/biz/ - Business & Finance

we are fucked, chink miners are going to dump this shit to the ground AAAAAAAAAAAHHHHHHHH

it's exactly the opposite. china banning btc MINING is super bullish.

also pic related makes sense now

>>13273155
bullish as fuck
WE WILL PRICE THEM OUT

>>13273155
Your face when the 2018 bear market was a plot to shake out china

>>13273155

Go Green !


Check out!

https://bitcointalk.org/index.php?topic=2827989.680

Stake while you trade
https://youtu.be/OIamCXZ6CZI

>>13273203
how is this super bullish?

Holy shit this is the fucking cherry on top. Get fucking stiffed fools. Sv gonna pump so hard off this bullshit. Sv pumps when btc dies. STIFF

>>13273296
Holy fuck, I’m so fuckin stiff just thinking about it

>>13273274
basic suply and demand?
demand is the same the china suply is shorting

>>13274054
supply stays the same. hashrate may drop but i doubt it since hashrate follows price. also many people unerestimate how cheap electricity even in europe is if you pay the industrial price. also chinese will stay gamblers.

>>13274095
Bitcoin relies on mining for securing its network. If mining technology doesn't stay powerful and electricity for mining doesn't stay cheap, Bitcoin may have a 51% attack on the horizon.

It's theoretically too much to attack Bitcoin. Every halvening, Bitcoin inflation decreases to make up for the low difficulty. China pools the most hashrate power, so they are securing the network more than anyone else. Can they keep this up forever? China are the whales. I'd be cautious and worry a little if I was anyone, but China. They will be ready when a SHTF scenario were to happen.

>>13273155
AAAAAAAAAAAAAAAAAAAAAA nooooooooo

Difficulty rising since December. The true bottom is when the difficulty stops sinking and it rises again. As long as miners can turn a profit from mining, the difficulty will keep going up and miners will keep mining away.

>>13274295
>hurr 51%
>china pools the most so is safe
are you fucking braindead?
did you suck your boyfriends cock when china peaked at a collective 48% of network power?
they came disgustingly close to 51% (largest 2 pools combined) and you can bet your ass the chinese government wouldnt have any pain forcing both to work together to do an attack
the absolute state of retards

>>13273155
>china making treats to infuence the market
woah

>>13274349
I burst into threats reading the article. It’s over bros.

>>13274295
>>13274326
the faster chincks are pushed out if the market the quicker I take out a loan, get my ltd. and start living comfy. 4cents per kWh using surplus power at night.

>>13273155
>ITS FROM FUCKING 2017
ITS FROM FUCKING 2017
>ITS FROM FUCKING 2017
ITS FROM FUCKING 2017
>ITS FROM FUCKING 2017

>>13274326
Nowhere did I say it was safe. China's not going to 51% attack it. That isn't there goal. Like you said, they could have attacked it by now if those two pools teamed up. They're hoarding the hashpower and the security. That doesn't mean they own the most stash of bitcoins either.

I 'm just pointing out that Bitcoin will need all the new technology to keep up with the increase in demand of miners. That's a problem with relying on mining for security.

>>13274385
get a load of this brainlet who reads the imagine date

>>13274385
Yeah poor fud

>>13274369
If fiat currency fails, guess what will be used? Bitcoin. There would be a war over who controls the production of Bitcoin. I wouldn't be surprised if there are multiple countries working together with China to stay afloat in case of hyperinflation of the US Dollar. China has the edge.

"Those that control the money supply, control the world." If the money used changes to a new form of money, those who control that supply control the world.

>>13274420
>imagine
Ti prego Pietro

If you think China mining ban means anything you don’t understand bitcoin. The entire point is decentralisation, if China bans it, who cares? Btc the world currency does not bend to the whims of one stupid country.

Secondly. This is last China has up its sleeve. After this they can’t influence the price anymore. What other bad news can they come up with?

>>13273155
Load ze china fud and dump it.

>>13273203
Jesus christ you cant seriously be this retarded. Once that hash power leaves bitcoin the price to produce one btc will drop lowering the intrinsic value and thus lowering the price

>T. Btc miner from 2011

The fact that so many brainlets in this thread thinks this is bullish and doesnt know how badly it will hurt the price proves to me that we have yet to capitulate and shake out all the normies from 2017

>>13274572
>Chinese are buying BTC even more now
>not bullish

>>13273155

>Buys huge purchase of btc
>Chinese govt releases fake press reports

China is gonna dump.

