So if you are aware BTC just had 8th birthday at October 31 and this came with nice price rally.
It is the date of first releasing the famous Bitcoin Whitepaper by Satoshi Nakamtoro.
While everybody was waiting for the moon and expected price to soar the China news came..
Chinas gov is supossed to put Capital Controls over Bitcoin exchanges. The price went down from 761 USD to 659 @ OkCoin Futures within short time.
Unlike often the news are FUD yet this time serious portals wrote about upcoming problems, original you can read on http://finance.sina.com.cn/china/2016-11-03/doc-ifxxnety7217527.shtml which is one of most popular financial portals in China. Use Google Translate.
If the case is real we can expect more dumps on BTC and may see a total wreckage of Litecoin - which is the most popular cryptocurrency after BTC in Asia.
Let it tank. There are lots of investors in North America waiting to snatch it up at a reduced price!
Some cheap coin coming our way would be sweet .