Coinmonks
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Coinmonks

The Bitcoin DEATH SPIRAL Theory: How Bitcoin (BTC) Can Go To ZERO

Cover Photo by “ kummod “, on Pixabay (modified)

During bullish cycles, prices of cryptocurrencies rise abruptly, while profitability in mining operations of PoW networks flourishes as miners expand their operations and increase hashrate. New mining farms appear, and new ASIC models are sold out immediately.

Things are not always rosy in the Cryptoverse, though.

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