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How is banning mining of a scarce recourse causing the price to drop?

Bitcoin Reddit

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Seriously, why are weak handed fools selling based on this news?

If the middle east banned oil drilling , the price of oil wouldnt drop. It would rise.

and before someone chimes in with "BuT wE nEeD tO uSe Oil, We DoNt NeEd To UsE cRyPtO!"....

Same with gold, (or diamonds, or whatever) if they banned gold mining, gold value would skyrocket.

submitted by /u/skydiveguy
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