In 2022 the price will drop back from say 200k to 120k much like 2018 20k to 12k but the hash rate will catch up.
Holy shit. That's a pretty extreme correction expectation philip.
I can appreciate $200k to $20k would be within reasonable extremes.. but I doubt that even $120k (if that were the top) would justify having corrections below $20k..
I think philipma1957 is only talking about 200k to 120k. The same percentage as 20k to 12k in the past.
yeah I am explaining the projected 2022 ratio
to the prior 2018 numbers
and in order for it to be the same as 2017 -2018 we need to spike really hard from now til dec-jan far out stripping the diff.
then have prices slide in 2022 with diff gowing to catch up