Topic: BTC To 9K$, China Banned miners - page 2. (Read 868 times)
Since the Chinese miners can't legally sell bitcoins in China, does that mean that most have been simply holding their mined bitcoins since last year? or have they been selling for fiat illegally?
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
Till now we don't have any news reports of mining farms raided by the cops or the electricity supply disconnected. So the impact may not be that serious. But the price movement for the past 4-5 days indicate that this factor may be contributing to the ongoing bull rally. And get ready for a major spike, in case a few of the mining farms are forced to shut down.
We cannot know if bitcoin will rise after the move of china to ban the miners but the good thing is bitcoin still in a $5k level and ready to break the $5600 goingbto $6000, lets wait for another month if the increase will continue or it will going to dump this time.
You are right, we need to see the exact results, predict the cause only for reference. I think Chinese policies no longer have a strong influence on the market.
We cannot know if bitcoin will rise after the move of china to ban the miners but the good thing is bitcoin still in a $5k level and ready to break the $5600 goingbto $6000, lets wait for another month if the increase will continue or it will going to dump this time.
The price is going at the right path, it's going to reach $6000 soon, just watch it, it has never back down and will certainly break the resistance soon. We stayed at $5000 long, time to move up as that's the right move in the bull period.
If we are going to look at how it affects the market after the news has been released, no negative impact has been seen. On the contrary, the market is really doing good as the price is now breaking another big barrier at $5200 and yeah it could be heading to $5500-$6000 and we could be back where we used to be before the actual massive sell off because of the Bitcoin Cash vs Bitcoin SV hash war. So I guess there is no negative effect so far and we have to thank the market for not really taking this news seriously.
We cannot know if bitcoin will rise after the move of china to ban the miners but the good thing is bitcoin still in a $5k level and ready to break the $5600 goingbto $6000, lets wait for another month if the increase will continue or it will going to dump this time.
You are right, we need to see the exact results, predict the cause only for reference. I think Chinese policies no longer have a strong influence on the market. It seems to me that now it is necessary to pay as little attention as possible to what the media is writing, as well as any online publications, because most likely this may not be completely reliable information. You just need to take into account the fact that the trend has changed and now we are all waiting for slow growth.
Yes, you are right we need to carefully watch the media news because many people are completely positive about China's ban. But it is not yet confirmed message from the Chinese government until we get full clarity information we shouldn't conclude it.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
I believe you it is either you are new to the crypto space or you are still yet to study how crypto works, because I don't see any reason why you will this a good news, the bitcoin blockchain was designed to release a specific amount of reward every 10 minutes and the available of so many miners just make it difficult for lesser miners to benefit since they have more processing speed than lesser miners, after all they are the one who protecting the network and no miners mean easy hack on the Bitcoin network. 
We cannot know if bitcoin will rise after the move of china to ban the miners but the good thing is bitcoin still in a $5k level and ready to break the $5600 goingbto $6000, lets wait for another month if the increase will continue or it will going to dump this time.
The price is going at the right path, it's going to reach $6000 soon, just watch it, it has never back down and will certainly break the resistance soon. We stayed at $5000 long, time to move up as that's the right move in the bull period.
Communism and decentralization goes together like ham and moon rocks.
We cannot know if bitcoin will rise after the move of china to ban the miners but the good thing is bitcoin still in a $5k level and ready to break the $5600 goingbto $6000, lets wait for another month if the increase will continue or it will going to dump this time.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
How will this increase demand? If this pushes through, it will lower hash rate, which will make mining much much more profitable to the remaining miners. It can actually lower price of bitcoin if no other country picks up the slack.
The less China the better.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
How will this increase demand? If this pushes through, it will lower hash rate, which will make mining much much more profitable to the remaining miners. It can actually lower price of bitcoin if no other country picks up the slack.
It doesn't actually totally btc miners banned. It was just a proposal but no yet implemented. But whether the China and their government decided to banned btc mining, if it is for the country's sake then it's fine. It will gonna affect btc's price for sure since the demand will go higher then the price will also go up.
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
They are just considering it to be ban. It is not sure. The demand will increase for sure if that really happen and as you were saying price will go up. It is not sure but it still good to be true. 
Did they really ban bitcoin mining?
It only says it's considering a bitcoin mining ban, so it's not yet final so I guess everyone should stop speculating as this point until we really heard fro the Chinese government about their stance on it.
On the bright side, it might cut the monopoly of Bitmain and other countries might be willing to keep bitcoin mining on their back-yard.
It only says it's considering a bitcoin mining ban, so it's not yet final so I guess everyone should stop speculating as this point until we really heard fro the Chinese government about their stance on it.
On the bright side, it might cut the monopoly of Bitmain and other countries might be willing to keep bitcoin mining on their back-yard.
There is no way China will actually ban bitcoin mining. They get tax revenue from businesses and mining has been thriving in their country. Its just sabotaging their own economy only to let other countries gobble up the mining industry.
It seems to me that now it is necessary to pay as little attention as possible to what the media is writing, as well as any online publications, because most likely this may not be completely reliable information. You just need to take into account the fact that the trend has changed and now we are all waiting for slow growth.
You are looking at the positive, but the majority will not. If the decision is made, the price decrease will be possible.
Did they really ban bitcoin mining?
I do not think the final decision was announced.
Where do you get your data that Bitcoin will grow to $9k? Even if they ban their miners or not we can't still say that Bitcoin will grow. Luckily Bitcoin passed the $5k resistance since it is hard to attain in the past few months but look at this we have seen some improvement of the market.
it is China and news coming from China on shitty news sites so I wouldn't be surprised that there has never been anything remotely close to an actual "ban" but something that the news sites exaggerated like they have been doing in the past 10 years just to get traffic with their click baits.
as for bitcoin price it won't change based on this news specially not upwards. if anything it should have dropped because of the panic. you can associate the recent small drop with it but that was too small and it is already over so it is not worth talking about that either!!!
You seems to be right, most of the sites promoting these news may just be doing so to gain attention or traffic to their site, because I was wondering how crypto mining has now become major challenge to the government of china, of all the challenges they have at hand that poses threat to them more than mining, I bet it was not true, if they wanted to do so, they would have even started by banning some exchanges too like HUOBI, this blockchain system is really beyond governments control and I don’t think they have seen any threat it has pose to their economy yet for them to go that hard on it. as for bitcoin price it won't change based on this news specially not upwards. if anything it should have dropped because of the panic. you can associate the recent small drop with it but that was too small and it is already over so it is not worth talking about that either!!!
Good news, China Banned BTC miners,Demand will be increased so Price will go up.
Really?so when would this be?lol China was thinking about banning but not decided yet so this is a future speculative post,but for me?yeah i eant this to happen soon,as i am dying to see the spike of bitcoin to uptrend
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