Post
Topic
Board Speculation
Merits 6 from 4 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 30/10/2021, 15:37:26 UTC
⭐ Merited by El duderino_ (3) ,hisslyness (1) ,vapourminer (1) ,JayJuanGee (1)
BTC at 1 mill is coming but very likely it will be a while.

I think there is a lot of interest from big players that will effort to pack the price lower.

 So 100k+ is about 50-50 this cycle
 and 300k+ is doubtful in 2021 or 2022 under 10% shot.

A lot depends on gear being sold to mine. I figure asic builders could attempt to flood the market with gear in 2022.  This was done in 2018.

Price went down and diff went up from jan till oct 2018 .  then the market finally reflected over-saturation of gear. the diff and price both slid form oct 2018 to dec 2018.  I started my 4 partner mine in dec 2018.  

I have to think asic gear builders want to do this sell of gear bigly sooner or later. as they may feel 1 or 2  1/2ings  will spell the end of large mining.  Savetherainforest may think 2 cycles are left to heavy BTC mining.

As for me I am not a kid I am 64 and will not continue mining past 70 mostly due to my age as it is work to do it.

With all my kids dead and just me and the wife I would not mind enjoying travel and zero work from 70 on.  We will see what unfolds .

For now stack your sats.

and remember when I do cash coin it is for running the business.

We have a lot of expansion coming maybe 100k watts to { 300kwatts } to 900 kwatts

we grew from 100 to 300 kwatts in 2021