BTC is going down...

[Anonymous No.19030946]

Imagine buying into a waterfall formation.

5k soon

[Anonymous No.19030962]

>>19030946
>5k soon
Way, way lower. We most likely retest the 3k very soon.

[Anonymous No.19031841]

>>19030946
Shouldn't we expect a sort of heat death of the Bitcoin? Doesn't it require a Bitcoin to be mined for someone to make a transaction with Bitcoin? If the price is low enough, some people will stop mining, which makes transactions more costly and slower, which makes Bitcoin less valuable practically. Eventually, if the price stays low enough long enough, no one mines at all and Bitcoin is worthless. But for the price to rise, you need people willing to buy Bitcoin from the miners, and the longer Bitcoin stays low the less likely people will be willing to pay higher prices. So aren't we headed pretty immediately for a time when zero Bitcoin is mined, zero Bitcoin transactions occur, and Bitcoin is utterly worthless, as in $0.000000000000000000?

[Anonymous No.19031866]

>>19030946
Can you Feel it

[Anonymous No.19031869]

>>19030946
>>19030962
>>19031841
imagine thinking these 3 retards have it figured out

[Anonymous No.19031877]

>>19031841
yup thats exactly what will happen. You better market sell all your bitcoins now before it's too late.

[Anonymous No.19031904]

>>19031869
I have 17 btc and there is nothing that can happen to make me sell even 1 of them. And these retards on biz trading their 500$ blockfolios

[Anonymous No.19031906]

>>19031869
>>19031877
I have 0 Bitcoin because it's a Ponzi scheme, and one way or another, it'll drop to $0 at some point. Set me straight on how mining costs don't kill it quickly, though.

[Anonymous No.19031927]

>>19031906
do your own research buddy i'm not spoon-feeding you. Now is the time to buy and hold

[Anonymous No.19031945]

>>19031904
Do you have children? If you neither bequeath them to children for them to sell nor sell them to buy something useful, then they are in fact worth nothing.

[Anonymous No.19031961]

>>19031927
You suck at conning people. You're supposed to be blathering on at length about how this Ponzi scheme isn't really a Ponzi scheme and has all kinds of Rube Goldberg mechanisms imparting it value to get people to buy your Bitcoin before the inevitable crash.

[Anonymous No.19031974]

>>19031961
It's because he's from Retarddit

[Anonymous No.19031977]

>>19031945
I mean I obviously will sell them when animals come back into the market and pump it to ungodly levels, then ill rebuy 10x more on the next bear

[Anonymous No.19032049]

>>19031869
>>19031877
>>19031904
>>19031927
A million workers around the world toil to pay me dividends. Some day I'll use the dividends to buy things, and I'll leave the stock shares to my children, who will collect the dividends and buy useful things with them. You can't tell a similar story. You can only say that you spent hours every day chanting to yourself that some day Bitcoin would moon until it dropped to $0.

But please enlighten me on why it isn't obvious that Bitcoin grinds to a halt when no one can be found willing to mine after adequate new money fails to materialize at some point. Maybe the cost of mining can be reduced at will to as near to $0 as necessary to keep transactions rolling at literally any price? I thought the crypto bullshit kept getting harder because some primes kept getting larger or some shit, but that's based on not giving a shit about a Ponzi scheme and could well be wrong.

[Anonymous No.19032092]

>>19032049
its really hard to get out of the BTC maximalist mindset it took me a long time to figure out you have to diversify

[Anonymous No.19032111]

>>19032049
you dont deserve to be educated because you didnt bother to put in the basic research into btc, but there is a thing called difficulty adjustment, if it becomes unprofitable for big companies to mine then difficulty will go down and regular users will mine again.The difference between us is that I dont care if you buy btc, stick to your stocks then and best of luck.

[Anonymous No.19032122]

>>19032049
BTC maximalism is literally a religion I'm not kidding

[Anonymous No.19032125]

>>19032049

If the price of bitcoin drops, miners drop out, mining equipment gets less expensive, new miners get in, hash rate goes up, price goes up, rinse and repeat.

[Anonymous No.19032141]

>>19030962
This

[Anonymous No.19032158]

>>19032125
Price only goes up if people will buy at that price. Just because cost to mine per Bitcoin goes up doesn't mean price will. Is there no floor on the cost to mine a Bitcoin? Can it drop to $0.01, for example?

[Anonymous No.19032159]

>>19032141
Bitcoin is traded 24/7, it has no gaps

[Anonymous No.19032182]

>>19032159
CME bitcoin futures, retard. Have you been living under a rock?

[Anonymous No.19032194]

>>19032182

>MUH GAAAAAPSSSS

[Anonymous No.19032206]

>>19032122
It's not just Bitcoin. Fundamentally, for all crypto, we're talking about people paying a higher price for something from someone who paid a lower price and expecting someone else to come along and pay a still higher price, perpetually. When we expect that of stocks it's based on rising earnings. Maybe revenue flattens and the company starts bumping up dividends since they have nothing else to do with the money. With crypto it's 100% based on being able to suck new blood forever. Totally irrational (unless you're one of the ones who perceives himself as scamming others, in which case there's a degree of rationality to it).

[Anonymous No.19032268]

>>19032158

Again, the price to mine is related to the price of btc itself. if the price to mine goes down enough, more miners jump in, which actually is good for the network and improves it's security. Keep in mind, Bitcoin is the most secure network to ever exist, that in an of itself is very valuable, sources of truth are very, very valuable.

[Anonymous No.19032381]

>>19032268
Is there a floor on the cost to mine?

