Bitcoin did overcome but I won't consider that it is successfully defeated China. There's no competition with China or something like that.
It's just their gov't tries to regulate bitcoin.
The issue with jp morgan is probably over but the chinese fiasco i think isn't over just yet. There are still exchanges running and people trading there and the government hasn't cracked down on everything yet but bitcoin has shown resiliency so whatever happens in china likely won't have that big effect of btc anymore
Not that really over, I don't know if this person Jordan Belfort the wolf of wall st is a dog of JP Morgan Chase Ceo Jamie Dimon.
As he's supporting the statement of Dimon about bitcoin being a fraud.
And for the Chinese issues about ban of exchange it's just going to happen for awhile as there are news around there it will be off after the communist congress election there.
It's been said that they will remove the ban possible after the Communist Congress Election and that's in the mid of October.
They are businessmen and the reason that they want to buy at dip is there.
Let's just stay tune for more news as October is one of the most crucial month of this year, why? Look on what happened with the bans and it was the time we'll see the effect of the upcoming hard fork on November.