Have to say miners means crap when miners start getting shut down the difficulty and cost goes down to
TJ_Crypto_NL
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@powellpace gold was digged for years under the mine price, miners sold their equiptments.
and after everybody was squeezed to death the gold price went up
AlphonsoElliottJr.
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All the way to $2500 per Bitcoin.
dinc
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@AlphonsoElliottJr., 2500 is too low. 5k is buttom or near.
AlphonsoElliottJr.
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@dinc, 5k is not the bottom... Actually $1100 is the actual Bitcoin average before it went the moon at 19k. That would be a bottom. 5k is a retail traders bottom not a bank bottom or big money bottom.
dinc
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@AlphonsoElliottJr., check BTC hashrate dude
AlphonsoElliottJr.
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@dinc, I will check but right now I am just going off pure candlestick analysis. This bear market is not over. This bitcoin is going to lose a lot of market cap really soon. If Facebook can lose 120 Billion dollars in one day. So can Bitcoin.
NFL561
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@AlphonsoElliottJr., mining cost for one BTC is around 6k so even 5k would be a push. Good try though
AlphonsoElliottJr.
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@powellpace, And if Bitcoin mining shuts down...lol then what happens. Timber!!
NFL561
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@AlphonsoElliottJr., again... not how it works. BTC miners will prop the price up to prevent this. True bottom is 5k