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

/biz/ - Business & Finance

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19190791 No.19190791 [Reply] [Original]

>> No.19190798
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19190798

>>19190791

>> No.19190812

Because is not profitable to mine anymore.
BTC is kill.

>> No.19190813

halvening

>> No.19190831

hash browns

>> No.19190927

What happens to every other coin when BTC goes down?

>> No.19190955
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19190955

>>19190927
The flippening

>> No.19190958
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19190958

>>19190927
They dump

>> No.19190983

the stiffening is upon us

>> No.19190994
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19190994

>>19190927
The flippening

>> No.19191032

>>19190791
Look at that sweet hashrate supply going lower.
price will skyrocket with demand
holy cow sweet milkers

>> No.19191062

>>19191032
That's not how it works, sweaty. Miners are capitulating, and that means a huge sell off is imminent

>> No.19191308

>>19190791
Wait.. so you knew the answer all along!?!?
>>19191062

>> No.19191331

>>19190798
This chart is FUD. If it went back 2 more weeks you could see that the hash rate has only declined to where it was at the beginning of last month.

>> No.19191333
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19191333

>>19191308
Yes.

>> No.19191360
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19191360

>>19191331
>Real data is FUD

>> No.19191440
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19191440

>>19191333
Based and checked.

>> No.19191493

>>19191331
If this is true, this thread is an example of fake news. The worst part is that OP has done so knowingly, trying to deceive.
Who could be behind such a post? what if OP is trying to stir up a racial conversation by this? Is it /pol/?

>> No.19191511
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19191511

>Born just in time to be invested in ETH/XRP/LINK right before the death of King Shitcoin and the flippening
Bruhs

>> No.19191526

>>19190791
to lower difficulty

>> No.19191570

>>19191493
Fuck niggers
Fuck kikes
Fuck jannie

>> No.19191644

>>19191062

The hash rate is decreasing precisely because they're not capitulating. They're shutting off miners so they can hibernate til it's profitable to sell the BTC they're sitting on.

>> No.19191659
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19191659

>If this is true, this thread is an example of fake news. The worst part is that OP has done so knowingly, trying to deceive.
>Who could be behind such a post? what if OP is trying to stir up a racial conversation by this? Is it /pol/?

>> No.19191682
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19191682

>>19191644
>they're not capitulating; they're just doing the definition of capitulating
We're reaching levels of cope that shouldn't be possible

>> No.19191708

>>19191644
Peak gymnastics.

>> No.19191711

>>19191333
Pretty based to be honest
Also checked

>> No.19191752

>>19191062
Thanks for reply, thought it might be too bold.

>> No.19191824

>>19191682
>hodling is capitulating
the absolute state of nu/biz

>> No.19191850

>>19191824
Turning your rig off is the definition of capitulating, retard

>> No.19191884

>>19191850

we are at april levels again. no need to call it capitulation.

>> No.19191908

>>19191884
>we are at april levels
For now. It is drilling down rapidly.

>> No.19191919

>>19191850
Capitulation is literally selling your position. Hodling is not selling, you fucking nufag retard.

>> No.19191969

>>19191919
Wrong. Also, the drop in the hash rate historically corresponds with the price crashing. Thus, as miners turn their rigs off, they know that they are contributing to the imminent crash, so they would be incentivized to sell their positions ASAP, not after the other miners sell. You never want to be the last to sell in this situation. Brainlet retard newfag.

>> No.19192016

>>19191969
>Wrong.
The only worse than a nufag is a nufag who can't admit when he's wrong.
From investopedia: Capitulation is when investors give up any previous gains in any security or market by selling their positions during periods of declines

>> No.19192054
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19192054

>>19192016
>The only worse than a nufag is a nufag who can't admit when he's wrong.
>From investopedia: Capitulation is when investors give up any previous gains in any security or market by selling their positions during periods of declines

>> No.19192111

>>19192016
>turning off mining rigs is selling

>> No.19192154

>>19192016
That would be miners selling their position. They aren't going to just turn them off as they go out of business, they're going to liquidate the entire business. That's what businesses do, not just miners.

>> No.19192228
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19192228

>>19191644
>Thinks this kind of shit can be allowed for the future of finance
The best incentive? Why, it's no incentive.

>> No.19192299

>>19192054

You’re being super stubborn. They could always switch the coin they are mining from BTC to something else. The hash rate is barely down at all when compared to April. Do you really seriously believe that because the hashrate has gone down 20% from a local high that we are in capitulation territory?

>> No.19192333
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19192333

>>19192299
>Do you really seriously believe that because the hashrate has gone down 20% from a local high that we are in capitulation territory?
Yes. The pain is just beginning.

>> No.19192643

>>19192299
All miner revenue just got cut in half. Most businesses can't take a 50% haircut and live.

>> No.19192785

>>19192333
A friend of mine invested in a btc mining startup couple years ago, filled a house with rigs. They projected running up until the halvening, paying back investors in that timeframe etc. Then they said they would evaluate, maybe see what new asics were on the market and such. Anyway, could it be that there were a bunch of mining projects like that, which were projected to run until about now?