Things are apparently about to get really nasty

[Anonymous No.57576124]

Just saw a newfag from plebbit using the "miner cost" cope-argument for why BTC is not going down. Remember that one, the "but muh miners" argument? Yeah. A real classic. BTC would never go below 6k because muh miners.

Seeing that very same cope-argument being used yet again... Holy shit. Huge sell signal. They're now using "muh miners" for why BTC can't drop sub 20k, and even saying it's soon impossible for it to drop sub 35k.

Here are some hilarious examples from 2018.

[Anonymous No.57576128]

>>57576124

[Anonymous No.57576133]

>>57576128

[Anonymous No.57576136]

>>57576124
this time is different

[Anonymous No.57576138]

>>57576136

[Anonymous No.57576145]

>>57576133

[Anonymous No.57576154]

>>57576145

[Anonymous No.57576159]

>>57576154

[Anonymous No.57576166]

>>57576159

[Anonymous No.57576173]

Take meds

[Anonymous No.57576174]

>>57576166

[Anonymous No.57576181]

>>57576174

[Anonymous No.57576183]

place and post your shorts then

[Anonymous No.57576186]

>>57576181

[Anonymous No.57576196]

>>57576183
Nothing is stopping BTC from dropping sub 20k and nothing is stopping it from pumping above 50k. The "muh miners" cope-argument is sheer nonsense at the end of the day regardless of whether BTC goes up or down from here, and it's only ever used by newfags and plebbitors.

[sage No.57576198]

All your posts are from 2018. From a specific folder you have to post them. How organic.

[Anonymous No.57576206]

>>57576124
Miner cost cope anon here, ill copy paste my answer:

>>57576031
>has no reading comprehension
The situation is different from 2017,as the miners required less resources and income to run in profit.
It is not different as they will go bankrupt if they don't make money from mining, and that line of zero profit is around 17-18k.
If miners die, someone will more money will buy them out and centralise them opening up a 51% attack vector.
It's that simple dimwit

Also nigger look at this post
>>57576006
This is the only pics you need to post, everything else is cope.

I'll add also, the price will never go under 35k ever again, as that's what mining cost basis will become in April.

Also the main reason bitcoin won't dump isn't the miners, that wasn't the topic you dishonest scum, simply we're in a bull run, nothing more simple than that,and the numbers reflect that.
>he uses biz as social metric
Look i can do it too, mongoloid

[Anonymous No.57576207]

>>57576198
>All your posts are from 2018
Ehhm, yeah, that was precisely the point. Missed the part of the OP tect that went: "Here are some hilarious examples from 2018." ?

[sage No.57576209]

>>57576196
>Nothing is stopping BTC from dropping sub 20k
kek I was thinking today Bobos went from 10k is programmed to "please 12k". New target is 20k now? Will you consneed a goal post shift has occured here?

[Anonymous No.57576213]

>>57576209
Mentioned "20k" as the newfags are specifically saying sub 20k is impossible due to "muh miners".

[sage No.57576216]

>>57576207
But you are missing the part that shows right now is equal to back then. You're just spamming irrelevant nonsense.

[Anonymous No.57576219]

>this sidelined "BTC IS GOING TO 10K BECAUSE /biz/ SAID SO" bobo still spam coping for months now
lmao

BTC was at 15K and now it's at 48K, even if BTC goes to zero tomorrow morning you're still a colossal coping retard for missing this entire move

[Anonymous No.57576231]

>>57576216
I spammed hilarious examples of newfags using a nonsensical argument.

[Anonymous No.57576234]

insufferable clown twat

[Anonymous No.57576236]

>>57576231
From today?
I'll admit you might be right solely because of the fact that my id an unfortunate series of letters

[Anonymous No.57576238]

>>57576231
You're just dumb, or trying to fud people out of buying the parabolic move

[Anonymous No.57576245]

>>57576236
Again, you missed the part of the OP text that went "Here are some hilarious examples from 2018." -- The entire goal of the thread was to post those hilarious posts, as it brings back a lot of fun /biz/ memories.

[Anonymous No.57576259]

>>57576236
In addition to missing the part that goes "Here are some hilarious examples from 2018." you also apparently missed the part that went "Remember that one - Yeah. A real classic".

If you weren't here back then, then of course you wouldn't find them entertaining to look at now. That's perfectly understandable.

[Anonymous No.57576262]

>>57576124
Mining difficulty will just servo to some value that's profitable.

[Anonymous No.57576280]

>>57576245
>>57576259
>Things are apparently about to get really nasty
IN BOLD

[Anonymous No.57576295]

>>57576124
I remember. It was THE go to cope used for MONTHS and months during that insane crabbing around 8k-6k.

[Anonymous No.57576468]

>>57576206
>The situation is different from 2017
Nobody has said anything ITT about 2017. This thread is about people who used the miner cope in 2018 as a justification for why Bitcoin couldn't fall under $6000. So you might've meant 2018. Typos aside, your problem is that in 2018 people were using that exact same argument as you are now using; that the situation is different. People said in 2018 that the situation is different now compared to years ago, that years ago miners required less to stay in profit.

