If it's true that china will also ban bitcoin, what will happen with those miners on china? As I know, china has a lot of bitcoin miners than another country. I dont think they will just sit around watching their goverment ban their gold mine.
If this will really go that way then they might operate in under the table because as we all know no one would like to throw the gold of the internet just like that, and the loss for them is so big if they will be raid by the authority.
China will be left out if they continue to go on with all these rounds of bans. The US govt. wasnt too quick to do the same and it was a wise decision. They know its better to let everyone know where they stand but still give enough space for cryptocurrencies to move for now, to observe and see what benefits it could bring to them and their people.
And the price of course will decline, China will be left out but they will also have a big impact on prices. I think CHina won't let these happen. Cryptocurrencies are not scam, if they are really desperate then ban the illegal ICO but let the good ICO do their things. We Must face the fact that were in the beginning age of cryptocurrencies, if they stopping these right away then in the coming time the world will still insist this technology and they will be forced out to accept again these cryptocurrencies.