China absolutely loves currency manipulation. Getting in on Bitcoin was a move that had to happen sometime, and it looks like they're starting to ramp things up.
Additionally, impacting Bitcoin like this shows other countries that China can cause large effects on such economies.
Though it's sad to see China make moves like this, Bitcoin will chug on with or without their support.
As the dip is going on, try to get in on Bitcoin! You'll always "miss the boat" as the video said if you never buy in ;)
Thanks for the video.