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11814095 No.11814095 [Reply] [Original]

Just your Daily Reminder that Bitcoin's mathematical bottom is $6k due to Chinese electricity generation and transmission costs (which are not just the stated charge but includes systemic costs involved in the transfer of wealth to the Network).

The "market price" for BTC may dip below that mathematical floor due to practical limitations in supply/demand curves (thank you very f***ing much, so-called-regulators) that make the price deviate from perfect price discovery.

However, a market can remain irrational only so long, so this is an easy way to scalp 25% right before Christmas. :)

>> No.11814127
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11814127

>>11814095

>> No.11814145

>>11814095
Accumulaters will be dumping in a week, further crashing the price.

>> No.11814207

>>11814095
Nice theory... If you forget about all the millions of BTC that teenagers mined for practically nothing for years. Retard.

>> No.11814283
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11814283

>>11814207
Why the fuck would that matter? That was a tiny thing at the time, they could have mined 10X or 100X and it wouldn't matter. Teens and hobbyists weren't rich enough to drive the price.

China is the biggest raw material economy in the world. Bitcoin is now part of that economy, tied to it even, and that economy drives the price. China has a slowdown but is still growing, so BTC fundamental price will keep going.

Learn some macro, and then we can have a discussion.