As what the title says, do we really need to depend on China on cryptocurrency? I say no imho.... Look at Facebook and Google. They are both banned in China, and yet they worth billions. I believe that the US alone could bring bitcoins up and hit $5k above.
Also, I agree with this:
https://cointelegraph.com/news/bitcoin-price-is-headed-to-25000-despite-recent-setbacks-researcher-on-cnbcI just think that this is a great time for us to buy more bitcoins and accumulate. I'm still long on Bitcoins.
What do you guys think ? Any opinions are appreciated.
I don't think we should make ourself dependent upon the china because already many strange things i am seeing in the china that are indicating that anything that we can't expect may happen .
Here Google and Facebook like things are better example to understand that how the china can make descion about the bitcoin and ICOs like things over the exchange .
Here instead to think about the negative factor we should use the opportunity that we have currently with the down in the price due to news of exchange ban in china and pending of the decision for the one month .
Currently the price of the bitcoin is below of the 4000$ , so why not to make buy now and sell after 1-2 weeks because we know exactly very well that price will surely increase easily because in the future Price will only increase , so make investment today and make ownself free from all types of the loss because profit will be at the end .