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27 sats \ 6 replies \ @faithandcredit 26 May 2022 \ parent \ on: Daily discussion thread
not really. the market has only just begun feeling the pain. i suspect it will go lower still. but lets see.
What would make it go lower?
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russia and china continuing to be idiotic for starters…global macro picture continuing to look pretty bleak atm.
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how are they idiotic, if they are not the ones who are going to feel the pain, this is class A geopolitics, the west should have thought before entering an unwinnable war. Now...consequences.
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Unnecessarily starting a war, cutting themselves off from the rest of the world to denazify their Ukrainian neighbors at the expense of thousands of lives unnecessarily seems pretty idiotic to me.
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Anxiety mostly i guess
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Home miners will stop being profitable when/if energy increase significantly in the summer.
More miners online every day.
Some (not all) will have to sell.
If increased selling is not met with increased demanding, then you know the story.
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