Can't ban Bitcoin. This is just FUD. They are shaking out weak hands now, and you will have to be very strong to stay in the game. Will you sell at 3500$ or 3000$? How low do they have to push you before you sell? 2500$ or 2000$. Maybe below mining cost 1000$.
Close your eyes and open them in a month. Nothing is garantueed in this world, but I will eat a fucking strawberry donut (eeew) if it's not at 10k before christmas!
Yes, cryptocurrency market is highly volatile. One moment its $5000 and second its $2000. Patience is the key to conquer it all.
You have your hopes up high. I don't see that happen unless the Chinese government all of the sudden allows ICOs and doesn't ban the trade of cryptocurrencies.
Nevertheless, I'm rooting for your scenario ;)
How are they going to control the ban? It's not possible. Mining farms in China have so much revenues for small towns that they will just fake a shut down and keep going. Rumor has it that even local power plants are mining Bitcoin. Listen..they wont stop mining bitcoin in china. They won't stop buying and selling it either. It is just a hopeless way that the communists are communicating. They pretend to have control. It will be bumpy in the weeks or even months ahead. But in the end, the crypto market wont go away..and if the Chinese doesnt want to be in on it, then fuck them. But they will :)