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Baimovic
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July 05, 2018, 05:02:32 AM |
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China has no good purpose for bitcoin, they are greedy and want to dominate the bitcoin market, but their greedy makes the bitcoin market out of control.
but, we assume that Chinese mining has a major influence on bitcoin stability, to this day they still control the bitcoin market, when they close the mines, the bitcoin will drops. and we feel today.
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abojamal
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July 05, 2018, 05:24:05 AM |
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I think the impact is limited because the major mining companies
Moves to other countries accept btc
Its atmosphere is cold
I think the effect is limited
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Raiden0729
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July 05, 2018, 05:38:02 AM |
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On the off chance that China shut all mining in their nation at that point there will be an immense decrease of bitcoin mineworkers and I figure it will enormously influence the exchange speed and expenses in addition to and gigantic measure of bitcoin diggers as well as bitcoin clients. I can just envision that the cost of bitcoin will significantly diminish again and will be difficult to recoup. Well despite everything I trust that something to that effect won't occur.
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rindayle
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July 05, 2018, 05:52:40 AM |
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This information needs to be confirmed, as it can be disinformation that will cause panic among investors. But I think even if you stop mining in one place, appear in another.
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ajuelnah akun
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July 05, 2018, 06:10:23 AM |
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This is just a rumor, China does not really close their mining and to date, China is still the country with the largest bitcoin mining location.
But if one day it will indeed be done, I think it will be good news. Because if they stop mining, the amount of bitcoin will be limited and the amount of bitcoin in the market will not be equal to the amount of demand, which means that bitcoin value will become more expensive and this is much better than pumping.
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Jolozxc
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July 05, 2018, 06:33:00 AM |
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I read some article about it before that china is blocking all the relation of their country on bitcoin, But suddenly theres a new news about it after a months that they will accept it again if im not mistaken, I think if they will going to do that again there will be a huge impact again on bitcoin price like it will fall again like what happened before.
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elygil2022
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REMIIT.IO
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July 05, 2018, 06:42:17 AM |
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There is nothing that China can do that will affect bitcoin. That’s what makes bitcoin great. Not even the world’s most populous nation can influence it.
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btcprospecter
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★777Coin.com★ Fun BTC Casino!
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July 05, 2018, 11:16:02 AM |
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As long as there is money to be made and taxed by a government nothing is going to happen. If China did completely cut off mining somewhere else would take its place.
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cruzinghard
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July 05, 2018, 11:18:02 AM |
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This is an old news/old thread and this never happened nor do I think it will ever happen. China enjoys having power over Bitcoin, why would they get rid of it? Electrician bills are getting paid anyway.
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Snakerist
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July 05, 2018, 11:21:54 AM |
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Even if China bans Bitcoin mining it will not mean that these hashing power will disappear. But such news can cause big fluctuations in the price.
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maianh09
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July 05, 2018, 11:25:13 AM |
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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.
If mines are closed, Bitcoin prices will go up quickly. Unfortunately, operators are not closing, and they are moving to countries that accept mining Bitcoin and have a cold climate with low electricity prices. Mining mines never stopped. |
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bitfocus
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July 05, 2018, 11:31:23 AM |
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The best decision from China - Bitcoin will stay a little free from Chinese control.
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mfyilmaz
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July 05, 2018, 11:35:28 AM |
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The best decision from China - Bitcoin will stay a little free from Chinese control.
and then? as long as it is not decentralized it can be controlled by anybody... the bitcoin network today is almost 2 million bitmain s9 big... so if you have enough money and enough power to buy and use 2 million s9 (which every country hast) you can easily take controll of the bitcoin network... its not that hard ectually... |
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lzby2000
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July 05, 2018, 11:39:03 AM |
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I think this kind of judgment is wrong. China does not plan to shut down the bitcoin mining industry, and there is a lot of idle power in China to dig bitcoins, which are in remote areas, and local governments are welcome to the miners.
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gabagandalf
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July 05, 2018, 11:39:44 AM |
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The best decision from China - Bitcoin will stay a little free from Chinese control.
and then? as long as it is not decentralized it can be controlled by anybody... the bitcoin network today is almost 2 million bitmain s9 big... so if you have enough money and enough power to buy and use 2 million s9 (which every country hast) you can easily take controll of the bitcoin network... its not that hard ectually... i have not seen it from this point of view. good contribution. i have to think about it first. |
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sagittarius1
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July 05, 2018, 11:50:39 AM |
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Such claim requires a source. With no source its only a FUD therefore has a place in with hypothesis board.
Aside from that, occasions like this are never initiated from everyday. It will rather be a procedure, even in socialism driven nation.
Right off the bat a market freeze, huge dumps and value plunge however before long, system will rearrange itself and begin to recoup.
Trouble would go down, making mining productive elsewhere, also expresses that are genius crypto, they will draw in "crypto-tourism" and mining outsourcing. China isn't the entire world, and market cannot stand vacuum.
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mistanama
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July 05, 2018, 12:10:50 PM |
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Can I get the source where you read it? Because of these news stories, many new comers are afraid to invest in bitcoin. And there is also panic selling because of such news that has no solid source.
So before we make the thread there is a source of information
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ScrolLlock
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July 05, 2018, 01:37:16 PM |
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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.
Are you serious? Do you have clear information about it? give me a link about the news. |
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isabuhay
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July 05, 2018, 01:39:39 PM |
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These infos help me alot guys
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Btcnaivie
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July 05, 2018, 01:54:25 PM |
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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.
If china bans BTC mining operations two things will happen for sure. 1. There will be a shortage and price will go up 2. After closing mining farms, value will increase but so will the transaction Times, and bottleneck effect will be much worse than it is now. So we will get a coin that has terrible transaction times, but also with more value. I wonder what will happen in long term after this. |
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