When the chart is "accurate" if the price stays between 18k and 323k, it's like betting that in a basketball match there will be between 30 and 500 points...
Besides, despite the logarithmic values going it such margins it has already failed twice, so it can do so tomorrow, it's just a drawing, if everything in the world could be predicted as such we wouldn't have "speculation".


There are quite a few waiting for the 15k, that might be the last fire sale as if we go below is going to be a blood sell.
Already all the charts all the never below ATH, never done that and this and that has been broken in this bear market, but if we go that deep it's going to be painful, really really painful.

So, since when is a dumb person considered physically challenged? 


¹Is this supposed to be a pun?


Then you phrased it wrong, as an exemption would be the opposite in this situation, although I can't picture how an exemption would work when there is no obligation or mandate in the first place, so what are we talking about?


It's called a physical disability, and despite what some might think there are a lot of persons with such actively working, not on apr with persons without but still pretty high:

Let's add mere frosting to the cake: CSE: HODL 
So they've managed to somehow be the leaders in some hype that actually never materialized, as the leaders in interplanetary colonization.

I wonder if they bought Chia at over 1000 (now 40)


This comes from the "leaders" of whatever!
Anyhow, this was expected, as it gains traction and more and more business starts popping around we're going to experience the same flaws, the same liquidations, and the same bankruptcy as in every traditional market, bitcoin is money, bitcoin is value, these can't increase forever at those rates just because it happened before for some rainbow charts tell you so.

Wow, what an interesting thread, one line, and that's all, so much effort, but let's give it a try!

Yup, just stay away from a certain vendor who is right now spamming all the forum with tens of accounts about their shop!
Let's see you're going to wait half an hour and then edit your post and add the links?

While I do have all respect for Cannan and their previous Avalons the way you "promote" your business here is really really annoying!

Indeed genius move...
I wonder if your government would seize your Bitcoins, decide one is worth 10 000 dollars and convert 80% into some useless currency like a rupiah or a rial, would you still cheer this genius move that will help all their locals and their economy?

It doesn't matter how strong the ruble is on paper, in reality, nobody gives a damn about that, look at car prices in Russia every single one of them is two to three times more expensive as everyone knows that's not the real rate, it's the artificial methods of keeping a currency afloat that has driven a lot of people to bitcoin and you're here preaching about capital control and assets seizures?


Sanctions need time to bite, everyone was saying how sanctions don't work as Iran is doing...great 



50% inflation, 80% in poverty, 20-30% drop in food purchases as they can't afford even carrots. Wait for it, it will be worse than the crash the USSR went through.

No, it's not like that.
Some really mistake the consumption a powerful video card has just because they are always compared with ASICs.
A video card that draws 250W will burn 6 kwh each day,  180kwh a month, more than what bakasabo consumes normally.

To put it as easy to understand, if you have 250W solar panels and 6 hours of peak sun on average you will need 4 of those panels and batteries to power continuously one 250W card. 200 videocards would consume 1200 kwh each day, needing at least 800 panels and batteries able to store at least 3/4 of those, around 900 kwh, so about 60 Tesla powerwalls..

Something interesting in that scan, one of their facilities has failed to make any payments after February 1st. That's
- before the invasion of Ukraine and sanctions hitting
- the price was averaging 40k with 26T difficulty, so at least twice the revenue

If they've started losing money and were unable to pay in those conditions, what were they thinking in the first place?

Meanwhile:
https://www.coindesk.com/business/2022/06/28/compass-mining-ceo-and-cfo-resign-amid-setbacks-and-disappointments/


I know too well what this statement means, that you should grab every office supply you can get your hand on and run as you won't see any more paychecks from the "restructured" entity.

What would be a bigger loss for you, lose 430k from your 60k in your bank account or lose 4  out of the 5 1euro coins in your pocket when you rushed to catch the buss? The first is a 50% loss the other is an 80%, but I have a feeling you're going to waste more time on trying to get those 30k back than searching for those 4 coins..

