Every investment and all trading involves risk, so you should always perform your own research prior to making decisions.
Bitcoin mining has always been a powerful indicator of demand for the first cryptocurrency and was sometimes used as one of the ways to determine market conditions.
In addition to reflecting a demand for a cryptocurrency, hashrate can give traders and investors a hint about the conditions of the market, if it is in accumulation or in distribution.
The bullrun was mostly possibly due to the rapid drop of issuance of BTC, which later on caused a lack of selling pressure on the market.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.