Good news

[fiulpro]

If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday and we did break through 12k!!

Now in simple words hash rate determines how secure the network is , now resistance of 12k has been already broken and people who brought Bitcoins yesterday are already in profit.

We might start a rally towards 15k

Why is hash rate **all time high** so important ?
                _*_
Well due to halving the small miners had to shut down their business and therefore the hash rate dropped , as predicted since they won't be able to pay for the electricity bills with the halved reward , but major companies involved in Mining did overcome this problem and here we are .
             _*_

It might be the cause of wrapped BTC tokens being popular or even due to the increasing prices of gold which is causing Investors to shy away from investing in the market.

There are a lot of reasons why we are going forward , but at the end of the day I do believe 2020 is going to be a good year for Bitcoins , hash rate has been compensated for and the resistance has been broken.

Invest !! HOLD!!!

What do you think ??

______
https://news.bitcoin.com/bitcoins-hashrate-hits-record-high-130-eh-s-as-btc-price-faces-resistance-at-12000/

*_*

[BrewMaster]

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.

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!!!

[DooMAD]

I'd say, in terms of investment advice, basing any decisions to buy solely on hashrate alone isn't logical.  There have been plenty of opportune moments to buy in when the hashrate was comparatively lower, so (from the perspective of a speculator) there's no guarantee of ROI just because the hashrate is currently up.

When looking to invest, always take a measured overview of the asset as a whole.  Don't just cherry-pick the aspects that happen to look good at the time.

[stompix]

If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday.

Daily hashrate fluctuations are irrelevant.
It depends a lot on the 24h interval you chose to analyze, the luck in mining blocks can heavily influence this, for example, bitinfocharts who has a different hourly interval reported 139exa on the 25th:
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
For the same ay bitcoin(com) reported 120.
Also, blockchain.info reported a max peak of 129.

Besides, on the current pace we're experiencing, the predicted difficulty is somewhere around:

Next Difficulty:   between 17629247069481 and 17786089856163

a measly 2% from the 17,345,948,872,516 from July, when the price was at 9k.

Besides, just to see how bad of an indicator the hashrate is, it actually dropped while the price was rising!

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.

Exactly, the increase in hash rate is not a trigger for a new price jump, it was caused by the last one.

[Agios]

When we talk about the hash rate, we are talking about fundamental analysis, about the extent to which we can explore the fundamental situation of blockchain technology, in this case Bitcoin.
So, from the miners' point of view, the higher the ASIC mining specifications, the more likely it is to have a bigger chance than other miners with lower specifications, especially if there are more ASIC mining units.

Impact on the Bitcoin Price
Well, when talking about this the answer is quite difficult. But, let's look a little further back with this assumption: If the hash rate is high, the miners will be more confident about buying Bitcoin in the market. There are also more or less miners, but the ASIC miner specifications are higher than before.

[fiulpro]

If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday.

Daily hashrate fluctuations are irrelevant.
It depends a lot on the 24h interval you chose to analyze, the luck in mining blocks can heavily influence this, for example, bitinfocharts who has a different hourly interval reported 139exa on the 25th:
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
For the same ay bitcoin(com) reported 120.
Also, blockchain.info reported a max peak of 129.

Besides, on the current pace we're experiencing, the predicted difficulty is somewhere around:

Next Difficulty:   between 17629247069481 and 17786089856163

a measly 2% from the 17,345,948,872,516 from July, when the price was at 9k.

Besides, just to see how bad of an indicator the hashrate is, it actually dropped while the price was rising!

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.

Exactly, the increase in hash rate is not a trigger for a new price jump, it was caused by the last one.

Hash rate cannot determine the price of the Bitcoins , but the thing is when during Halving the hash rate declined , some were worried now we have encompassed that factor. Therefore that's a "+" for the community and at the same time we did break through the resistance of 12k!!

Plus there is a reason I wrote MIGHT , which does state that , rally might happen .

_*_

The post was to celebrate how we have had :

- encompassed 12k
- recovered the hash rate

_*_

Please read before actually putting assumptions since there was no where that I did say that hash rate is an indicator of price. Since we are having some good news , I do believe this is a good time for our investments. Wouldn't you agree on that ?