I've said it before, how much value has the $32 to $2 crash wiped out? 7 million coins in circulation, that's 200 million? Compared to

It's not fud it's TYDL, aka things you don't like, which doesn't mean it's not true.
The whole FUD thing is so yesterday, every single thing that is a negative for bitcoin is FUD, get used to it, nothing can go only from good to better without problems, and nothing is perfect!

It's not that simple.
Iceland can do this because it sits in the perfect place and has an enormous population of 300 000 people.
All the renewables in Ireland produce 22Thw a year, from 775 MW geothermal capacity, the US has 3,567 MW installed.

What works on a small scale won't be able to function once you use it for large countries, you will need 100 times the entire production capacity of Iceland to keep lights running in Germany for example. Or a better example, Salvador has a potential or 644 MW of geothermal energy, all the potential energy explored won't cover even 60% of the consumption.

My bad, I saw the first line which mentioned when to buy, and coming from another speculation thread with the same moving average I thought it was about the price hitting those, not the hashrate. Of course, for this he is quite right, the hashrate is far more linear than the price and far more unidirectional, if the shorter term period is lower than the longer one it's obviously a downtrend.
But again, it doesn't mean much, a single huge farm going through a period of refining or maintenance could be the cause for half of those 1% swings.


Yeah right, like everyone wants to pay millions for batteries and going solar rather than pay 2cents per kWh for coal-generated energy.
That's why we have tens of farms on coal and gas and a big zero on full solar not grid-tied, so no, no majority has done anything like this.

You're mixing power and energy.
You're spending 5kwh each day, not kw, and solar panels don't come in kwh they come in more likely watts alone.
If you have 4x250 watts panels (1kw), and you have 4 hours of sunshine you will produce 4kwh of power that day.

So basically you will need 5 panels for your consumption.


That's power, a 5KW system will produce 5kwh each hour.


If you consume 150kwh a month, I highly doubt your bill is just 40 euros right now in Germany, no fricking way you're getting 25cents per kWh with all vat and taxes and monthly fees, E.On already charges 44 cents per kWh in Hannover, I can tell you this from a May bill my co-worker received.

Nope, I sold only 10% of my mined coins in May.  

LE:
~
Removing this as I was mistaken it with the price, my bad, the second part stays.

The only indicator you have is the hashrate and the difficulty:
https://www.bitrawr.com/difficulty-estimator
The last adjustment was -2.3548%, current estimation is between -2.3096% and -1.2486%,  the swings are on the same levels as March.


Triple nope!
Bitcoin mining is not some unilateral production where the cost is the same for everyone and you have offer and demand.
The moment somebody drops out of mining the revenue of the others is growing, without further costs, mining will never be unprofitable for everyone!
Even at 10k or 5k, there will still be miners making a profit even at those levels.

Fourth:
Profitability hasn't reached yet bottom, lowest was 6.5 cents per Th/s back in 2020, viabtc is showing right now 8.8 cents Th/s not even mentioning the difference in efficiency between mining gear generations thus lower consumption per Th/s.

Because it doesn't offer anything else other that the volcanic city mirage and because people know how unstable that region is, what happens if Buekele is out next year? It doesn't offer the assurance of continuity like Europe, and also it's not a rich country, manufacturing won't have any advantage, with finances it still lacks connections to other centers, Buekle had to first fix thousands of problems and then ask investors to come.
Malta, Gibraltar, and Singapore are different, they already have everything set in place, it was easy for them to tell bitcoiners to set up camp there.

If adopting bitcoin as legal tender would have solved everything and made everyone rich we would have seen a different world by now.


Poverty won't be reduced magically..
For that 15% in your case, somebody has to come up with the money to rise the price of bitcoin to a level where the 15% will be in a huge profit.

If we speak of a country alone, that has 10 000 bitcoins and there are no inflows or outflows of BTC from other countries, nothing will change internally, some wills ell to others from 2k to 10k to 100k, and the amount of money and wealth will still be the same. If you buy BTC at 20k you give someone 20k, you sell at a profit at 100k somebody gives you 100k from his wallet, in both scenarios the three of you have just like in the beginning, 1 BTC and $120k, nothing has changed.

Isn't it lovely how you compare two prices one in dollars and one in pounds and you draw conclusions?

