Recently some positive news and frequent promotions from some platforms make me think if the bull market is on the way.
The water period in southwest of China starts from March and believe hundreds thousands of machines will be re-opened to join the mining, meanwhile the mining difficulty will definitely rise sharply.
Besides, many cloud mining platforms are moving these days: bitdeer, hashnest, genesis mining, cryptouniverse, bitdeer is the most active one, giving away gifts, coupons, even starting other crypto mining except bitcoin.
I'm not sure if it's a real bull, but seems we need to decide which is better for us : hold cryptos or put them in mining again. Is it a repeat situation of 2015??
It is more safe to invest now that the bull run is about to commence instead of waiting for the time that it is in full force. Many investors and speculators are saying positive things about the market and we are to see cryptocurrencies at the accumulated cycle of the market and buying now is the most important thing to do. The Chinese miners coming back to cryptocurrencies minining will make mining very difficult and in turn affects the market.
I dont even know whether to fear the Chinese miners, but I know unequivocally that if we take into account the period of 2016 and 2017, when the Chinese market was the most active, the cryptocurrency market was really very promising with good performance compared with the current period. So the question is quite ambiguous regarding the Chinese influence on the cryptocurrency market today.