BAKKT Bitcoin cash futures A HUGE SUCCESS and its smashing Bitcoin! BTC bottom is near!

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2. The real bottom is below 3 k.
   So, Bitcoin will be trap below 6 k for at least 1 year.
   ———-

3. 6500 is the cost to mine in the real world. In China the cost to mine is closer to 3500

4. Maybe cause the mining farms are off line?

5. Why are your miners not working?

6. I think waiting for a 6,400 bottom is a gamble when you can get it now for 7100. You have the largest mining facility in Texas now and "CAN" quietly listed on the NASDAQ. It's said the Bitmain also applied for a listing confidentially. They are prepping for what is likely going to be a lot of exposure and I don't think that exposure is coming in the form of a btc breakdown.

7. are you telling us that miners (you and those you know) will start buying at 6500 to help the bottom set in?

8. Bcash = trash

9. Man you should shake hands with chico crypto

10. If the halving fails to bring new interest and buyers it is over

11. Finaly someone is talking sense. For every locked btc there is 10 btc on paper. So supply is 10x more and price is low.
    Also what is crypto custody? Off chain bitcoin in vault?

12. Thought Experiment for Uncovered Bitcoin Certificates :

    You are to have sold uncoverd bitcoin certificates. You have colledted 100Mio$ with this fraudulent activity. You know that you will have to pay back investors money at any time they are to claim their investment. Would you rather have bitcoin price rise or fall ?
    Thew answer is, of course "fall". Because then you will never have to pay back as much fiat as you collected previously.
    Any thoughts on this thought experiment ?

13. one reason that Bitcoin is not moving is due to Gresham's Law: People are becoming more aware of the futility and risk involved with Fiat currencies…around the world: https://en.wikipedia.org › wiki › Gresham's_law
    
    In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.

14. The cost to mine one Bitcoin varies by country and can cost less than $2000.00. Perhaps your bottom target of $6500.00 is a bit off. (pun intended)

15. Bitcoin is garbage. Buy Tezos and VeChain.

16. Top Vid Cheers Mate!

17. Blockchain Capital's Spencer Bogart has recently published a list of 2020 predictions for cryptocurrency predictions. The most remarkable one concerns Bitcoin fees that are expected to surpass $100k next year due to the growing demand for transactions.. As a trader, we would have to use this opportunity to accumulate as many coin we could with the best signal. This of course is a good time for me and its been going on for months now, buying cheap and keep trading with David Loghan’s daily signals which I have been using since the last bear market until now and with which i have make at least 3.6 btc in profit every month when i trade actively. David’s daily signals are very accurate and always yields positive return on investment. David is available to give a helping hand Telgram (@davidloghan) on how to trade profitably.

18. The more btc locked- the higher the price. Price grows not of changing hands. The reason is the massive refusal to sell.

19. Man – no question the mine ?

    Your knowledge is priceless at this point … anybody can buy bitcoin

20. Just like the elite keep the price pf PM's to around the mining cost, BTC futures are doing the same to the crypto space. But being a deflationary asset unlike the metals we should break free of that a little with next years halving and then each halving after will break us free from futures even more. It will work out for us early investors but it is just going to take longer than if futures were never brought on the space.

21. Bitcoin is not for everyday transactions, it’s a store of value, hence BCH and LTC! XRP is just like dollars, controlled buy a central authority they can create or burn as much as they want! It’s just more efficient.

22. 8:30 So much crap out there and Coinranking.com has over 9.2K.

23. If you were buying $1 million of BTC as an investment/HODL I’m pretty sure you wouldn’t have been dumb enough to buy all of it in a lump some.

24. what if they just burn it

25. Excellent video, important insights, much thanks with Blessings ?Bitcoin 4Ever ??

26. those 9.2 are not just exchange lock ups. those are holders of last resort. Depending what percentage of each is in that 9.2 million is the trick. To me that's just as much a positive signal, corresponds with stock to flow model, people value their coins more than the cash they could have for them, there are long term tax purposes to do this for bullish holders also.

    Billionaires looking at that statistic thinking they can take the other ~5 million coins off the market for a cool ~40 billion… fed prints 4 times that in one repo session, they could literally just repo for the cash and buy the supply in one night if they were so sinister.

27. Great video, info, perspectives and damn it Jason!

28. Bitcoin being effectively Hodled through Bakkt is categorically not at all hurting the price of Bitcoin. Quite the opposite. liguidity be damned. the only liquidity that counts is the amount of fiat being buying into Bitcoin.

29. EDIT: I was time crunched on the calculation.. Will get the data all baselined cohesive..

    Wait. If you are invested in mining instead of buying BTC, you would made out better in the current environment?

