Bitcoin was expected to fall below $4000 earlier than this Chinese FUD has started. I don't know why people are panicking like hell by seeing FUD news. On top of this JP Morgan CEO's news had reached main stream media and people that this is the end.
Some people can't digest BTC going down a certain percentage but when it's going up they'll be yelling at BTC like "Go to moon!"
I'd rather just see first how things will go before assuring myself about that. Though bitcoin support is strong, it seems the issue woth china is far from over and it's halting any positive movements from btc. China is a very big btc market and removing these exchanges would be felt for quite some time
yeah, we know that china is have big market not just for btc but for altcoin too. but i don't think bitcoin will go down too far because of china leave the market because we still have another btc market and we can expecting for the price to back increase. if finally china decide to leave, then let them off forever and we can continue to see the price is increase again.