Bitcoin continues to experience difficulties. The new week, which started on September 9, seems to be unsuccessful for the market leader - BTC continues to dive.
Many analysts attribute the recent failures of Bitcoin to halving, or a reduction in rewards for miners, which will be held in 2020. In anticipation of halving, the value of coins may decrease, but in the future growth will resume. The community has even created a list of the worst forecasts from reputable media that they published in bear markets.
The list was long and frightening, and among the notes of Wired, Forbes and Bloomberg, enthusiasts even found those that claimed that BTC could drop below $ 100. Of course, none of these predictions came true.
In favor of the theories that Bitcoin can easily survive halving, the growth of one of the fundamental factors, the hash rate, speaks. The hash rate, or the computing power of the network provided by the miners, regularly updated highs in August and September. As of September 9, the bitcoin hashrate set an absolute record of 95 EH / s. While maintaining the dynamics by the end of September it will be 100 EH / s.
In most cases, the BTC cost and hashrate really correlated, and the coin showed growth after the next expansion of capacities.
Subscribe to my blog!
Vote for me!
What do you think about this?
Write in the comments!