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RE: BTC - Correction in progress - Again right prediction
Very interesting and reasonable analysis , let me tell you my little secret, The supporting price is $5170 it could be 10% less or more.
Because we do mining bitcoin, we have an operational cost plus the cost of the hardware, thus The majority of us support bitcoin at that aforementioned price.
Upvoted
uh uh so before $5170 you were losing money with mining?
Sorry but I know well the mining world... and I'm not agree with your statement
Hello my friend
now what do you think about my statement?
Moreover I will give you the coming months prediction soon.
Do the math, calculate your hardware cost your electricity and effort, kepping in mind difficulty progress through timeline and price with each difficulty benchmark.
I cannot explain exactly how is the formula that we developed in our small mining farm.
But please explain to me what that has to do with technical trading?? Good work @cryptopassion asked you for a target in an earlier post...this was the answer I was looking for..Fits nicely with the strong support I mentioned earlier..Upvote for the good work!
You welcome. Yes sorry for the missing answer but I start to have many questions on my publication and it is sometimes hard to don't miss any hehe.
Thank you for your support
Hey, It's okay...just happy for the work you are doing...keep it up!!
We do trading and some have lots of coins.
Thanks.