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Friday, June 28, 2019 9:37:39 PM
Backing up,
Int vent is dependent on coin prices difficulty rigs and costs, essentially
The main ingredient is the price of bitty
We saw all the junior players explode at bitcoin 13k
Then settle back sub 13k
Then start to move again later today as 13k came back into view
And if you don’t understand the amount of capital it takes to move the super scarce bitcoin
And how much global capital is potentially in play as the road to acceptance of land use of bitcoin is just a massive profit runway for the forward looking and the confident investor in the space.
I would describe the elemental grind upwards then explosion Wednesday as the rubber band effect
... as we see the equities in the space are almost all fighting capital raising and dilution in the face of a skeptical
And previously burned investor base.
Once bitten twice shy
But the inflection point is so &$@)&@ close
Can you stand it
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