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/biz/ - Business & Finance

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19214860 No.19214860 [Reply] [Original]

So... hash rate is dead! Why price not follow? When dump?

>> No.19214906

>>19214860
Buyers aren't marxist. Marxist labour theory is dumb as fuck. Because they're cheaper to make doesn't mean people buy less.

Hashrate is always the lagging indicator of payout, (Which just halved). Price rules over hashrate, not the other way around.

>> No.19214924

>>19214906
baste

>> No.19214932

>>19214906
Basted

>> No.19215137

>>19214906
So now is golden cross should i expect 12k soon?

>> No.19215337

>>19214860
You believe miners determine price, rather than market?

>> No.19215385

>>19215137
TA in crypto is a meme. DCA or go all in red instead

>> No.19215388

>>19215337
there has always been a correlation between price and miners

>> No.19215539

it's also more hash rate than when btc was at $20k. it really doesn't matter

>> No.19215736

>>19215337
I believe most of the new supply comes from miners versus the regular person (us) selling

The average buyer will buy BTC from miners, not as much sellers

>> No.19215822

BTC price is artificially propped up by the Tether cartel. Hash doesn't even matter at this point, as the whole scam is unsustainable.

>> No.19215842

>>19214860
difficulty will adjust and it won't matter

>> No.19215883

What should I put my BTC into /biz/? I'm getting out before it crashes

>> No.19216116

Ok, major resistance 10270-10480. if it break there and keep the price for a few days bull market begins with hash rate dead...

>> No.19216144

Is no one going to comment on the ops subhuman level command of the English language?

>> No.19216253

>>19215883
BSV is bitcoin - move it there to make the same bet. (BTC is a fork.)

NKN and ONE are both pumps waiting to happen with Layer-1 in mind. NKN for good reasom, ONE because memes.

>> No.19216513

>>19214906
Based, also lower hashrate means lower inflation thus lower sell pressure leading to higher price and the return of hashrate

>> No.19217593

so if the hash is decreasing where is it going?

>> No.19217646
File: 260 KB, 892x494, btctime.png [View same] [iqdb] [saucenao] [google]
19217646

>>19214860

>> No.19217707
File: 225 KB, 813x1141, 165564565464.jpg [View same] [iqdb] [saucenao] [google]
19217707

>>19214860
I wonder what portion of Chinese miner are shutting down
I bet it's zero, BTC will probably be over 90% controlled by china in a few month

>> No.19217741

>>19217707
this, China announced its subsidizing their miners losses. Question is, what does the US do about it? Just FUD?

>> No.19217855

>>19217741
bitcoin is essentially a chinese scam at this point
you're better off just avoiding it

>> No.19217859
File: 44 KB, 800x450, 1520420708986.jpg [View same] [iqdb] [saucenao] [google]
19217859

>>19216513
based, if all miners quit and stop dumping it can finally go to 100k

>> No.19217862

>>19214860
Who cares about BTC desu. Buy some Suterusu, stake, and wait.

>> No.19217950

>>19214906
Fucking bingo.

>> No.19217963

>>19215388
Right, and he asked you what direction you think the causal arrow that explains the correlation goes in.

>> No.19218906

>>19214860
Pull up Hash Ribbons, they're about to cross. Every single time this happened in the last 6 years there was a massive dump surrounding this. Couple this with the stock market running out of steam, BTCs major resistance at 10.5k, and having hype gone, were about to see this thing take a massive shit.

>> No.19219021

>>19216513
> lower hashrate means lower inflation
it doesn't, you are a brainlet.

>> No.19219053
File: 129 KB, 1126x330, 1.png [View same] [iqdb] [saucenao] [google]
19219053

>>19214860
hash rate drop is bullish you brainlet