The popularity of digital currencies is still high, and the prices of Bitcoin and Ethereum have soared. Bitcoin is the most hideous one. Bitcoin is now at a high of 13,000. Many people have predicted that the current price is not the highest price this year. In fact, I agree with this.
Historically, Bitcoin has risen 12 to 15 months after each halving, setting record highs each time. According to the rising trend of Bitcoin after the halving, retail investors may use Bitcoin holding as a strategy to avoid being unable to buy it due to excessively high prices after a strong continuous rise.
At the third Bitcoin halving on May 12, 2020, the price of Bitcoin was $8,800. As of today, the price of Bitcoin is $12,885, an increase of 46%, which is insignificant compared to the previous two increases. The first two huge increases in Bitcoin occurred one year after the halving. According to the law, Bitcoin will usher in a rise in 2021.
In the market, the price of Bitcoin plummets, and the rate of return will naturally decrease; if the price of Bitcoin skyrocketed, the rate of return will also increase.
In terms of mining, Bitcoin has fallen for a long time, and the cost of mining may also increase sharply, or even lose money. If the price of Bitcoin rises and you are too anxious to make a move, you will not make much money.
It must be realized that mining is a long-term investment, not a short-term band gap. As long as you do a good job of hoarding coins, when the bull market comes, you will know the fragrance. Just remember that if miners persist in the halving, there will be one During the harvest period, this is a cycle, and the currency price is inevitable when the price of the currency rises in half a year. This is the cost of replenishing miners in the future. Nowadays, a large number of miners go into the mining industry to hoard coins. After all, the cost of mining bitcoin is the lowest. If you want to know about miners, please come to me.
