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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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File: 90 KB, 1481x963, 815btc.png [View same] [iqdb] [saucenao] [google]
18749555 No.18749555 [Reply] [Original]

>> No.18749564

>>18749555
nice mee lines. but we are totally hit 8400 first. ANOTHER BULLFLAG WAS JUST PAINTED. IM COOOOOOMIN

>> No.18749569
File: 18 KB, 625x217, greg schoen.jpg [View same] [iqdb] [saucenao] [google]
18749569

>>18749555
>taking profits

>> No.18749584

>>18749569
you can buy them back

>> No.18749604
File: 335 KB, 1892x1080, sketch-1588158339835.png [View same] [iqdb] [saucenao] [google]
18749604

>>18749555
This. Reminder BTC has never pumped on halving. Think of the consequences of hashrate.

>> No.18749630

>>18749604
what the fuck is that chart
is the purpose of your image to induce rage
well then consider me autistic.

>> No.18749644

>>18749630
The Hs standing for 'Halving'

>> No.18749649

>>18749555
>taking profit at the start of the GBR
execrable mongaloud

>> No.18749675

>>18749644
oh yeah we'll now it makes sense now im glad the horizontal time scale is also logarithmic

>> No.18749709

>>18749675
That's not what halving refers to it. It means half the available bitcoins have been bought.

>> No.18749730
File: 215 KB, 360x405, 1504615771277.png [View same] [iqdb] [saucenao] [google]
18749730

>>18749555
based and checked

>> No.18749822

>>18749555
are we at disbelief? im getting hit with green dildos everyday. wtf!

>> No.18749828

>>18749709
That's not what halving refers to it.
do you mean what the halvings [in the image] refer to?

why would you assume that what I was saying was not what you were saying. like what did you think I was saying if not what you were saying?

>> No.18749853

>>18749555
zoom out

>> No.18749935

just bought 300 usd of btc

>> No.18749978

>>18749644
>The Hs standing for 'Halving'
I'm sorry what ? do you even know what the halvening is ?

>> No.18749987

>>18749828
Maybe read a few pages on investopedia then rejoin the conversation.

>>18749978
Also goes for you.

>> No.18750120

>>18749604
Yo went full retard here sonny

>> No.18750127

>>18750120
Then you should be able to explain why.

>> No.18750149

>>18749604
I implore you to read up on what the bitcoin reward halving actually is. Because you have clearly misunderstood.
It happens roughly every 4 years btw. Last one was 2018 and there has been none since.. Literally impossible to have as many as you have put on that graph

>> No.18750217

>>18749555
>taking profits
>when alt season hasn't even begun

>> No.18750228

>>18749604
Also, on hashrate.. It is true people 'may' quit mining, since it is barely profitable at today's price let alone once the rewards are halved.
But I think the reduction will be far lower than anticipated. We may even see no reduction at all, since Antminer S9s are now selling for as low as $25 and impoverished masses are being priced in. With cheap electricity, these areas can mine profitably even with hardware almost half a decade old.

>> No.18750244

To no surprise of mine at all it seems /biz/ has no clue about any of the fundamentals of crypto so I'll oblige:

Bitcoin nodes work somewhat like ISPs, when a bitcoin is bought from a miner it enters into play and now the node has to keep track of it and pings it's web location. The more bitcoins out there the more bandwith is required for this. With Moore's processing law every time the number of actions needed double you'd need double the processing power. This is 1) expensive so the miners charge more for the bitcoin and you get fewer buyers and 2) takes a whole for the nodes to double their server power. So you get a crash EVERY TIME, check the chart.

>> No.18750248

>>18749630
Fucking hell this response made me laugh so hard I was wheezing on the floor gasping for air

>>18749604
Top tier trolling anon I ffucking love this website sometimes

>> No.18750552

>>18749935
woah don't go all in champ

>> No.18750580
File: 20 KB, 214x235, 11BF53E5-10E4-4337-96F8-6A7D862EF550.jpg [View same] [iqdb] [saucenao] [google]
18750580

>>18749604
>five halvenings

>> No.18750610
File: 60 KB, 630x668, A47E798D-7DAC-482D-8249-D8DA696734D8.jpg [View same] [iqdb] [saucenao] [google]
18750610

>>18750244
Based! lel@fresh pasta

>> No.18750650

>>18750244
your first image was quite artful

now whether you're trolling or not the quality of your posts is something like a street on which toilets are worshipped

>> No.18750726

>>18749935
Make sure to survive the end of the month anon.

>> No.18750891

>>18750580
Its when the price halved retard

>> No.18751154

It already broke your meme line OP. Nice FUD thread though.