BTC belongs to POW. Through dedicated mining machines, powered on and running, you can get BTC rewards by paying computing power.
Therefore, BTC has a cost, which is commonly known as the “shutdown price”.
Shutdown price = (unit electricity cost/H in the area where the mining machine is located multiplied by 24 hours) divided by the number of BTC obtained in 24 hours
at present
The “shutdown price” in low-electricity areas is around 32,000;
The "shutdown price" in areas with high electricity prices is around 55,000.
Some people think that because of the existence of the “shutdown price”, BTC will not fall below this price;
This is an illusion. In the past, BTC has fallen below the shutdown price.
Of course, the “shutdown price” can also make us money.
A simple logic:
When the market price is lower than the intrinsic value of the commodity, you can buy and hold it. That is to say, when it is in the "shutdown price" range, it is suitable to build positions in batches.
In the cryptocurrency world, one of the concepts for making money is “trading time for space.”
