mindrust
Legendary
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Activity: 3388
Merit: 2508
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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
Legendary
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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: 1680
Merit: 3336
Man who stares at charts (and stars, too...)
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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
Legendary
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Activity: 3444
Merit: 17431
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
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Activity: 2184
Merit: 1932
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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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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March 12, 2020, 09:44:55 PM |
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That's a really depressing image. just look at that TP. That's because everyone else has been panic buying all the toilet rolls. They have sold out.  |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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March 12, 2020, 09:45:10 PM |
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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. The corona is just an excuse, thats why you are a weak hand, you panic easy and lose money. They are whales, they allways win money. |
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bkbirge
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March 12, 2020, 09:46:22 PM |
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That's a really depressing image. just look at that TP. That's because everyone else has been panic buying all the toilet rolls. One of the few times I should have given in to the FOMO. |
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Bitcoinaire
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March 12, 2020, 09:48:31 PM |
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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. Yes, but when this virus thing blows over in a few weeks or a couple months, the price will explode that much more. This is just adding more fuel for the fire, its going to be epic. |
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serveria.com
Legendary
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Activity: 2380
Merit: 1189
Privacy Servers. Since 2009.
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March 12, 2020, 09:50:52 PM |
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Meanwhile at your local drug dealer:  |
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dragonvslinux
Legendary
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Activity: 1708
Merit: 2213
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March 12, 2020, 09:53:17 PM |
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Wait. What happens if miners decide to stop mining because its currently not worth it?
They capitulate. |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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March 12, 2020, 09:54:01 PM |
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Wait. What happens if miners decide to stop mining because its currently not worth it?
Some of them drop out and the difficulty adjusts, making it profitable once again for less efficient miners to jump in. It's a self-balancing mechanism. Driven by greed, thus ensuring that there will always be miners. |
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Lambie Slayer
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March 12, 2020, 09:56:48 PM |
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https://www.wired.com/2000/01/y2k-alarmist-wha-happened/"North has made a living predicting that modern society will end in panic and ruin. During the '80s, he advised people to stockpile gold because he saw a nuclear war coming with the Soviet Union. Around the same time, he predicted an AIDS epidemic that would overwhelm the world's hospitals. North said he remains baffled as to why the transition to 2000 didn't bring the global chaos he and others had anticipated. Statistically speaking, North thought there should have been at least a few brownouts and blackouts. Clearly, world governments were planning on some kind of trouble. How else do you explain the fact that police officers the world over had to work New Year's Eve?" 
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goldkingcoiner
Legendary
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Activity: 2184
Merit: 1932
Verified Bitcoin Hodler
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March 12, 2020, 09:57:17 PM |
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gentlemand
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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March 12, 2020, 09:59:45 PM |
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If he dies I expect an animatronic Tom to replace him operated by CIA puppeteers. Trump can sick up his own ruined lungs on the Resolute desk live during a TV address and the world will keep on turning. No way will They let Tom meet the same end. If he goes our will will be broken. |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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March 12, 2020, 10:00:05 PM |
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keep buying
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sirazimuth
Legendary
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Activity: 3500
Merit: 3603
born once atheist
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March 12, 2020, 10:01:01 PM |
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Wait. What happens if miners decide to stop mining because its currently not worth it?
Well then as difficulty decreases, you simply buy a few of these bad boys, plug em in to pc and start mining your very own bitcoin! Easy peasy! ...oh wait a minute.... |
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Gyrsur
Legendary
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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March 12, 2020, 10:06:05 PM |
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WO dudes watch the 200WMA. ridiculous! did Russia start the nuclear WW or what happens? |
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mindrust
Legendary
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Activity: 3388
Merit: 2508
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March 12, 2020, 10:09:23 PM |
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I am having trouble with sleeping. I feel sick. (No it is not corona)
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Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1465
Clueless!
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March 12, 2020, 10:09:39 PM |
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Wait. What happens if miners decide to stop mining because its currently not worth it?
Death spiral. At these prices MAYBE Bitmain and Innsilicon COULD MAYBE mine at less 4c electric and they got the miners to themselves at cost after halving. But, they could very well be the pow network left standing for ASIC pow coins of any flavor I'll bet my own money right now that Bitcoin Core developers would make Bitcoin a POS coin first before allowing that to happen. Bitcoin as of now is dropping where the stock market would like to crash too, as well, the only difference is the so-called stock market circuit breakers kicking in. Also, this is with 1,300 cases in the USA just wait till all the states are looking like polka dots like Oregon. Again, I expect a 40% hit on the stock market and 60% on BTC/crypto. I see no path out here. Tis a complete 'miner capitulation' for ASIC miners IMHO because of halvnig..that's all she wrote boys and girls. brad |
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