...The truth is the OP is full of bullshit , i feel ashamed that you said you are Chinese and you are telling the truth in the subject.
+1
...China is still trading good OP please wash your mind and clean your eyes and look,
As i posted in my last post you cant speak for all Chinese People this is prove that different you and other chinese, You think BTCChina is only exchange in China and in the same place
which you told house hold and family business type is now going to be Worlds Highest Traded Volume.
Jesus Christ, is it really possible that myself and apparently BitBurger are the only ones in this entire thread who can understand "imperfect English as synthesized by a primary speaker of Chinese"?
Translated overview of what OP said for the rest of you dunces:
And with a little color commentary.The bubble didn't have to pop when it did and wasn't China's fault alone. [/b]
True. Western misinterpretation of Chinese news was, and then of course even Chinese investors reacted to the downturn.There weren't that many Chinese investors anyway. Not as many as the volume stated, for sure. Lots of traders in BTCChina etc. were foreigners attracted by their 0% trade fees, myself included. BTW, the high volume Chinese exchanges, i.e. Huobi etc, are also attracting foreigners the same way, along with the simplicity of exiting via Paypal etc. All these methods of attracting users exploit ways of lowering market friction. And yes, BTCChina is pretty much the only major exchange still located in China. The rest are skating on thin ice legally or aren't actually in mainland China. So, don't lose faith in China. 75% of the mining is still here, and tons of interest in the ASICs, especially since they're made here anyway. And there's plenty of interest in cryptos as a whole. Bobby Lee, CEO of BTCChina, the biggest "legit" exchange, is the brother of Charlie Lee, ex-Googler who wrote Litecoin before going to work at Coinbase. OP didn't mention Coinbase or their names specifically. Or Google. He did mention the heavy interest in NXT as an example of their love for crypto, which everyone ran with as evidence for shilling, 'cuz haters love to hate, and thinking's a lot harder than talking.I stopped reading at :
The 75% of all the mining activity it's here.
What does that means? Everybody told us that chinese invest invest invest.
Oh really!
And about the exchange volume , it has been already discussed and proven how it was manipulated.
Dear god. You snipped 1 sentence and still fucked it up.
Mining volume, you fucking idiot. I am now policing this thread just to assemble a list of users with which I vow never to do business. Trading with idiots always costs more than you expect in the end, either in time or some other fuckup.