Denker
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September 22, 2017, 09:38:20 AM

If China bans the Chinese miners and they have to shut down and move, that would be short term bearish but soooo hella bullish in the long term.

Think about it. They would have to move equipment from provinces where they are essentially getting free electricity, to places that would actually charge them money per kwh. It would level the playing field with other miners scattered all over the world. They would then have to hold more and charge more for their mined bitcoin.

Charlie tweeted a few hours ago that according to his trusted source, there won't be a mining ban or a cut off from the network.
It seems mostly to be FUD and manipulation by some whales!

https://twitter.com/SatoshiLite/status/911067464796053506