BitCoin, page-170

  1. 10,291 Posts.
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    Yes in 2018 all the chartists including Tone Vays who is a champion of BTC were telling me to wait to $1,000.00 to buy I bought at $3300 having waited and held from well before the top of $20,000 . Why because I knew that the miners do what oil drillers do when a well becomes uneconomic they turn it off and the point where BTC became so uneconomic that enough miners had turned off was about $3,000.00 . Thats a fundamental overuling T/A . At the moment it is a lot harder to work out that point when enough miners would close down to affect the price due to the high percentage of renewable energy being used but is believed to be between $10,000 and $12,000
 
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