/biz/ - Business & Finance

how fucked am I? $4200 has been a steal of a price for the past 5 months, people greedy as fuck right now

>>13044379
Can't provide definite responses (of course), however, I can provide the following:
Halvings represent at minimum, a double in production cost for the miners. Since speculators and miners are involved, so is human emotion (fear, greed, ect). Mining bubble (hash rate bubble) starts to begin near the end of accumulation, and at the start of the mark-up phase. The halving, is what I personally believe is event that causes humans to go from being fearful, to greedy. Supply will dry up as the halving approaches as it always will, and price will moon, causing miners to jump in (profitability), and increasing the production costs (difficulty) along with it.

I theorize this will occur until the block rewards are minuscule, then the price / btc will begin to stabilize, and be more affected by btc earned from Txs, BTC price and mining difficulty.

Just my opinion of course, regardless I will be all in for this cycle no doubt

>>12184880
$1,500, it will come? My Master..

Interesting, very interesting.. OP is attempting to send a message to this fella: >>11971163

To do so, this fella has to send OP his PGP public key, with which OP will encrypt his message with and a random key. Once encrypted, OP will email fella with his encrypted data. Fella can then decrypt the data with his private key.

The most interesting part is that OP is sending almost like an emergency signal. The addresses picture in his first reply are 8 addresses with 5,000 BTC each, summing up to 40,000 bitcoins. He sent this amount to each wallet on 2018-03-05, along with 0.19 BTC + 4600 BTC (from different addresses) to a 9th address.

I'm assuming fella would recognize this because he is working with OP in some manner. I should add that the message was sent through an encryption program, not via blockchain. There might of been an initial message embedded with addresses related to the ones in OPs message, so fella might be replying.

In any case, there are 2 ways to view this information:
1) This goes down as the greatest LARP on biz history.. Though there doesn't seem to be any motive, so this is unlikely. They definitely aren't brainlets.
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Or, the really juicy part..
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2) These two individuals ARE apart of the team of people who own all the bitcoin in these addresses. Based on my count, these guys own easily over 100,000 BTC, accumulated between $400-$1000. They also knew how to time the ups and downs in 2018..
..Curious and curiouser

Is mining newer coins profitable at all?