0.00Open0.00Pre Close0 Volume0 Open Interest9.00Strike Price0.00Turnover1970.57%IV43.64%PremiumJul 5, 2024Expiry Date0.00Intrinsic Value100Multiplier0DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.1106Delta0.0183Gamma21.29Leverage Ratio-2.5266Theta0.0000Rho-2.36Eff Leverage0.0010Vega
BFSkinner : B/c the few bigger miners will gain market share and smaller miners will capitulate. There’s still plenty of time to mine btc, plenty of room for it to
10baggerbammOP BFSkinner: making assumptions that large miners will continue to grow what I'm saying is the commodity that they are mining is down by 30%, therefore when they sell it their revenues are less so when you factor in the having that took place with the fact that the prices come down by a third their energy expenditures are higher on the margin not lower their cost to mine have gone up they haven't come down on the margin therefore their profits will be down significantly it's basic math
BFSkinner 10baggerbammOP: There’s still the max supply of btc which creates the supply crunch and value will rise over time
10baggerbammOP BFSkinner: your argument fails because the same goes with oil in the ground there's what's called peak oil and that's been discussed at nauseam it's real simple if the commodity that you sell the price falls by 50% you need to increase your production by over 100% to maintain the same level of profit and the reality is when you increase your production your cost also are increasing so unless you have some type of economies of scale on the manufacturing side or production side even a doubling of production produces lower net income
BFSkinner 10baggerbammOP: Max quantity is known for btc. Not so for oil
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