You are viewing a single comment's thread from:
RE: CEO of Bitmex doubles down on bearish comments
I think a major fact many are missing and a figure probably difficult to quantify is the amount of buying occuring OTC and into hands of long term investors that continue to limit the amount of supply outstanding...
I have always wondering why OTC trading does not affect prices more. I mean, in a way, isn't OTC trading the same as black market trading?!
Falling below 6K will also make mining less profitable! Assumed some deep pockets have already saved us from dropping further a few times now
Posted using Partiko iOS
That is a good point. We are already below many places break even cost of mining.