The first thing that always comes up as an answer is cheap electricity, but is it that cheap and a good enough reason to do business in a country with an authoritarian regime and hostile attitude towards Bitcoin? The electricity rate in China is certainly lower than in most of the EU, but there seem to be tons of countries with even lower electricity rates, some of which seem like viable options for mining farms (Ukraine, Georgia, Turkey etc.). So why is China still the #1 country for miners if there are other options and if China isn't that great?
Miners in China are no longer just personal miner . This is starting a big company and these companies use high power. and there are also those who assume the atmosphere is hot there / global warming. and also in some eceonomic statement their assume their print their own money without limit. thats why the government started investigating illegal company there. |
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I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.
The fact that I can’t buy this dip just makes me extremely uncomfortable.
I think that's reasonable because you will definitely have the assumption that your buying point is the best. If I have left this habit, now I feel more comfortable if the price really drops deeper and I just waiting to start buy it. if it's only a few % difference, I'd better wait. than only risking my asset for small percentage. |
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Quote - “Historians will write that China had a majority of hashrate within their geographic borders, yet they made decisions that pushed that hashrate into more democratic and capitalistic societies. Just as North Korea chose to embrace the internet only for the elites, China is making a similar mistake here. As if that wasn’t bad enough, China’s plan for a nation state digital currency is similar to North Korea’s internal “internet.” As we have discussed over and over again, open systems beat closed systems. The Chinese approach of banning an open monetary network in pursuit of a tightly controlled monetary system is unlikely to be seen as an advantageous strategic move for their citizens. But just like North Korea, this decision will be helpful in continuing to consolidate power and ensure the longevity of the dictatorship.” - Anthony Pompliano
China are saving their country for people using their resource power for their own benefit, and people on internet said china does not support bitcoin. right know people there are using it into the limit . and many new company are created especially for mining only . this why their government are taking care this more seriously. I really hope that bitcoin will not get any impact from news such like this anymore. |
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when is the good timing to invest? Free feel to express your idea on top of this. Let's to the moons together!  Do some research before buy anything if you to hold it for a long time. for shiba inu i search some news about it and what i got it vitalik ( eth dev ) he donates half total supply of shiba coin he had for india covid 19. hoping they will not dump that coin in market. |
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I'm wondering how do I make money with NFTs? Some guidance would be greatly appreciated. Thanks in advance. Not really fans of NFT but i do search some info about it . and most of them are about digital art like painting, gif , etc . and im also trying to use their platform and most of those NFT project required high fee just for listing your own art . i think the concept is almost like payment . |
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Hello Guys! What do you think that etherum is best pick of 2021 or BNB is best for 2021?? Give your opinion I think that etherum is best choice of 2021.
Both are my favorite coin actually i love any coin that are having their own platform or chain for benefitting other people or company. such ADA, Polkadot . EOS . currently I prefer coin2 which can have an impact on other projects or other coin. |
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As the title says I'm curious what's the real reason for the decline?
There are some altcoins that aren't down as badly as popular coins like ETH and BTC.
So what's your point of view regarding this decline?
There is viral on twitter china ban crypto and government start investigating high source using for personal and company mining. I think there is one of the major reasons why the price of crypto has fallen drastically in the last few weeks. |
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As each day passes without the 30K being broken, the sellers grow increasingly frustrated.
Bitcoin is becoming more popular every day.
Right now I think it's a critical moment in bitcoin, there's been a lot of bad news lately about crypto and bitcoin, but for those who already believe in bitcoin, I don't think this is a problem anymore because bitcoin is should be independent and not depend any counry regulation or anything. |
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Bitcoin is having a hard time recently due to China's regulation. I wonder what China can gain in cracking down bitcoin trade and mining? Does't the government figure out that cryptocurrency is lucrative and alomst unstoppable? Banning mining is really an insane act as I see it, they are actually expelling money and power!!!
what do you think? leave you comment, thx
i see some legit news on twitter . china government start investigating mining company more and arrest their assets if they are not stopped using high resource power for their own benefit . and government thought they printing money from it . |
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Now it's raining but good times are ahead. If you look at the whole picture BTC is doing great and I'm sure we will see BTC at $100k and beyond. But for now you need diamond hands, HODL! The weak hands will be lost along the road. Being rich is not for everybody  Remember, 1 BTC is still 1 BTC! For long term investment hold bitcoin is a good investment. but nowadays people also like short trading. if I myself now keep daily trading but if I am required to hold long term I can do it. the key remains consistent even in a loss condition. |
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I do remember that google did impose bans on crypto advertisement. Facebook followed the same thing too few days later. But didn't they lift the ban after a year or so? I am almost sure I have seen crypto advertisements on google ad sense. And what if the company is outside the US? They can't register with FinCEN. How are they going to advertise then? But yeah. Good move by google. It looks like more companies are starting to recognize crypto industry as a legit industry.
I as a blogger and google adsense user know that crypto is included in the Your Money Your Life category. and not qualified to enter in ads from google adsense. YMYL is like anything related to finance google adsense really be careful with ads like this. only limited company in financial thing will able ads with them. |
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I'm new to this whole thing and recently I've realised that too many projects are volatile and not trustworthy.
Any suggestions for tokens that are more trustable and worth holding for 6 months and more? I will do my own research of course.
There is plenty of innovation in crypto such as ICO , POS . Farming . NFT or staking coin.just choose something you are interested in. and do your research before put your money in any investment. These types of investments are very risky. i still stick to daily trading. |
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NFT hype is over, what do you think will be the next hype to prepare for?
Not really interested in NFT after knowing just for register some items in most platform the fee are incredibly high. and most of it are only artwork on the internet . might be NFT in some other digital item except art could be hype again . such music, content. |
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We are going to show BTC death cross in few days, so it's a bearish signal for BTC market. If you show the previous BTC detath cross then you have got a beautiful idea. I am expecting BTC starting down trend,
What do you think about it? What is your view point?
Well thats fact what is happening in the crypto market now. price correction in bitcoin always like that .but seems like buying support at 30k still strong almost a month now. otherwise this time its keep buying more while had decent discount. |
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Agree with 3 point your mention on thread, just summarize in my thought real bank is responsible of their customer account and if something worst in bank happen like hacked etc it would be big loss for them. and also every country had regulation for bank and most of those regulation are not match with crypto characteristic. its not that easy to just make a bank like creating an exchange.
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it is VOLATILITY mate that what we called that , the constant change from the valye and it can even go high in a matter of time and can down lowest in a matter of time also.
Very true but for some people this is an opportunity for them. no doubt people nowadays are more attracted to bitcoin because its price fluctuates very high. Personally I think it's much better than other big risk investments. because for long term bitcoin is very worth it. |
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Hello everyone so first thing I believe in crypto and it is one of the best thing and de-fi is a revolutionary idea and I really love it. So everyone including me thought Bitcoin should be used as currency but after a period of time I realised something and I am just sharing with y’all to know if you all agree with me or not.
See I am just sharing my thoughts and want your opinion on this that do you agree with me or not.[/b]
I agree with you . bitcoin today is more like a very valuable asset in the future. this does not mean bitcoin will fail in the future. it will make bitcoin an expensive investment asset compared to others. lets assume 1 million each coin I think is very possible. when reach that price fee tx will going more crazy and no way people using it as payment. this just my assumption. no one know what new tech in future to cover all fee. |
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