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RE: Cryptocurrency Mining not likely to be included in Chinese Exchange Trading Ban
Banning exchanges and allow minning, wouldn't that make the price of bitcoin go up by default?
Banning exchanges and allow minning, wouldn't that make the price of bitcoin go up by default?
Why do you think so? People need a gateway for exchange and trading.
Because if they are allowed to mine and they can't exchange the coins, it's just Bitcoins staying out of the market in the rest of the world,the supply gets shorter, even if only temporarily, wouldn't that make the coins be worth more elsewhere?