The bitcoin market and miner will still in bull until start of 2022

[algcool]

Bitcoin and ASIC mining machines have been popular in the past two years. Why have Bitcoin and mining machines been popular in the past two years? The reasons are as follows:
1. The impact of the epidemic, due to the cause of the epidemic. The vast majority of the real economy has been affected, and in order to save the economy, many global government banks led by the United States are issuing large amounts of currency to save the economy. This will lead to over-issuance of a large number of currencies around the world, and currency depreciation. These over-issued currencies can only go to the stock market, housing market, commodities, and Bitcoin. As for gold, since governments of all countries strictly control gold, it is basically impossible for private individuals to trade gold, so there will not be too many currencies going to gold.

2. Bitcoin halving, basically in the second year after Bitcoin halving, there will be a bull market. 2020 is the day when Bitcoin halves. Generally speaking, the bull market will come in the second year after the halving.

3. The admission of funds from large institutions and large companies. In the past, there were a lot of personal behaviors to mine Bitcoin. Now many fund companies and even the world's top 500 listed companies have come to buy bitcoin or buy mining machines.
As a result, a large amount of funds entered the market, and the price of currency and the price of machines rose substantially. For example, Tesla’s boss has a direct influence on the price of Bitcoin.

4. The global chip shortage has led to insufficient production capacity of graphics cards and Bitcoin mining machines. Antland's BTC mining machine has been sold until October 2022. That is to say, in October 2020, Ants may not have more machines sold. Other manufacturers also delayed their delivery time due to chip shortages.
A, Innosilicon's delivery of A10 Pro 720M in December 2020 has not been completed yet.
B, Avalon's goods for March 2021 have not been fully delivered, and it should be completed in the near future.
C, Ibelink's N1 MAX at the end of March and early April 2021 has not been delivered yet.
D, Bitmain, Whatsminer's delivery dates are somewhat delayed.

[algcool]

In a word, when the epidemic is still exist, the bull will still exist.

[pooya87]

These over-issued currencies can only go to the stock market, housing market, commodities, and Bitcoin.

First of all they minted the new money and it is not yet entered the circulation. It would take time and will cause a big inflation over time.
Secondly if that amount of money had found its way into bitcoin then bitcoin price should have been over a million dollar by now.

2020 is the day when Bitcoin halves.

Bitcoin having was 2 years ago not this year and will happen again in 2 years.

Generally speaking, the bull market will come in the second year after the halving.

The bull market starts after the previous cycle ends which was in 2019ish and we have been in a bull market ever since price broke the $4k resistance, and will probably remain in this bull market until mid 2022.

world's top 500 listed companies have come to buy bitcoin or buy mining machines.

This sounds made up nonetheless buying ASICs is not going to increase bitcoin price!

[sapnu]

In a word, when the epidemic is still exist, the bull will still exist.

The pandemic might have been one of the cause why bitcoin is still on bull run but there are a lot more factors that keeps it on going bull. I think even when the epidemic ends this year, bitcoin will still be able to increase even though the value keeps on corrections every time. It's a good thing that we were able to escape the dump that occured last 2018 and we are now seeing a lot of new ATHs for bitcoin. There's a high probability that up until 2022, bitcoin will still be on a bull run, it might even reach a $100k ATH that time so let us keep our hopes high on bitcoin and keep on investing.

[SquirrelJulietGarden]

The stupid rule to close all the farms in China, really affect a lot.

If I did not miss anything, not all Bitcoin mining in China are crackdown.

The Hash Power migration from China to other nations, the US., Russia, Kazakhstan, etc. are only good for Bitcoin network. Only Chinese government are stupid if they permanently crack down Bitcoin mining there.

If you think like this, the government will lift their crack down and turn the bitcoin mining in the nation back to work in next several months.

https://cbeci.org/mining_map
People wanted to ban the Internet. 

[Aliceooo78]

Bitcoin having was 2 years ago not this year and will happen again in 2 years.

The bull market starts after the previous cycle ends which was in 2019ish and we have been in a bull market ever since price broke the $4k resistance, and will probably remain in this bull market until mid 2022.

Although the market is currently in a relatively sluggish state, everyone has expressed anger at the Chinese government's approach to shutting down the mines.

I agree with you.

Although inflation in the United States is getting worse, Jackson, Tennessee, is considering using Bitcoin to pay property taxes and municipal employee salaries to combat inflation. This is the news I saw today.

I think the market will reverse at the end of this year or early next year.

[Poker Player]

I don't know who I understand the least:

2. Bitcoin halving, basically in the second year after Bitcoin halving, there will be a bull market. 2020 is the day when Bitcoin halves. Generally speaking, the bull market will come in the second year after the halving.

You mean that the bull market has historically occurred in the year after halving, or in the second year of the cycle. Check how you use the verb tenses.

Bitcoin having was 2 years ago not this year and will happen again in 2 years.

To be more precise, the Bitcoin halving was 1 year and two months (and a bit) ago. The next one is approximately two years and 8 months away.

The bull market starts after the previous cycle ends which was in 2019ish and we have been in a bull market ever since price broke the $4k resistance, and will probably remain in this bull market until mid 2022.

I don't know what concept of cycle you will handle, I guess one related to trading charts or something similar. It was my understanding that a bitcoin cycle goes from halving to halving, because of the effect of halving the bitcoin supply. So the cycle we are in goes from 11 May 2020 to around 14 May 2024.