The selling price of bitcoin is declining.
The value of the Bitcoin cryptography is now increasingly sagging. Even according to research institute JPMorgan Chase & Co, the value of the Bitcoin currency is now lower than the cost to mine it. There are so many bitcoin mining companies that have started to stop their activities, some of them intentionally close it so as not to lose and some of them close their companies due to bankruptcy due to the decline in the price of bitcoin in the market today.
According to analysts at JPMorgan, to mine one Bitcoin, the costs that investors have to spend are around 4,060 US dollars or around Rp. 57 million. This figure is the result of research in the fourth quarter of last year. While the selling price of one Bitcoin is currently only around less than 3,500 US dollars (around Rp. 48 million). In other words, the cost of mining one Bitcoin is greater than the selling price of Bitcoin.
Nevertheless, not all investors have to spend more to buy one Bitcoin. In China, investors can get one Bitcoin at a cheaper price of around 2,400 US dollars. You can use the drop in bitcoin prices if you have a few assets to trade bitcoin in the market that you can use to trade your bitcoin so you can reap the benefits of the bitcoin trading.
Some bitcoin investors also take advantage of this golden opportunity so they can reap the benefits of bitcoin. If you have funds, don't just leave your money, please buy this bitcoin asset, so that in the future you can get multiple profits from the results of this bitcoin trading. Because in the future the price of bitcoin is predicted to continue to soar.
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