If we cut off china completely then the market will chaotic, the price will drop down severely, china still got power because a lot of miners ate from China, but if the government keep doing the controversial things one day they will lost the chances to access to crypto currencies
exactly. we might not like what china is doing at the moment, or historically for that matter, but they are an integral part of the ecosystem at this point. they ARE the mining for all practical purposes, and while the volume is inflated ( i wonder what the actual, not manipulated market cap is, we will see LOL) they still compose a substantial portion of the market (the chinese icos go pretty quickly) .
even if the rumors are true, this should be a temporary thing. i dont know how long it will take, but once the regulatory framework is in place, coins will be brought up in abundance, like every time
. Either way with or without China, cryptocurrency will boom. China is just a country in a globe. 
