Quote from: nutildah on March 09, 2025, 11:38:08 PM

The price isn't "low". BTC is up 18% over the last year,

when majority consider $75k to be low.. but people in 2021 thought $70k was super high.. we need to take a breath and realise. yes this cycle $75K is low, and thats how it should be, we have alot of bitcoin economics that back up that the price supports a non-zero bottom way way above last cycles low of $15k(post halving).

looking at international costs of bitcoin mining from efficient to inefficient regions of the planet. the number is no longer $15k efficient but above $70k efficiency now. so supporting a good "bottom" above $70k
the inefficient is no longer a $75k top but a $375k top. so there is alot of potential market speculation room this cycle to test the $70k-$375k range so far this year

so yea bitcoin at $75k is super low. we have moved into a new cycle. gone are the days where $15k was the low
and if the majority are also thinking $75k is super low, good, it means we are all agreeing that no one wants to sell too low and thus protects the new bottom

if you think $108k was the "top" you are not looking high enough into the economics behind bitcoin. $375k is high,
we have yet to actually "test the top" as the ATH is not due until autumn
right now the market sentiment wants to test the bottom and keep the market low to suck up as many sats until its time to test the top. so enjoy