How will this impact Bitcoin and other cryptoprojects?? What do you think guys
what do you think will happen ? common sense , china is a huge country and has a huge influence in cryptos so if crypto is banned on thier country , people cant buy cryptos anymore . its either the price of cryptos will now be more stable or will fall down if ever china people have given a chance to sell before the ban happens .
not only that but some people outside china will also worry and sell too but lets not be like them because cryptos will surely recover soon or the ban will get lifted again.
How can you be sure that China has a big influence on crypto? China has repeatedly issued regulations that crypto transactions are illegal in their country. But what happened was that there was no influence at all with crypto, crypto was running as usual. Even though there are Chinese people who have assets in crypto, I don't think they need to rush to sell them, they are enough to hold them because exchanges don't block Chinese people owning crypto assets.