maybe it is hard to admit, but China IS Bitcoin..so everything, what is related to Bitcoin is related to communistic country without human right situated somewhere near Russia and India:)) well played.
so what youre saying is, if china bails out on bitcoin entirely, we are screwed in price? lol.
but you know lets totally ignore all the us money that still makes up bitcoin to price point as well. we saw china`s exchange in the past saying they no longer want a part of bitcoin to manipulate some price points - and it still held.
Xialla has a good point there. Just look at who's controlling nearly all the hash power. Chinese miners are in the game to make money and I am sure that the Chinese exchanges will do everything to keep the price at a certain price level to please the Chinese mining farms as they are somehow connected to each other.
And we all hope that it will rise for a long time that will be good. So we can make some profit later in the future.