All coins down massively and they just keep falling, is this the end of cryptocurrency forever?
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Something to do with China but I've not seen what or even if it's just speculation. Doesn't help that regular US markets are taking a beating today too.
>Be Chinese
>Go into local wet market for my bat soup.
>Shopkeep says he won't take my BitCoins.
>Use cell phone to sell a fraction of a Satoshi for yuans and deposit it in my bank account.
>Pay for my bat soup using yuans.
>Shopkeep buys a fraction of a Satoshi using the yuans that are now in his bank account.
>Everyone is now following China's new law that crypto can't be used as currency.
I'm not seeing how this really changes anything except giving mild irritation to people.
Temporarily crashes the price of crypto so the party members can buy more crypto.
This.