Quote:
Originally Posted by Bill Bumface
Can you stop being a complete dink?
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I don't think he can.
Also Dino your prediction was an easy one before the halving. And there will be a spike, likely 6 months after the halving based on history. But miners are concerned and holding off on some project until after as they are not sure, and if there isn't a spike a lot of interest will drop off.
Either way, the price will comeback down to the edge of profitability of the miners and hover there until the next event. Where profitability is for them? around $60 to 90k?... as if it drops below, miners will shut down, lowering supply raising the price, which the cycle will continue and hence hoover at a small margin for them. So don't expect a big boom to last long. But over the long scale it'll go up, but there will be a point where it is no longer of interest.