Bitcoin Price Thread

Bitcoin price now at 34.390, its already arise because before the price even drop below 30.000 as psychologist level price, but now crypto still in hard condition because China sweeping miners in their country
 
radex78 said:
Bitcoin price now at 34.390, its already arise because before the price even drop below 30.000 as psychologist level price, but now crypto still in hard condition because China sweeping miners in their country
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Would it be possible to move the center of gravity for miners from China? IMHO Yes, Money goes where it is wanted and appreciated, with the proviso that you can keep graft and corruption out of the mix, which tends to squeeze out a LARGE chunk of vig to support the enforcers, leaving the remainder for the Makers.

How long would that take? On a distributed network, not long at all to set up in a tech savvy area such as Austin Texas, where the talent and resources exist to construct a platform from which to support the operation.

If this happens, "Thank YOU very much China. lol. If USA is silly enough to "Run Bitcoin Outta Town", It would find a home elsewhere, maybe by something as simple as transferring the hardware via custom containers on a Transport Plane, or Ocean Based Cargo Ship and Plug It In Elsewhere.

The rapid pace of technology improvement, moors law and all, may actually make it cost effective to continually rotate out a portion of the oldest hardware for replacement by newest hardware, which can be located anywhere i would suppose on a distributed digital network, so disposable modular containers could maybe be deployed wherever the production / vig ratio is best for the developers.

A major hurdle for Bitcoin, as is with ANY Monitary System, is the Vig, that being expenses incurred by Graft and Corruption. We happen by dumb chance to have been born in an age when the digital convergence has matured to the point that makes a launch of a new money paradigm possible within our lifetimes. IMHO

Will it be effective in reducing the gross Vig expense to yield not only unparalleled convenience along with that increased efficiency of an increase Net of Vig? You tell me. As Always, Keep your Eyes on Your Fries.
 
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Sikabum said:
The 1d tf chart looks like Wyckoff accumulation, so I think it will grow soon.
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Agree TD Pressure shows renewed buying although there is plenty of overhead resistance to get through:-

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