Let's do it properly:
Barrel of oil in 2008 120$, 1 GBP=2 USD , meaning one barrel of oil was 60 £
A barrel of oil is now 110$, 1 GBP= 1.2242 $, making one barrel of oil worth 90£

That makes an increase in £ for the barrel of oil 50%.

You yourself have said that the price was stable at £1.30, let's put 50%, you get £1.95, which is the current price...

You see, no conspiracy, simple math and logic, available in every elementary school from an early age!

Not at all, and it's in the article also, it's not a bailout it's a garage sale, not a helping hand but a pack of hyenas roaming around.



If we take May the 1st, then those assets, considering other coins have ump harder than bitcoin are only 6 billion, 2 billion losses for investors bets case scenario, worse maybe 4-5. If the assets were valued at 12B in middle may then maybe they will not go bankrupt at all, with only a few hundred million that they can solve by creating a new scheme, as it's the norma when it comes to them.

Hopefully, they have enough money to pay back the ones that lend them coins, it's really an ugly situation.

If miners stop mining Bitcoin stops!

There will be no blocks mined, no transactions getting confirmed no nothing!
Again, as mentioned in this thread 4 times already, if all miners completely stop mining all your coins are useless since they can't be moved anymore, there will be no adaption cause there won't be any possible usage anymore.

There was a thread last December:
https://bitcointalk.org/index.php?topic=5379194.msg58924690#msg58924690

This is a more in-depth description of the situation:
https://www.coinfirm.com/blog/south-korea-crypto-regulations/
I don't know-how up to date it is, I mentioned it a few months ago, so...

Bruh common....
The difficulty alone as an indicator is meaningless when talking about security if you don't factor in the amount of money needed to overcome it.

At the start of 2017 the hash rate was 2Exa, was the network at that time 100 less secure than now?
At the start of 2015 the hashrate was 200Peta, was it 1000 weaker?

All that matter is the amount of money you must spend to overcome it,
A while after Bitmain released the S9 you would only need 300 000 machines for a 51%, at of 2000$ a piece at launch, 600 millions.
To do this now you would need 2 million S19, at a cost of 6000, 12 billion.That's only 20x. Price went from $500 to 20k that's 40x..... Hmm, a halving.  
How many times do you think BTC will be able to do a 20x? <insert extrapolation joke here>

Or let's see it in BTC, you needed 1.2 million BTC, now you need 600k BTC

But you already do this when you withdraw funds for yourself, as long as you buy coins from Coinbase somewhere down the road you will withdraw some funds, and that's the moment when you should really think of getting yourself a brand new wallet.

Anyhow, coinbase regulations are far easier to bypass than banking for example, if you want to send someone funds via a bank transfers the bank already knows everything about the other guy, and the only way to avoid it will be by withdrawing cash from the ATM and giving that in person, but if you're 1000km away...
Three problems I see with this garbage
- I don't know any addresses of my friends, I would have to ask them every time, even the ones that have only a house number on a street I never bothered to memorize
- The consequences of writing down by mistake that address, you type number 56, and the street comes with only 20, would you get your account frozen after an inquiry?
- Imagine your friend sends then the coins to some known shady address, like a darknet market, same as the above as your account gets flagged?

Also, this is still one step behind South Korea, where everyone needs to have the outgoing address approved by proving is owned by licensed exchanges that are enforcing KYC.

Of course, I don't know the numbers but by telling on some information (that could be totally wrong), we could strat with the amount of bitcoins that have been sent extra to the cold hot wallets and cold wallets of exchanges during the drop, and the number shows only an increase of 100k in all coins stored on exchanges in the first two weeks of May (thanks Terra )and a 70k uptick during the June drop. Of course, not all of these could have ended being sold and at the same time probably a lot that was stored there could have been the target of the sale, at the same time a lot of the accumulation of coins happened after the event when people were rushing coins there and on the same time a lot was rushing cash.

Anyhow, my point is that a lot underestimate what the instant liquidation of 5000 would have but hopefully this will never happen, as there is no point in it other than intentionally harming the market.


And while this halving stops miners from "draining" that much money it also halves the maximum possible security of the network.
So rather than that, I would say that the Bitcoin defense budget gets halved every 4 years.