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.
We can't just say that Bitcoin is better without China because after all, we can't hide the truth that it is a major loss for Bitcoin. Just to think that its value dropped to 3300$ from 4500$ in just a short period of time clearly says that China is a big part of Bitcoin and other cryptos. But good grief! Bitcoin is now recovering and is now again on the 4000$ mark which good to see.
China accounts for 20% of the volume for overall bitcoin, they have a high effect on all given problems. I think we can get rid of it from the list of important users but the effect will emerge some countries that are afraid and start following in their footsteps, we can see the turbulence started to emerge from south korea and singapore, they start closing all crypto business and prohibit participation in ico, this is storm which we must all pass.