[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 1.03 MB, 1106x1467, 1467194287447.png [View same] [iqdb] [saucenao] [google]
17273145 No.17273145 [Reply] [Original]

I heard a theory this rally is artificially manufactured by miner manufacturers in order to sell as many ASICS as possible before the halving cuts profits and reduces the number of potential miners eager to participate.
Look what happened to LTC, hashrate dropped almost 70%, mining ecosystem is not growing anymore, it's stale, they don't even bother with developing new machines anymore.

>> No.17273150

>>17273145
litecoin is a shitcoin

>> No.17273157

>>17273150
So is grandpa shit coin

>> No.17273177

>>17273157
Long nano and short btc please sir.

>> No.17273193

>>17273145
> artificially manufactured by miner manufacturers
implying anyone can manage to control the price of an asset worth 180B

>> No.17273195

>>17273150
It is but it is very old top 10 shitcoin with POW model so it can serve as a possible endgame example. A model that has inbuilt planned obsolescence in itself. Eventually the rewards are becoming too small to sustain large ecosystem of miners and diverse group of competing manufacturers. Name 2 competing LTC ASIC companies. Pro tip, you can't. Innosilicon's A6+ is the last competitive machine that was released on the market almost year ago and then silence. There were rumors new machines might be released but they were never sold, maybe not good enough, maybe not enough demand.

>> No.17273202
File: 38 KB, 485x433, 1581388867649.jpg [View same] [iqdb] [saucenao] [google]
17273202

>>17273157
>implying bitcoin is a shitcoin
bitcoin = le god

>> No.17273209

>>17273145
who cares. we all know shit like CKB and Algo will go on HUGE spec runs soon. don't think too hard. wait 90 days.

>> No.17273220

>>17273193
180B is not 180B real money. You can move the price with much less. Plustoken ponzi gobbled 4 billion from Chinese normies and the day the scheme collapsed and their promoters were arrested was the day the top was formed and the price started crashing. There were analyses that somebody at Plustoken still has the keys and is liquidating hundreds of thousands of bitcoin and other shitcoins and it was enough to cause significant decline, they still own some btw.

>> No.17273247

>>17273220
rich traders can trigger short-term price actions but long-term trend