Bitcoin price stagnates before pushing to $40,000 as pro traders pile $2.5m on Bitcoin Minetrix.

Friday, October 27, 2023 – Bitcoin's price rally has stalled before taking the next leg to target $40,000, but meanwhile pro traders raised nearly $2.5 million for Bitcoin Minetrix.

Trading around $34,000, Bitcoin has entered overbought territory from a technical point of view, so a rebound from $35,000 is expected.

In the spread markets, call options pro traders show that they expect the next key test of the cryptocurrency at the $40k level.

If the expected resistance in the $40k range is successfully breached, the floodgates could open, leading to a trip to Bitcoin's all-time high view. As we approach the halving of Bitcoin block rewards in April next year, market participants can expect to see Bitcoin hit new all-time highs.

Bitcoin's breakout opens up opportunities in altcoins as traders begin to look for the best risk-reward prospects in the emerging bull run.

Professional traders and savvy investors alike have been quick to identify Bitcoin Minetrix as a special focus in this regard.

Billions of dollars will flow into crypto during this Bitcoin bull run – Bitcoin Minetrix is ​​a magnet for those funds.

Altcoins that have been able to closely match Bitcoin's growth story have attracted a large share of the billions of dollars in investment flowing into the crypto sector, and Bitcoin Minetrix is ​​among them.

At a price of $0.0112, $BTCMTX has only hours to go in pre-sale stage 3 with the price going to $0.0113 in stage 4.

At the current level, there is only $600,000 left to raise (the target is $3,101,000), which means the token may sell out early. Prospective token buyers should act quickly to avoid disappointment.

Early investors will be able to access the newly purchased tokens immediately by incorporating them into the product. The annual percentage rate (APY) at the time of this writing is 238%. $175 million worth of BTCMTX tokens have been held by presale investors so far.

Why Bitcoin Minetrix Pro is attracting traders to the Bitcoin mining revolution

As in past bull runs, Bitcoin will act as a bellwether for the entire sector and Bitcoin clones will be drawn higher in the rising price slide.

Chief among the clones is Bitcoin Cash (BCH), which is a fork of the Bitcoin blockchain. Its unique selling point is its 32MB block size, compared to Bitcoin's 1MB, which has a theoretically effective size of up to 4MB following protocol changes in 2017.

The large amounts of BCH mean that the network has a very high transaction volume.

Next is Bitcoin SV (BSV), which is a fork of Bitcoin Cash and has a block size of 4GB.

Bitcoin Minetrix takes a very different approach to the value differential in Bitcoin. It's not playing a block-size scaling game. Instead, he chose a more fruitful path to address issues surrounding the dangers of mining centralization and debate how to expand the mining base in terms of hash power control.

Hash power is a measure of computing power used in the proof-of-work mechanism that verifies Bitcoin blocks.

While efforts to improve Bitcoin's scalability are laudable, BCH and BSV are not Bitcoin, and their high transaction volume has not made them suitable for the purchase of goods and services. They look like solutions looking for a problem, assuming that no one can use BCH or BSV to trade in the real economy.

In contrast, Bitcoin Minetrix is ​​solving real problems in a way that benefits individual investors and Bitcoin as a whole.

Bitcoin Minetrix protects against possible network centralization.

Bitcoin mining is essential to the existence of the Bitcoin network. And it's Bitcoin Minetrix that's gearing up to make mining open to everyone, making it a valuable and attractive proposition for serious investors looking for killer use cases. As a result of the team's efforts, Bitcoin Minetrix provides the overall security and decentralization of the Bitcoin network.

Mining today is not something done on a laptop using a graphics card as it was in the early days of the Bitcoin protocol.

As the size of the network grows, so does the problem of verifying the work. As the total hash power changes, the protocol has a difficulty mechanism that adjusts how much computational work is required to solve the proof of work. For example, as the amount of hash power on the network increases, the level of difficulty increases. In this way, the speed at which the blocks are produced is held together every 10 minutes.

Mining has become the dominant market for corporate entities that have plowed hundreds of millions of dollars into mining machines. In addition, mining pools are created so that individuals and entities can cooperatively share rewards. Foundry USA, Antpool and F2Pool are the three largest pools.

Then there are publicly traded mining companies like Marathon, Riot and Hat8 to bring into the equation.

While mining pools that ‘collect' mining and corporations that tap into the capital markets to support their operations are key aspects of how the Bitcoin network maintains itself, there is always the ever-present risk of centralization.

Centralization, if allowed to take hold, could see the Bitcoin network end up with the majority of block production controlled by a single entity, compromising the security of the entire protocol.

A hidden problem is the need to collect expensive computing power (hash power), and the Bitcoin Minetrix token may make cloud mining centralization less of a problem than ever.

Bitcoin Minetrix highlights the good about cloud mining and deals with the bad.

Bitcoin cloud mining is an attractive proposition because it allows users to rent computing power for as long as needed, without having to invest capital and buy mining rigs.

However, there are problems with cloud mining. Unfortunately, it has a bad reputation for poor customer service, unexpected fees, stability issues, complex and difficult to understand terms, and worst of all, outright scams.

The team at Bitcoin Minetrix is ​​well aware of these issues and sets out to address and overcome them. The solution they encountered was hiding in plain sight: tokenization.

By inventing a stock discovery system that runs on the Ethereum blockchain, Bitcoin Minetrix mitigates the risk of fraud and provides efficiency, customer control and peace of mind.

The platform ensures a guaranteed and transparent claim on the mining revenue stream.

In short, then, Bitcoin Minetrix makes it safe and easy for ordinary people with no technical knowledge to engage in Bitcoin mining, allowing them to reap the benefits.

There is no need to worry about scammers and contracts as everything is handled on-chain through smart contracts. No money changes hands.

Why Bitcoin Minetrix is ​​a 100x return on investment opportunity

It is not the end of the story when it comes to return on investment. Holders of $BTCMTX will also, as mentioned, benefit from the Bitcoin bull run. Bitcoin lifts all boats, or at least the prices of those coins – like Bitcoin Minetrix – are most closely tied to it.

There are literally hundreds of Bitcoin clones out there, but the ones that succeed will bring real value to the party, which is why Bitcoin Minetrix has already brought in $2.5 million from savvy investors.

There are many shades of Bitcoin clones, from the meme coin HPOS10I (BITCOIN) to the ‘version 2' coin Bitcoin 2.0 (BTC2.0).

Keeping itself away from these frivolous endeavors, Bitcoin Minetrix is ​​for adults. Still, the two aforementioned coins have seen gains of 100x or more in their short life cycles despite their overall lack of liquidity.

If ‘bitcoin meme coins' can pull multi-million pound valuations out of thin air, imagine what a robust project like Bitcoin Minetrix could achieve. No wonder professional traders and sophisticated investors have slapped a buy rating on the coin.

Bitcoin Minetrix Paid $2,350,000 – New 10x Potential Crypto Launch Soon?! BTC alternative?

How to buy and share today to start earning $BTCMTX

You can use ETH, USDT, BNB, MATIC or bank card to buy $BTCMTX token. If you plan to buy with ETH, you can start collecting to earn right away.

All you need to do is connect your wallet, decide how much you want to invest, and make sure you have a little bit more to cover transaction fees (about $10-20) if you're using the Ethereum blockchain.

With Bitcoin poised for its biggest bull run to date, the best way to gain exposure is probably to buy into a dual-risk hedge fund like Bitcoin Minetrix.

$BTCMTX may one day challenge the US dollar as one of the world's leading reserve currencies, combining exposure to the value of Bitcoin but also to the mining revenue at the heart of the digital asset.

Buy Bitcoin Minetrix today