/biz/ - Business & Finance

[Anonymous No.49901796]

>newfags are unaware about the concept of 'miners capitulation' and its implications in a bear market

[Anonymous No.49901990]

>>49901796
New fag here what does the concept mean?

[Anonymous No.49902149]

>>49901990
i dont know

[Anonymous No.49902166]

> miners are just gonna sell everything they own bro

[Anonymous No.49902179]

>>49901990
It means buy now and buy as much as you can now. The miners are giving it away.

[Anonymous No.49902203]

>>49902179
this

[Anonymous No.49902235]

>>49901796
finna dca every week for the next 2 years

[Anonymous No.49902247]

>>49902179
What am I buying for tho?

[Anonymous No.49902292]

stop telling them

[Anonymous No.49902439]

>>49902247
Right now? You'd be buying for 20k-ish per coin

[Anonymous No.49902462]

>>49902235
do it bro, buy my bags before they are worthless

[Anonymous No.49902616]

Idiots, it means that it will lead to further price drop which puts even more sell pressure on the miners and leads to a sell off cascade. Surging electricity prices, stricter regulations, etc., almost everything is going against them. Wonder when will this whole thing turn into a "who dumps their deflating bags on the others faster" game so they can get out in time before it collapses.

[Anonymous No.49902655]

>>49902616
nope miners know that the bottom is 20k. Why would you sell low and buy higher in a few months are you trolling?

[Anonymous No.49902710]

>>49902655
>miners know
No one *knows*.
If more players get crushed like Luna, or Celsius actually bites the dust as it should guess what. Then comes along miner capitulation which is FORCED, as they must sell or fucking die. It all spirals out of control, because somehow even the big players are leveraged fucktards.

[Anonymous No.49902734]

>>49902710
>as they must sell or fucking die
Or they just turn of there miners and hold

[Anonymous No.49902757]

>>49902616
you're actually retarded, miner capitulation has marked the bottom of every single bear markey

[Anonymous No.49902758]

Miners dont matter. BTC will go to 100k by EOY. Simple as

[Anonymous No.49902779]

>>49902616
Finally a real answer, thanks anon. I think the "who dumps faster" phase has started but is not in full swing.

[Anonymous No.49902815]

>>49902757
its peak has marked. we are just getting started.

[Anonymous No.49902850]

>>49902655
>>49902757
All joking aside. The miner capitulation in 2018 occured 4 weeks before the drop from 6k to 3k began.
The miner capitulation this time began 2 weeks ago on June 7th.

Is the worst behind us? Maybe, but most likely not

[Anonymous No.49902878]

Anybody who says that they know where the bottom is are talking out of their asses. Nobody knows, you can only speculate. And I'm not saying either that what I wrote will happen, I'm just saying that it is a possible risk and there have been a lot of red flags lately that point this way. You don't have to believe me, just read the news, google is your friend.

[Anonymous No.49902887]

>>49902734
Can't turn off a miners and "hold" when you're in debt because you bought said miners at all time highs. You either liquidate your assets (miners) or wait and watch them depreciate in value as you get further into debt because you have no mining income. Death spiral.

[Anonymous No.49902909]

ASIC mining and GPU mining was a mistake.

CPU mining chads rise up.

[Anonymous No.49902913]

>>49902734
>just stop generating revenue bro
>chill jp morgan we're hodling, 1mil soon

large scale miners will capitulate and sell their assets for what they can get, or the banks that loaned them the money to buy those assets will do it for them.

[Anonymous No.49902934]

>>49902878
This your news source?

[Anonymous No.49902947]

>>49902734
>Or they just turn of there miners and hold
Yes.
They will turn them off.
Borrow money.
Hold.
Pray.
But for how long can they do it? They have operating costs nonetheless. Bills to pay. Interests to pay. You think they aren't leveraged like all the rest?
They're almost all retarded like Luna, Celsius and Co.

[Anonymous No.49903073]

>>49902934
How does this ugly fat gook have a following? At least Marlena's hot. This dude's got unpleasant moobs, Kim Jong Un lips, and a JUST hairline.

