$BTC never dumped below its electrical cost Do you know what does it mean?

Bitcoin has also historically has rallied significantly harder above fair value which it did not do this cycle and the draw down was muted. Not everything that has happened before will happen exactly the same way in the future.

thats because electrical cost moves with the price

Production Cost is different than Electrical cost.

That chart clearly shows it's dumped below it several times

bitcoin:native monthly

Bro..it LITTERALY felt below its cost 3 times !!!🤣🤣🤣

@thinkingcrypto Bitcoin's price AFFECTS its electrical cost

@thinkingcrypto what does electrical cost mean? that’s not a singular value or number

And what do you think happens if we go through deflationary environment now and electricity prices go down?

Are we just going to ignore the times it did?

I understand that you're a cyclop... but don't you see the wicks? 🤔

The wick almost killed many people

Does this mean miners control the market ?

electrical cost isnt a real floor, its an estimate that moves with difficulty and energy prices. btc has traded under it before, just doesnt sit there long

It did dump below for the first time and it was this year The scaling here doesn’t do it justice

Cost in Iran is $1500 a BTC and they’ve just been given $300 billion to spend on the leccy, so…

Yes, dump for first time

There is a first time for everything. Electricity costs are increasing at a rate that makes it nearly impossible for anything to keep up, including Bitcoin. This pattern is destined to break.

This will be the first time?

Production cost is the floor.

This is a why does btc not go to $0.

But daily mining/miner selling is less important with the small block reward

BTC never had interest rates where they are either.

It doesn’t mean Bitcoin can’t trade below production cost. It means that historically, extreme fear has tended to bottom near the economic cost of securing the network. The more interesting takeaway is that Bitcoin has repeatedly found long-term value around its cost of production, something very few assets can claim. That’s less of a price prediction and more of a reflection of Bitcoin’s economic design.

it DID dump below (2020)

Maliyet devletten devlete deyisir İran'da BTC maliyeti 1200dolar buna ne diyeceksin birşey diyemezsin burdaki mesele balinaların çok fazla dusurupte çok para kazanma olayi

Electric costs go down.

Mentira já caiu sim

That we finally realized that Bitcoin is a ponzi

Yeah it means it’s about to do it for the first time

it means its about to dump below its electrical cost

Yes. The meme metric is about to fail like the others

your first two circles literally show it going below.