35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread:
https://bitcointalk.org/index.php?topic=5130327.msg50545198#msg50545198Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more.
Less miners = More Demand = increasing price, as simple as that.
You don't need your friend in China to confirm anything. Bitcoin runs on the blockchain which allows anyone to check what pools are mining where and with what hash power. You can look at the Chinese mining pools and check that way. Then you know it is a fact and not the word of a friend. Are you sure they have banned mining in China? Where is this info from? So much of this sort of this is FUD so who knows what to believe.
In any case when has banning anything ever done any good or really affected much? People will mine. I don't even know how they managed to mine for free for so long before the government changed that. It was so unfair on the rest of the miners for Chinese miners to get basically free electricity so its pure profit. The rest of us right now struggle to break even. Electricity just went up again so it's insane. If miners in China managed to mine for free for so long then I am sure they will find a way around this.