How many times is the market gonna fall for the China news??? Seems like the same thing that happened a year or so ago when the saudis and the Russians kept claiming they're gonna cut oil production to boost prices. And every time the same news was recycled the market popped yet production kept increasing.
Sure sounds suspicious.
In other news I just picked up a little bit more BTC around $4100.
Even if the Chinese actually ban the exchanges, I don't think its going to be a big deal. Chinese volumes today are a much smaller chunk of daily global turnover than just a year ago. Plus, tech-savvy Chinese investors will still buy bitcoin via other venues like LocalBitcoins and other decentralized exchanges, so the only losers of such a ban will be the Chinese government's coffers.