I believe the BTC market China is perfect time to capitalize. I am not sure if any of you are in Shanghai. I planning to go there and trade the surplus of BTC that they have and bring it back to US. The change will only happen with CCP realizes that they are missing out on something will actually help there economy. If more vendors in China take BTC. It will help the CCP to collect more CNY. Although until they realize that they are missing out something big. They will always be a step behind. Its really sad. The CCP could of changed the way they do business and much more efficient way. As I mention before, if you have billion citizens, they need jobs. By limiting BTC trade your only hurting your own economy. The smart thing for CCP to do is to tax instead of banning it from banking system.
There are always winners or losers. Although limiting opportunity is shame. I would exploit the China market and hoard as much of BTC there as you can. The price will jump again. The infrastructure is getting put in place. The system is flushing out the black market, conns, and hackers. The virus and bacteria of the system. Thank for VC for pumping in funds and creating secure exchanges. I believe faith is biggest thing in anything. The Chinese don't have the conviction and faith as we Americans and Europeans/Canadians. VC aren't dumb. They don't throw money if they are not going to make a profit.
The infrastructure in the North America and Europe will technologically more develop than Asia Pacific because the belief and conviction that will work. The Chinese will lag behind. It takes all time for businesses to accept, implement secure transactions, and create a system that efficient. When the CCP decide to ban it from there banks. They are taking one step backward. They will lag a generation. I would not be surprise. There will be a point where mining won't be profitable but conducting business transactions with the coin.
If any of you are in China. I would exploit the fear of the Chinese and obtain BTC at a good price. It nothing personal but business. The Chinese already kind of hurt BTC from the pump/dump thing that they have going.
For me its means opportunity for BTC pie for N.America and Europe. The more coins we can hold on to, the better. When the price does go da moon and 10k per coin. Because fiat currency is worthless. You'll definitely be enjoying that margarita on the beach with you hot girlfriend or wife. Because your the one that decide to hold onto the coins when they were at 400$.
Bitcoin is here to stay. I always remember that my professor mentioned. First movers into the market will always have advantage.
Buffet and economist who predicted the collapse of USA 2008 are generations back. They don't understand Bitcoin. The new "IN GOD WE TRUST" IS BITCOIN.
Every fiat currency in the world is based on trust. Trust is what make things work. The USD is backed by NOTHING BUT THE NAME OF THE WORLD CURRENCY.
So I would horde as much BTC that you can afford. Mine and be vigilant in telling everyone you know. The more publicity and more awareness will equal legitimatization. IF everyone in the BTC community sat down with 5 people a day and Debunking the fears of BTC. BTC will be going to the da moon.