BTC.TOP CEO Jiang Zhuoer discusses the Bitcoin Cash Halving Live

Jiang Zhuoer, CEO of BTC.TOP, is a renowned major miner in China. He personally owns over 100K miners, which makes him one of the largest individual miners in the world. In the Chinese crypto community, Jiang is well known as a Bitcoin educator in addition to his miner identity. He has been very actively promoting Bitcoin and publishing articles. His article — — “What is Bitcoin”, published on Zhihu (one of the largest knowledges sharing platforms in China) has attracted millions of views.

Question 1:

Bitcoin Cash is halving today, and the halving of BTC will occur in 35 days. We have noticed that the BCH price fluctuates a lot today. Many people believe that the BCH price would go up because the total supply is decreased as a result of the halving. On the other hand, there are people who have the totally opposite view. These people think that the bullish signal has been consumed before the halving. Thus the BCH price would go down after the event. What’s your opinion on this ?

Question 2:

Last year, the Litecoin price skyrocketed before the halving and then dropped back. Do you think the same thing would happen to the Bitcoin Cash?

LTC price before and after the halving (source: coinmarketcap.com)

Question 3:

We know that Bitcoin was invented after the 2008 global financial crisis. This year we are facing the Coronavirus pandemic, and the price of the global stock market and other assets collapsed. Do you think the current situation will accelerate Bitcoin development?

Question 4:

Thousands of cryptos are existing in the market. What are the advantages of Bitcoin Cash compared to BTC and other cryptos?

Question 5:

In the financial crisis, people are more conservative with investment. Purchase of the crypto seems to be too risky for many people. Do you have any good investment advice to give?

  1. S19 is the best miner at the moment, and you don’t need to turn off the miners when other miners shut down in a bear market. The hash rate would drop when fewer miners are working. S19 can continue mining and continue replacing the cost of the miners.
  2. With the slumping market, the marked price for S19 is low. Its price is even lower than the S17 . In short, the price of a new model is cheaper than the old one. If you purchase S19 for mining now, it will not take a long time for you to bring your miners’ cost down to a low level that is even lower than the production cost of Bitmain. At that point, you will be absolutely safe in the market.
  3. In summary, you can buy S19 if you think buying crypto is too risky. Mining cryptos with lower cost and you keep cryptos. It is a very safe strategy. You are not likely to lose money value measured in US dollars, and can stock up cryptos at a low cost.
  4. Nowadays, mining has become a very specialized field. If you want to be a miner but have no idea where to start, you are welcome to join B.TOP. Be our mining partners and we do joint mining. For details, visit our website B.TOP.

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