It's tough to say what the 60 day wait costs you. Somewhere between 3000 and 4200 for 50 to 70 bucks a day.
So is it worth it to pay it? Nope.
CME contract is 5 BTC, and CME fx contracts usually trade at $100K face value, so their contract would suggest a $20K peg for the foreseeable future.
I'd wait for wall st to plunge BTC to about $5K to shake out the weak hands, then pick up miners cheaply. Then wait for the plunger to cover their short, and resume mining at $20K/btc.
So is it worth it to pay it? Nope.
CME contract is 5 BTC, and CME fx contracts usually trade at $100K face value, so their contract would suggest a $20K peg for the foreseeable future.
I'd wait for wall st to plunge BTC to about $5K to shake out the weak hands, then pick up miners cheaply. Then wait for the plunger to cover their short, and resume mining at $20K/btc.
This is a little unrelated. But in anticipation of this drop, do you think it would be wise to convert most of my stock to altcoins in the hope that their price is somewhat isolated and will minimally mirror a btc correction (this assumption may be flat wrong). Or just convert to fiat. I could alternatively just hodl since I would still be profitable (bought in early 2014) but it would be nice to take advantage of the ATH price.
