Bitcoin Started Dumping again
Now can we expect $17000 Again?
According to me, it will Dump again $17000 am I right?
Fluctuation always happens in the market, and even though these things happen if you are a long term holder of bitcoin you are not affected by these scenarios.
The only ones affected in these situations are the day traders or scalpers and communities who easily panic leading to the sale of their assets thinking that the fall will continue but the truth is not.
The dumping was due to the US government taxing bitcoin miners by 30%. It's a jump from 10% to 30% if I'm not mistaken. So that is a big jump and it could really hurt their business, after all, they are also in here for making money.
So it just shows US anti-bitcoin for the longest time.
Anyhow, there are still other options, maybe just go to other countries with cheap electricity and more friendly to bitcoin mining activities.