Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
The matter what so anyone who is planning to invest or buy BTC at the rate of $10k is wasting how or her and before that will come again, it will be 5 to 6 years time. So the person has to be patiently waiting for that year to come.
Anything that makes Bitcoin fall to $10KWould be the downfall of Bitcoin
The cost of mining Bitcoin is higher than $15K
It would continue to rise in subsequent years
Anything that makes Bitcoin to fall to $15K means
Miners has chosen to cut losses and sell
Which would not be Good news for Bitcoin
Mining difficulty adapts to different conditions. If it is less profitable to mine, some miners will turn off the equipment, the difficulty will decrease, and mining will become more profitable. Satoshi Nakamoto thought about this beforehand and it is one of the things that makes bitcoin unique and so attractive.
