JUST IN: 🇺🇸 Elon Musk donates to super political action co | Mehmed Han su Binance Square

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ULTIMA ORA: 🇺🇸 Elon Musk fa una donazione al super comitato d'azione politica che lavora per eleggere Donald Trump come presidente degli Stati Uniti, riporta Bloomberg.

Disclaimer: include opinioni di terze parti. Non è una consulenza finanziaria. Può includere contenuti sponsorizzati. Consulta i T&C.

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🇺🇸 Elon Musk tells Donald Trump he wants to head a government spending efficiency commission.

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Gold's prices are at an all-time high right now. As a rule of thumb, the price of Bitcoin often lags behind gold by a few months. If we can get rid of the fear and get some bullish catalysts, $BTC could make a parabolic move in the next couple of months.

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One BIG misconception I often read related to mining is the belief that the more miners start to mine the higher the emission of a coin will be which is negative for the price (more supply). In reality the emission of a POW coin is fixed. No matter how many people mine the coin. The more miners start mining the higher the competition is and they are competing for a limited number of coins to be mined. Thus the difficulty of mining increases, which is reflected in a rising hashrate. As the hashrate rises miners need to buy stronger mining rigs and put in more effort aka electricity, which results in higher costs to mine. If the cost to mine are rising the profit miners can make decreases with a stable coin price. Thus, at some point, if miner costs continue to rise but the price of the coin doesn’t miners will sell LESS coins as it’s getting more and more unprofitable. This reduced selling pressure leads to higher prices given a constant demand level. A rising price however attracts even more miners which leads to an increase in hashrate and the cycle continues. Obviously this is strongly simplified and in reality more factors come in, such as the one that demand isn’t stable in highly speculative markets. But in a nutshell this is why long term a rising hash rate is rather positive than negative for the price of a coin.

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Being able to trade up only is not the way forward Learn to trade the corrections as well as the impulses. Your missing potentially half of your gains by missing out on the corrections

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Ultime notizie

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The Week in Bitcoin and Crypto: Major Moves, Big Wins, and What’s Coming Next

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