Ok just to clarify when do you guys think the chinese government will announce whether they will ban bitcoin mining? Just to confirm is it the date of 18th october next month?
Also on 18th october next month will we know chinese government will bring in new bitcoin trading/tax rules instead of a ban or a sooner date?
If the chinese government ban bitcoin mining then what price do you guys think bitcoin will dip or bottom out at? Will banning mining will make bitcoins rarer and more expensive as there's no miners to mine them for demand?
Also why people saying china banning bitcoin is good?