The four year cycle will become less and less defined as major players with their financial inertia will smooth out the peaks and troughs. I was just looking for a quick daily fix of hopium and a few sats for my jolly post. Long term I’m full of hope and happiness

Dare we hope?

And thus comments a programmer, surely.

Ha ha. Not just prohibited but very prohibited.

Foucault’s Pendulum

- most articles are too long - they include more noise than signal - readers get swamped - concise writing is good - bullet points are better

Oops. “… stop the price FALLING any further”

My thoughts on this… If the miners have enough financial reserves - and that’s the big if - they will not sell to the market below their production cost. They will hold for as long as they need/can. Miners holding back their production will *possibly* cause a shortage of supply and stop the price taking any further: a price floor.

Dare we hope?

Ps. difficulty = fn(hash rate)