/biz/ - Business & Finance

>>10118986
You'll be selling at 5k in a few weeks cuckboi

watching this live ... the bears are trying hard to protect their positions

>>10118996
>2018
>being a Bearlet

>>10118996
LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL

>>10118986
we are going to 5k end of week mark my words

>tfw long @ 25x leverage from 6350

>>10119023
Let them fomo in like the suckers they are. They'll never learn.

>>10118986
ARE YOU FUCKING KIDDING ME OMG FUCK i sold at 5800 then fomod back at 6500 AND SOLD AGAIN AT 6400

FUCK THIS SHIT IM DONE with you fucking faggots

>>10119023
Dude you better fomo in right now dont wait for 20k to cry alone

>>10118986
the are even people who sold at 6k 3 times in a row! they reveal themselves by saying shit like "we still need to hit 3k before we can go up"

>>10118996
u realise it cant stay below $6k for any significant portion of time...

miners costs.

it's basic economics and any bitcoin below cost price is MANIPILUTION.

it's ALWAYS be above cost of mining.

oh and funny enough thats been rising since 2010...

:thinking:

>>10119297
>fell for the miner meme

>>10119297
>babby's first july in crypto

>>10119320
not a meme, 200 year old time-proven economics.

is gold ever below mining cost? no.

is bitcoin ever below mining cost? no.

>hur dur its gonna go below $6k because i sold already

>>10119041
nice, bro

>>10119454
you are in highschool are'nt you?
many miningoperations started mining at a loss in 2015

>>10119297
>>10119454
t.an anon who actually understands bitcoin

>>10119473
equipment/investment cost sure.

never below electricity cost though. go look up the difficulty in 2015, prolly like $100 tops.

>>10119473
>he thinks everyone pays the same price for power and equipment
kek

>>10118996
enjoy getting your ass destroyed

>>10119488
electricity in venezula is 600 dollars and roughly 1200 in china
you can mine in canada for 2k electricity
and now?

>>10119490
>does'nt get the point
topkek autismo

>>10118996
>t. bottom shorter

>>10119520
please explain to me your point, then oh wise one.
i understood it perfectly which is why i typed what i did. let's you if you knew what you meant

>With the institutional money coming in - a breeze of neverending gains.
>Bearfags will die out like the mammoth

>>10119013
some one make a retarded bearlet crying in the corner while bulls cum on him pls

>>10119505
I assume you looked at this chart?

>FAKE NEWS

SAME articles says: "AntMiner S9 would use 17,773.344 kilowatts and take 548.56 days to mine a coin"

so almost 18kwhs for 13,000 hours...

yeah they missed a fucking 0 LOL

thats $6k

at just $0.025 / kwh thats exactly $6k... which suprise suprise is how much electricity is in china

>>10119505
Doesn't the difficulty get less the less people mine?

>>10119520
get rekt faggot >>10119575

>>10119561
Just take a selfie, faggot

>>10119605
lmao

>>10119454
Mining costs become less expensive the less people mining there are

>>10118996
FOMO in at 7k or you'll be FOMOing at 8k

>>10119670
and your point?

>>10119490
This. That guy has no clue what he is talking about. There are miners mining for much less than 6k (and even more that could mine at >6k if they wanted to). There's no reason why it can't go below 6k.

most of you newfags are missing the point. the point is hashrate. as the hasrate increases, the price increases. more equipment is purchased, more power is consumed the network gets more secure and more distributed. equipment and power are real costs that increase the price, the security and decentralization are the benefits that increase the value. learn2bitcoin

>>10119926
>cope

I was unironically about to sell at 5800. Not sure why I didn't, was just too lazy.

Thank God for my lack of motivation in all things in life

>>10119926
theres plenty of bcash fags here that don't know what it means to have a decentralized chain since their shitcoin is centralized.

>>10119969
https://bitinfocharts.com/comparison/bitcoin-hashrate.html

>>10120092
i feel bad for them because most have the right intention, they just thought they understood something and were led astray by scamming assholes. not really their fault, so i like to post legit info every now and then and hopefully it'll help them out. if not, no sweat off my sack.

>>10120092
Actually fag, btc is more centralized than BCH.

