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❕NEWS The difficulty of mining Bitcoin decreases as BTC falls below $10,000 again!

highspeed

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No a good news at least for now, for the Bitcoin's traders.
After a month of increasing difficulties for Bitcoin mining, the first adjustment in September saw the difficulty drop, although it still remains at the second highest level in the history of the network.
The recent high was reached only in conjunction with the latest adjustment, at the end of August, thanks to a 3.6% rise.
Bitcoin's price has also dropped over the past week from the $ 12,000 it had reached again earlier this month. Keeping the $ 11,000 level for just a couple of days, then fell below it on 3 September, followed by a sharp decline and even a short fall below $ 10,000 two days later!
Now it is trading at $ 9,926. It dropped 3% in one day and 15% in one week!
This is due to the fact that miners have downloaded far more bitcoins than they mined.
 

Josemendez

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No a good news at least for now, for the Bitcoin's traders.
After a month of increasing difficulties for Bitcoin mining, the first adjustment in September saw the difficulty drop, although it still remains at the second highest level in the history of the network.
The recent high was reached only in conjunction with the latest adjustment, at the end of August, thanks to a 3.6% rise.
Bitcoin's price has also dropped over the past week from the $ 12,000 it had reached again earlier this month. Keeping the $ 11,000 level for just a couple of days, then fell below it on 3 September, followed by a sharp decline and even a short fall below $ 10,000 two days later!
Now it is trading at $ 9,926. It dropped 3% in one day and 15% in one week!
This is due to the fact that miners have downloaded far more bitcoins than they mined.
The drop in bitcoin price is getting some investors worried, I wanted to sell when it dropped up to 11k value but was hoping for a rise, now I can't be able to sell again but to keep buying more and more for I believe it will have the bullish run again
 

Niftyicon

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The drop in bitcoin price is getting some investors worried, I wanted to sell when it dropped up to 11k value but was hoping for a rise, now I can't be able to sell again but to keep buying more and more for I believe it will have the bullish run again
I guess we are in the same boat. As soon as it dipped below the $11k mark, I knew that I would have to hold on for a while more. I am hoping that soon it would recover and even exceed the $12k limit.
 

highspeed

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The drop in bitcoin price is getting some investors worried, I wanted to sell when it dropped up to 11k value but was hoping for a rise, now I can't be able to sell again but to keep buying more and more for I believe it will have the bullish run again
Well, currently me about the purchase, I'm still definitely cautious
It still has considerable fluctuations.
Thank you.
 

Josemendez

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Well, currently me about the purchase, I'm still definitely cautious
It still has considerable fluctuations.
Thank you.
Yeah I know this and this is what I am saying, it might even go down to 7000$. The important thing is that we buy when we think that we will make gain from it. Any fall below or at 8000 will really make me buy more.
 

highspeed

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Yeah I know this and this is what I am saying, it might even go down to 7000$. The important thing is that we buy when we think that we will make gain from it. Any fall below or at 8000 will really make me buy more.
Well, I'm not certainly a stock and bank stock shareholder.
But from what I've been told, one easily buys at a low value, in order to resell, at a higher price. But with that, I'm certainly not a trader.
I need to more ti learn on this subject.
Regards.
 

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No a good news at least for now, for the Bitcoin's traders.
After a month of increasing difficulties for Bitcoin mining, the first adjustment in September saw the difficulty drop, although it still remains at the second highest level in the history of the network.
The recent high was reached only in conjunction with the latest adjustment, at the end of August, thanks to a 3.6% rise.
Bitcoin's price has also dropped over the past week from the $ 12,000 it had reached again earlier this month. Keeping the $ 11,000 level for just a couple of days, then fell below it on 3 September, followed by a sharp decline and even a short fall below $ 10,000 two days later!
Now it is trading at $ 9,926. It dropped 3% in one day and 15% in one week!
This is due to the fact that miners have downloaded far more bitcoins than they mined.
That was golden time for miners when bitcoin felt below the baseline of 10k to somewhere 4k when the pandemic just started.
 

Sawat

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Yeah bitcoin felt below 10k when the pandemic just started to somewhere around 4k and when the pandemic slowly started recovering, the price boomed
Yeah I know this and this is what I am saying, it might even go down to 7000$. The important thing is that we buy when we think that we will make gain from it. Any fall below or at 8000 will really make me buy more.
 

Brain

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But now the story is quite different because Bitcoin has reached the land mark of about $36k plus now. It is incredible on such bullish run but hopefully it might even increase more
 

BullyMaguire

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Yeah bitcoin felt below 10k when the pandemic just started to somewhere around 4k and when the pandemic slowly started recovering, the price boomed
If only we knew about what's gonna happen months after. I would have stock up on Bitcoin every money i will recieve will be converted into Bitcoin. Sadly we didn't know.
 

Brain

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If only we knew about what's gonna happen months after. I would have stock up on Bitcoin every money i will recieve will be converted into Bitcoin. Sadly we didn't know.
Lol, it is same here with me. I wish someone had predicted this right and with assurance too. But it isn't late we can start now and hope for a better future with BTC
 

BullyMaguire

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Lol, it is same here with me. I wish someone had predicted this right and with assurance too. But it isn't late we can start now and hope for a better future with BTC
You're right, we just need to give a faith to Bitcoin and other Cryptocurrency like those lucky people who hold and buy without any assurance. That's why im not afraid to invest now.
 

highspeed

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That was golden time for miners when bitcoin felt below the baseline of 10k to somewhere 4k when the pandemic just started.
I see. You are talking about the Bitcoin halving, which took place about a year ago, in March 2020.
Perhaps at the time it was better to buy such cryptocurrency.
 

Brain

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You're right, we just need to give a faith to Bitcoin and other Cryptocurrency like those lucky people who hold and buy without any assurance. That's why im not afraid to invest now.
It's never late to invest in Bitcoin or other crypto currency. The price and value is still on the high side and continue to incresse. Buying and holding for future will be helpful
 
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