So what’s the move? If you haven’t sold already, there’s not a lot of recent room left to do it. If it’s something you think you might do, id urge you to make that move sooner than later. Everyone seems to think there will be buying opportunities beneath $3,000 coming up, so re-entry should be possible – and will likely be profitable. Every great dip and depression Bitcoin is followed by an upheaval of massive proportions, we’re not seeing much to tell us this one will be any different.
The market will have to shake people out now and then. The only players left from China will be those who’ve got the courage left to defy the government. The government itself will find some form of blockchain technology that it blesses and allows to monopolize, and other Asian-born and oriented financial technologies will have to find a way to work around that. NEO has a chance to be one of them, as does Walton.
There’s a lot of room for innovation yet. The Chinese government is probably mostly mad that it has missed out on the opportunity. If anyone was in a position to speculate on the moves of the market, they would have been working in the Peoples Bank of China. Perhaps the initial news, but the market reaction and the subsequent slowness to clarify, that was all very telling in the actions of the Chinese government.