Just now... China has declared a halt to Bitcoins exchange and operations by October... The price of Bitcoins has partially drop due to the news... However, if we can equal the population of Bitcoins user in China and invite a lot of investors... I think Bitcoin will still survive.... Hope so....
Bitcoin will still survive, the only problem is the price itself. The price of bitcoin crashed again because of that news and BTCChina exchanges officially announce will close all trade 30sept. This month will be a hard days for bitcoin and the bitcoin price, i'm afraid the bitcoin price will crashed down to $3,000 or even less.