it is time we proclaim to the whole world that Bitcoin can be better without the influence of China. We don't need China to make Bitcoin survive. By next year, all of these things can be history and maybe we should learned the hard lessons that China is just a big headache.
It is time for Bitcoin and the whole of cryptocurrency to move on without China. We can still survive without it and in fact there are many BIG companies right now who do not also have any presence in China. We should not be afraid that Bitcoin can die without China...in fact the opposite can be true.
I mean, no its not. Any volume of bitcoin from Chinese or from Antarctica is typically good for bitcoin or any growing market. Bitcoin is definitely perfectly fine without China accepting Bitcoin transactions although it is also definitely not better off without the more volume. Honestly I don't think they price drop had much to do with China, it was just the straw on the camel's back. Bitcoin had topped at $5,000 like 5 times, it was looking for a correction, China just speed that process up. I personally see Bitcoin falling down to around $3000 where it will rise back up to around $4200 or so before something new will happen.