BTC to 50K, China banned miners - page 4.

niisarearning

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Quote from: alexey14 on May 13, 2019, 03:08:31 PM

35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread:
https://bitcointalksearch.org/topic/m.50545198
Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.

As a newbie your having good speculation skill . Yes even i am also thinking same but already most of the bitcoins are already mined so there is no meaning of less supply . More over thereis lots of things impacting bitcoin price . Like trust on Bakkt or whales arrival after crypto summer there is lots we cant take only this scenario for this price hike.

Ozero

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The ban on mining Bitcoin in China has virtually no effect on the price of Bitcoin. Even if we assume that the number of miners decreases, the same number of bitcoins will be created vseravno for a certain time, the remaining miners will simply be easier and faster to mine them. The news of a possible ban on Bitcoin mining in China had not even affected the price of Bitcoin earlier. This ban will not affect the market even after the implementation of such a ban.

Nowherman

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It seems to me that a mining ban in China, on the contrary, will cause a negative reaction in the cryptocurrency market and entail a decrease in the Bitcoin price. This has happened many times before.
For example, a ban on ICOs was imposed in China in September 2017, and the price of Bitcoin collapsed.

minersday

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Quote from: alexey14 on May 13, 2019, 03:08:31 PM

35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread:
https://bitcointalksearch.org/topic/m.50545198
Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.

How sure are you that the Chinese government has banned Bitcoin mining in China? This speculation has been in the crypto space for a while now but there are no evidences and proves to back this claims and speculations. Looking at the current state of the crypto market, the factors contributing to the massive increase in the market value of Bitcoin can't be determined or seen.

Kelvinid

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win lambo...

How China will affect Bitcoin/crypto market, they don't give any and so we don't need to be afraid if they will banned miners cause in the first place they banned crypto years ago. Maybe we could see that they contributed a lot before and we learn from than when China surprisingly banned crypto, but for now, I never believe it will still cause down falls of prices.

tytanhamon04

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Quote from: alexey14 on May 13, 2019, 03:08:31 PM

35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread:
https://bitcointalksearch.org/topic/m.50545198
Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.

On the one hand, you claim true, but I think that the faster all bitcoins will be mined the demand for them will be greater ! I believe that bitcoin will be 50 000 $ for one coin and this is not the limit but I think that the aggressive growth of the market is not needed.

r1a2y3m4

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Quote from: SaShiRaJaVu on May 13, 2019, 04:20:36 PM

Quote from: alexey14 on May 13, 2019, 03:08:31 PM

35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange,

Since you made the predictions a long time back, i would like to know how much money you made in the future trading market, since you had accurate data on how the market goes, you might have made a ton of money, i would like to see your earnings you made in the past few days simply because you could accurately predict the market Tongue

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Quote

Less miners = More Demand = increasing price, as simple as that.

How will you correlate this, you think that the extinct miners will purchase the coins since they are not able to mine it, even if there is only one miner, the amount of bitcoin released for each block confirmation is the same and there is no inflation or deflation on that aspect, if there is more demand then the price will increase but what correlation does it have when it comes to miners, if you have a certain answer i would like to know Wink

.

I don't know about you but I think that this kind of logic is correlatable with each other. Even if they are miners, they are adopting cryptocurrency which is a good state of crypto. Still, they are transacting bitcoin, getting bitcoin and using it for a purpose.

proTECH77

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Quote from: alexey14 on May 13, 2019, 03:08:31 PM

~~
Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.

For china to Ban a technology because of lack of understanding in the said technology may look bad on china. Banning Bitcoin aren't going to change anything concerning the technology, you ban it and another accept it period. Hope to see the surge in due time becasue of this reason.

Bitum

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If BTC has to storm price to the 50K, that will not be, because mining is banned in China, there will be other reasons for that)

killat

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The price increase and decrease is based upon how we humans take it at any time.i.e. the market reaction.

So unless it has a great underlying value (which currently it doesn't), unpredictability is the SURNAME of Cryptocurrency

Ibizugbe1

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My friend, less miners are not responsible for the bitcoin price growth, bitcoin will always grow as it's a valuable digital gold, we have many companies coming to invest here. We need more miners to solve the complex mathematical equation of bitcoin that has to do with discovering new block, validation and confirmation, few miners is not conducive for the ecosystem. More so, miners can move to non-mainland in china and continue their mining job.

