Volatility and strange issues
BTC price keep on dropping every day and it does not seem that world’s first cryptocurrency will manage to grow to 11k for single coin once again. However, people keep on buying mining equipment, which means that there will be even more farms.
It is all about supply and demand. When the blockchain technologies had only started gaining popularity, almost nobody could figure out how to mine and is stopped a lot of people of earning money on it. But BTC price was getting bigger every day, so more and more people was interested in mining and today you can get you own farm for affordable price just in no time at all.
In the same time, the demand for the BTC itself is low and it keeps on dropping, so we could not say that it is going to grow in the next several weeks or even months. When the BTC started – the cryptocurrencies was something special, but now there are many of them and some even had already become the part of everyday life, like the Bitcoin.
Limitation is the key to success
So why had Bitcoin price actually dropped? There are two main reasons. First is the demand, which is now lower due to diversity of cryptos. Some people keep on investing in BTC and hoping that it may “fly to moon” once again but it does not seem to happen.
Another one is the blockchain of the bitcoin. It is very hard to scale and that is why you cannot build a proper application on the top of it, while Ethereum and vast of other blockchains may offer you such conditions.
As for us, the greatest mistake of Bitcoin team is absence of ability to limit the creation of farms in some way. This situation reminds about what happened to PC clubs, which were popular in some countries in late 90’s. Since almost everybody became able to get his own PC, such clubs are no longer needed. Today we can the same about mining facilities.
Nexty is the solution
However, you still have a chance to earn thanks to mining and all you need is to find other platform, which allows you to make it. Sounds great, but it is not as simple as it may seem, because there are too much of new project and it is hard to define which of them is going to success. But there is one great option – Nexty.
Nexty is just fintech blockchain solution that allow its users to pay without any fees and transactions periods. When you are transferring money via bank, you should wait for several banking days and pay about 5% of the amount of the payment as fee. It may be quite expensive, especially if the receiving side need money right now. Nexty users do not face such issues at all.
Moreover, Nexty suits great for miners as well, because the amount of people who have the right to create and use transaction confirmation machines is limited, so if you are interested in Nexty, you should learn more about it right now!
WebSite: https://nexty.io/
ANN Thread: https://bitcointalk.org/index.php?topic=2498919
White Paper: https://nexty.io/nexty-whitepaper.pdf
Medium: https://medium.com/@nextyio
Twitter: https://twitter.com/nextyio
Facebook: https://facebook.com/nextycoin
Telegram: https://t.me/nexty_io
Review author- https://bitcointalk.org/index.php?action=profile;u=250321