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.
What if we use 100% of our brain? lol
Have you heard anything about mining difficulty? Many miners = higher difficulty, less miners - low difficulty. If I could mine 1btc among 100 miners and now half of them are gone, situation has changed better for me and I can mine 2 btc instead of one. Also less difficulty opens path for others to join mining so this is just a task of time, difficulty will rise asap.
Also 90% of miners from chine can move their miners into areas where mining is legit and there are a lot of places, for those who had 1-2 antminer it doesn't worth but if I have 300 antminer, then I'll move of course and won't sell them. Consider this too while thinking around this task.