>>13274518

>They can't stop them from controlling it
>Now after this they wont influence the price

wew

>>13274584
Lol china disallows buyingb btc how stupid r u they dony suppory it at a because it weakens their currency

China is so hostile to crypto, I see this as another move to completely eradicate it in their country. How anyone can see this as anything but bearish is beyond me.

>>13274597
chinks themselves devalue their currency for export advantage
They dgaf about strong RMB, only fear of people not using their fiat from perspective of power

>>13274572
It decentralizes bitcoin mining if China bans operations. Difficulty would drop and so would the price. It would open the doors for miners outside of China. Price could drop to $1k over night. Its bullish for those on the sidelines waiting for a price drop and small miners waiting for a difficult drop. Its bearish for China.

imagine believing any news from chinks.

>>13273155
>falling for the Chinese anti-cypto meme

I'm losing faith in my fellow bitcoineers

crabish as fuck

>>13274655
Gonna think long term frens

>>13274597
>Chinese care about the value of their own money
They don't even give a shit about the life of their fellow chinaman. They'll gladly let build bridges with styrofoam if it makes them a penny profit in the short run.

>china disallows buyingb btc
They have thousands of hand-to-hand sellers

>>13274664
Yes but the gov is against it they wont let it succeed in china. They like blockchain tho thats why they work closely with wtc vet man etc.

>>13274663
Is hippepe the next stage of clownpill?

>>13273155

>>13274572
>>13274597
>>13274449

>>13274707
Everything is groovy man, based hippypill

>>13274714
I was looking for this

>>13274572
The fact that you still fall for "muh China banning Bitcoin meme" for the 5th year in a row is even more pathetic

>>13274572
Sorry to be the one to tell you but.. you are the normie

Btc at 5300 and rising so who cares

>>13274759
And you are a brainlet. Ive been in btc since 2011. As soon as i saw this news i went to bitmex and 25x shorted. Keep hodling kiddo ull make it some day.

So Chinese miners will sell every pow coins and buy pos alternatives.

>>13274792
>shorting crypto

Unbelievable faggotry on display

To me the question is not whether it goes up or down because of this. My question is why is china such a massive shithole? Is it because it's still socialist communist agenda? They already tried to ban crypto numerous times for whatever reasons. They introduced some shitty social credit system to fuck up the people. They're really trying hard to take away any type of freedom their people have. What a massive shithole.

>>13273155
>China FUD back on the menu
Bullish af

>>13273155
>BTC starting to rally
>Release China story

They can't keep getting away with it

Another time? I'm bored of this shit, they ban Bitcoin every year or 2 and I stopped caring

>>13274911
This

>>13274561
>>13274651
You are fucking backward brainlets, aren't you? Why do you think difficulty was high and why did China have farms?

> what is electricity cost

A corporation size mining with access to cheap electricity and ready to dump loads of btc vs decentralized individual miners with adjusted difficulty selling btc individually at their own discretion

>>13274561
you also conveniently ignored the china otc btc buys

anyways, pow miners are usually retarded, so no surprise here

>>13274971
LOL you have no idea what ur talking about just stop. If difficulty drops so will price thats how pow works retard.

>>13274923
>Story

All of my kekks

>>13273155
imagine killing a huge business in your country because you are scared. lmao

other countries will pick up and china has just removed itself from future domination of digital currencies.

>>13275192
Price doesnt follow difficulty, its the other way around.
During the time it takes new miners to fill this gap for potential profit, price will increase due to the sudden cut in newly minted coins as well as miners acting as sellers.
Asides the mining side, trading will continue as is always has, mostly OTC, in china.

It’s pretty funny if you stop and think about how many times we have heard this meme and nothing happens.

>>13274867
Because chinks are a soullet genetically engineered slave race.

>>13273203
If people don't mine trades cannot happen quickly and cheaply. If they cannot happen quickly and cheaply then the coin just isn't worth as much. The biggest miners are the easiest for the government to shut down if they continue to mine illegally. Banning mining will kill coins.

>>13273155
>China bans Bitcoin
no one is falling for it anymore

>>13273155
china FUD lol try harder capsfag anon

>>13275363
Thats just simply not true pajeet. Plus you hardly make any sense with your broken english

However
https://twitter.com/pewdiepie/status/1115651267076947968

pewdiepie livestreaming on blockchain platform

>>13273218