I suppose this is just a opinion piece i wanted to put together for you guys but, everyone seems to be worried about China's ban/regulations for the near future.
Yes it is effecting the current bitcoin price and the rest of the market for that matter, but i dont honestly see this as a issue if china does step out against these commidities they will only be hurting themselves. I also think when/if the news out of china stops coming the price's will start to finally settle to the values that they should have been in the first place.
I am also not worried about the price of bitcoin dropping because i dont think we will ever seen bitcoin drop below 3,000 again unless china has a complete ban on the entirety of the market which i dont see happening. If this were to happen i would imagine most of the world would pick up the coin being sold and probably very low prices and we would see bitcoin pick up again.
Therefor i wish bitcoin wasn't effected so much by the media because its a shame they get enough flack from wall street and general investment firms around (mostly the US). They just don't understand the viotality of the markets we are in and the money that can be made, they don't see past that piecieved notion that the entire ICO, Bitcoin, Altcoin market is basically only on paper.
Thats why the money being made by the normal person weather they be a man or a woman from any country around the world just shows that we will benefit the most and not the massive banks and corporations for once.
Good luck to all in the coming days with the market in a downward spiral, may it soon rise up again.
-Altcoin-Ryan