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Why did bitcoin fall

  • Are Crypto mining equipment suppliers affected?.

    The big question is , will you be brave to buy any equipment whose end product value is dropping?. Had it been the price drop also affected the equipment value , it would have been a different case, all cryptocurrency mining equipment manufacturers have stick to their price , no discount or price drop  leaving every investor scared to buy because at this stage no one knows the future though anything can happen but everyone is very cautious.

    In 2017 when the giant crypto machine manufacturer’s Bitmain antminer S9 was most wanted  and saw a drastic fall in sales and price because of the bitcoin dip, we are now in 2022 and experiencing the same situation as bitmain also has latest machines like the Antminer L7 which was widely purchased not forgetting the small bobcat miner which has led many people purchasing because of its low noise and able to be installed in offices and home .All cryptocurrency machines manufactures and suppliers will tell you their sales have dropped below 50%.

    Will bitcoin rise?

    Most experts are speculating and pointing fingers back to what happened in 2017 and that it could be a similar situation  and they believed buying the dip will worth it. This is still risky but buying the dip is a good idea but it is very important to note that crypto is very volatile so make sure you invest what you can afford to loose DO NOT , take loans to invest in cryptocurrency. For me buying the dip is preferable that buying the rise. Please think well before you invest

     
     

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