/biz/ - Business & Finance

Is NEO about to dump into oblivion or should I hold until $13-14?

>>16122356
https://bitinfocharts.com/comparison/hashrate-btc-bsv.html

>>16033881
Oh a brainlet , look brainlet , miners are the monetary base of crypto since their cost FORCE them to sell they cause the base price of cryptos.

1_All the miners have a reduction of 50% of their income in bitcoin.
2_Their electric costs remain the same.
3_They now earn 100% less
4_They refuse to sell at this price because they know everyone else doing mining is under the same situation.
5_Price starts to go up due to lack of supply in the market.
6_Eventually price does 50% increase and miners could be in the green again.
7_Speculation starts at what will the top price be.
8_Miners still refuse to sell because it could go up even higher.
9_Miners having different electric costs all have different breakeven price.
10_Price keeps going up as news spawn all over the world.
11_A bubble starts to form
12_Some miners start to sell to pay electricity
13_Bubble becomes insanely big
14_All miners start to sell.
15_Fees become massive
16_Bubble explodes
17_Price collapses 83%.
18_The new bottom where everyone tells bitcoin is dead is literally so big that years before it would have been considered insanely high and that it would never happen.
19_Bitcoin starts to grow again in the next halving.