geez what a carry on without even looking at whats going on
The chinese did stage one of their crackdown and Bitcoin crashed but bounced back again when people realised that the percentage of Bitcoin held by and traded in China had dropped to a much smaller amount than when they dominated it earlier in 2017. Then most cryptos rallied in particular tron as money poured through Hong Kong and OTC trading two areas left out of stage one of the chinese crackdown . Then came stage two when China began to place pressure on the miners to close down or get out of the country . Early reports suggest they are likely to move to Quebec. There was very little response in the price of coins .
Now stage three is looming the Chinese government is talking about closing all forms of centralisation this would have to mean the closing of OTC and Hong Kong exchanges leaving only p. to p trading .In response money has poured back out of altcoins through Bitcoin and into fiat pushing down prices across the ctypto market.
Without meaning it the Chinese government is giving Bitcoin the biggest and most realistic test of its existence . The test is not what the price will be but will it continue as designed by the crypto anarchists to work without centralisation
