china is good in copying others idea, so the best they can do is that they introduce their own virtual currency into market and then make other currencies illegal.
it sounds almost like a trope at this point, but i could actually see that happening. theres actually no downsides (for the chinese government) to china creating and mandating the use of their cryptocurrency in the future. they can create it however they want that would give them unlimited access to the finances of their citizens, track everyone's daily dealings, and most importantly, maintain control over their currency. in a digital world, this is actually their ideal solution. the only problem is international trade when other countries decide they dont want to accept china coin or whatever in their trade deals.
none of the above because China doesn't care about bitcoin as much as the media has been showing it to be like in the past month. and i assure you that soon enough things will go back to normal and everyone will forget about China until another price correction is needed then FUD machines start up again.
your picture captions should be this:
the cute train: whales who bought bitcoin from weak hands
the angry red train: newbies who had weak hands and sold their coins cheap just because of some random FUD.
it's a never ending cycle here, the fudsters are managing to keep this china thing alive for quite a while this time around though. unfortunately.
They really don't care if the price goes over $5000 or not. That will not change anything for them, they want control and will continue to try and exert that whatever the price is. In the end, it doesn't change anything, the Chinese people will still use Bitcoin whatever measure their government tries to prevent it.
this exactly. 5000 usd isnt some magical point or something, its probably that nothing will happen. in any case, we did either break or come very close to 5000 a few weeks ago, i wasn't really keeping track.