Hello loves,
Here is a repeated pattern that could help us gauge the decoupling event. Based on this markup, it looks like November will be an exciting month.
I believe Bitcoin is fundamentally flawed because it is energy intensive. On average, miners have trouble merely breaking even. In other words, electricity is barely cheap enough to justify mining at Bitcoin's current price. Come the halving on May 11 and we'll see miners struggle to make a profit. Only where electricity is cheap will it be worth mining Bitcoin... unless we see a double in price.
Thanks for reading!
Here is a repeated pattern that could help us gauge the decoupling event. Based on this markup, it looks like November will be an exciting month.
I believe Bitcoin is fundamentally flawed because it is energy intensive. On average, miners have trouble merely breaking even. In other words, electricity is barely cheap enough to justify mining at Bitcoin's current price. Come the halving on May 11 and we'll see miners struggle to make a profit. Only where electricity is cheap will it be worth mining Bitcoin... unless we see a double in price.
Thanks for reading!
Comment:
It looks like the falling channel is well respected!
Comment:
We're on track!
Comment:
Beautiful movement.