Really? China isn't going to ban exchanges? You know this? You know for a fact that no Chinese exchanges are going to close?
Ok. Well since you have a crystal ball to predict the future, you certainly have an advantage over me.
However, in my crystal-ball-less world, I think that China could certainly make capital flow into exchanges either more difficult or impossible and I think exchanges could close.
yeah, it's a fact, as good as they come these days. the chinese have declared they they are not capable of banning bitcoin, they do not have the authority, and they do not wish to. they have publicly declared this!