I opt for a crash. Price is purely dictated by chinese market. There was no adoption, no major company support and still the price trippled in just a month. China goes up and sudenly all other markets follow without thought. If they decide to sell, for whatever reason, whole world will sell in panic.
And that makes sense because?
Chinese adopt it but there is no adoption...lol
At best the Chinese are doing what everyone else in the bubble is doing; buy Bitcoins in the hope they make a profit. It is not adoption as a currency.
At worst, well I have a paper I'm finishing on this topic. Synopsis: The Bitcoin 'exchanges' and the 'market' they supposedly create are a fraud. Price action is driven by non existent trades on the platforms. The manipulation is now so rampant across competing exchanges that the entire legitimate trading activity of the exchanges is drowned by a sea of fakery. There isn't a single exchange I examined for this research that isn't engaged in this activity.
Prove it.
That's right you can't. Your claims are baseless.
I will publish my research soon, there are just a few things I need to finish off, and also provide each of the exchanges mentioned and opportunity to address the findings prior to my going public with them.
Oh so your claims are still baseless then right? You admit it by the fact that you still have no proof to share with all of us.
If you had access to such information you would be able to make a boat load on knowing exactly when prices would go up and down.
Just because Chinese person buys bitcoins for a profit does not mean that it isn't "adoption". In fact I could claim that it is temporary adoption if we want to get technical. AS they have possession of the coin(s) and thus have "adopted" it even if for a short period (in your presumed scenario that ALL the chinese are doing this and not just some LOL).
Your definition of adoption is clearly different than what the market's believe that means.
That is what your argument boils down to: a difference in definition of a word. Period.