I am sure you Bitcoin fanatics have heard about the Bitcoin threshold and a very important one. Yes, Bitcoin has passed the threshold.
So what does this now mean. It is currently too expensive to mine new bitcoins.
This in turn implies that Bitcoin mining companies are beginning to discontinue their operations.
Trickledown effect? People who hold Bitcoin including other cryptos now and going forward have a product that is of great value (unexpectedly).
Why is that...
What if tomorrow, all the gold mine companies in the world stopped operating abruptly?
What would happen to the price of gold bars, coins and jewelry?
And if you guessed correctly, it would all hit the roof. But that would never happen with gold.
For cryptos, this just happened and might do so in the next coming months. No new Bitcoin being created... Now what?
Should you continue mining?
Sell all? Or HODL?
Solution 👉 penny cryptocurrencies, for the next Bitcoin. You be the best judge...
Talk soon for more updates
@postnshalom ☺
Disclaimer: Do your own due diligence about Bitcoin and cryptocurrency. The post is only for your information
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