Such claim requires a source. Without any source its nothing but a FUD ergo belongs in to speculation board.
Apart from that, events like this are never commenced from day to day. It will rather be a process, even in communism driven country.
Firstly a market panic, big dumps and price plummet but soon after, network will readjust itself and start to recover.
Difficulty would go down, making mining profitable somewhere else, not to mention states that are very pro-crypto, they will attract "crypto-tourism" and mining outsourcing. China is not the whole world, and market cant stand vacuum.
Topic: China plans closing Bitcoin mining. - page 21. (Read 3593 times)
In China, bitcoin mining consumes a lot of energy and the Chinese government is concerned about the problem. They fear that bitcoin digging will affect their energy.
I think the impact of this bitcoin mining ban in China will also puncture the transaction time, causing increased fees to be paid to transfer bitcoin. This could negatively affect the value, as it would make cryptocurrency less practical as an alternative to the normal currency.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
This has little impact on Bitcoin as large Bitcoin mining companies are now shipping to colder, low-cost countries. And most of these countries accept Bitcoins and Crypto. Do not worry too much because the ban does not affect the market and the market continues to trend up.This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
This has little impact on Bitcoin as large Bitcoin mining companies are now shipping to colder, low-cost countries. And most of these countries accept Bitcoins and Crypto. Do not worry too much because the ban does not affect the market and the market continues to trend up. This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
can we really trust Chinese government not to change their mind?
What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
Jump to: