Do You Trust Bitcoin?

Most run to buy Cryptocurrency when its value is up, and run away when it is down.

What's happening with Bitcoin?

Is Elon Musk posting memes on Twitter?

After the highest rise in Bitcoin's history, Bitcoin is now worth half the value it was a few months ago. The price falls further and further and keeps leaving millions of wallets in the deep red graph.

"Let's get to the bottom of what's going on and how we can stop all this.

China is all to blame.

Bitcoin had a much higher value in recent months, it had hit a historic high reaching up to $63K in a single Bitcoin. And where does China come into all this?

China moves over 80% of the world's cryptocurrency trade because of mining. The Chinese have the largest cryptocurrency mining farms, meaning there are a lot of people moving Bitcoin per day and the liquidity of the market adds value to Bitcoin. And I'm not just talking about Bitcoin, but all cryptocurrencies in the world. A single country accounts for 80% of the mining of all cryptocurrencies worldwide. From this, the question comes to us: what would happen if mining was disrupted for whatever reason?

"That is exactly what is happening in the country that moves 80% of the mining of all cryptocurrencies worldwide."

The People's Bank of China announced that Bitcoin, Ethereum, and even Dogecoin, can no longer be used as a form of payment throughout China. And the ban was not just for the use of cryptocurrency payments. The warning went out to financial institutions, payment companies that provide services related to cryptocurrency transactions, and investors against speculative crypto trading.

With the announcement of the ban on cryptocurrency transactions in China, mining companies were forced to shut down in southwest China and within hours 10% of the value of the world's most valuable currency was already in decline. The power companies were ordered, (no request was made) were ordered to stop the power supply to any mining companies that exist within China.

That was kind of like a giant asteroid wiping out the dinosaurs. It is an extermination of the mining organizations to implement the digital Yuan with full force.

And what does China get out of all this?

China's idea is to implement the digital Yuan. The Chinese are looking at a way to implement the Yuan, (that which is the national currency), digitally and do away with the whole concept of physical currency. So they could end the mediation between banks, the end of transfer delays, the end of high fees, the end of coins lost on sidewalks, in the pocket, they now want everything virtual. Only unlike any other digital currency, the digital Yuan will be crawlable, a way for China to have control over the currency, which is quite different from the main function of cryptocurrencies, which is to avoid any government interference.

This is where you need to check out Bitcoin. Because Bitcoin is a decentralized currency, no one can know where it goes and where it came from. China wants to make its cryptocurrency centralized. That is what is happening in China.

How can we change this?

Elon Musk in his Twitter announcing that he was canceling the sales of his teslas with cryptocurrency, said that he would turn these sales feature back on when he has a mechanism to use sustainable energy to mine cryptocurrencies.

If it is the lack of sustainable energy that jeopardizes cryptocurrency mining, then let us produce more equipment that allows us to produce sustainable energy so that we can produce more in the digital market.

Which markets might be the right targets for cryptocurrency mining based on sustainable energy?

All countries with a high temperature of 30 degrees upwards are countries to start making sustainable energy investments. If we take solar panels and build large solar power producers in those locations with a single purpose in energy production for mining, we would solve half of the problems with excessive energy consumption. Because China has, the largest dams in the world, having the largest dams in the world, they are having the highest energy production on the planet, so the highest amount of crypto mining there. If we decrease at least in China's 80%, about 40%, we would leave china with 40% and 60& of the mining would be out of China and we would be able to balance the price of cryptocurrencies up to their target price. Because according to Robert Kiyosaki, Bitcoin is on its way to $1 million.

What position should we take at that point? Is it to leave cryptocurrencies? On the contrary, instead of quitting, buy even more. The financial market does not obey the law of physics, everything that goes up goes down and everything that goes down also goes up. So don't wait to buy when it's at $200K, buy now so that when it goes up you have something deep in your wallet.