Thanks for sharing. I've had trouble trying to track down updated mining estimates. In a thread full of rampant hand waving speculation, marginal production cost is the only thing that matters in the medium-term.
thanks here's the latest, I'll keep it updated at the substack, https://bastion.substack.com/p/bitcoin-fair-valuation-update-d44/comments
I respectfully disagree Oct-Dec are good months for bitcoin I think btc will go to $100K before Dec 31. I'm long spot 20 btc's At current btc price, If you're right, I lose a couple of hundred thousand, if I'm right, I would make over 1.1M, it's a good deal, I think Of course, we could both be wrong and btc stays on this narrow range 40k to 50K, but you and I both don't believe that will happen, amiryt? We both believe btc is going to be volatile in the next 3 months
Um but the market agrees, -$1k gap down today as of 5:30amET https://www.cnbc.com/quotes/BTC.CM= I'm not a btc trader, though, so who knows. Personally I would be scaling out on continued weakness. Cash is king imho, (not a trading recommendation )
-$1K move on btc is not much. It's a high volatility asset It has since gone up over $10K in one week's time This is nothing, though. Bitcoin will go to $100K before eoy imho I'm long 20 btc's and I did not scale out as already have enough cash for safety Ca$h is king but bitcoin kicks cash as$