/biz/ - Business & Finance

I remember about a year and a half ago I was seeing so many companies IPO on the NYSE that were purely bitcoin mining companies. I don't recall their tickers negate there were so many literal who's doing this. God I wish I would have shorted them.

>>50171583
Now gimme a 3080

>>50171583
Bullish

>>50171583
it's over

>>50171583
absolutely bullish

>>50171583
Graphic cards bros we are finally going to make it.

>>50171626
>a year and a half ago
>I wish I shorted them
BTC was at 8k a year and a half ago dumdum

>>50171732
>>50171635
>btc
>gpu
What are you people even doing here

>>50171583
>the main selling pressure has run dry
>this is supposedly bearish

K

>>50171753
As btc implodes so do all coins, clown

>>50171866
No he means no one has mined btc on GPUs in years.

ETH is mined on GPUs

>>50171967
>No he means no one has mined btc on GPUs in years.
>ETH is mined on GPUs
see >>50171866

>>50171737
>a year and half ago was Jan 2021
2020 really fucked your sense of time, normie

>>50171688
absolutely delusional

>>50172561
miner capitulation happens at every bottom, it reduces inflation by 33% until it ends causing the end long term, usually 2 to 4 months

>>50171583
Hey Miners, do your damn job! You better keep mining those coins motherfuckers

Shouldn't it do the exact opposite when everyone is expecting a crash?
Is the singularity near for real this time?

>>50171737

the fuck are you smoking nigga, you mean 40k?

>>50171583
the hash ribbon indicator has been shit for the past 4 years
if you followed it you would have sold the bottom repeatedly and bought back in higher

>>50171583
>literally selling the bottom
lmao

>>50171737
top signal

>>50171737
>tfw it will never be Christmas of 2017 again

>>50171583
What a bunch of limp wristed faggots.
These fucking monkeys did ZERO risk management.

>>50172894
Yeah, I'm sure you're smarter than the mining conglomerate you stupid nigger. See you at 15k

>>50171583
they have been capitulating for a month already. i knew biz was behind the curve now but this takes the fucking biscuit

>>50173409
They have debt that they need to service.

>>50172594
>>50172561

>LE MINER DEATH SPIRAL
miners don't matter for the price lol
price is dictated by market makers
now you guys know

>>50171583
who cares about mining if you can use your gaming setup and get into lovelace's world and being the man you always wanted to be on their metaverse

>>50171583
Miner here

still mining.

>>50171583
bottom is in.

>>50174457
that's not the scale we're discussing here.

>>50174457
Are you insured against mining accidents, Sir?
Would you be interested in a mining insurance?

>>50174457
>anon tells the thread he is actively losing money