Re-reading "Hoarding Bitcoin"
How to judge the bottom price of Bitcoin
#公链生态 #币安 #BTC 1. We know that Bitcoin miners are the foundation for maintaining the security of its network, so in the long run, the cost of miners can be said to be the fundamentals of Bitcoin. This is also the special feature of Bitcoin that is different from other currencies that are priced only by consensus. Bitcoin has marginal costs. 2. Bitcoin’s special mechanism setting, the mining difficulty is constantly adjusted with the mining progress, but so far, it can be seen that the difficulty adjustment of Bitcoin has basically been adjusted upward, which means that the price of Bitcoin has never been The electricity cost of mainstream mining machines has not fallen below. Because on the contrary, there will be a large-scale mining shutdown, the computing power will decrease and the mining difficulty will change, but this phenomenon has not happened yet.