Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OutOfMemory
on 12/03/2020, 21:33:13 UTC
⭐ Merited by LFC_Bitcoin (1) ,BobLawblaw (1) ,JayJuanGee (1)
Miners are going to be fucked!

Isn’t break even on production at about $7,000 on average?

depends on the country. Miners should have some reserved BTC to get over it for some time.
It even might look to some of us that todays dump was the result of a big miner liquidating reserve btc (for whatever reason).
I read a tweet today, that many sold bitcoin from today came from wallets that were untouched since 9-10 years.

EDIT: I thought a split second about CSW and the "tulip trust", but then i had to laugh about my own stupidity  Grin Cheesy