Quote from: partysaurus on May 28, 2019, 09:35:08 AM

Quote from: alexey14 on May 13, 2019, 08:08:31 PM

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#msg50545198
Now 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 seem to be right my friend Cheesy

lets see if ur right the whole way to 50k or if it will stop at ath and go down again like last time.

Try not to depend on this expectation, seeing bitcoin at $30k is sufficient for most financial specialists to begin selling revenue driven which is a significantly an excellent return, before the few individuals who are happy to hold up till $50k gets the chance to see it, there would have been enormous dumping that will make it begin cycling once more, and presumably will dip under $6k at that point.

Thus, before bitcoin can truly achieve that, it would be the point at which we have numerous individuals holding it for utility reason and not for speculation. I likewise question if forbidding of miners from china will have that enormous impact since china isn't the main nation mining bitcoin, those miners also will simply move to other Asian nations to proceed with their gainful mining business.