Crypto Market CRASH and Bitcoin Mining

Bitcoin Mining with Swiss Gold Global/Genesis:
The cryptocurrency market has recently dipped a LOT. I believe this is for a number of reasons. The south Korean government have been spreading FUD (fear, uncertainty and doubt) about cryptocurrencies. Suggesting they were going to ban exchanges. They then seemingly reversed this decision making it clear there’s market manipulation in play so they can capitalize themselves on lower priced cryptocurrencies such as bitcoin.

This FUD has had a snow ball effect since there has been a massive amount of new money coming into bitcoin over the last few months from new investors who are then seeing this decrease in price, turning to the media who are also spreading FUD for their own gain in terms of traffic to their web sites (and readers to their publications). These new and uneducated investors are selling their bitcoin at a loss to “cut their losses” and essentially contributing towards the downward trend the entire cryptocurrency market is currently seeing. These are my own thoughts and opinions.

On the other hand, bitcoin mining progress with Swiss Gold Global has been solid, reaching 50 TeraHash/s in which the bulk of these contracts will begin March 15th (although some of my contracts are paying NOW).

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