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/Its just only a matter of time.Btc mining in China is mainly an opportunistic way of making some money out of the failures and inefficiencies of the power system.