Here are some predictions as to what will happen to the crypto business and mining in the near future.
Does it mean that it is profitable to invest in bitcoin now?
Most crypto experts agree that it is quite profitable to invest now, because at the current price of the bitcoin exchange rate, with its current network complexity, and with its payback, you can get a very favorable offer for equipment. Since the price of equipment has also dropped in proportion to the exchange rate of the main currency.
Is it worth buying bitcoin right now or should we wait?
Many professional traders and miners who use KuCoin trading bot to earn bitcoin they’re using mining. Consequently, they have a regular supply of bitcoin as an asset, namely from mining. And now is the most favorable time for investors, since the exchange rate has fallen significantly, and you can now make good money on this, and in the long term, you can grow many times.
How does this affect the income of miners?
It should be remembered that the income of miners directly depends on the exchange rate of the main currency — bitcoin. It also depends on the complexity of the network, in particular on the connection and availability of more powerful devices in the shared system and pools in the blockchain. Consequently, the more mining devices are connected in the general global network, the higher the complexity and the lower the income of these participants.
Recently, the network has been actively discussing the forecast from Robert Kiyosaki that bitcoin is waiting for a drop to $16k.
In reality, this can happen, and there is no denying it. If we proceed from the charts that we have from now until the appearance of bitcoin in 2009, then we can see the points of view of halving bitcoin. If we proceed from the charts from the point of view of halving bitcoin-the process of dividing production by half, which occurs once every 4 years, then drawdowns cannot be avoided, it may be worth expecting a drawdown of up to $ 22 to $. Naturally, then there will be a very serious rise and we will see a new breaking of the record value for 1 cue ball. Experts say that the increase will be over 100K dollars for one currency.
Do we expect bitcoin to grow to past record levels and how can this happen?
It makes sense to expect an increase in the exchange rate and a return to past record values in the next two years. In any case, it will be breaking this record. Moreover, it is expected to break through the $100k bar for bitcoin. This will happen due to the fact that humanity is actively moving towards global digitalization, therefore, all processes are digitized, and our life is digitized. And the digital currency here, as a tool of the new financial system, is the key. Consequently, the demand for it will grow and the course itself, too.
Forecasts and recommendations for buyers and investors
Now is a pleasant time to invest in cryptocurrency mining. Professionals and experts recommend entering the market precisely at such drawdowns, precisely at the moments of the fall, when the market leaves, becoming “bearish”. You should buy bitcoin at the bottom with calculations for a good payback. To date, the payback period is approximately 15 months, that is, when bitcoin returns to the previous value, you will get a two-fold advantage over those who entered it at peak values.