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Wrong in my guess. I suspect the price will take off like it did in 2017 and the hash rate will trail it.
A fair enough projection, and I doubt that it really matters very much whether the hashrate actually follows or not... even though you are probably correct that at least a certain amount of continued increases in the hashrate is ongoing and likely to follow, including that rises in BTC price incentivizes more investment into mining which thereby likely causes increases in hashrate..
In 2022 the price will drop back from say 200k to 120k much like 2018 20k to 12k but the hash rate will catch up.
Holy shit. That's a pretty extreme correction expectation philip.
I can appreciate $200k to $20k would be within reasonable extremes.. but I doubt that even $120k (if that were the top) would justify having corrections below $20k..
Sure, we can surely speculate about these matters differently, but you seem to be quite under appreciating the power underlying king daddy.. just saying... in other words, you seem to have some lack of understanding what bitcoin is.. and surely, something like your correction numbers could end up playing out, but they are really extreme scenarios that are quite out there in terms of their likelihood, even in the most bearish of scenarios.. so your spouting them out as if they were the likely scenario reflects on your own lack of appreciation of what seems to be going on
(nothing personal... philip).
If that happens it won't be different. tehn the jan 2017 to april 2018 cycle.
It would be different.. especially expecting a lacking of a blow off top and a need for a BIG ass correction...
Actually, one of the justifications for a BIG ASS correction comes from the extremeties of a blow off top that happens to be extreme.. and neither $120k nor $200k would be extreme enough to justify such extreme levels of correction.. even though from $200k to $20k is arguably within reasonable reach, but still seems a wee bit of a lack of appreciation of what happens to be going on in bitcoinlandia.
right now it is still different since the hash rate has not synched up correctly.
Either way you and are are saying the same thing just stretching the timing a bit differently.
Again.. I doubt that there is any need for the hashrate to have any kind of sync....
In essence hashrate will follow price, and surely every once in a while it is not going to be synced, but I doubt that king daddy hardly gives any shits.... it is already built to adjust.. difficulty adjusts with changes in hashrate.. blah blah blah.. King daddy is not going to be stifled to have some other variation of the tail wagging dee doggie.. when doggie no work like that.
BTW I smiled at the Bob's penis joke but do not quite get the imagery or meaning of it. @ nohomo
I will leave you guys chatting about when, how and why fantasies regarding CT plans and Bawb's penis....