[Kez1817]

Hash rate is a good indicator of the Bitcoin network's health. A high hash rate, when compared to a lower one, is preferable as it effectively means the network is more secure so it is either a good or bad news for everyone. But despite of that , it is not the only factor that we consider on investing in bitcoin. Bitcoins value is not just based on the hash rate indicator and prediction.

[DooMAD]

Please read before actually putting assumptions since there was no where that I did say that hash rate is an indicator of price. Since we are having some good news , I do believe this is a good time for our investments. Wouldn't you agree on that ?

Then arguably you need to choose your wording more carefully.  Your opening lines in the OP appear to imply that now is the time to buy based on the news of the hashrate.  I can easily see how someone could come away with the wrong impression if that's not what you meant to say.

[BrewMaster]

If the hash rate is high, the miners will be more confident about buying Bitcoin in the market.

you are forcing it!
it makes no sense since a miner is already getting paid in bitcoin for the work they do. why would they also buy bitcoin? if they wanted to make a bigger investment they would buy more ASICs and mine more bitcoin.

when during Halving the hash rate declined , some were worried

it was mostly FUD rather than anybody being worried. it happened during last halving too. besides the hashrate drop was not even significant.

Please read before actually putting assumptions since there was no where that I did say that hash rate is an indicator of price.

well when you talk about how this is a good time for investment and then also talk about how this is the time hashrate hit the ATH that seems to be the only logical conclusion.

Since we are having some good news , I do believe this is a good time for our investments. Wouldn't you agree on that ?

definitely. there are all signs of the bull market starting and there is a good momentum which means it is a good time for invetment.
although better time was when price was below $10k and everyone else were crying about it and were waiting for dumps to $1k and stupid things like that

[Viscore]

MIGHT the market will do the rally or it will dump soon, people will still invest Bitcoin no matter what the hash-rate shows, they never think about but just focusing on the price trend.

I do believe it was good news by then seeing that we broke already the $12k resistance. Those who buy earlier will absolutely are be profiting by now. This could might also an encouraging moment for the others to invest as the momentum continues to look positive every other day.

[stompix]

Please read before actually putting assumptions since there was no where that I did say that hash rate is an indicator of price. Since we are having some good news , I do believe this is a good time for our investments. Wouldn't you agree on that ?

Don't give me that crap about reading before posting, you should be the one thinking twice before posting.

If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday and we did break through 12k!!

Your first line was clear, you left no room of doubt, "Now is the time".
The fact that you added might and maybe and probably after it doesn't change the thing that you started your topic with a clear idea in which you related the hash rate to a jump in price, clearly stating, I repeat, "now is the time".
So this comes down to two things, you're either trying to make clickbaitish title or topics to gain attention or you don't double proof your posts, or better than those two don't snap at people pointing out your mistakes.

[dansus021]

i still remember when Hashrate is around 1 ExaHash couple year ago. but in my thought maybe some people want make profit in this early bitcoin boom. and if u remember there's lot of people join mining not just bitcoin when bitcoin boom at 2017. so i agreed with this guy opinion

Hash rate is a good indicator of the Bitcoin network's health. A high hash rate, when compared to a lower one, is preferable as it effectively means the network is more secure so it is either a good or bad news for everyone. But despite of that , it is not the only factor that we consider on investing in bitcoin. Bitcoins value is not just based on the hash rate indicator and prediction.

[mk4]

Emphasis on the word "might" or not, if you think about it, it still ends up being pointless. We could spend all day saying things that might happen but it doesn't change the fact that no one knows what will happen in the end and it will always come down to supply and demand.

With your reasoning, the only sign that we're seeing is that miners seem to be bullish on bitcoin, and that's pretty much it. I don't get how you concluded that bitcoin might rally to 15k just because of the said fact because I don't see much connection at all.

[sunsilk]

The peak that we recently saw was $12,300 and $12,400 in some exchanges. While posting here, it is starting to correct so we're on the sign again that those people who have missed the buying opportunity still have enough time to buy.

