Post
Topic
Board Economics
Re: Does Pump is Coming
by
Betwrong
on 24/03/2019, 14:05:53 UTC
There is interesting article on http://bitcoingape.com/chinese-miners-to-activate-over-1-million-asics-ahead-of-2020s-halving/

It looks like miners from China what has to suspend his operation are coming back because of 2020 halving
optimistic news if real
I dont think only China can control the value of the market in cryptocurrencies. It is most depend on a users I think. Most users now are not really in crypto today because of its value, but if they see big improvement with crypto for sure it will boost fast again just like what happen year 2017.

Although I agree that neither China nor any other country can control the market, I disagree with the last part of your post. The price of all coins is low today and it's good, not bad, for new adopters. They know that the price is going to be higher in the future and that's why they are joining the game these days. It's out of question whether we are getting new adopters each day currently, the question is how much money they can bring to the market? I can see no logic in waiting for the price increase and start investing at that point, and I'm sure that many of new adopters think the same way.