But I'm not basing my evaluation on AM financial structure. I'm basing my analysis on what must happen to the AM dividend (which seems to be the justification for the current valuation) as a result of
- increased hardware competition
- shrinking marginal profit due to higher hardware cost and higher electricity cost per % network hashrate
- decreased hardware sales prices reflecting lower % network hashrate per unit
and from your earlier message:
"This is a bubble.
Anyone saying otherwise has ulterior motives (they probably still own a lot of stock).
It's clear as day. Look at the parabolic trajectory. Consider the lack of short selling. Have you guys already forgotten Bitcoin in March?"
Vycid I appreciate hearing your pov, I don't agree it's a bubble top here and now, can you put some numbers on, say 80% fall in a week? That seems to be what you're implying.