Correction is occuring and last seen to $11,935 and it could go a little bit more. If seen to be at the range of $11,500 - $11,800 that could be the support and the price which is considerably good to buy unless you want it way lower.

[VanityWallets2015]

Please read before actually putting assumptions since there was no where that I did say that hash rate is an indicator of price. Since we are having some good news , I do believe this is a good time for our investments. Wouldn't you agree on that ?

Then arguably you need to choose your wording more carefully.  Your opening lines in the OP appear to imply that now is the time to buy based on the news of the hashrate.  I can easily see how someone could come away with the wrong impression if that's not what you meant to say.

I agree that wording should be really carefully chosen, digital communication could lead to a lot of miscommunications.
Investments should be based to a lot of things and hash rate may be of help but there are more considerations to be taken.
Although these changes with the price of Bitcoin is really a good news, especially to those who bought early and are gaining profits now.

[Eugenar]

If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday and we did break through 12k!!

It is quite late. I had thoughts of investing at the $9k point but hesitated which gave me regrets at this moment. Investing right now would still be a good idea especially if we would see a rally now that the resistance is broken. Based on the market price behavior, green marks are dominant but the risk stands with how long will we see this motion.
Investing to alts having a momentum is what I am planning right now because those coins are having quite a consistent upward motion. But I won't advise doing such thing because huge names in thia industry has a higher chance to go along with the bullish trend.

[famososMuertos]

We must not forget the historical moment in which we are, no!, not for the price of $ 12k which we have already exceeded more than +59 times (this data thanks to a table of DdmrDdmr). The moment it happens is what is really important "ehe pandemic" , in this case for me.

If! you have to get excited but sensible, it is the "organic" nature of bitcoin.

You can see this table with the all-time highs for bitcoin, courtesy of @DdmrDdmr
https://docs.google.com/spreadsheets/d/1ukVQfvvopAp9mjAtwnA0DQhPLv6L1AomCitFGQ_NGh8/edit#gid=0

Original source of consultation:

....//....

He creado la siguiente tabla (Number of day BTC is above a certain value):
https://docs.google.com/spreadsheets/d/1ukVQfvvopAp9mjAtwnA0DQhPLv6L1AomCitFGQ_NGh8/edit?usp=sharing

...//...
-   Los 10K en 189 ocasiones (días distintos)
-   Los 11K en 112 ocasiones (días distintos)
-   Los 12K en 59 ocasiones (días distintos)
-   Los 13K en 46 ocasiones (días distintos)
-   Los 14K en 41 ocasiones (días distintos)
-   Los 15K en 30 ocasiones (días distintos)
-   Los 16K en 20 ocasiones (días distintos)
-   Los 17K en 16 ocasiones (días distintos)
-   Los 18K en 6 ocasiones (días distintos)
-   Los 19K en 4 ocasiones (días distintos)
-   Los 20K en 1 ocasión (días distintos)
...//....:

[Casdinyard]

What do you think ??

Nah, I don't think this is the right time to invest on Bitcoin. They might be too late, and the hype was just making it rise hence if soon the market goes down, investors would only wait for more months as they just invested due to the whales. Even a lot of huge personalities in financial and crypto world are giving more hype as they kept on predicting the rise together with the break of Bitcoin's resistance. Therefore, only those who know how to day-trade could make profit with the current whales.

Original source of consultation:

You should've used english instead This isn't local board to quote Ddmr's spanish (i guess) post.

[pixie85]

12 thousand isn't such a big news. We went higher than this in 2019 and quickly corrected below 10 thousand. What makes you think this time it's going to be any different?

If the hashrate and the short term price are the only reasons you choose to invest in Bitcoin you are doing it wrong.

I'll also add that if you didn't buy at 5,6,7,8,9 thousand and are buying now because it's near 12 you are also doing it wrong.

[DdmrDdmr]

<…> You should've used english instead This isn't local board to quote Ddmr's spanish (i guess) post.

That’s got a pretty easy fix in this case: Ever wondered on how many days BTC has been above a certain value?

The data runs up to nearly the end of last month, and I wasn’t really planning on updating the content, but since I was quoted on this thread, might as well drop by with the English version of the "source".