Replies to post #83169 on Santo Mining Corp (SANP)

[llilith]

How can this be anything but gloomy for Crypto in general. HODL or sell?

[Reluctant Observer]

Then you don’t get it.
:)

That is anything BUT gloomy.


In fact I bought more.

Or maybe you don’t understand the implications?

[SteveWin]

@rbtree "gloomy" - China Crypto Crackdown means several things:

1) with 80% of current mining operations in China being told to shut down, there will be a temporary tightening of crypto supply because less new coin will be mined. Tightening supply usually raises market price - Bitcoin should rise substantially.

Eventually, the equipment now in China will be relocated out of there. Some hardware will be sold off, some Chinese owners will pack up their hardware and set up in New locations. Leading to ...

2) the ONLY reason SANP has a pulse this month, is BECAUSE a Chinese mining operator saw the crackdown coming, and found an overseas partner in SANP. The China Crackdown provides an OPPORTUNITY for U.S. entrepreneurs to fill the void China is creating.

Bottom line, it's gloomy news for mining operators IN CHINA, it's AMAZING NEWS for anyone in crypto outside China.