back to 30k as I type, but I agree, I think a correction of some type is about to happen, maybe sub 40k is possible before one last leg down and then a few months of side ways between 20k to 30k seems very reasonable at least based on previous cycles, no new ATH for at least a year from now.
I agree that this is the most likely scenario. According to the
HODL price model (just because it was correct so far doesn't mean it is a crystal ball), we've already crossed the lower boundary. We could stay below that yellow line for a few months, but not for 1-2 years. My prediction is just a little higher than yours. I think we'll have a ~$30k crab market for the rest of the year.
Too complicated for me to understand, U.S style of capitalism shit is just so complicated, so much money is created out of thin air, inflates everything around it, and a few people get to convert that shit into real-world assets, creating massive inflation,then sell the top to the med class and poor people, reck the market, buy cheap, rinse and repeat.
Eventually, those large crops might get to the point where they have to declare bankruptcy, while they might still function as per your explanation, good luck finding anyone to invest their money with large mining crops.
Great job summing it up accurately in just 1 sentence. It's not even 'capitalism' anymore. The U.S. economy should be called 'cronyism' or 'corporatism'. I have nothing more to say than that.
It doesn't matter to us smaller miners whether Marathon stock goes down 70% or Whitstone declares bankruptcy. The only thing that matters is the price of ASICs and network difficulty. The corporate equipment will keep mining and network difficulty won't go down by much unless BTC goes < $10k for months. Then maybe they'll admit defeat and file for Chapter 7 bankruptcy, which is what happens when you or I go bankrupt.