Next Halving will send it.
All these miners suppressing price with high time preference selling will be short lived and we have the time has never been sweeter to stack. 🤙🏻
https://cryptoslate.com/bitfarms-sold-90-of-its-mined-bitcoin-in-may/
Discussion
Facts!
Poor bastards gotta compete in hash and it’s blowing their wad.
Better for the everyday Pleb.
Decentralized is the way!
Backwards move on their end
This is easily cheapest BTC has ever been in relation to the strength of the network and the products being built on it. Couple that with the amount of education resources available, it’s like stealing.
Businesses always spend most of their money on operating expenses. Average profit margins are around 10%, so it is expected that miners will have to use most of their BTC for operations. If you don't want miners to sell BTC to pay their bills, figure out a way to provide services to them and take payment in BTC.
I absolutely do want them to sell.