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.
We have to face the hard fact that bitcoin will really go crashing down. And its gonna took a for a while before we see the price could touch $4000. But if China really wants to get out of bitcoin then let it be. There are still major players around like Japan and South Korea and the US that will make this market regain it strength in the next coming months or years. If you are in for the long term, then you are just cool I guess. But for investors who think that bitcoin is a quick rich scheme and seeing the price going down, then they must be the first one to panic and push the sell button.