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23 COMMENTS

  2. I've been looking at the BTC weekly and thinking the same sort of thing. The fundamentals for crypto in general are still good but it may be some time before the market reflects that.

  3. No depression coming only a small recession. The Fed and U.S. government will do whatever it takes to prevent a depression or long recession. They will kick the can down the road again eventually resulting in a collapse. We are safe for at least the next five years.

  4. Nick you sometimes recommend LEDN.IO – On reflection of the recent price drops please could you explain the risks with this and if on balance it's worth using the service to increase BTC holdings. Thanks.

  15. The USA has a higher number of cases than the country where the "virus" originated, record number of CEO's selling stock and stepping down right before major selloff, Senators selling mass amounts of stock right before the sell off, businesses are forced to shut down and lay off workers, the government is essentially forced to borrow 6 trillion new dollars into the system as debt borrowed from the future. What would they call the "stimulus" package if the "virus" wasn't around? Corona relief package sounds good, 6 TRILLION corporate/government bailout doesn't sound good. The bankers are holding the world hostage.

  16. ?Miner difficulty adjustment is a spanner in the Stock-to-flow model. If half the miners drop out, the remaining BTC will be distributed at an even faster rate to the surviving miners. Miners can be profitable even if Bitcoin is at 3500 USD. Stock-to-flow model relied on hashrate being steady or growing.

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