RE:RE:RE:Coindesk Research Note - HUT8 Deep DiveI'm long HUT so I definitely want it to be successful. Curently underwater so I want you guys to be right. I'm just keeping an open mind to both sides of the argument.
Good news is that the price is over 9K this morning and there is good reason to believe it will stay above 8K from here.
We definitely need HUT to hang in there for a few months after the halving and watch the other less efficient miners drop away. As long as the price can stay on the uptrend we will be fine.
Any prolonged drop in the price of BTC and things will be ugly.
So once again... everything depends on the price of BTC. You can't argue with that.
All the best. HODL on.
gatekeeper1977 wrote: Finally someone with common sence and actually following this company in depth. Hut 8 is well or even best positioned as a Bitcoin miner.