Replying to Avatar PAGAN WOLF

Since the 2017 ATH in #bitcoin

The return in 2 x just over

Basically 100% gain in 7 years

I’m from Feb 2017 when we bought Bitcoin for around 800-1200 bucks ish

I remember we held a Workout Party for when it ATH at $2000 that March

With adoption 1000s of % higher the price has certainly deminished as the worst part of Bitcoin performance in that time

Whilst HashRate and Adoption Moon

Whilst it’s cool to say cheap #sats

The network is becoming expensive to run in $$ and that is only going higher…. A lack in Bitcoin price is becoming costly to progress

Retail at large are now gone and won’t comeback due to the worries of Bitcoin…. In Australia it’s now $71,000 for 1 #btc

This price point has to move up

Or the network moves down

Can’t support this network much longer when the foundation gets a 50% pay cut in 70 days

Price has become the most important part of #bitcoin

In the eyes of the world now…. Bitcoin cannot sustain another 80% drop…. Adoption will disappear forever

Up Only

Or

Fail

Avatar
Knightstr 1y ago

Hash rate goes down, difficulty goes down, mining becomes more profitable, hash rate goes up.

See: Hash rate upon China banning bitcoin mining.

Your logic is flawed.

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fun.relaxed.happy.satisfied 1y ago

Yes this is right.

Hash rate, price, energy costs.

The invisible hand of the market will balance all variables perfection.

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