I'm holding BTC just so you know, but my question is why does the shutdown in China matter? I understand it temporarily reduces computational capacity and slows down some transactions because of that, but the whole thing I bought into is that this is a worldwide network and no one government can control it. So the blockchain just changes minors....right. Is there something more to this that I don't understand?
Even if China suddenly shuts down the bitcoin mining process, other people from other countries will continue the mining process because they think that mine bitcoin will still be profitable. Therefore, if you still hold bitcoin, you better still hold it and do not sell if the price does not hit the high price.
We do not have to understand that news, but we should only know that it will not make bitcoin in trouble because many others still support bitcoin and the adoption process still continues. I think China is not serious about doing that thing. However, that can make a temporary panic at the market. And maybe that can impact the price to get down for a while. So you need to be careful.