    Kris, you are incorrect in this analysis and you are making it on a wrong prescriptive assumptions:
    1. You have a continuous electric bill, hardware maintenance, and space rental (opex)
    2. We did not even talk about the amount of miners you bought as a capex to start as well as in the future
    3. The increased hashing power you have to buy to get the same amount of BTC in the past is a diminishing ROI value (as difficulty has gone up)
    4. BTC halving only means you will get lowered amount of BTC as reward

    Now, could you be profitable but it all hinges on other variables… I know mining could be profitable but HODL is a better return in this scenario:

    When you buy and HODL:
    1. No upfront cost for opex or capex
    2. The amount of BTC is all based upon the price of BTC (you get the amount based upon the buy rate)
    If I bought BTC at the 2017 high (e.g. $20,000), I would be at a lost but I would not be having any operational or capex. So the with $1 million, I would have bought ~50 BTC. Currently, the value would be around 1/3 on portfolio. No Opex or Capex in our discussion…

    Mining:
    In comparison, if you bought started a mining farm, you would have gotten around 12.5 to 25 BTC per block reward (2/2019 was halving at 12.5 if I am correct). But you know you are not going the full block reward as it depends upon difficulty rate and your hash power (or your mining group) compare to everyone.

    Year 1: You need 16.6667 BTC
    Year 2: You need 33.3333 BTC
    Total: 50 BTC

    I look at cost of Antminer S9 had Amazon price between $453 (6/2019) to $5179 (2/22/2018). Wattage is around 1350 Watts..
    https://camelcamelcamel.com/Antminer-S9-~13TH-Bitcoin-12-1600/product/B01LX6EVNI

    I understand this could not always been accurate but 1 S9 Antminer with wattage (did not even consider cost per Kw/h) comes up as a profit of $2.25 – $4.50 / day (.03 BTC)… I do understand difficulty rate is much lower in 2017 to the present but I am using current since it would hard to calculate it all.

    https://www.buybitcoinworldwide.com/mining/calculator/

    So to get .0456 BTC / day (which would be about 16.66667 BTC after 2/2019 halving and 33.333333 before) to get 50 BTC, you would need 2555 TH

    which would mean, ~ 142 S9s
    With $3500 at BTC height (around 12/2017) = $497,000

    Reserves:
    TH: 2555 TH
    Cash Reserve $503,000

    Additional Cost:
    CAPEX:
    Network Equipments, Racks, Ventilation, Cooling, Maintenance: $100,000 (2 year period)
    OPEX:
    Rent for space: $50,000 (for 2 year seems to be a minimum)

    Cash Reserve: 353,000
    This is where electric kills and what makes or break your mining farm:

    1350 Watts* 142 S9 = 191,700 Watts

    Cost at $0.15 KW/hr (with BTC @ $7000), the profit is -$370.81
    Cost of Electric is $270,691.30

    Cash Reserve: $82,000

    Deviations:
    1. Difficulty rate was much lower during 2018-2019 until recently
    2. Price of BTC was at $7000 (and could have much lower)…

    The Cash reserve with all values could end up $0.00 during Apr 2018 to May 2019 when BTC was beyond $7,000 and you are paying more operational cost as BTC value did hit a low at $3,500 (and even if we negate the difficulty rate to give more BTC)

    This is where I would tell you that HODL could be better.. No unknown variable in forecasting.. BTC price will rebound and mining could be profitable.. But mining, you have to keep updating, maintaining, and competing with other minters for BTC.. Imagine if I bought my BTC at 4000 for an extended period of time and held it? HODL will kill the mining because the profits are a given at any point as there are no other cost variables..

    As to currency with BTC, you are incorrect about HODL. I know this is your mantra but you are incorrect.. That is what people do with cash.. Why do you see Warren Buffet have a horde of cash? Yes, to make acquisition but that is what people do in saving money for the future. So if everyone save, it does not mean it is not a currency. You are getting definitions and terminologies mixed up as you are placing a conclusion and looking for data points and evidences to "prove" your conclusion.. That is not how you deduct an answer. Right now, the liquidity crunch of BTC is going to be the reason why it is going to go up in price.. Why do you think the institutions are still buying up more at this price? They see the store value… Could BTC be used as currency.. Sure but it is not going work as one until they resolve their level of transaction. Again, currency has store value and that is why US Dollar is the currency that most people hold unto today compare to other currencies..

30. Bitcoin 2020 mining reward halving getting closer every day …..⛷….☃️

    Bitcoin shirt sponsors Watford up against Liverpool ⚽️ in the English Premier League ??????? this weekend

31. very true , difficult to see BTC below 6 k in the next future

32. 1 million in btc in January 2018 till now ur ass would be grass bro… good move on investing in structure

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