will be good or not for us. At the moment, market cap is still very low but compared to yesterday it looks much better. I shared 2 signals for STRAT and ETC and I think if you know a little bit better about these coins, you wont be so scary when you see they down especially STRAT. I would not panic even is STRAT is 10k satoshie because I believe in project and it will boom in 3 days or 3 weeks or 3 months. Last year, STRAT went in 15 days from 60k to 450k satoshie and in 3 months it went from 10k to 450k so just hold.
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Warning to all #KuCoin users! There's a fake app available at the iOS store, this is not the official KuCoin app. The only place to download KuCoin's app is
(link: http://kucoin.com) kucoin.com (find the download links in the lower right corner of our website)