thedude

What happens to BTC when Hashrate > Miner's Revenue / Market Cap

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
204 views
6
Can anyone venture a guess as to why this big downtrend started at the exact moment hash rate surpassed miners revenue / market cap if scaled separately on the left/right Y axis?

Comments

Really insightful !
Reply
That is interesting. I remember the price was due for an increase around the beginning of July, which it has consistently done in the past. But for some reason it didn't. Maybe because the demand wasn't high enough for a further price increase?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out