MonsterV

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Quote from: alexey14 on May 13, 2019, 03:08:31 PM

35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread:
https://bitcointalksearch.org/topic/m.50545198
Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.

the ban on mining btc by the Chinese government was carried out last year and this news was reappointed now. Last year many Chinese miners have stopped since the Chian government banned bitcoin mining. But today Bitcoin is capable of bullrun without a Chinese miner, miners do have an effect on the BTC price but it doesn't have a significant impact.

avikz

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Quote from: alexey14 on May 13, 2019, 03:08:31 PM

35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread:
https://bitcointalksearch.org/topic/m.50545198
Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.

Glad to see that your prediction has come to reality. But I really fail to understand the correlation between Chinese Mining ban and increase in demand. How the bannon Chinese miners will increase the demand of bitcoin so significantly??

Will you please explain? Even though I want to bitcoin to go up to 50k or more, but I prefer to keep my foundation as close as possible to reality!

mrsalvaje88

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We all predicted a similar rise, so we have an account in a bitcoin forum.

Bitmagister

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It is common that in times of euphoria in the markets, so-called gurus continually appear announcing spectacular increases, and for that they take whatever pretext is available, no matter how banal it may seem.

But it is interesting to read this type of threads, because it is a way to find out and observe on our own the way in which the bullish euphoria begins to manifest itself in the forum. And as soon as the price of bitcoin loses 10% of its price, the doomsayers of the catastrophe will announce the worst scenarios again... Grin

7788bitcoin

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Quote from: Astvile on May 13, 2019, 05:04:59 PM

There is also an disadvantage when huge scale of miners be gone on blockchain,did you think of how much fees for every transaction would cost specially if bitcoins price boom up right now?Last year cost of fees almost reach 10$ per transaction thats when all miners from china is working imagine now

The reason for the price increase was not because there was not enough miners but it has reached a bottleneck with the amount of transactions that we were getting at that time and since then we had UASF (Soft fork)and MAHF (Hard fork) and segwit was implemented and since then the transaction charges were understand control when it was fully implemented, even if there is a huge scale boycott in miners, the difficulty will be adjusted and we will carry on as usual Tongue

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Despite saying all these, there is no way that banning Chinese miners will not change the market value of bitcoin.

crzy

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Quote from: Padawan007 on May 13, 2019, 06:04:18 PM

Not surprised I thought most mining company already relocate from that company .for price , I still waiting for that 10 k mark

They relocate but we have no news about this one. Banning mining industry is not a good one, we can see a big effect in the future if China still banning this one. Since you don't have any exact time about your prediction, I think the $50k mark will hit in the next 10years. Grin

Duzter

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However if there is good increase in the price of bitcoin there is some reason for the growth. Most of the time somehow through speculation and prediction a conclusion is achieved. In my opinion it is not the miners, because they are the backbone of bitcoin. If 90% is shut the mined coins will get increased demand same time the network goes much weaker.

tomahawk9

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Quote from: alexey14 on May 13, 2019, 03:08:31 PM

35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange

You must feel like a bitcoin prophet now Roll Eyes

How much money did you make?

Quote from: alexey14 on May 13, 2019, 03:08:31 PM

Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.

Post a reliable source.

Also, don't get ahead of yourself, last time you simply said a random number, no analysis, no nothing, and the price happened to go up in value...But now that you feel with confidence you wanna raise the stakes? 50k is totally achievable, big question is when? If the price goes up to 50k at the end of the year, are you going to going to create another thread saying "I told you so"? Give me a break.

dothebeats

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Cashback 15%

Eh, no. Just because China banned miners doesn't automatically mean that the demand will be rising. Mind you, similar actions were taken a while back by China and constituents yet price remained stagnant and demand is somewhat dead. Perhaps this has something to do more with direct manipulation and Bakkt teasing the market rather than China again, for the market has since matured ever since China started playing games in 2015.

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