I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half.  Otherwise, I have already made my points regarding the matter.     Semantics, perhaps?

Where Do we wanna go from here?? Someone can fill in that question ? 

... worth noting here, this represents the first doubling of the bottom from $3.2k to $6.4k.
Took ~14 months so setting the cadence for the new bull wave inside the secular mega-bull trend.
Expect a $12.8k interim bottom in ~7months, July 2020?

Also mostly in line with masterluc's amazing call from way back when ...

To be pedantic about it, all of mathematics lay upon lists of unprovable axioms.

You are almost making me feel bad for 'em.... NOT

What is ownership rate?
9% of the population? What are we talking about? US? World?
No source data... looks like bullshit to me.

Edit - Just fucked HM’s OCD

Lol, it is a good show. I first mentioned Bargain Boyz some months ago not knowing about the show, just making a generic nickname in reference to shrewd investors waiting to buy cheap coins at compelling bargain prices.

After making a few memes I googled it to see if some business had the name in hopes they could provide meme material, then I stumbled upon the real Bargain Boyz. Australian billionaires who make youtube videos while they wait to spend their vast fortunes on cheap corn.

I finally found what you were referencing... It took an entire google search for "Bargain Boyz" to find it. Its a great little show    I hope they do more episodes in the future.

Spoiler: the most excitin' barg of all turns out to be a 1987 Rubix Cube which he pays $400 for.

In that case the BTC will either have to be lent by the counterparty or sold by them. I admit I don't know how Bitfinex works.

Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ?  That sounds distinctly dodgy.

This happens too often. However, so far this year, I've been saying one same thing with everyone who talked about bitcoin: "The best performing asset of 2019!"

P.S. It's getting a bit frustrating to see that there has been no strong (at least short-term) fightback by the bulls - I hope this changes in the next few days!

Thanks for TA, but it is not a fractal since nothing here is recurring (so far) vs 2015-2017.
Everything is just random move, albeit i can give you one fundamental that was critical, IMHO, in stopping the bull run in the summer and it starts with F, not a T.

BTW, my end of the year game entry is quite possible since we are still descending.
Disgusted by seemingly pitiful year end.

Most bullish sign today - https://blog.kraken.com/post/3355/kraken-otc-acquires-circle-trade/

Circle got rid of their consumer-facing service just a few short months before the bull run kicked off. Now they've gotten rid of their whale service too.