What will the China ban/FUD do to bitcoin in the next coming days till the 30th. Are you guys holding or Trading to fiat? What are you’re thoughts on this..
I firmly believe that the market has already moved on away from anything to do with China. What else bad news can be coming from China? Even the possible ban on Bitcoin mining I think this is already counted by the market (as if it has already happened) so it would be safe to say that from now on we will not anymore be bothered by the China Effect.
Now, the case can be different if in case there can be some good news instead like a news that the government is actually planning to allow Bitcoin to get into the country again under a very strict regulations. Any good news along that line can help boost the market though we can do well without it as the value of Bitcoin is right now going to the $4,300 level.
It is time we finally forget about China...remember that there are many big companies right now like Facebook & Google which don't have any China presence at all.
