Electricity fees are very cheap in China, that's why this country has (until now) 70% of the Bitcoin mining network. But now, the government has decided to simply take out all coins from the country, putting an end to all kind of mining activity by simply raising the fees linked with electricity. The most important consequence is the fact it could be yet another turning point in the Bitcoin price evolution, this time making it surge as there will be less coins in the market. Russia (another country with cheap electricity fees) seems to plan to take 1/3 of that Bitcoin mining network from China.
What is the most important consequence for us ? Bitcoin price may be sinking right now, but trust me it will go up rapidly, probably before the end of January. So if you wanna buy it, buy it now or never. Maybe at a time in the year it will fall down again, but you will have to wait till mining activity gets back on track again, generating more and more Bitcoins. That won't happen overnight, even if Russia takes all the mining network.
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