In the fight between cryptocurrencies and COVID-19, digital assets seem to have the upper hand so far. However, one field where cryptocurrencies have been beaten is their mining process. China, which has about 50 per cent of the mining power, has started selling its mining equipment to the other countries. The country was able to do so much mining because of the cheap electricity. Since the prices of Bitcoin and other cryptocurrencies have fallen very sharply, people are now leaving the blockchain network. Besides this, regulatory authorities are also discouraging the mining process now because the mining rigs could act as a host for the virus.

Quote from: pelana vreo on September 04, 2022, 11:31:41 AM

I think you can see this post https://www.altcoinstalks.com/index.php?topic=31706.0

If you don't have enough knowledge to read and watch these video tutorials, it will be 100% difficult to understand that from the

link you provided. OP should probably learn the basics of trading in cryptocurrency first. Then it is right that experience is a good

weapon for us to learn quickly the dos and don'ts of an individual trader in this industry.

As Bitcoin price faced a notable jump in the early trading hours that increased the price by approximately 6.5%. The BTC price successfully trades beyond $16,500 after reaching the monthly lows below $15,500 in the previous days. We can say that the market participants may be a bit relieved with a minimal amount of accumulated buying volume, the revival of the bearish may be shortly validated.

Many the times, the long-term holders constantly accumulate the tokens without liquidating them at any point without concerning about the market trends. As per Coinpedia, the number of long-term holders has rising after the markets underwent a bull run in the year 2021. In addition to this their holdings stayed unspent and untouched and therefore called dormant.

As per the latest update, such dormant addresses have been spreading out their BTC reserves continuously stating a huge bearish event is approaching rapidly. As mentioned in Coinpedia Article, the on-chain data provider called CryptoQuant, the spent Output Afe bands from the 7 to 10 long years have peaked. Which means, the monger-term holders who held BTC for more than 7 years have been selling their holdings massively.

The latest price sell-off and the uncertain market trends could have forced the long-term holders to liquidate their holdings. Closer to 10,000 BTC has been sold which are anticipated to flood into the market any time from now. Therefore, building a fresh wave of bearish pressure that may push the BTC price towards new lows.

   

Yeah, we will see long bearish.
As you said crypto winter will extended, it will continue until 2024.
We will see the bullish at the end of 2024.
that's my prediction.

Metaverse project developers can do that, call it sandbox, the team doesn't need to create Sandbox coins, they just need to add Bitcoin, for programmers it can be done, we can use NFT and Metaverse with Bitcoin payments, for now there is none who developed the Bitcoin network for the Metaverse.