I could be wrong, and it seems I am 80% of the time. But I believe that as the US wakes up they are going to buy this dip. They'll see the news for what is, fantastic news! Think about it, not only are we getting far less Chinese miners, we are also getting far less Chinese investors, this means CCP manipulation will have little to no effect in the future.

Bitcoin without China means a decrease in volatility, couple this with scarce supply and we are going to see far fewer corrections. Of course we'll have slower rises, but that is not a problem.

Also a majority of those levarged traders are my guess Chinese, so I expect to see far less leverage from here on. For anyone watching markets that the Chinese invest gamble in, you'll see massive booms followed by massives busts and then social issues following. When it comes to investing money, Chinese are the biggest dumbshits or all. At least historically they have been good savers but the new generation is shit at that now too.