No we should thank them. They are cleaning up their exchanges and at the same time the risk of China baning bitcoin is highly reduced. If you wanted bitcoin to ever succeed this was the best that could happen imo
Care to elaborate please ?
Nothing that comes out of china can be believed.. Not their news, not their fiat exchange rates, not their crypto exchange rates or the action of their exchanges in the market.. Maybe not even their miners?
What does china do?
They do everything they can to make people THINK that they have this great massive influence, make people believe that china is in control with their grandiose claims..
And then what? Use their exaggerated influence to MANIPULATE..
Their actual pull is much less than they make it out to be..
I wouldn't even put it past the chinese gov or the pboc to be IN ON IT because everything about the entire chinese economy is FAKE..
This manipulation is bad for bitcoin.. No matter the end result, price this extreme volitility scares everyone away... This extreme volitility is also terrible for use as a currency..
The other day I said "when does BTC ever loose half it's value overnight?"
Now, it does..
I'm not sure of taking a side of segwit or whatever but, if segwit is what we need look who's stopping it.. China, that's who..
The greedy miners that just want ROI..
You know their mining advantage comes entirely from the fact that they don't mind dumping into and polluting their country by way of ground and the entire world by way of air..
They don't give a fuck how bad they fuck shit up to make the cheapest electricity possible..
They don't give a fuck how bad they fuck shit up to make the cheapest planned obsolescence electronics such as miners not to mention everything else they sell/export that is nothing but garbage in 1 year or so if that..
It is too bad that bitcoin has managed to get itself caught up in this terrible china game..
Not just bitcoin, the whole world..
Trump's trade war NOW!!
Maybe they will even give us the chance to embarrass their chincy china military..
They are sitting too many notches too high on the global pegboard and need to be taken down a few rungs including their current manipulated false influence and set them back a ways to learn their lesson..
We need to kick this toxic china influence OUT of our grand experiment of the people's financial liberty..
I hope china bans bitcoin once and for all..
You think china wants anything to do with personal liberty? Think again..
This could even be a chinese special ops tactic to destroy bitcoin..
Wayyy too much perceived and otherwise justifiable influence by dirty actors..