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I have invested in Eth and Bit and have been holding some positions since 2017, but lately I am a little concerned about the negativity prevailing around the cryptos all over the world, more particularly the Chinese fiasco. Will China’s crackdown have a major impact on crypto trading?
I personally feel it will not have an impact, because countries are in splits in their policy decisions as regards legalizing cryptocurrency. Chinese crackdown will only move smart money from other countries to Bitcoin. Although there would be a near-term effect, I do not think there would be any effect on this long-term.