Post by d a v i d

BTC has a problem. On one hand it needs the price to be well above $75-95k so miners will stay even after the halvning cuts their rewards in half in 50 days. Currently mining BTC has a cost average of around $50-65k. Todays snapshot shows $65.5k with most miners mining at a loss with a ratio of 1.15. Most miners are barely profitable at todays prices. However, the higher the BTC price goes to try and cover the mining losses, the less actual fiat money exists on the cartels exchanges for people to cash out into. This forces the criminal cartel exchanges to have sudden technical issues when the price spikes as they scramble to move funds around to cover withdrawal requests. This is how ponzi's work. Insiders get bailed out, noobs and plebs get told to HODL until it all collapses.