[Anonymous No.49903078]

>>49902934
Come on, we both know that crypto influencers like this baboon is full of shit. Read this article instead:
https://blockworks.co/crashing-prices-expose-bitcoin-mining-industrys-addiction-to-leverage/

[Anonymous No.49903101]

>>49902887
>>49902913
>>49902947
Yeh im sure all the miners are so poor after the last ATH

[Anonymous No.49903225]

Anyone who created a business around mining and went all in is a fucking retard. Unless they don't pay for electricity (ha)

[Anonymous No.49903243]

>>49903073
as a straight man i typically don't care about the sexual attractiveness of the man sourcing information. his only problem is that he's a clueless retard who's only insight into crypto is being a blind perma-bull and will only go bearish on an asset when it goes -99% in a day (luna, lol)

[Anonymous No.49903282]

>>49903101
Could say the same about Luna (RIP) or Celsius (nearly RIP) or Coinbase (large layoffs)

[Anonymous No.49903321]

>>49903282
They are not miners tho they are rug pulls

[Anonymous No.49904238]

>>49902934
I fucking bought based on this fat chink outlook. I'm so stupid please kill me

[Anonymous No.49904324]

Miners should have already capitulated all their BTC at the top, they only hold around the time of the halving to tide over the supply shock and that was literally two years ago.

For anyone else left badly positioned, the only thing they have left to capitulate is their hardware.

[Anonymous No.49904343]

>>49902850
>The miner capitulation this time began 2 weeks ago on June 7th.
>Is the worst behind us? Maybe, but most likely not
So the smartest thing is to DCA our slurping stack these coming two weeks?

[Anonymous No.49904361]

>>49902758
Clearly node operators are the true heroes of the network.

[Anonymous No.49904434]

>>49902909
does anyone really mine monero on a large scale, it doesn't seem profitable

[Anonymous No.49904463]

>>49903101
>sit on tens of millions of dollars of assets burning tens or hundreds of thousands cash every month on space, electricity, interest, while the Fed pivots, energy prices skyrocket, and the global economy threatens instability
>also, even if you hodl, you might just default because everyone else gets shook out and you can no longer afford your premiums when your collateral gets depreciated by everyone else leaving
>oh and it might be years before another bullrun

Or

>be the first one out the door and lock in profits

[Anonymous No.49904529]

>>49904434

That's because it is not

[Anonymous No.49904738]

>>49901796
Great, 20% of my income is going into crypto until the next bull market starts. Feel free to keep the discounts coming.

[Anonymous No.49904772]

>>49902655
If the miners thought the bottom was 20k, they wouldn't be selling at those prices.

[Anonymous No.49904811]

>>49904772
Also, what does this even mean? Are 100% of miners selling, or have only some miners sold a large portion, skewing the average.

[Anonymous No.49904841]

>>49904811
>what does this even mean?
BTC 2k EOY

[Anonymous No.49904905]

>>49904841
It could just mean that some miners are priced out and are closing up shop.

[Anonymous No.49904925]

>>49904841
Or they are selling at cost and trying to stay afloat while the price is low.

[Anonymous No.49904961]

>>49904434
It's not
Miners are basically only doing to ensure their drug money remains usable

[Anonymous No.49905109]

>>49904925
>>49904905
it means they have no faith in BTC and are abandoning it

[Anonymous No.49905154]

>>49905109
It doesn't mean that.

[Anonymous No.49905323]

>>49905154
Keep coping, buddy, I'm sure faith will change reality

[Anonymous No.49905539]

>>49905323
Your comment is beyond hilarious to me for several reasons. Every single word you spewed is incorrect. You hit the trifecta of failure. And that is a remarkable accomplishment in itself.

[Anonymous No.49906860]

>>49903321
You're just making up reasons now, they're all more or less the same. I don't think either meant to die in such a fashion, it brings the lawmaker to your doorstep, so it's not really in their interest if they are "rugpulls" (which is not how they died)
>>49904361
kek

[Anonymous No.49906937]

>>49904772
>>49902616
>>49902878
>>49903078
Pic very related.

[Anonymous No.49906947]

>>49905539
sure sure buddy
line will go up again someday