Bitcoin price falling close to the cost of production...

in bitcoin •  2 years ago 

It's been rough to be an investor, and it's about to be rough to be a miner as well...

The price of bitcoin is falling very close to the cost of production for miners.

This is an average price, meaning some miners are already in the negative while others will be solidly in the green even at lower prices.

However, based on the average cost of production, miners are about to start feeling the pain as well:

image.png

(Source: https://twitter.com/C_Barraud/status/1540973271226748929/photo/1)

Miners had been holding a lot of their mined tokens, with the cost to mine falling below the market price, will miners continue to hold or will they be forced sellers?!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Upvoted! Thank you for supporting witness @jswit.
default.jpg

While it's early days yet, I see the market bouncing back soon. I feel there is still a good time to accumulate more bitcoin with few bucks on a decentralized wallet like that of https://atomicwallet.io/, which is available on both PC and mobile.

Oh! No! The elites wanted to control all BTC. Hope something good will come out soon.