China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
China may have brought shame to bitcoin time and time again but china also played a huge part why bitcoin is at its price today. From the chinese miners to the traders they all played a huge part in bitcoin. We cannot shut them down completely, its their government who can but some of these chinese investors dont want to let go of their bitcoin completely so when the time comes that the whole crypto currency gets banned in china most of these investor will just transfer to another market such as japan.
It is easier than selling all their bitcoins, with the price of bitcoin today you can simply buy a ticket to a different country trade there and withdraw the money converting it to the traditional currency or do bank transfer, then go back to china.
The government of china is so greedy that this may have caused the dips, it is their attempt to control bitcoin manilulating it in every way possible but bitcoin is resilient and bounced back just right after their plot. Now, it may have shamed them and these people by now realized that there is no way for them to control bitcoin, so they are now plotting to have it completely shut, then again this could just be a move of china just to destabilize the global market.
Bitcoin will do good even if without china, as bitcoin is gaining popularity worldwide more and more countries will acknowledged bitcoin and more people will start trading.
It is also a good idea to get GPU or CPU mining back to the average people, but that may slow the process down and it may affect the prices, might go down to 1k USD or less, that we dont know, only time can tell.