Where can the money go after China banbed its Bitcoin exchanges?

[100bitcoin]

Japan. Simple. Because, Bitcoin is a recognized medium of exchange at Japan.

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[Piesel]

The majority of bitcoin sellers do not know much about bitcoin. They heard about bitcoin from their friends, telivision and advertisers and they buy bitcoin from exchange without knowing the existence of bitcoin wallets. However, whales in China are different. They are all wise people and they know how to control their bitcoin appropriately. And they also know how to dump their bitcoin in order to buy cheap bitcoin as well

[AleSergio]

The majority of bitcoin sellers do not know much about bitcoin. They heard about bitcoin from their friends, telivision and advertisers and they buy bitcoin from exchange without knowing the existence of bitcoin wallets. However, whales in China are different. They are all wise people and they know how to control their bitcoin appropriately. And they also know how to dump their bitcoin in order to buy cheap bitcoin as well

Yeap I agree with you. I can also suggest that even regular people (not whales) can still find the ways how to buy bitcoins and trade them.
In our world nothing is impossible for people who seek.

[Snaic]

If it happens that China will still prohibit the circulation of crypto currency in its country, then the crypto currency will move from China to other countries, such as South Korea, Hong Kong, Japan. Already, the exchanges of these countries have increased their bids taking into account the incoming crypto currency from China.

[arthotdog]

If it happens that China will still prohibit the circulation of crypto currency in its country, then the crypto currency will move from China to other countries, such as South Korea, Hong Kong, Japan. Already, the exchanges of these countries have increased their bids taking into account the incoming crypto currency from China.

I think that's why we seen another massive upwards movements as we knew that those countries are helping those Chinese traders might
transfer their assets to one of those countries that open the door for exchange we really cant predict but reality will show us if what will
happen after this china's actions.

[irmasany]

I am wondering what type of options do the Chinese bitcoins holders have from the ban?

Most people would just sell their bitcoins before the exchanges closed and cause the price to drop, however, if they can move their coins to a wallet, then it would be a different story.

I know people can move their coins to their own wallets, but that is if the exchanges can provide them with the private keys and if they are proficient enough to manage their own wallets.

Another option which I can think of is to move their coins to an online wallet service such as Exodus or Xapo.  This is probably the easiest option.  Does anyone know if these wallets are restricted by countries?  Would Chinese bitcoins holders be able to move their coins to these wallets? 

I don't know, because I am not a Chinese citizen. maybe you should ask them directly to china people who are Chinese citizens.
every possibility is always there, and whatever it is they will choose the best way for them to do.

[Funeral Wreaths]

The majority of bitcoin sellers do not know much about bitcoin. They heard about bitcoin from their friends, telivision and advertisers and they buy bitcoin from exchange without knowing the existence of bitcoin wallets. However, whales in China are different. They are all wise people and they know how to control their bitcoin appropriately. And they also know how to dump their bitcoin in order to buy cheap bitcoin as well

Yeap I agree with you. I can also suggest that even regular people (not whales) can still find the ways how to buy bitcoins and trade them.
In our world nothing is impossible for people who seek.

exactly right! most people living in China that are traders are not just people who are easily tamed or in short they are intelligent people and wise person. i think they are not that easily being panicked by what their government decided, instead they took it as an advantage and use it to buy more once the price begun to fall, and then after they had bought, they have even predicted or being sure that the ban was not permanent and still they can resume using crypto.