Friday, December 11, 2020 6:39:10 AM
When smart people buy bitcoin.
On March 11-14 Bitcoin had a major crash, dropping from $8000 to around $5000. The following picture shows exactly what that looked like.
On March 14-16 the major players in crypto (people that drop millions) had a choice. They could spend $10,000,000 on server farms, land, machinery, and personnel in order to setup a miner farm and receive a variable return of bitcoin over the next few years, or they could buy $10,000,000 of bitcoin upfront and not have to deal with all of that work.
Creation cost is the most important metric in crypto.
See the full report here:
https://www.amsinger.org/sample-reports
On March 11-14 Bitcoin had a major crash, dropping from $8000 to around $5000. The following picture shows exactly what that looked like.
On March 14-16 the major players in crypto (people that drop millions) had a choice. They could spend $10,000,000 on server farms, land, machinery, and personnel in order to setup a miner farm and receive a variable return of bitcoin over the next few years, or they could buy $10,000,000 of bitcoin upfront and not have to deal with all of that work.
Creation cost is the most important metric in crypto.
See the full report here:
https://www.amsinger.org/sample-reports
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
