Bears have plenty of time to buy back in. I anticipate more bad news from China. Specifically, regarding foolish attempts to bypass the no-deposit law with things like vouchers (lookin' at u btcchina).
Exactly.
We shouldn't forget that Chinese exchanges are in a difficult situation. They could shutdown anytime.
A complete shutdown is bullish because that would stop panic selling. The price would become dependent on other exchanges.
A continued policy of no deposits while allowing withdrawals will inevitably result in more panic selling. However, if the gov also restrict withdrawals, then traders might be forced to buy bitcoin just to cash out elsewhere, similar to what happen with Gox last summer (and is arguably still happening). This would cause the price to climb dramatically.
*edit*
And what I predict happening is China cracks down on the attempts to bypass deposits and eventually restricts withdrawals. The best time to buy is after the crackdown. The price will go up once buying btc is the only way to get anything out of the exchange. Be prepared to sell again if there is a complete shutdown of everything, including btc deposits/withdrawals.
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