So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices?
I'm not saying that the prices will still drop, as no one knows in the first place, but how did you even come to the conclusion that sub 3000 will never come? It's still definitely possible. Dropping down to below 3000 is just somewhere around a 50% drop from the current price
($5,318.80 as we speak), which, if you've been in the cryptocurrency space for a while, you would know that 50%+ drops aren't even rare.
With the next halving a little over a year from now, I'd be pretty suprised if sub $3ks comes, or sub $4ks for that matter. This isn't the uncertain times when China was dumping loads anymore. The best thing that ever happend to crypto was Chinese being banned and getting the fuck out, the second best was Trump. Now, if the next president is a democrat in 2020, panic of regulations could ruin the next pump. Hope it doesn't happen, but there it is.
I think it's exactly the opposite: If democrats win, people with money will start panicking at massive socialist policies ruining their wealth, which will force them to diversify into neutral assets and Bitcoin is the best neutral asset ever outside of governments reach, and governments while sometimes are good, they can become insane and punish their citizens by unreasonable confiscation. Democrats winning may trigger this either by fact of FUD, so they will buy. I can see gold and Bitcoin going up, Bitcoin by several orders of magnitude higher of course.
As far as china goes, I don't really know what happened but seems like the market doesn't give a toss about China anymore.