trump increasing the customs taxs does not affect china at all. it affects the hobby miners that buy a asic and have it delivered to america. because it costs the hobby miner extra becasue the american hobby miner pays the tax.
this can affect the ratio of hobby:farms which can then cause issues of americans involvement of bitcoin declining because they cant afford to be miners anymore
.. the impact of this is the americans that stick with bitcoin dont mine to sell instead they buy coin to hoard. which can mean while china is selling coins americans are buying coins. which can affect the price positively. but if the buyers decline. then the price declines as there is less demand
..
a bigger factor of price speculation (the bubble foam above the underlying value) is the usefulness of bitcoin.
if america make it harder for exchanges to work with banks to allow people to deposit/withdraw fiat. then they wont be buying as many coins. which means that the speculative price will decline
this also includes if there is less retailers accepting bitcoin and deciding to accept an altcoin. then bitcoin can go the way myspace went. other altcoins can become the replacement facebook analogy. because other coins become easier and cheaper to mine/access/spend
Topic: the ongoing situation usa china lets speculate btc price (Read 150 times)
on going situation between the usa and china we all hope it end well and both parties use enought diplomacy to solve negition good way....
anywahys what will the btc and crytpocurrency do in war situation? and how does it affecting the btc price generally?
should we worry about or its even better for cryptocurency users?
anywahys what will the btc and crytpocurrency do in war situation? and how does it affecting the btc price generally?
should we worry about or its even better for cryptocurency users?
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