One important thing to keep in mind, right now the cost to produce one btc for miners is around 85k. The miners need a price of this much in order to be profitable. They have had a hard time and a price below this for anymore extended period of time or they will be bankrupt. So it is likely to see the price stay here, as the miners control selling supply. Then we will factor in the short term holders average price and we should see these prices converging to around the 85k mark. This could be our threshold for price in the next few months. #POST2EARN #btc #crypto
Things are still moving. I’ve always been bullish on #pol but lately it hasn’t been the best of times. This is the big play for polygon. Tokenization at the cheapest prices and robust chain. There is others things for #matic to do to stay competitive and having black rock pick you up means something.
Becoming increasingly confident that we will have the left leaning top of the cycle for btc and see the top in 2024. I will be activating my Dca out and watch what happens here. Holding alts for a pump. #btc
With the current market conditions, I am not fearful yet. I see more upside so I am keeping it long. I have link, bonk, shib, op, arb, pol, xlm, stx, eth, avx, sol, near, sui, sei, graph, vet. I have many more but feel confident in holding here. Retail isn’t here yet, they may come, but it is growing but I will be taking profits half soon. Today I cut my shib in half at the top and go back in again lower. It’s still down, euphoria is kicking in a little. Most confident in btc to 120k. If still take eth long here. Find good coins still down, they will move but take your profits if you are a trader. If you are investor, we are still low in most alts. #btc #crypto #altsesaon