Post
Topic
Board Speculation
Re: Bitcoin cycles, this is the cyclical minimum
by
franky1
on 11/12/2022, 16:36:37 UTC
Thought I'd share another chart showing some evidence things may start to turn bullish. This is a 1 day chart



someone showing a chart. where they just draw a line.. is not evidence

you have to use real world metrics to have evidence. not a simple MSpaint doodle line

the cheapest way to acquire coin in any 6 month period is always the cheapest mining cost on the planet

calculate the 6m=2year mining cost. where they have 6m-2year contracts on electric so are mining constantly for that length. meaning averaging out the hashrate chart by that length too to get the average cost of low cost mining.. then plot out the costs per period and then you will see a 'step up' of a "bottom" that sits below the market.

yep use data outside the market. using stats found in real world data and cost. .. not just a silly mspaint line drawn on a chart