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Learning & News => News related to Crypto => Topic started by: Goodcat49 on April 13, 2019, 12:09:55 PM

Title: Potential Scenarios in China’s Bitcoin Mining Ban
Post by: Goodcat49 on April 13, 2019, 12:09:55 PM

China, the world’s biggest market for computer hardware produced to mine Bitcoin and other major cryptocurrencies, recently banned crypto mining activities, with the aim of combating the increasing pressure on the government from the crypto sector. The move - China’s Bitcoin (BTC) and cryptocurrency mining ban – poses some potential scenarios.

The National Development and Reform Commission (NDRC), China’s planning agency, released a document on April 8, that it is generally mapping out future removal of digital currency mining.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/potential-scenarios-china/?utm_source=forum&utm_medium=referral

(https://coinidol.com/upload/resize_cache/iblock/192/900_900_1/192512d0524a641af6b6818fb115d90d.png)

Title: Re: Potential Scenarios in China’s Bitcoin Mining Ban
Post by: Theroyals on April 13, 2019, 06:46:56 PM

If it happens it will make a bad effect for the bitcoin price in the market. The price will decrease within a moment after the decision to do the tire. But will then return again after a few days later. Because with the decline will be utilized to make purchase at low price.