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NewsBTC 2019-12-17 10:02:31

Don’t Long Bitcoin Now Says Investor as Miner Capitulation Reaches Day 27

The bitcoin price has fallen by 50 percent since July from $13,900 to sub-$6,900. The steep drop caused mining to be less profitable, causing small miners to sell-off. Bad idea to long dropping bitcoin hashrate During miner capitulation, small miners and mining centers tend to sell-off their holdings to cope with declining market sentiment. Large...The post Don’t Long Bitcoin Now Says Investor as Miner Capitulation Reaches Day 27 appeared first on NewsBTC.

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