Bitcoin price increases, mining market ‘hot’ again | AllFixs
Encrypting your link and protect the link from viruses, malware, thief, etc! Made your link safe to visit. Just Wait...
In the virtual money market, Bitcoin miners in Vietnam are more active after the virtual currency surpassed 11,000 USD.
Bitcoin crossed the $ 8,000 mark, investors hoping to break even / largest Bitcoin exchange in the world hacked over $ 40 million
"Green has returned to the crypto market stably, so I re-run more than 100 of my miners", said Pham Minh Duc, owner of a virtual money mining factory in Dong Anh, Hanoi. "More than a month ago, I only dared to operate moderately because the market was unstable at that time, after deducting costs, I only had enough electricity to mine."
Bitcoin's price has increased sharply over the past few days, sometimes reaching $ 11,400, according to coinmarketcap. This is also the highest level since February 2018, when the virtual currency continued to depreciate and even down to $ 3,300. "It is important that Bitcoin has surpassed the threshold of $ 10,000, making investors more confident," said Le The Thanh, who specializes in buying and selling electronic currencies.
Bitcoin prices increased sharply, and other currencies also went up. Ethereum, the virtual currency by market capitalization just after Bitcoin, has increased in price by half in the past month, to $ 330. Ethereum is also a virtual currency mined by many people in Vietnam. "If keeping the current price, each miner will earn about 1.2 million dongs a month, after deducting electricity bill," said Mr. Duc.
The return of mining operations has also brought about an exciting market for equipment trading. “A month ago, I planned to sell a few miners to get money for other jobs that the miners were not interested in, paid very low. When Bitcoin increased, I received dozens of phone calls asking to buy because the old sale is still there, ”said Nguyen Van Quyen in Trung Van, Hanoi. "The current machine price ranges from 10 million to 15 million, depending on the card line and speed, increased by a half compared to before."
Meanwhile, the computer shops and technical staff in the field are also busier. After a long period of “covering up”, excavators often need to be cleaned, dusted and reconfigured before operating. Large workshops with hundreds of machines or “casual” investors who do not have time or experience often hire workers to handle these tasks. "Almost all areas related to virtual money have become exciting", commented Mr. Quyen.
Despite a sharp increase, the Bitcoin price is still far from the peak of nearly $ 20,000 set at the end of 2017. Meanwhile, Ethereum and some other strong virtual currencies have to increase their price 3-5 times to equal the previous level. "The price goes up, but the road to the shore of many people is still far," Quoc Binh, an investor with more than 5 years of experience, joked about people who jumped into this market when Bitcoin was in a fever phase.
According to Mr. Binh, surely a lot of people buy Bitcoin at $ 12,000-15,000 because this is the driving force behind the price of this currency to rise. Similarly, Ethereum will have buyers at 400-700 USD, even 1,200 USD, so it is far from the breakeven point. Meanwhile, the market is warming up to attract a new investment wave full of risks but many people still want to jump in.
“When Bitcoin came down, people called it‘ bubble ’, saying its value was going to zero and nobody bought it. But only a few months after the price increases, these people tend to jump in again because they don't want to miss the opportunity to make money, ”said Mr. Binh. “Perhaps it is the large volatility of cryptocurrencies that makes people willing to invest with the expectation that the amount will increase several times later. But obviously, money does not make more money and it only moves from person to person, the number of winners will certainly be very small.
0 Response to "Bitcoin price increases, mining market ‘hot’ again | AllFixs"
Post a Comment