so basicly: Theres a bunch of chinese who keeps losing and americans that keeps on raking it in?
I dont see how this is bad in anyway (if you are an american crypto investor)
No it's the other way around. We buy and drive up the price and then when they wake up and see the price is up, they sell. look at the price of bitcoin. It keeps dropping everyday around the same time Chinese get up and start trading.
So you confirm his opinion. If they keep selling high and buying low it's them losing on it.
Regardless, BTC and ETH lost much more ground on chinese yuan than we did on USD, so by your logic it's them losing.
While I believe that some shit's going on in China and there's definitely some truth to some exchanges alting their fiat-btc exchange there's still nothing official.
I keep accumulating bitcoin tho, and I don't care much.