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Out of all the Twitter influencers I’ve founds Cheds to be the most straight up ( No doubt plays his own book too but not to the same degree as most of them) in my view, He seems to be looking around the 25k range pre bounce, He’s been pretty much bang on the past 6 months or so - So wouldn’t be at all surprised if we visit that number for how long again not a clue,
Haha I’m not one for bigging up bitcoins price far to many larger cleverer entities playing games - Will go up when they want and vice Versa. As for DK yep said entities have destroyed him think I’ve just seen Luna at $25 !! And now it looks like he’s being backed to the tune of another billion - Mental.
Yes it’s a concern that profits will be eaten into the lower Btc goes but on the flip side the lower energy costs and the more efficient Intel chips (Proof in the pudding) will help offset that you would hope, Again with my positive head on If that comes to pass they should pretty much rank in the top 3 for mining costs if it does not it will be a case of keeping there heads above water until the sentiment turns - Id imagine that would delay anymore expansion at Helios - I’m not one for Btc predictions but I’d be surprised if it heads much lower for a sustained period of time then again wtfdik when it comes to Btc predictions :)
HarChris
I tend to agree but if numbers suddenly double wouldn’t that tend to offset what needs to be sold and what can then be added to the kitty during the bear cycle - Looking at the last few months it tends to suggest around 150/180 needing to be sold (I don’t know if they are also selling some for future expansion) but if they suddenly start mining 300-350 the excess then is Hodl
Think I’ll be holding a heavy bag in Riot for the foreseeable! No idea but it ain’t stopping dropping - See the smoke signals stateside that Mara maybe up for selling some of the miners that they’ve not managed to get online - Not sure on its truth but stocktwits posters seem to be spreading it - Do you know if Thiel has Said something along those lines as can’t find anything online ?
Jeez a bottom must be found shortly just having a look around and cant beleive how much everything has fallen - If youve got the stomach theres some bargains on offer thats for sure ! most edging towards -10% on the day
Bitfarms under $3
Hut under $4
Hive under $1.50
Riot heading under $10
Mara heading under $15
Let’s hope so Duke, I’m guessing we will find out soon enough if building the infrastructure out was the right way to go I believe it probably was but the proofs in the pudding as they say - Great work to get it built and energised in the timeframe.
I see you’re at work today AB, I’ve forgotten what’s it like to work for somebody else,
Maybe you should have stayed on and then you may have been able to afford a holiday home in a sunnier climate than Norwich ;-)