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/biz/ - Business & Finance

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18319716 No.18319716 [Reply] [Original]

The crypto markets may be hit much harder as the miners start cashing out. Similar to what we've seen 30-40% drop in ONE day. Especially those with a proof-of-work system which rely and are correlated heavily with the energy market, oil is expected to get lower, energy is expected to get lower meaning there is nothing stopping miners from obtaining more rewards with less expense. And lets not forget every other token/coin is correlated with BTC.

Don't think this is gonna end up well, this thing is far from over as I see it.

>> No.18319807

>>18319716
That's the same way I see it anon, the market is extremely irrational and volatile. Tether printed out of thin air and pumped into the market, then burned.

>> No.18319831

>>18319716
Except they wont be getting more rewards for less expenses after the halvening. If anything, low energy prices may keep less profitable miners going longer.

>> No.18320090

It's legitimately fake Tether being thrown into the market a -40% in 1 day is nearby

>> No.18320347

I hope crypto speculation dies, so cripto could be used as a replacement for fiat

>> No.18320362
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18320362

NOPE ETH $300 EOW

>> No.18320408

>>18320362
People like you ruin the board you do realize your opinion has no impact on the market do you? Try to construct a logical statement, you certainly can't.

>> No.18320611
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18320611

>>18320408
Wrong we mastered the universal law of attraction and meme magic we hired over 9000 pajeets to visualize $300 and feel as it already happened. We has hugge impact on markets OOOOOOOOOOO

>> No.18320852

>>18320347
If crypto speculation dies then no one is going to want to mine or run nodes because there would be no reward in BTFs case at least. BTC was a cool idea but it has failed as digital decentralized money. There is much use for blockchain tech though.