Read on Twitter
This will be the most brutal Bitcoin Halving in history.
Production cost is about to double to $14,000.
70% above the current price.
Last halving, price was just 10% below Production cost, and Price & HR collapsed -20%.
Without FOMO now, expect a big miner capitulation. 30%+
Production cost is about to double to $14,000.
70% above the current price.
Last halving, price was just 10% below Production cost, and Price & HR collapsed -20%.
Without FOMO now, expect a big miner capitulation. 30%+
Of all the comments, this is perhaps the best cause for positivism.
Oil prices are down ~50% yoy. Unsure how much of that benefit has rolled into global ave. electrical costs yet.
Look forward to the next @CoinSharesCo report mid-year for some insight. https://twitter.com/Cryptotechgr/status/1259816949950881792">https://twitter.com/Cryptotec...
Oil prices are down ~50% yoy. Unsure how much of that benefit has rolled into global ave. electrical costs yet.
Look forward to the next @CoinSharesCo report mid-year for some insight. https://twitter.com/Cryptotechgr/status/1259816949950881792">https://twitter.com/Cryptotec...
Today marks the 2nd miner capitulation of 2020, and 3rd in the last 9 months.
As tweeted, 2020 was expected to be a brutal halving.
Since the halving just 13 days ago, weekly Hash Rate is already down -26%.
As tweeted, 2020 was expected to be a brutal halving.
Since the halving just 13 days ago, weekly Hash Rate is already down -26%.
This capitulation is almost identical to the 2012 and 2016 halving capitulations (all within 21 days of the halving).
This is a massive bull flag.
The biggest drop ever since these occurrences:
-2012: 1.8%
-2016: 13.8%
The rallies from the Hash Ribbon Buy were almost vertical.
This is a massive bull flag.
The biggest drop ever since these occurrences:
-2012: 1.8%
-2016: 13.8%
The rallies from the Hash Ribbon Buy were almost vertical.