[Anonymous No.19032387]

I lost faith that it will ever hit 1 trillion market cap and 70% dominance but I still hold a couple
theres no reason other projects couldn't adopted over it

[Anonymous No.19032428]

>>19032206
yup exactly and im convinced the prices are almost completely rigged im sure theres some sentiment involved but im not trolling this rich guy I know told me he pays 11k a year to get text notification when its its getting dumped cuz some canadian dude holds so much he can crash the price on most exchanges in collaboration with some other people,

[Anonymous No.19032485]

>>19032141
Pathetic gap. Essentially not one. Btc will hit 3000 or under anyway.

[Anonymous No.19032532]

>>19032381
Wow, no one wants to answer a simple yes or no question (ideally accompanied by a single integer to elaborate). I know what keeps crypto scammers up at night.

[Anonymous No.19032563]

>>19032532
Stick to your stocks faggot, nobody here wants to spoon feed you shit.

[Anonymous No.19032573]

>>19032268

You are a bit stupid and retarded. It is ok, a new normal.

How the fuck the cost of mining could go down when difficulty is constantly increasing?

Oh, yes, cheaper hardware and cheaper power? But hardware is already peaked and power will never be cheap.

Now what, nigger?

[Anonymous No.19032599]

>>19032573
bitcoin maximalists who only hold BTC deserve to be poor for not hedging risk that being said im sure this isn't the end for it yet if it hits 30k I might sell one

[Anonymous No.19032611]

>>19032485
>Essentially not one.
Wrong. Trading bots "see" in black and white. It's 100% gap to the trading bots that run this market. 4chan autists can argue about it all day, but it's still a genuine gap, regardless of size. It will fill.

[Anonymous No.19032615]

>>19032599
I still religiously hold them lmao even though majority of my money was made from other projects

[Anonymous No.19032625]

>>19030946
OH NO A SELL OFF

> Best buy signal ever

[Anonymous No.19032642]

>>19032573
Power certainly has the opportunity of getting cheaper down the road. What about solar power systems...running at optimal efficiency and the newest tech I don’t doubt power will be significantly cheaper in 5-10 years time. I’m not arguing on a pro bitcoin stance but more that power will most likely get cheaper in future due to tech and innovation.

[Anonymous No.19032653]

>>19032625
Catch the falling knife, faggot lmao

[Anonymous No.19032656]

>>19032573
The idea of power never being cheaper is an ignorant statement.

[Anonymous No.19032676]

>>19032532
Depends on where you’re located. It’s looking like the floor is between 4.5k and 6.5k depending on what county or what part of the country you’re located in....as well as what equipment you are using to mine said coins.

[Anonymous No.19032690]

>>19032532
China on the lower end and US on the higher end.

[Anonymous No.19032692]

>>19031841
>some people will stop mining, which makes transactions more costly and slower
That is absolutely not the case retard, ever heard of difficulty adjustment? I am short term bearish because the halving always causes a dump but long term you are totally wrong

[Anonymous No.19032731]

>>19032573
>when difficulty is constantly increasing
Difficulty will decrease if mining becomes unprofitable, you absolute spastic tard

[Anonymous No.19032798]

>>19032692
>>19032731
So . . . is there a floor on mining costs? If so, what's a ballpark estimate for the floor? (For example, could mining costs drop to $0.01 per Bitcoin?)

[Anonymous No.19032812]

>>19032798
Electricity prices

[Anonymous No.19032874]

>>19032812
Sure, but I can calculate 1+1 for less than $0.01 in electricity prices, so that's an incomplete answer. If electricity prices stayed the same, approximately how low could the cost to mine 1 Bitcoin drop by making the math easier or whatever?

[Anonymous No.19032887]

>>19032798

Like 7 grand

[Anonymous No.19032957]

>>19032887
$7000 is a huge number. It's very easy to imagine Bitcoin staying below $7000 long enough that literally every miner quits permanently.

[Anonymous No.19033076]

>>19032957
Ffs
This is how it works fuckhead
Miners share the chance of mining a new block. If there are more miners the chance of mining the next block decreases. If mining is unprofitable the number of miners will decrease. Thus the chance of discovering a new block and getting paid bitcoins you can sell increases. Thus the profitability of mining increases.
JUST LIKE EVERY OTHER MARKET BALANCED BY SUPPLY AND DEMAND
IT'S A SELF CORRECTING EQUILIBRIUM
NOW FUCK OFF

[Anonymous No.19033089]

>>19032874
Yes

[Anonymous No.19033111]

>>19032874
There is theoretically no floor, but realistically, you'd need to run a CPU for 10 minutes to mine a Bitcoin block at the easiest level. It will take a while to get there, though (adjustment happens over many blocks, it's not instant).

[Anonymous No.19033136]

>>19033076
>>19033111
That's sad, actually. It means some of you will still be HODLing near zero and will never move on with your lives and hopes and dreams (supposing you don't kill yourselves).

[Anonymous No.19033174]

>>19031841
>$0.000000000000000000
Are you sure we’re not headed for $0.0000000000000000000000000000 instead?

[Anonymous No.19033204]

>>19033174
Once it hits 0.0000000000000001 i have my orders in place so i can buy the whole btc market. It will be glorious

[Anonymous No.19033213]

>>19033174
No, there will always be some retard mining just above zero. Think of the retro game collectors and all that sort of bullshit. Some faggot will be like, "Hey, look at me, I'm the Bitcoin guy! I still mine Bitcoin even though it's worthless. I'll sell one to you for a dollar so you can tell everyone you have a Bitcoin like the Bitcoin guy!"

[Anonymous No.19033238]

>>19031866
nah
yeah

[Anonymous No.19034351]

>>19032428
How much does that canadian guy hold?

[Anonymous No.19034643]

>>19032159
That's the joke