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/biz/ - Business & Finance

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15719384 No.15719384 [Reply] [Original]

It's not going below 8k.... right?

>> No.15719399

>>15719384
were going 16k as per the Azura prophecy

>> No.15719403

>>15719384
This is only the pause before the next plunge. We aren't on stable ground yet and we haven't reached the floor.

>> No.15719494

>>15719384
who knows, im just glad the triangle broke, i was sick of waiting

>> No.15719512

>>15719384
what the hell happened to cause such a drop, this was what like 2k in just a few days

>> No.15719520

(((New York))) gets access to ERC 20 tokens just after a USD crash in all altcoins...

>> No.15719642
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15719642

>>15719384

>> No.15719700
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15719700

>>15719399
Yup, 16k by the end of next month.

>> No.15719842
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15719842

>>15719384
6k, then 4k, then 2k, then 1k by january 2020

>> No.15719891

>>15719842
Literally who?

>> No.15719906

>>15719399
1.6K in October. Eat it bull.

>> No.15719927

I seriously don't know what caused it, other than TAfag expectation with the descending triangle. We should be at $12k right now. Fuck bears.

>> No.15720021

>>15719700
Based on what? Who's buying enough to drive the price up that high? Bakkt? LAWL.

Now that Tether is laying low, the price is the bitch of the exchanges, they're barting the fuck out of it to rekt both sides, and some of the whales left standing got the fuck out of dodge.

Don't bother replying, either. Heard it all. Nothing you hopium huffers is ever based on reality.

>> No.15720029
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15720029

>>15720021
>he doesn't know about dark tether
kek. their prints are no longer on a public blockchain.

>> No.15720064
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15720064

>>15719384
Here.

>> No.15720072

>>15719906
This

>> No.15720076

>>15720029
Are you that fag that didn't post his orderbook?

>> No.15720096

imho this is linked to the hashrate drop
Let's say you have 33% of the total hashrate. Start selfish-mining (you don't reveal found blocks). since you're in competition with the remaining 66%, you will find the next block first 1 time out of 3 on average.

Bear with me:
now, let's say you've just found a block. you can then start mining the next block in secret. There are then two possible outcome:
- the main chain catches up on you and publish a new block. It is now paramount that you immediately publish your own block to the network. You need people to see it first, so that they mine *your* block. The more ppl with you, the better it is
You could also use various tools to "force" pools to sync on your node or make deals with big mining pools.

- you find another extra block, which makes you 2 blocks ahead the main chain. Just keep mining blocks until main chain catches up to one block behind, then publish. You don't want to create a conflict as you might loose all your chain. By publishing it, you effectively destroy every other miners' work.

in a nutshell:
at the start, you have 33% chance of finding a block; then 25% chance to hit main_chain+2; then 20% chance to find an n+3 block. after that there is a 50% chance to find an extra block before you get back to n+1.
If main chain catches up before reaching n+2, find a way to propagate your block to mining pools over the world to help you confirm your block.

Doing so will force other miners to capitulate and stop mining, because they randomly get giant chunks of chain replacing theirs, thus turning their profits to... well, you.
You get way more than 33% of blocks that way, closer to 42%, and the rest of the network is earning 20% less. It gets worse and worse

china did this and dumped their extra-cheap coins on our face for a profit. the drop in hashrate lasted around one day, so, 12.5*144*0.42*10'000 = 7'560'000$ which is clearly not enough to move the market and I just wasted a minute of your life.

>> No.15720251 [DELETED] 

>>15720029
The creation of dark tether has different uses:

1)Cause short squeezes and keep the price of btc stabilized (without tether btc would fall in a few weeks at its real price that is $ 1000

2) Start the new bull run since tether will cease to exist in a few months

However we need to find a bottom first, you guys dont realize you cannot inflate the price of an asset with thin air forever, the sell pressure is abysmal, not even fake money can pass the $13k barrier

>> No.15720268

>>15719384
except for that it is

>> No.15720341

>>15719512
How cute, being this new.

>> No.15720703

>>15720341
>Laughs in both x10 and -90%

>> No.15720717

This can't be happening

>> No.15720730

>>15720064
fuck off

>> No.15720731

>>15720096
kek based

>> No.15720773

>>15720730
but why?

>> No.15720789

>>15720773
Ignore him, he went all-in (with his launch money) hoping BAKKT and boomers would've bought his bags.