So not only are you today using the same tired old miner cope from 2018 to argue Bitcoin isn't falling under some specific price, but you're also using the same tired old backup cope of things now being different due to mining requiring more power.

[Anonymous No.57576493]

>>57576468
Bitcoin isn't falling because we're in a bull market
Third time i say it, eat shit fud shill

[Anonymous No.57576509]

>>57576124
>saw a newfag from plebbit
These a screenshots from 4chan though.

[Anonymous No.57576516]

>>57576196
>Nothing is stopping BTC from dropping sub 20k
Big Black Cock will stop it.

[Anonymous No.57576527]

Why do I have the same feeling from OP as the guy that cherry picked /biz/ bear posts of sub 10k prediction. He would post archived /biz/ threads about bears saying it would go to sub 10k so it must be true. I think my schizo brain is kicking in but the same cherry picking argument is here and it smells the same

[Anonymous No.57576531]

>>57576213
You're the newfag and you sound stressed. Are you being short sqeezed anon? You should close your short now before you lose more money.

[Anonymous No.57576569]

>>57576468
It's all so repetitive and tiresome. Newfags never (not in 2018, not in 2024) understand mining difficulty adjusts itself as the price drops. It's not set in stone. Difficulty scales down hence the energy required is reduced. The lower the price falls, the more miners leave the pool. So the block is distributed amongst a lower number of miners so their profits are higher. The cost to mine adjusts itself after the price. They just hear "mining cost is at this or that price and that means btc can't go under this or that number" and parrot that narrative without having any understanding.

[Anonymous No.57576662]

>>57576516
>institutions will ensure the price pumps to 200k in 2021
>institutions will prevent a bear market from happening
>institutions are in now so crashes won't happen
etc etc ad infinitum

[Anonymous No.57576719]

>>57576124
I don't understand how miners is even part of the argument? The new bitcoins going into circulation is barely a fraction of the total supply, who gives a shit if they don't want to sell?

[Anonymous No.57576745]

>>57576516
Eh institutions are the exact reason the price will drive down, to take dumb money and shake out dumb emotional traders before pumping price to ATHs

[Anonymous No.57576760]

>>57576745
bruh im not reading all that text i'm too busy driving around in my honey badger themed limo and enjoying my honey badger sized dick to look at whatever dumb faggot crap you've been saying

[Anonymous No.57576768]

[Anonymous No.57576841]

>>57576768
This guy gets it, now that same pattern will repeat on a larger scale, bouncing back up to 50-60k before going all the way down

[Anonymous No.57576892]

Correct me if I’m wrong but isn’t the the production cost for most miners right now around 42k? If that’s the case, miners will start selling in this rally to cover cost and protect themselves heading into the halving. This is why I think we’re headed back to the 30k’s over the next few months, miners have to experience some pain surrounding the halving before the real rally starts

[Anonymous No.57576980]

Is anyone holding mining stocks? I think its easier to get rich from this than BTC because with BTC you need to time the perfect top for a lame 3x, but with miners you have more margin

[Anonymous No.57577007]

>>57576124
>plebbit
you should talk about that on plebchan.eth.limo
it has a new biz board
P2P shitposting that is actually P2P because it has no https endpoints unlike federated social medias which are centralized.

[Anonymous No.57577008]

>>57576980
I bought Bitfarms back in Dec 2022 on a whim and got over 500% gains… wtf

[Anonymous No.57577090]

>>57576124
>>57576128
>>57576133
>>57576145
>>57576154
>>57576159
>>57576166
>>57576174
>>57576181
>>57576186
>>57576196
>>57576207
>>57576213
>>57576231
>>57576245
>>57576259

1. we already passed the "2018" part of the cycle, meaning, the crash following the ATH of 69k
it was a dump to 15k
2022 and early of 2023 as bottom

2. in 2018 we had a capitulation to 5k, but the bcash vs bsv mining wars took place, they dumped most of their BTC in this specific event in a fight for the BCH ticker
unless you have something of the same relative magnitude, things will not just happen because "it's the cycle"
you need a large sell volume to make lows

and there is no "miner bottom"
you can turn machines off to stay on par with profitability, and in turn the difficulty will come down, lowering your costs
miners do not decide price alone

[Anonymous No.57577268]

>>57576206
>situation now is different because miners required less resources in the past
Retard. That's always the case.
>today miners will go bankrupt at a certain price
Same thing was said in 2018 by all the anons who had just gotten into crypto. And guess what happened? BTC went under that certain price.

[Anonymous No.57577280]

>>57576662
Institutions will be the bag holders in the end.

[Anonymous No.57577340]

>>57576206
did e everyone make it or something why traffic here is so low?

[Anonymous No.57577351]

>>57576206
>the price will never go under 35k ever again, as that's what mining cost basis will become in April.
Doesn't work that way. Mining cost does not dictate what price Bitcoin can go under. And the cost would fall anyway. Your entire post reeks of newfaggotry.