Roger Ver, Jihan Wu, Calvin Ayre, The 8btc mod (19hZx234vNtLazfx5J2bxHsiWEmeYE8a7k), Jiang Zhouer, the bitcoin.com cofounder, the Coinbase founder - all BILLIONAIRES who can complete the flippening with their own cash TODAY. They're not doing so because they'd rather invest in BCH adoption. BCH adoption is skyrocketing while btc adoption is dropping. In a few years both St Kitts and Antigua will use BCH as their main currency (Roger is working on St Kitts, Calvin is investing in Antigua more money than their GDP exclusively because of BCH adoption), Craig Wright will increase transaction counts by circumventing corrupt governments in Africa for money transfers (this one is not certain but very possible considering his funding), Roger is speaking to VIP-s every other day, including Japanese bank CEO-s, stock exchange owners, etc. Brian Armstrong will push BCH and shit on BTC subtly every chance he gets, bitcoin.com wallet is the most popular mobile wallet and it literally shits on BTC, propaganda/censorship effects are fading, Purse just added BCH meaning that normies can use it to get 20% discounts on amazon, Koreans love BCH and they seem to matter at least as much as Americans and significantly more than eurofags, miners are looking for ways to destroy BTC in the next few years otherwise their profits will crumble, LN is proving more and more of a failure every single day, Wright will patent-troll startups into moving into BCH, tipping on github is now possible with bch, smart contracts are coming in November, stress tests are a massive success, charities are popularizing BCH in struggling countries (Venezuela today, others will join in if trouble arises), Free Society project is progressing well, Circle is adding BCH next few weeks, Ayre who became a billionaire from gambling is going to create BCH-only online casinos

>>10118996

You'll be fomo'ing in 15K in a few weeks bearlet

>>10120130

Lightning is shit tho. I'd like some real solution to the scaling problem but we aren't probably going to see one, or if we will it'll come from the strangest place.

>>10120287
true. i think the more likely scenario is another crypto taking the job of day to day settlements. it's difficult to be both fast and truly secure in a decentralized way. but it possible to be one or the other in a decentralized way.

>>10118986
WE DID IT.

>>10120399
kek!

>>10120399
noioce

>>10118986
But no one is selling now either. Everyone is hodling and before you realize it it will hit bottom again

>>10120674
what did he mean by this?

>>10119505
>electricity in venezula is 600 dollars
Yeah once the government ridden electricity service notices your power drain they will send some friendly police intelligence dudes to your place and fuck you over. Mining is publicly forbidden here.

>>10119297
you know in venuzuaela it costs $500 to mine one bitcoin

>>10121160
>venezuela is the only place in the world where bitcoin is mined

>>10118996
>Selling during the great bear trap of 2018

It's like you don't want to get rich

>>10118986
Be patient fags you will buy lower

>>10119745
The mining cost isn't a given number. If it becomes too expensive for some miners to mine they'll stop, reducing the difficulty and making it less expensive, and some miners can afford to mine at a loss for some time while some can't etc...

>>10121423
yep, that's how bitcoin works. still, the point?

>>10121464
The point is the cost to mine could be anywhere between 3k and 6k. The base support is more the point where most miners can't afford to mine at a loss than the cost to mine itself.

>>10121517
Pic related.

>>10121517
>The base support is more the point where most miners can't afford to mine at a loss than the cost to mine itself.
which is $6K
see >>10119575

>>10121590
Thanks. Do you happen to have a link to the article he's talking about, I'd be interested in reading it.

>>10121545
What is this from?

>>10121761
take your pick. i'm not sure of the one with the exact quote that poster mentioned, though.
https://tineye.com/search/657d37cc1d42f76985115bcb83f8e232c63deecb/?page=1&sort=score&order=desc

>>10121867
Found it, here it is https://www.elitefixtures.com/blog/post/2683/bitcoin-mining-costs-by-country/

>>10121761
also this >>10119926
then this https://bitinfocharts.com/comparison/bitcoin-hashrate.html#log
i'm out. good luck newfags

>>10121761
JP Morgan

>>10122083
when was it published?
>>10122004
nice

>>10118996
B U Y H I G H
S E L L L O W

>>10119297
go back to r/bitcoin

how do i resist the fomo lads?

>>10122715
just look at the people on this board, they are great signals, always do the opposite. we will soon see despair when all those cucks get fucked after fomoing at 6600, pink wojacks everywhere; and then you buy

>>10118986
>tfw sold 10 btc at $500 from $1800 two years ago.

>>10122724
yeah, listen to this guy. lmao he obviously missed the wojacks last week

Fuck the bears they are unironically and literally cancer

yeah I sold 5800 so what.. we need to test 3k before we go higher

>>10124057
>Bounced 3 times above 5.5k since January
>We need to test 3k