OutOfMemory
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Activity: 1526
Merit: 2965
Man who stares at charts
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March 12, 2020, 09:26:51 PM |
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WMA200 breakage looks close in my charts.  |
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Bitcoinaire
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March 12, 2020, 09:27:09 PM |
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I don't like this but what are you gonna do!
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OutOfMemory
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Activity: 1526
Merit: 2965
Man who stares at charts
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March 12, 2020, 09:28:20 PM |
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I don't like this but what are you gonna do!
what you and most other hodlers did before for years: wait it out and buy the dip. EDIT: It's easy. The lower we fall, the higher my safety margin on the way up. |
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LFC_Bitcoin
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Activity: 3514
Merit: 9476
#1 VIP Crypto Casino
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March 12, 2020, 09:29:12 PM |
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Miners are going to be fucked!
Isn’t break even on production at about $7,000 on average?
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dragonvslinux
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Activity: 1666
Merit: 2204
Crypto Swap Exchange
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March 12, 2020, 09:29:58 PM |
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If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!
Archived! Can you please archive all of 26281 pages? I recommend contacting LoyceV asap, he has the resources for this. Edit: And he loves to scoop and scrape.We just came $60 from this thread being deleted  Miners are going to be fucked!
Shh, you'll upset the miners. They are very touchy about these things. |
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OutOfMemory
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Activity: 1526
Merit: 2965
Man who stares at charts
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March 12, 2020, 09:33:13 PM |
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Miners are going to be fucked!
Isn’t break even on production at about $7,000 on average?
depends on the country. Miners should have some reserved BTC to get over it for some time. It even might look to some of us that todays dump was the result of a big miner liquidating reserve btc (for whatever reason). I read a tweet today, that many sold bitcoin from today came from wallets that were untouched since 9-10 years. EDIT: I thought a split second about CSW and the "tulip trust", but then i had to laugh about my own stupidity   |
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Raja_MBZ
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Activity: 1862
Merit: 1505
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March 12, 2020, 09:34:02 PM |
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IMO, this sell-off seems like a fakeout by some big whales to make newbies think that bitcoin can't work as good as gold (and other safe-haven assets) during a global crisis (like coronavirus). Eventually, these whales should lose the sell-off power and bitcoin should get back on (bull) track.
I still refuse to believe that this sell-off is organic/natural. This can't happen; bitcoin should've been outperforming every single asset out there during this time. I still effing expect a fast jump to $10,000. |
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goldkingcoiner
Legendary
 Online
Activity: 2030
Merit: 1637
Verified Bitcoin Hodler
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March 12, 2020, 09:34:50 PM |
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Wait. What happens if miners decide to stop mining because its currently not worth it?
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HI-TEC99
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Activity: 2772
Merit: 2846
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March 12, 2020, 09:35:16 PM |
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If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!
Observing $5,571   |
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OutOfMemory
Legendary
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Activity: 1526
Merit: 2965
Man who stares at charts
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March 12, 2020, 09:36:35 PM |
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Wait. What happens if miners decide to stop mining because its currently not worth it?
hashrate drop, followed by difficulty decrease and many last gen cheap asic boxes on the 2nd hand market. |
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HI-TEC99
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Activity: 2772
Merit: 2846
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March 12, 2020, 09:37:30 PM |
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The poll needs a third option of "running out of toilet paper".
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gentlemand
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Activity: 2590
Merit: 3008
Welt Am Draht
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March 12, 2020, 09:37:47 PM |
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This can't happen; bitcoin should've been outperforming every single asset out there during this time.
Um, why? There are 6 or 7 figure sells with no accounting for slippage. That isn't 'manipulation', that's running for it. The most obvious explanation is often the right one. There are lots of 'stick a fork in it' comments elsewhere and dribbling about it being untouchable for a generation. Let's see what happens in the coming weeks and there'll be sunnier times eventually but right now the idea of it being innoculated from something ravaging every other market is laughable. |
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hodl_2015
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Activity: 371
Merit: 57
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March 12, 2020, 09:39:26 PM |
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That's a really depressing image. just look at that TP. |
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LFC_Bitcoin
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Activity: 3514
Merit: 9476
#1 VIP Crypto Casino
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March 12, 2020, 09:39:45 PM |
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I want to buy another 2BTC, I was going to today but I choked earlier. I don’t want to mess up & buy if it goes down another $1,000 overnight. I might sleep on it & hope there’s no rebound when I’m sleeping.
I’ve got a feeling we might go a little lower.
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OutOfMemory
Legendary
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Activity: 1526
Merit: 2965
Man who stares at charts
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March 12, 2020, 09:39:56 PM |
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This can't happen; bitcoin should've been outperforming every single asset out there during this time.
Um, why? There are 6 or 7 figure sells with no accounting for slippage. That isn't 'manipulation', that's running for it. The most obvious explanation is often the right one. Let's see what happens in the coming weeks and there'll be sunnier times eventually but right now the idea of it being innoculated from something ravaging every other market is laughable. realistically said, that's about it. Side effects included. Out of sMerit, so +1 WOsMerit EDIT: Thanks LFC_Bitcoin, finally able to send a merit. |
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mindrust
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Activity: 3234
Merit: 2407
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March 12, 2020, 09:40:04 PM |
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Wait. What happens if miners decide to stop mining because its currently not worth it?
Death spiral. |
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Wolf Rainer
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Activity: 1960
Merit: 1022
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Everything is fine, halving in two months. Whales shaking weak hands.
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OutOfMemory
Legendary
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Activity: 1526
Merit: 2965
Man who stares at charts
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I want to buy another 2BTC, I was going to today but I choked earlier. I don’t want to mess up & buy if it goes down another $1,000 overnight. I might sleep on it & hope there’s no rebound when I’m sleeping.
I’ve got a feeling we might go a little lower.
Me too. Buy on the way down. Gradually. Makes you feel less of a fool after unexpected trend reversal (most times). |
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LoyceV
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Activity: 3290
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Thick-Skinned Gang Leader and Golden Feather 2021
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March 12, 2020, 09:43:19 PM |
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If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!
Archived! Can you please archive all of 26281 pages? I recommend contacting LoyceV asap, he has the resources for this. Edit: And he loves to scoop and scrape.The correct URL is http://loyce.club/archive/topics/17/178336.html, although it only has 33794 of the last posts. My other project has the first 2628 pages only, I'll continu that much later when my scraper is done with it's current tasks (probably around August). |
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goldkingcoiner
Legendary
Online
Activity: 2030
Merit: 1637
Verified Bitcoin Hodler
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Everything is fine, halving in two months. Whales shaking weak hands.
Oh stop it with the bullshit already. HALVING THIS HALVING THAT. This is obviously due to the corona panic, just like in every other market. Human panic is unpredictable. We could see Bitcoin go down to three digits, no problem. Halving is not going to do squat at the moment. People have only started panicking. We are not even in the eye of the storm yet. |
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