Topic: Comeback for the bitcoin - page 6. (Read 860 times)
Bitcoin would balance itself. The balancing agents could be all of price increase, decrease in hashrates as miners leave and bitcoin mining being more centralized. In current situation, only the industry grade mining operators would be able to keep a profit after halving. There are news of mining equipments going with cheaper sells. The disadvantage is the localization of hashing power would risk any unforeseen attack on the blockchain.
It's still difficult for anyone to predict what could happen around the halving. The coming 3 months are going to be decisive for the future of bitcoin. Bitcoin has improved but still not the way the users wanted it to. Whether it would be capable of gaining the interest of miners even after the halving is the larges query people have.
While in the previous weeks and the month of the March the market price of the bitcoin form 8k dollars it immediately falls down into 3.8k dollars and many investors grab the opportunity on this to make more profit in the future because now it is recovering from the market and now many investors and analysis look forward to the price of the bitcoin because in just a single week it has a huge change and it is become stable on the price of 6.7k to 6.8k because of the previous investment there is 23.8 billion dollar increase to the price of the crypto. From the previous week, the price of the bitcoin comes into 7k dollars and that was good news to us, and today there are a lot of people buying a lot of bitcoin instead of selling because we all know it will go up for the upcoming halving but still we cannot make sure the market price movement will continuously increase. As this kind of changes would you rather still invest or buy a lot of bitcoin or sell?.
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Latest Article :
https://www.newsbtc.com/2020/04/05/traders-are-loading-up-on-bitcoin-longs-what-does-this-mean/
Previous Article :
https://www.coindesk.com/the-puell-multiple-is-turning-bullish-on-bitcoin%3famp=1
https://www.cnbc.com/2020/03/20/bitcoin-btc-cryptocurrency-prices-rise-as-stocks-remain-volatile.html
Latest Article :
https://www.newsbtc.com/2020/04/05/traders-are-loading-up-on-bitcoin-longs-what-does-this-mean/
Previous Article :
https://www.coindesk.com/the-puell-multiple-is-turning-bullish-on-bitcoin%3famp=1
https://www.cnbc.com/2020/03/20/bitcoin-btc-cryptocurrency-prices-rise-as-stocks-remain-volatile.html
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