The Salvadoran Congress finally voted to approve the proposed Bitcoin as legal tender, detonating the Bitcoin market. Bitcoin become the legal tender of some countries is a historic moment for Bitcoin. Driven by this good news, the Bitcoin price rose from a low of 31,000 U.S. dollars back to 37,500 U.S. dollars, and is currently maintained at 36,000 U.S. dollars.

In the past 24 hours, 14 of the top 20 cryptocurrencies by market capitalization have risen. Of the top 100 cryptocurrencies by market capitalization, 71 rose. The overall cryptocurrency market is showing an upward trend. Is this a sign of the continued bull market? It remains to be seen for now. However, what we can be sure of is that under the current turbulent currency price, speculation in currency is not a wise choice for most ordinary investors.

There is indeed a great risk when speculating coins. Mining and hoarding coins are relatively less risky. It is worth noting that although the current overall sentiment of the cryptocurrency market is not very optimistic, it is still a high-yield period for miners. For miners, as long as the currency price is above the shutdown currency price, there will be no loss. The lowest currency price that most miners can accept is below 10,000 U.S. dollars. Compared with the previous 50,000 to 60,000 U.S. dollars, the mining revenue has indeed decreased, but the mining revenue is still high.

Of course, the rise in the price of virtual currency is naturally a good thing for miners. Judging from the repeated shocks of the bull market, it also shows that mining is more risk-resistant than speculating coins. There are a lot of people who have become rich in speculation, but there are also many people who have lost money in speculation. In contrast, there are very few miners who lose money in mining. Even in a bear market, there are many miners who insist on mining, because when the bull market comes, the coins hoarded in the bear market can get extremely high returns.

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