They are part of the economy. If they all decide to hold their coins and slow down the release into the market, the price will go up.
Just like during the recession, many are not able to hold on to their valuables and have to sell them cheap. It all depends on the miners' holding power.
Topic: What happens to Chinese mining companies if there is no halving price rise? - page 3. (Read 1749 times)
March 01, 2016, 10:10:02 AM
March 01, 2016, 10:03:29 AM
I think the major Chinese mining farms will surely have a plan b for when things don't go as they have planned. Don't forget that BTCC Pool is owned by the exchange BTC China. They have major influence over the price. Something tells me that Chinese exchanges will step in when there is no natural growth.
March 01, 2016, 10:02:56 AM
maybe they will switch to some alt know know you dont know what price will it be
March 01, 2016, 09:53:34 AM
Will they go under? Can they survive on half the amount of income?
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