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/biz/ - Business & Finance

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17701622 No.17701622 [Reply] [Original]

JUST HODL

>> No.17701713
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17701713

>>17701622
watch this

>> No.17701727
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17701727

>>17701713

>> No.17701731
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17701731

>>17701713
Watch this
BTC hashrate will plummet post halving. We will be seeing many mining operations outside of places like China shut down operations.

At current levels the halving means that BTC rewards will drop by 53692.75 USD Per block. Operations within that margin area will have no choice but to kill their operations.

The price isnt going to sky rocket because Miners decide to sell higher. There are too many traders and too much existing BTC for a block reward reduction to have this effect because traders will just keep pushing them down.

Further, these operations that shut down may actually dump stacks to cover costs and take what profit they have actually pushing the price lower not higher.

>> No.17701737
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17701737

>>17701727

>> No.17701767

>>17701622
Just bought 500K SUTER. How fucked am i?

>> No.17702152

>>17701731
>At current levels
rofl yeah sure