Pre-havling miner capitulation? First time for that :(
It is clear there are some big players working to eliminate miner competition and dominate the hash rate going into what could be the most epic Bitcoin price discovery bubble and rig season yet.
Does that mean we will not have the traditional post-halving capitulation that offers one of the most lucrative contract opportunities of the entire cycle!? That could be now.
Bitcoin could test the accumulation phase floor and still be within its stock-to-flow log function as long as the halving results in bull phase b instead of sideways until the world panics phase.
Ultimately the players with the most incentive to manipulate the market (miners) will attempt to manipulate the market; thats free market economics.
They are not fighting against the code yet, but they are doing a fine job of shaking out weak hands and accumulating for the post-halving price discovery bubble.
THEY CAN PUT FEAR INTO YOU, BUT THEY CANT STOP THE CODE.
Halving doubles the cost of production. Price discovery floor starts with the cost of production...or asset is worthless.
Post-halving Bitcoin inflation rate (1.8%) will be lower than that of gold and stated goal of fed's fake bank ious.
BACK UP THE TRUCKS AND LOAD UP DURING THIS CAPITULATION PHASE.
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