#BitcoinHashRateSurge Bitcoin hash rate is through the roof and what does it mean for us?

First of all a high hash rate means lots of people are mining bitcoin and this is a very good thing usually. It means bitcoin is safer and more profitable, miners are investing in new rigs, bitcoin is getting bigger.

The down side is this means bitcoin is using too much energy, 8t is not good for environment and also not good for energy prices.

But we have another thing to watch. Every time bitcoin gathers too much investors who are in Fear Of Missing Out (FOMA) a bubble starts building.

Nobody exactly knows the tipping point but when a buble builds, it collapses eventually. Everybody likes fast pace profits but usually it is the time to lose money because people (and me) leave caution and yry to get what they can.

Another important point for me is binance native token going over 750$. Last time it passed 800 the tipping point came very fast.

Be safe and watch bitcoin closely my friends.