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RE: Oh What In The World Bitcoin
This is gold rush for bitcoin forks which can end up cannibalizing each others (BCH is already down to $300 from ATH $900) and other weak altcoins. However, one of the forks will come out as winner and strong altcoin will flourish there after.
This one is fueled by you guessed it... China yet again trying to get to grips and control it instead of letting BTC be decentralized