China has recently been doing what China does best, censorship/regulations. This would mean they would still be able to buy Bitcoins but they wouldn't be able to exchange them for alt coins. This could play a massive role on how the market develops in the next few months.
Semi credible rumors have indicated that banning ICO's in China was just the beginning. We could be looking at China banning bitcoin exchanges for the Chinese public. Yes Bitcoin will survive and flourish even without China's participation, however China is a decent chunk of the total Bitcoin market. Currencies could potentially fluctuate due to the stress on the market this will cause. Although nothing is confirmed for sure Ethereum took a decent hit and is almost at a one month low. So the real question is... Is this a golden time to buy in? Or has the market not felt the full effects of China's retreat? No one knows for certain but I would advise to invest with caution until we have more information.
I am not a market expert, this is all just a personal opinion. Please do you're own research before doing investments. If you enjoyed the post make sure you like and follow!
Hm really informative post i see where you're coming from regardless the coin market is flourishing but if china were to accept it none the less it would definitely grow exponentially.
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