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Bitcoin (BTC / USD) Bullish Why? - What Nobody is Telling You and you Should Know

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CriptoAr
@criptoar
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The key is the costs of Bitcoin mining

Let's see

As we see on the page these are the costs of mining Bitcoin currently.

These are the electricity costs for the year 2018

Source: https://www.statista.com/statistics/263492/electricity-prices-in-selected-countries/

The cost of electricity must be adjusted to an average. We have from $ 0.33 per kWs from Germany to $ 0.08 from China. We will take the value of China's electricity as it concentrates resources and low prices.

Mining team earnings page

Source: https://www.poolin.com/

As of today these are the team earnings.

If we adjust the price of KWs to the value of China $ 0.08, this is the profit per team.(At higher values ​​more negative to mine Bitcoin, try to put higher values ​​on the page)

As we can see, the profit is significantly reduced.

Now let's see what happens after halving.

Source: https://www.poolin.com/

As we see at current prices it would not allow profit to mine Bitcoin

Therefore for miners the price of Bitcoin below $ 10,000 after halving is pointless.

To reflect

  • Many analysts talk about a Bitcoin correcting up to $ 2500 dollars - Does it make sense to affirm this?

 - Others speak Bitcoin after Halving at $ 4500 dollars? - Does it make sense to say this?

  • Bitcoin at $ 6500 dollars. What do you think?

Analysts would have to say will there be a correction after halving or have we already seen it, with the correction of the pandemic?

To be continued ... Leave your comment or vote if you want to know more ...

What you think?

Does Bitcoin's Price Break Up or Down?

Leave your comment or your vote. Your opinion and participation is important

Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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