Post
Topic
Board Bitcoin Discussion
Re: Bitcoin IS basically DESTROYED
by
AlexGR
on 09/05/2016, 20:35:39 UTC
Actually, I worry more about what's going to happen when the Chinese economy falters.

Why would it falter? It's not like others are making cheaper products, right?

Even the CNY devaluation scenario makes them stronger exporters and leads to a bigger domination of the industrial goods sector.

Heck, even their mining operation will be stronger. If Kyle Bass and Soros are right about possible devaluation dangers, then BTC revenue will go up by 20-40% in a CNY devaluation scenario of 20-40%. It will be more profitable for them.