Tech Update for Bitcoin
Hash rate :https://www.blockchain.com/charts/hash-rate
Difficulty :https://www.blockchain.com/charts/difficulty
Total Transaction Fees :https://www.blockchain.com/charts/transaction-fees
Total Transaction Fees in USD :https://www.blockchain.com/charts/transaction-fees-usd
When someone tells you that BTC is dead, please show them these charts and prove them wrong! Mining hash rate and difficulty at the all time high meaning that we never had so much miners as we have now. More miners we have, more decentralized network we have! Isn't that a main goal of Bitcoin and every cryptocurrency? Of course it is!
Check the fees! Almost at the all time low! Isn't that our goal to have decentralized system that allows you to send millions with a cost of few cents, without 3rd part?
Share with you friends and let them know the truth! Do not let media to trick them by some ETF or any other news! ETF will happen in week or 6 months but does it matter when ETF is going to happen?
If you are an investor, probably you wont be able to buy BTC at much better price! From that point, it is the same if you buy at 5, 6 or 7k because you aim for long-term ROI! You do not care about short-term price fluctuation!
If you are trader, it is something else and you need to educate yourself but if you are investor, better opportunity for investing into BTC or altcoins probably wont happen!
Most of crypto community is ranging between traders and investors mentality and that's where is your biggest problem!
When trade goes wrong, you are becoming investor and you are holding in hope to see reversal. In some cases you end up in profit because reversal happens but in some situation you end up in enormous loss. On the other side, when price goes in your direction, you are becoming trader and closing trade too early scared of losing that profit!
You should use totally different strategy! When price goes against you, cut the losses when they are small! When price goes with you, let it run by putting protective stop losses and booking profit step by step on your initial target points!
#LongLiveBTC #Decentralization!
Hash rate :https://www.blockchain.com/charts/hash-rate
Difficulty :https://www.blockchain.com/charts/difficulty
Total Transaction Fees :https://www.blockchain.com/charts/transaction-fees
Total Transaction Fees in USD :https://www.blockchain.com/charts/transaction-fees-usd
When someone tells you that BTC is dead, please show them these charts and prove them wrong! Mining hash rate and difficulty at the all time high meaning that we never had so much miners as we have now. More miners we have, more decentralized network we have! Isn't that a main goal of Bitcoin and every cryptocurrency? Of course it is!
Check the fees! Almost at the all time low! Isn't that our goal to have decentralized system that allows you to send millions with a cost of few cents, without 3rd part?
Share with you friends and let them know the truth! Do not let media to trick them by some ETF or any other news! ETF will happen in week or 6 months but does it matter when ETF is going to happen?
If you are an investor, probably you wont be able to buy BTC at much better price! From that point, it is the same if you buy at 5, 6 or 7k because you aim for long-term ROI! You do not care about short-term price fluctuation!
If you are trader, it is something else and you need to educate yourself but if you are investor, better opportunity for investing into BTC or altcoins probably wont happen!
Most of crypto community is ranging between traders and investors mentality and that's where is your biggest problem!
When trade goes wrong, you are becoming investor and you are holding in hope to see reversal. In some cases you end up in profit because reversal happens but in some situation you end up in enormous loss. On the other side, when price goes in your direction, you are becoming trader and closing trade too early scared of losing that profit!
You should use totally different strategy! When price goes against you, cut the losses when they are small! When price goes with you, let it run by putting protective stop losses and booking profit step by step on your initial target points!
#LongLiveBTC #Decentralization!
Blockchain
Blockchain.com | Charts - Total Hash Rate (TH/s)
The most trusted source for data on the bitcoin blockchain.