/biz/ - Business & Finance

>>18917079
>toastie roastie edition
The wall hits hard.

>>17006942
>>17007266
https://bitcointalk.org/index.php?topic=831547.0

Projected:
1.000 24-04-2015
10.000 22-11-2017
100.000 16-07-2021
1.000.000 06-09-2026

https://coinmarketcap.com/historical/20171128/

COPE

>>16942952
>>16942973
>>16942989
>>/biz/thread/S1214767#p1216822

https://www.youtube.com/watch?v=kO2BTCy2pY8

>>16272788
Because randomX will alow them to turn electricity into hard money.

Energy is basically free down there , randomX will destroy socialism, it will allow anyone living under a tyranical state to change electricity into hard money and contrary to asics there is no way to stop this.

t. Argentinean

>>15754826
>Nobody’s coming to save you when you’re bagholding libra and we’re in the citadels

Based

>>15655072
oh and btw this time the bubble will not explode because we will reach the last asics at the peak of the bubble due to the moore law.

So miners will be dumping less coins than they ever did since they won't need to upgrade hardware anymore.

>>15133442
BASED

>>15106102
It's game theory.

1_All the miners have a reduction of 100% of their income in bitcoin.
2_Their electric costs remain the same.
3_They now earn 100% less
4_They refuse to sell at this price because they know everyone else doing mining is under the same situation.
5_Price starts to go up due to lack of supply in the market.
6_Eventually price does 100% increase and miners could be in the green again.
7_Speculation starts at what will the top price be.
8_Miners still refuse to sell because it could go up even higher.
9_Miners having different electric costs all have different breakeven price.
10_Price keeps going up as news spawn all over the world.
11_A bubble starts to form
12_Some miners start to sell to pay electricity
13_Bubble becomes insanely big
14_All miners start to sell.
15_Fees become massive
16_Bubble explodes
17_Price collapses 83%.
18_The new bottom where everyone tells bitcoin is dead is literally so big that years before it would have been considered insanely high and that it would never happen.
19_Bitcoin starts to grow again in the next halving.

GAME THEORY
Next bottom will be 55k after going to more than 300k.