This is what is going to happen to you:
I believe you will learn a very important lesson soon.
Remember the Chinese miners are highly leveraged fiat debt queens.
Manufacturing in China is a 0 profit activity. Read Michael Pettis.
Remember the Chinese miners are highly leveraged fiat debt queens.
And they're in an emerging market with tremendous growth potential, while everyone else on the planet is also in the same enormous fiat debt, except their debt is in something not productive. When the cascading defaults occur in the global economy, it will create a black swan event. So much of the digital fiat will instantly vaporize that the system will no longer function. The people who maxed out their credit cards on something that will actually be useful on the other side of this are probably the smartest people in the room when nobody is going to be paying back those debts anyway.
It doesn't work that way in practice. Armstrong has explained that rest of the world will collapse first driving the USA dollar skyhigh, because the rest of the world was borrowing in dollars and pegging their currencies to dollars, thus the rest of the world is short the dollar. A massive short covering effect is coming. And thus the international capital will follow like ducks chasing the gains in the USA dollar and USA stock market. Causing a massive bubble while the rest of the world is collapsing.
When the dollar becomes too strong and the bubble reaches its apex, then the dollar will collapse and the world will end up in a monetary reset chaos 2018 - 2020.
So what's your reply to this? You think the Chinese miners are going to get squeezed so hard they have to dump everything? They already dump everything lol.
The large scale miners operating on debt. They will be forced to dump more Bitcoin as interest rates rise. Mining on low interest rate loans has been great.
Your scenario doesn't make sense. There's no reason for all these nations to be beholden to the US dollar and collapse while acting as indentured servants to the US.
It doesn't make sense. But it is a fact. The value of dollars raised by foreign corporations via bonds that have to repaid in dollars is $10 trillion since 2008.
The Hong Kong dollar is pegged to the US dollar. The Chinese Yuan has been more or less pegged the US dollar. This policy enabled China to force all savings in China into 0 profit manufacturing. Read Michael Pettis to understand the macro economics.
What you think is irrelevant. These are the facts.