For quite sometime now I have been secretly praying and hoping that Bitcoin doesnt rush with this upward trend.
I do not think the miners will be able to keep supporting bitcoin mining if the price goes below 6000$.
Hopefully my prayers seem to have been answered as I can see an organic in bitcoin value to 7000$ for a while. Do you think this is an organic rise in bitcoin value and is it likely to remain within the ranges of 7000$ without dropping? Share your emotions and opinions guys!
Miners are hedging their bets with futures. That way they can stay liquid and pay their bets in prolonged bear markets and conditions we are having now with the profitability. Ofcourse that isnt true for the small miners, they cant endure this conditions, and will have to go bust