interesting article...reckon that the more mining moves away from China, the better and more antifragile Bitcoin becomes. Not surprised too, Chinese FUD often come in waves; every other bear/bullish cycle. Depths of 2019, before 2020 rally. Sep 2017 before the rally of Q4 2017..
I like that you've emphasized that nothing has fundamentally changed with Bitcoin (and cryptos in general). As you've mentioned, China's stance on cryptocurrency has been in the news for a long time and, if I'm not mistaken, they started banning cryptocurrency trading back in 2017. China's latest attempts to further hinder cryptocurrency should not be a surprise as its par for the course. FUD has always been a part of the crypto world, and I believe this to be a normal dip for the ever-volatile cryptocurrency market. I wish I had more money to load up on some strong cryptocurrencies!
I would like to say that I am late to commenting on this but... alas... I am not. We are still on a crazy rollercoaster that has a ton of twists and turns and ups and downs and the ENTIRE crypto world gets to go on the ride. It's lame that the entirety of crypto is tied to Bitcoins price, but it is what it is. In the end, the price doesn't really matter, its the utility, the innovation, and the betterment of society through said innovation. At least I keep telling myself that ;)
interesting article...reckon that the more mining moves away from China, the better and more antifragile Bitcoin becomes. Not surprised too, Chinese FUD often come in waves; every other bear/bullish cycle. Depths of 2019, before 2020 rally. Sep 2017 before the rally of Q4 2017..
Great post to keep up to date on the current situation! Thank you Sylvain
Bitcoin whales will not let Bitcoin stay down at these levels for too long.
I would be really surprised if Bitcoin doesn't hit over $42K before the end of the month.
It makes more sense than ever to continue accumulating Bitcoin.
Now there are big investment companies and big players in the market.
Even for a possible bear market, the bottom will not be fearfully deep.
bitcoin will have more buyers than usual
I like that you've emphasized that nothing has fundamentally changed with Bitcoin (and cryptos in general). As you've mentioned, China's stance on cryptocurrency has been in the news for a long time and, if I'm not mistaken, they started banning cryptocurrency trading back in 2017. China's latest attempts to further hinder cryptocurrency should not be a surprise as its par for the course. FUD has always been a part of the crypto world, and I believe this to be a normal dip for the ever-volatile cryptocurrency market. I wish I had more money to load up on some strong cryptocurrencies!
I would like to say that I am late to commenting on this but... alas... I am not. We are still on a crazy rollercoaster that has a ton of twists and turns and ups and downs and the ENTIRE crypto world gets to go on the ride. It's lame that the entirety of crypto is tied to Bitcoins price, but it is what it is. In the end, the price doesn't really matter, its the utility, the innovation, and the betterment of society through said innovation. At least I keep telling myself that ;)
This kind of dip is necessary for the next target to be hit, nothing can go straight up and sustain.
That should be the strategy always, accumulate more BTC. We´re still in an early stage.
Thanks for the info !