The price is at $108K and everyone is just acting like this is normal. How high will we have to go before we start seeing crazy fomo? Is that a thing of the past? It seems like everyone has just accepted that Bitcoin is going very high and they can’t afford one. Unit bias really has been Bitcoin’s biggest enemy for adoption.
real fomo starts when and if you can mine at home and turn profit.
Most runs 2013 2017 2021 it was possible to mine at home and make money.
Look at this sale I am doing
https://www.ebay.com/itm/156984520065I sold 1 piece to a guy with 8 cent power at his home he clears around 75 dollars a month after power bill and it would be paid off in about 2 years.
Fomo would be very strong if a guy with 20 cent power could clear 75 dollars a month on it.
fast math is as follows.
100th at 5.9 cents is 5.9 a day
50kwatts at 8 cents is 4.0 a day about 1.9 a day or 57 a month for an 8 cent guy.
100th at 12 cents a day 12 bucks in earnings
50 kwatts at 20 cents is 10 dollars a day or 2 a day 60 a month.
this means you need close to 200k for full out retail fomo as it would make sense to mine at 20 or less power.
you can get in of BTC for cheap ie buy the miner from me at 1776 or a bit less.
so we are far from real retail fomo 200k or more is the number.
Oh yeah, I still have a couple of aluminum 10 port USB3 hubs and 40 X 300MH/s stick miners that never broke even for me (in bitcoin terms). If I could fire those up and make a profit that would bode well for anyone with a few sats.