[...]
Agreed, even when someone leaves the market it doesn't turn to be void. The same gets filled by the other waiting to grab the position. We were able to experience this with the ban of mining that happened with China. By the time the miners moved their mining hardwares and most of them were run on Iran. At some point the Iran government made a ban and by the time once again the mining got affected for a while and began to take its position.
Agreed, even when someone leaves the market it doesn't turn to be void. The same gets filled by the other waiting to grab the position. We were able to experience this with the ban of mining that happened with China. By the time the miners moved their mining hardwares and most of them were run on Iran. At some point the Iran government made a ban and by the time once again the mining got affected for a while and began to take its position.
That is what it is all about. And that is also why Bitcoin is so resistant. It doesn't matter whether one state decides to ban it. Bitcoin will keep existing and evolving no matter whether one state bans it. China has learnt it the hard way. I remember when they first banned it and the trading volume for Bitcoin actually went up in China!
And agreed with n0ne: It's a game of cat and mouse. Regulations vs technology, bans vs counties that support crypto.
And in the meantime Bitcoin is becoming more mainstream, the technology is becoming more secure, stable and advanced.