Thread: Bitcoin et al.
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Old 07-19-2022, 10:49 AM   #152
Hammer
College Prospect
 
Join Date: Sep 2005
I think mining costs vary quite a bit, current average around $13k from what I hear. I have a small holding in the minor Cleanspark. Zero debt and clean energy. They mine 9.9 per day as an average.

I don't know much about mining, only that it isn't profitable for the guy on the street.

Just took some profits at $22.8k. 13% profit in to cash. Looking to plow 50% back in if and when we retest $17.5k. Then the rest if we hit $16k. Will go mainly in to ETH most likely and possibly a few alts. If we don't retest $17.5k I won't put it back in. No more buys for me unless me hit that mark.

I think this is a false breakout. Even if it.takes a few months I am guessing we retest $17.5k as a minimum. But it's all guesswork. Never come across anyone who can predict Bitcoin price accurately in the short term.
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