I wouldn't read too much into it but if true then i would be surprised I would say down to point 2 at the most
https://twitter.com/bitcom21/status/9105794451986022401/ For people asking about China update, our contacts say we haven’t seen the worst yet. More below (note: this is all unconfirmed for now)…
2/ The most conservative outcome being that all OTC trading is banned which indirectly kills all miners (can’t sell mined BTC).
3/ The most aggressive outcome is a straight takeover of mining facilities by the State.
4/ Our sources say we’ll see extreme punishment for some crypto execs that invested client funds without their consent
5/ Also hearing reports of a LOT of mining equipment available for sale at STEEP discounts for anyone that wants to own the risk.
6/ Note again, that this is all unconfirmed and should be considered a speculative rumor for now. There's a lot of rumors floating around.
2- imagine that..cant sell mined btc = no miners dump and less coins on the market
5 - steep discounted mining equipment....where lol, lemme buy it
my take on this stuff is...
i dont care, when i look all alternatives...nothing offers me long term security as much as crypto. (pm's are 2nd)
fiat ..esp $$ is doomed, a currency that has been propped up by wars, created out of thin air..(frb,qe) is something i dont want ,
everyday more and more countries are becoming fed up with this.
As i have said many times, if china leaves any crypto spaces, other countries will take over.
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.... where we going short term , long term or something else?
