China banned crypto, sell your BTC while you still can. - page 2.

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: Nosk on February 06, 2018, 11:54:58 AM

You know that the power cost needed to mine 1 btc is approximatively (depends on many factors) between 2k and 4K usd ?
It can't go to 0. Never. 3k seems to be the absolute bottom to me, and we won't reach it.

Here is a chart that you can use that will help.

I have updated it with Bitmains latest offering of the Antminer S9.

https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing

Between 2k and 4k to create 1BTC? There is a short window of oportunity to make such things as network difficulty depending on how much hardware does make its way onto it. The network difficulty rises you may never make 1BTC from the hardware.

At this price it may be way more profitable to simply purchase BTC.

Here is an example from the above linked document.

^ UPDATE: Now with two difficulty dates. Presently set at 5% and 1% on the 6th month.

It seems that the network difficulty will be dropping. Perhaps due to BCH taking a little of the mining hardware out of the picture or older hardware being taken offline to to operating costs.

zerberr

jr. member

Activity: 34

Merit: 2

meh. whales can move the markets with their volume alone.

Of course they can afford to hire some FUD spreaders on forums.

"Ignore" button is your friend.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Come on .... sell your coins on this FUD please!!!!!
Once you weak hands leave we can climb again

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Yes, yes cause more panic selling. Besides, as you can read in other peoples posts, China has been banning everything ever since. One of the articles is back from 18.10.2017 (pretty sure there were bans before this one) when China banned Bitcoin and you know what happened to the price afterwards. Stop spreading panic.

Nosk

member

Activity: 140

Merit: 35

You know that the power cost needed to mine 1 btc is approximatively (depends on many factors) between 2k and 4K usd ?
It can't go to 0. Never. 3k seems to be the absolute bottom to me, and we won't reach it.

lili song

hero member

Activity: 980

Merit: 509

Quote from: sommii on February 06, 2018, 06:40:10 AM

China blocks access to the markets with its huge Great Firewall of China. Any and all websites offering cryptocurrency trading services or advertising the digital currency market have been scrubbed from search engines and social media in China in a bid to wipe out the trade.
BTC will go down to $1k within next 30-60 days and it will be close to $0 before 2019. Sell it now.

I'm not sure bitcoin can go down to $1k, I still believe bitcoin can rise and shine to high value again. Bitcoin demand and supply still high.
Hope in a few month bitcoin up again, anything can happen in cryptocurrency world. We be better in bitcoin value after drop down.

pedrog

legendary

Activity: 2786

Merit: 1031

"The lesson from the internet is, anything that China bans, invest in it"

https://twitter.com/picoloresearch/status/904725588094668800

bitcad4u

sr. member

Activity: 602

Merit: 255

Quote from: sommii on February 06, 2018, 06:40:10 AM

China blocks access to the markets with its huge Great Firewall of China. Any and all websites offering cryptocurrency trading services or advertising the digital currency market have been scrubbed from search engines and social media in China in a bid to wipe out the trade.
BTC will go down to $1k within next 30-60 days and it will be close to $0 before 2019. Sell it now.

Don't be a stupid to believe all this things,do you have any link for this?
If this news is true so,not china only make this much crash.I don't accept the fact bitcoin will reach 1000$ and all in 30-60 days.
You make the holders to get panic,don't spread the fake news here to make other's panic.

severaldetails

hero member

Activity: 959

Merit: 500

The cryptocurrencies have started to move away from China. If they ban or ban not in 2019, I'm sure the cryptocurrencies will not bother that much. Besides, the problems that could come up in 2019 are not of any concern at the moment. At the moment we need to keep the down trend in check that we have right now.

fabiorem

sr. member

Activity: 1400

Merit: 347

China ban bitcoin every year. Last year it banned bitcoin two times.

Its old FUD. Not gonna work.

zazzbg

jr. member

Activity: 54

Merit: 1

Quote from: sommii on February 06, 2018, 06:40:10 AM

China blocks access to the markets with its huge Great Firewall of China. Any and all websites offering cryptocurrency trading services or advertising the digital currency market have been scrubbed from search engines and social media in China in a bid to wipe out the trade.
BTC will go down to $1k within next 30-60 days and it will be close to $0 before 2019. Sell it now.

Do you want to buy mine?

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

China banned bitcoin in 2013. All the Chinese exchanges finally went down in 2017 which served as a silk-road-like launchpad for the rally. I dont know how china is relevant now and why you are trying to necromance this idea from the dead.

jseverson

hero member

Activity: 1834

Merit: 759

I don't think things are going to play out the way you described. China's trading volume has already plummeted pretty severely since the first exchange ban, and while it's a pity that even P2P exchanges were shut down, there are still plenty of ways for the still existing Chinese traders to do what they do. There are already ways to bypass the Great Firewall of China, and there's no reason that wouldn't work for crypto. Some news article also came out recently that described how Chinese traders were moving their activities to Hong Kong, where China's ban can't reach them.

Miners may be affected in the short term, especially with all the uncertainty surrounding mining, but this could be a good thing. It's such a bad idea for majority of the hashrate to come from within the Great Firewall, where regulations are rash and drastic. It's better for the Bitcoin network as a whole to do away with all that uncertainty by distributing the hashrate a little better across countries with non-oppressive, clear-cut rules.

babydl

newbie

Activity: 4

Merit: 0

only one china? have any country (official network) ,teamviewer , VPN can help. haha

sommii

member

Activity: 128

Merit: 10

China blocks access to the markets with its huge Great Firewall of China. Any and all websites offering cryptocurrency trading services or advertising the digital currency market have been scrubbed from search engines and social media in China in a bid to wipe out the trade.
BTC will go down to $1k within next 30-60 days and it will be close to $0 before 2019. Sell it now.

Topic: China banned crypto, sell your BTC while you still can. - page 2. (Read 405 times)