Hello All,
Quite new to the crypto game and just wanted your thoughts on this, I'm considering buying bitcoin when the price hits its low aftet the recent news from China.
My question is how low do people think it will drop too? How confident are people that it will recover?
Looking at what happened in Sep-17 it went low but then rapidly increased do you think this will happen again.
https://qz.com/1174091/china-wants-an-orderly-exit-from-bitcoin-mining/China is preparing to liquidate on its territory the mining of bitcoin, since it spends too much electricity on it
An interdepartmental working group has already been set up, which ordered the regional authorities to facilitate the cessation of mining, according to the profile edition of the Coin Telegraph.