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How Low Can Bitcoin Go? A Miner's Perspective

668 views· 22 likes· 16:07· Jan 22, 2022

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Unfortunately there is a lot of red in the market today guys and my phone is blowing up with people asking me what where do I see it going and what do I expect to happen over the next year or so. **This is not Financial advice just my personal opinion! What is the Verus Platform? https://youtu.be/eOn9XpjkuCA Verus Discord: https://verus.io/discord Could One Bitcoin Be Worth $800,000 in 2024? That's just three years away! https://youtu.be/YcdzQyd8AQo Could One Bitcoin be worth $60,000 in 2020? That's just three years away! https://youtu.be/m5uVsKKiULQ ***Make sure to subscribe to my channel, there's a lot more to come and you don't want to miss it. It only takes a second*** ***Bitcoin & Cryptocurrency Consulting*** Need help or just want to talk about cryptocurrency? Email me at: TheBitcoinMinerNC AT gmail DOT com Follow BitcoinMinerNC on Twitter here: https://twitter.com/BitcoinMinerNC Follow BitcoinMinerNC on Facebook here: https://www.facebook.com/BitcoinMinerNC

About This Video

What’s going on cryptocurrency universe—today is a straight sea of red, and my phone’s been blowing up with the same question: how low can Bitcoin go? In this video I walk you through how I think about bottoms from a miner’s perspective, because I’m not a financial advisor—I’m just a guy in the garage who builds mining setups and likes piecing together the cause-and-effect between price, difficulty, and profitability. I pull up WhatToMine, focus on common Antminer ranges like the 96TH–110TH class, and I run the numbers using realistic power costs (6 cents is strong, 10 cents is more “global average”). The big takeaway: I use miner profitability as a rough floor indicator. In my opinion, once you start getting down into that “hold and borrow against mined BTC” zone, miners are less likely to dump supply—especially with the next halving about two years out and hype typically building a year ahead of it. That’s where my “super cycle” idea comes in: we may see a down cycle, but not the kind of brutal crypto winter where everything goes to $1/day per rig. Based on the math I ran live, I don’t personally see Bitcoin going to $10K; I’m looking at ~$25K as a realistic low, and I’d be surprised to break below $30K for long. I also touch Ethereum profitability and explain why ETH could still have room to fall, with a possible lull range around $1,500 in this cycle.

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