Replying to Avatar WasBuddhaMaybe

Spelling aside, πŸ˜‚πŸ˜‚πŸ˜‚, miners are net sellers. The halving reduces sell pressure combined with ever growing network use, ever growing numbers of Bitcoiners and ever growing hash rate. πŸš€πŸš€πŸš€

Also, as long as #Bitcoin is being traded for worthless pieces of paper, it’s being disrespected. Enjoy it while it lasts. We are incredibly fortunate to be here, at this point in time, and being allowed to earn worthless dollars and still trade them for priceless #Bitcoin. 🀝🫑 nostr:note158wzdsdl3024g0sg2u0xgmngnp9g08ffekygcge4y7ghy3kh7grsqak65j

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mattaroo 2y ago

Miners are net sellers as long as the price doubles and fees are strong, otherwise they will go out of business. Where I live , if BTC isn’t 60k, I loose money paying the power bill (I have extremely high power rates in my area, .34 per kWh) So I don’t home mine with my ASICS, they are based somewhere else at .06 per kWh.

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nobody 2y ago

πŸ€”βœ…πŸ«‘

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