Newest btc prediction is 0.23 % to 9.58% Diff jump on Sept 28th

[mmeijeri]

Tragedy of the commons. They are NOT cooperating.

Having your ass handed to you by your competitors doesn't count as a tragedy of the commons.

[philipma1957]

well they mined like mofo's added tons and ton's of gear  diff will jump 14% or more and they  got diff to jump at least 2 days quicker the 25th or maybe the 26th vs the 28th.

 My mining days are shrinking and I am going the buy and hold route more then ever.

[mmeijeri]

My mining days are shrinking and I am going the buy and hold route more then ever.

And that is part of the reason why miners selling off all their BTC will not drag the price all the way to zero. If the price drops by enough, even existing holders of BTC will be happy to buy up all additional coins that come on the market. It certainly won't drop below $10 (at least not on account of miners alone), probably not below $100 and it wouldn't surprise me if even $200 proved a firm and unbreakable support. Once the price stabilises, the global hash rate will adapt to the rational level given that price.

[philipma1957]

My mining days are shrinking and I am going the buy and hold route more then ever.

And that is part of the reason why miners selling off all their BTC will not drag the price all the way to zero. If the price drops by enough, even existing holders of BTC will be happy to buy up all additional coins that come on the market. It certainly won't drop below $10 (at least not on account of miners alone), probably not below $100 and it wouldn't surprise me if even $200 proved a firm and unbreakable support. Once the price stabilises, the global hash rate will adapt to the rational level given that price.

as it drops in price I will buy more as I feel it will be around a long time.

[mmeijeri]

as it drops in price I will buy more as I feel it will be around a long time.

Same here. I'm still accumulating slowly as it is, but if the price should drop to $100 I'd buy an additional 10 straight away, 100 if it dropped to $10 and 1000 if it dropped all the way to $1.

[philipma1957]

diff thread sorting.