Cut loss #BTC 58k #ETH 2k6
OI up a lot, Price is stuck to go up.
This is Futures manipulation
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Cost of wood material to produce this chair is at 6$.
Total production cost includes ( Cost of wood material + Warehouse + labor + ... etc) is much more than 6$, probably at 10$
Now It is being sold at Amazon at 5.9$
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Green alts today but high tf charts look like this 👀
U will have much time to watch consolation at bottom. No rush to buy at local green candles
BTC keeps trading at a big range
Few alts are in 30% green but they ended by a tower drop
August is time to accumulate at range low BTC & Alts
You can think BTC is like this chair.
Cost of wood material to produce this chair is at 6$.
Total production cost includes ( Cost of wood material + Warehouse + labor + ... etc) is much more than 6$, probably at 10$
Now It is being sold at Amazon at 6$
🙈
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It's important to understand that:
Price has started pumping when sellers are running out.
Price has started dumping when buyers are running out.
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Cost of electricity to produce 1 bitcoin is 60k
Total production cost includes ( electricity + warehouses +Labor ... etc) is much more than 60k
Now BTC is being traded at exchanges below 60k.
THe logic is simple => BTC is undervalued below 60k.