Since I used this chart to get out all of my friends and family out stocks as early as breakdown on the bear flag before the Stock market crash, I thought of publishing this chart to the people. Interestingly it also unmasks the great lie of rising stocks that was induced by Repo market operations and $500B+ QE to fool the herd into buying right at the top. This...
In view of global financial crisis (with stocks collapsing), I expect BTC prices to be relatively subdued going into March and slowly climbing back to $9.5k-$10.5k range towards end of march, for the simple fact we are very close to cost of production.
Using Satoshi's words:
“The price of any commodity tends to gravitate toward the production cost.”
As we are...
