Just one possible chart among a large number of unknowns.
It would be nice, though.
What's the trigger for such move?
Brexit?
BTW, why btc looks so shitty on US exchanges vs binance? There is more than $150 price difference.
today will be
the darkest hour is that before the dawn.. !!!!BTC HODL!!!
we all know what will happen next..
@ceterispar1bus
Canadian Miner Hut8 disclosed a cost to mine of $4.3K in their Q3 financials. However, this only includes operating costs and leaves out depreciation, expenses, and net finance expenses. Including these gives a cost to mine of ~ $7.1K.
Short-term if the price goes under $7.1k they will keep mining as this is still > operational costs & mining equipment is a sunk cost. But long-term you can’t imply that they are profitable <$5k. They will need to replace equipment, continue paying employees, financing costs, etc
https://twitter.com/ceterispar1bus/status/1199300282997334017Bitcoin is a financial virus that will consume the value of all civilization.
The only cure would be for humans to completely stop acting like humans and that isn't going to happen. Bitcoin will win because it is one of the most brilliant mathematical creations in the history of humanity, the ultimate application for those cool little prime numbers we discovered so many millenia ago.
All you can do now is understand that bitcoin isn't going away, and any time is a good time to invest in bitcoin. So don't worry about future crashes in the thousands, and tens of thousands of dollars. Bitcoin is the best form of money humanity has ever created and it's not going anywhere.
americanpegasus
https://www.reddit.com/r/Bitcoin/comments/32jiap/an_open_letter_to_april_14th_2018/(2015, April 14th)
1. Finding a local bottom. Should be at 1300-3000 range.
2. As it dropped fast - as it should bounce fast to retest lost $6000 level and log trend at around 10000-20000. 2019-2020 AD.
3. Then it should fall back to ~6000 support. This should happen up to 2020 AD.
4. Go to new highs. Beyond 2020 year.https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/
