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Replying to Avatar Quotable Satoshi

The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.

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samuel 1y ago

After four more havings, the price of bitcoin will either be through the roof or only bitaxe miners will be securing the network #BTC #HODL #bitaxe #bitcoinstr

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