Re: China is playing us

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.

Someone got money, Someone lost money, no matter Americans or Chinese. Undecided

China ban might be a good thing.
Chinese mines about 70-80% of the world's bitcoin(almost the same on other cryptocurrencies),
and they hold them only for speculation.
After Chinese government shut them down, all cryptocurrencies can be distributed to other countries more evenly.

so why do you think this will happen, is Chinese government foolish enough to give up the profit they have got? maybe China will close the current mine, but there must be new mine open