Crypto crashing again, page-7

Not quite it was money moving out of Hong Kong at the same time as the demonstraters got going . We know that because it is possible to trace the wallets and exchanges moving it which someone went to the trouble of doing.

https://cryptoslate.com/hong-kong-protestors-buy-bitcoin-mainland-fear/

Here we see Bitcoin being used for its over international bank transfers and Gold . Governments can easily interfere with both should they choose . It is however still legal to move Gold and Fiat out of Hong Kong . The individuals may have been concerned that they would be caught in a sudden crackdown and therefore used BTC .

A common misconception that Bitcoin(BTC) by nature is anonymous or impossible to track is simply notcorrect.

As a consensus currency, Bitcoin is based on a decentralizednetwork called the blockchain that is sustained by an open-sourcecommunity of developers, miners, and node operators.

When a miner approves the settlement of a transaction by includingit in a block, the transaction is broadcasted to the publicblockchain network via nodes which relay information across thenetwork.

Through the utilization of the public blockchain network andblockchain explorer tools, anyone on the network is able to track,trace, evaluate, and analyze the wallets that receive a suspicioustransaction.

Some startups like Chainalysisplace tags on certain wallets or transactions that are said to berelated to criminal operations and follow the trail. If a taggedwallet sends a transaction to a Know

Your Customer (KYC)-enabled fiat-to-crypto exchange, then theauthorities can request the exchange to freeze the funds until theinvestigation comes to an end.