The Real Test Of Bitcoin | Bitcoin Halving, Mining and Network

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While mining bitcoin these last few months, many of these mining firms have instead of selling the Bitcoin, take a loan with Bitcoin as collateral. They intended to sell at a profit after the bitcoin halving. However the current price drop has lead to them lose or 'most likely' lose their bitcoin at a much bigger loss. And we hope this is not the case with most mining firms. 


The one thing you can do, and if it feasible for you, do some Bitcoin mining. It will should help our network. It's not going to be profitable at the moment but if a lot of us do this it might help in case there are big issues. Again the possibility of things getting worse are bleak but the reason we analyse situations is to be aware and be prepared. 


The REAL test of Bitcoin is now, if the bitcoin hashrate still remains as strong and the price fluctuation keeps most mining operations working even for a month post halving Bitcoin then we have gone through the tough part and it's safe to say that the bitcoin network is of IMMENSE value and been through the test of time. This test will be the best proof Bitcoin's value and strength for decades to come and a reason to strengthen your belief in the value, technology, network and everything else with it. 


References: 
https://hut8mining.com/hut-8-responds... 
https://simplywall.st/stocks/ca/softw... 
https://cryptoslate.com/bitcoin-hashr... 
https://twitter.com/btc_jacksparrow/s... 


#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano


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NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

COMMENT

9

Judas Bridge
15 Mar

I just pray that all coin price increase  fast. But before that, this is an opportunity to buy as much as possible

22

preview not available Osato Jegede
15 Mar

Bitcoin have scales through many huddles, the post Bitcoin halving can only be profitable to anyone who owns some pieces if the if the mainstream adoption increases in a higher rate 

21

Hope Ochei
15 Mar

Well said Osato, an increas in adoption May likely cause an upshoot in value.

19

Imo Clement Ekuma
15 Mar

i still belive btc is going down for a while.

21

Hope Ochei
15 Mar

Only time will tell.

20

Jae Subramoney
16 Mar

Contrarian opinion. Interesting. Why do you say this??

12

Whyte_ Hemmy
16 Mar

No better understanding than this,  thanks man

11

Obiajulu Obioha
15 Mar

It's a welcome idea. But to some of us the mining equipments are really expensive especially with my country's currency devaluing by the minute. 

21

Samuel Olaitan
15 Mar

As someone that want to invest in bitcoin now, this is the best time to do that now. Bitcoin is low and will definitely spike up. Try to read and understand the rudimentary foundation to Crypto before doing anything crypto related.

14

Viet My
16 Mar

You are right, everything must be learned and experienced to succeed in investing in cryptocurrencies.

17

Abiodun Pemisire
15 Mar

Since Bitcoin is going down now,why is the alt coin going down too?

14

Hugo Boss
15 Mar

Is bit coin not the mother of all coin?

17

Abiodun Pemisire
15 Mar

Some alt coin are built to tackle Bitcoin in the crypto market. And some people are talking about adoption of altcoin ahead of Bitcoin. So since is their mother,why is it that most project want to rival Bitcoin?

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