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The reliability of cryptocurrencies

Experts predict that cryptocurrency will rise in price from $8400 till $60000 or even $250,000. But what we know about the reliability of coins?

In september hash rate of the Bitcoin Network has updated the historical maximum. We know that hash rate shows the processing power of equipment. The higher its level, the more secure the net is. Analysts expect that hash rate rises. So, the Bitcoin Network will become more reliable and inaccessible for hackers.

What do you think is the reason for increasing the Bitcoin Hash rate? Is it possible that buyers in such a difficult market are growing in interest in bitcoin?

Most likely, the hash rate has grown due to the connection of additional capacities to the mining network. I think this will only have a positive effect on the growth of Bitcoin.

It's possible. But the price of bitcoin has fallen slightly, this suggests that at the moment the supply exceeds the demand, despite the increased hash rate.

Yes, it seems. But today is very good, Bitcoin began to grow again. candles are very bullish. I think from these levels we can continue to grow to 9k.

There is no reason to grow.

Are you talking about fundamental reasons for growth? And I'm talking about technical ones. Look at the daily chart of Bitcoin and it will become clear to you that the uptrend is still not broken.

Could youshow that on the picture?

There is nothing to show, I do not have the opportunity right now. Open the daily chart and see. After breaking through 6500, I would consider that the bull market for Bitcoin is over. In the meantime, we can stand back and grow above 10k. I'm talking about Bitmex futures.