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Author Topic: Good news  (Read 892 times)
Xembin
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August 25, 2020, 12:15:27 PM
 #81

Good news to those who invest in bitcoin,the hash rate hit high time of 130EH/S this week and break through 12k.

Those who buy earlier will absolutely experience profit in their investment by now, and a lesson to those who predicted base on bitcoin mining hash rate change after the price move.
roadrunnerjaiv2025
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August 25, 2020, 01:37:50 PM
 #82

you can't predict price or make investment decisions based on bitcoin mining hashrate at all because hashrate changes after the price moved and since it has been rising for a while now breaking $10k first then $11k and now $12k consequently the hashrate had to follow that too.

it is neither good news nor bad, it is how things have been forever. not to mention that there are a large number of other reasons that are affecting hashrate for example a couple of countries that have very low electricity cost have entered the mining scene with huge mining farms over the past couple of months.

Quote
It might be the cause of wrapped BTC tokens being popular
some shittoken that is abusing bitcoin name is not even known let alone be popular!!!

Clarifications/corrections like this are very helpful to newbies like me. Thanks!!! Wink
Malam90
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August 25, 2020, 01:51:52 PM
 #83

Prediction of Bitcoin price isn't asways right. Last few days, price is on down trend and Hash rate is also decreasing slightly. The network is secured but price is not secured at any moment. But i believe this year is the best time for Bitcoin price than past two years. I hope it will hit $15k within this year and Hash rate will also increase.
Beyerd17
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August 26, 2020, 11:58:46 AM
 #84

Prediction of Bitcoin price isn't asways right. Last few days, price is on down trend and Hash rate is also decreasing slightly. The network is secured but price is not secured at any moment. But i believe this year is the best time for Bitcoin price than past two years. I hope it will hit $15k within this year and Hash rate will also increase.

I predicted it could drop from 12K, and I was right. It already had a huge rally from below 4K to where it stands now in about just 6 months. There are a lot of investors with massive gains that are likely to safeguard some or all of their profits in the recent halfyear runup.
Emitdama
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August 27, 2020, 04:04:37 PM
 #85

Yeah, it’s a good news that the hash rate is increasing. But that aside, people that wants to invest in Bitcoin has been doing that before now and they believed in it till now and that’s what led to where we are now. Hash rate is very important, just as the op pointed out hash rate increases security and that means that Bitcoin history can not be altered.

Apart from that another very important thing that matters in making Bitcoin more secure is the hash rate distribution which I do some people talk about, no need to talk about that now, it’s a whole topic on its own I guess.
imran101
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August 27, 2020, 04:50:00 PM
 #86

First of all, thank you for giving us such an important piece of information. I believe this update will help the crypto industry move forward. This update will be able to help a lot to move the crypto market forward. This is great news for those of us who have been working in the crypto industry for a long time. Thank you again for providing us with this important information. We hope you will agree to benefit us by providing such important information in the future.
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