I'm holding BTC just so you know, but my question is why does the shutdown in China matter? I understand it temporarily reduces computational capacity and slows down some transactions because of that, but the whole thing I bought into is that this is a worldwide network and no one government can control it. So the blockchain just changes minors....right. Is there something more to this that I don't understand?
The logic is when a country dominates mining if there is bad news and it's a truth it will definitely have an impact. as experienced by the crypto market lately. but I also have thoughts like you before. the thing that makes me sure is if you look at it again from the total exchange. miner. China, korea area dominates it. thats why if there something bad news from there verylikely will impact market.