[Cosmopolis] Prepare for Bitcoin $266 Retest

[IamComrade]

All hail cosmofly, I've been waiting for your next prediction. Thank you for sharing you have never been wrong.

I have buy orders at $430 and lower in a chain

[1714032075]

1714032075

[1714032075]

1714032075

[dropt]

and now you have miner companies with ubermines dumping as fast as they can chip more coin off the blockchain

selling theyr bitcoins whilst falling Prices .
Does not Sound reasonable

I'm pretty sure they don't give a shit.

[dropt]

$266 is too low maybe
if it happen, many miners won't get profit from their mining

What do you mean?  How much do you figure it costs the miners to produce a coin?

[GigaCoin]

$266 is too low maybe
if it happen, many miners won't get profit from their mining

What do you mean?  How much do you figure it costs the miners to produce a coin?

a lot of miners get their energy for free or at subsidized rates so costs can be low, most of them already covered their asic investment costs selling into the recent bubble. I know someone who runs a small-sized asic farm who gets his energy at very low rates. It really depends on how much rent and energy you pay to keep your asics running.

i wouldn't be surprised if miners are dumping bitcoins even at current rates

[cosmofly]

Good time to buy some BTC's!

But ... Hell know is it going down some more or is it going to stop!

266$ would be a way to low.

$266 is April ATH

[dragonseer]

$266 is too low maybe
if it happen, many miners won't get profit from their mining

What do you mean?  How much do you figure it costs the miners to produce a coin?

a lot of miners get their energy for free or at subsidized rates so costs can be low, most of them already covered their asic investment costs selling into the recent bubble. I know someone who runs a small-sized asic farm who gets his energy at very low rates. It really depends on how much rent and energy you pay to keep your asics running.

i wouldn't be surprised if miners are dumping bitcoins even at current rates

How many of these people running asic farms took out loans to buy the equipment? And how long could they survive a sustained bitcoin low before having to sell their gear? That's what I'd like to know at the moment

[roslinpl]

As we see price is not really showing it's possibility to drop to 266$

Rather 700$ tomorrow than 266$ at any time.

[GigaCoin]

As we see price is not really showing it's possibility to drop to 266$

Rather 700$ tomorrow than 266$ at any time.

if u have spare fiat, no harm buying a little at current rates, it's actually a great price IMO. just don't deplete it, keep some for the way down if it happens (if China ban turns out to be the real deal)

[cosmofly]

As we see price is not really showing it's possibility to drop to 266$

Rather 700$ tomorrow than 266$ at any time.

China

[dragonseer]

As we see price is not really showing it's possibility to drop to 266$

Rather 700$ tomorrow than 266$ at any time.

China

Yeah, I'm not sure people here realize, China is happy to buy bitcoins and then sell them 30 seconds later at a lower price, if they want to drive it down, you can't stop them

[CurbsideProphet]

OP makes a prediction that he himself gives a 48% probability (in other words, a fancy way of saying, "I don't know go flip a coin.") then pats himself on the back if his "prediction" comes to fruition.  

Perhaps BTC will test $266, there's too many god damn newbies in this place anyway but maybe you should make a real prediction before putting yourself way up on that pedestal.  

[T.Stuart]

As we see price is not really showing it's possibility to drop to 266$

Rather 700$ tomorrow than 266$ at any time.

...China

... is already becoming old news, let's face it.

[pungopete468]

I can't see any less than $300 for more than 1 hour without a major protocol problem. Even now the market is frenzied at $450. This is despair...

[IamComrade]

post some gf pics  

Yes please! Cosmo's gf is super hot

[dropt]

$266 is too low maybe
if it happen, many miners won't get profit from their mining

What do you mean?  How much do you figure it costs the miners to produce a coin?

a lot of miners get their energy for free or at subsidized rates so costs can be low, most of them already covered their asic investment costs selling into the recent bubble. I know someone who runs a small-sized asic farm who gets his energy at very low rates. It really depends on how much rent and energy you pay to keep your asics running.

i wouldn't be surprised if miners are dumping bitcoins even at current rates

And you shouldn't.  I would bet the corporate farms are dumping their mined coins as usual. FWIW, my base cost per coin mined is ~$103.  I'm not sure how that compares to average miner, but at least it's one data point that can be used going forward.

[cosmofly]

$266 is too low maybe
if it happen, many miners won't get profit from their mining

What do you mean?  How much do you figure it costs the miners to produce a coin?

a lot of miners get their energy for free or at subsidized rates so costs can be low, most of them already covered their asic investment costs selling into the recent bubble. I know someone who runs a small-sized asic farm who gets his energy at very low rates. It really depends on how much rent and energy you pay to keep your asics running.

i wouldn't be surprised if miners are dumping bitcoins even at current rates

And you shouldn't.  I would bet the corporate farms are dumping their mined coins as usual. FWIW, my base cost per coin mined is ~$103.  I'm not sure how that compares to average miner, but at least it's one data point that can be used going forward.

They dump no reason to hold.

[YipYip]

Its going to go down in a short period of time

COMOTARDOPiLIS

[YipYip]

There is a BEARISH outlook that will test previous low resistance points soon !

COMOTARDOPiLIS

[YipYip]

I have a retarded friend whose drool fell on the low side of a chart i showed him and he grunted for pudding instead of a fruit cup !!

COMOTARDOPiLIS

[YipYip]

Ok so you get the point of this bullshit wagon ...anyone can make vague predictions with fluffy words

This is how the Psychic industry has been getting away with their scam for 100's of years

FACTS ARE FACTS

COMOTARD whats your prediction for BTC $USD price for July 31st this year ?