Topic: conspiracy theory (Read 394 times)

This theory has been on since the inception of bitcoin. There's are lot of people in the community who owns different ideas and strategies. Some are there to make a positive difference while some are critics who are in the community for negative reasons. It is normal for people to create any form of conspiracy. In all these, bitcoin is till thriving.

In many countries income from cryptocurrency trading is already subject to taxation. Soon most of them will either outlaw it, or tax it. And this is one of the main authorities (beside money laundering) why authorities impose upon cryptocurrency exchanges obligation to verify a customer.

There are so many conflicting reports around the current price drop being thrown around about grandiose conspiracy theory which has been crafted for years and why Bitcoin is completely controlled by a small group of people who can tank the price a my will.
The aim I believe is to create fud and panic and further nulify the decentralization quality of bitcoin in the eye of the public.
Do not succumb to panic but do your own research with available news and data.

Conspiracy theories are fun and perhaps even have some grain of truth to it but a true conspiracy would require collusion and bankers, vc'ers, the uber rich etc are all too selfish to ever cooperate at the level needed. What you are seeing are the unintended consequences of big money moving at their own self interest. In effect it seems like a conspiracy but it is just big players being greedy and using their unique positions of monetary power to rake in more for themselves.

ASICS have been created and being tested by SOME pools....
... the public delivery date is late december

its also that the ASIC purchasing gave the sale organisers excess btc

....
now some simple math

having one T15 is like having 2 S9 hashrate. but the electric is different. its 1.6kwh(t15) not 1.3kwh(one s9)
which um if 2 s9=2.6kwh then your saving 1kwh for same hashpower.
theres also other factors like saving space, cabling cooling costs. which help by having less asics that do the same job.
its also worth mentioning boost also helps do the job better too

in short it works out for every 10 S9's you can swap it for about 4 T15's for the same effect

.....
current hashrate puts profitability for those limited pools with access to pre-delivery nextgen asics at above $3.6k+
for a small amount of mining. emphasis small amount(the whole network is not T15 mining)

VERY bottom line costs IF mining (T15 asics) is taking the hashrate in exa (eg 40) and multiply it by 89 to get cost of mining BOTTOMLINE(based on a 5cent electric.. (farms get it cheaper but farms also have labour and facilities leasing so it evens out to 5 cents))
but remember
there are still S9's running bought at the $450 per unit which is a 111 multiple of hashrate to calculate their bottomline costs.
there are still S9's running bought at the $850 per unit which is a 154 multiple of hashrate to calculate their bottomline costs.
and yea there a few S9's that didnt give up that didnt sell up. that bought asics even more expensive. but hey

so the value support lines range is $3600-$6100 at 40exa hashrate

personally i was hoping for hashrate to have moved over 65exa last month-this month.. but seems they didnt want to shoot themselves in the foot this time causing a hashrate spike and temporary price drama upwards
 
meaning the bottomline even with new T15's would still be above the $5800 12 month support from november 2017-november 2018 IF the hashrate was 65exa+

     I think there is a theory of conspiracy, but there is no clear evidence in this direction. The whole market is being manipulated. Everyone is trying to earn more money in a faster way. For "whales" it's easy to manipulate prices because they have the bulk of the capital and have extraordinary tricks to create panic among people.

Of course there are whales, the rich people, but I highly doubt anybody is intentionally doing things at a loss just for fun or to feel control so to say.. They can predict the market because they can move the market and that's a major advantage at making money in exchanges

I think this theory is nothing new and almost everyone in this porum knows it, that whales exist, and they are a great team to make a lot of money by manipulating crypto prices. it is very easy for them to manipulate prices because they hold large capital and have great tricks to create panic in the crypto market.

So instead of making a profit in 5K$, they could make a profit with 3K$? Also, the 7nm asic developed for Bitmain... is like having two s9 with the same electricity consumption so maybe it's 50% more profitable?

So after the release of the asic to the public, the price went down quickly and it will until 3k$-4k$ as the sending day approach?

Conspiracy theory are fun, entertaining, but mostly they are just that and nothing more. I mean these are possible, but as long as we don't have proofs, then I'm not thinking about these possibilities.

I think that there  could have  been price a manipulation from whale investors where btc and the rest of the alts are diving very low. Most people are now hoping for a speedy recovery of the crypto market since people might be leaving in their involvement as investors if this dip will continue further.
 

meh, there is always ups and downs in the market and there is also always manipulation in the market, there doesn't have to be more than that with some hidden agenda behind the scenes. everyone is trying to make more money and/or accumulate more bitcoin sometimes some of them have more power to push the market in their own desired direction which usually are called whales. it doesn't have to be conspiracy theory though

In near future i believe people will talk like this "my biggest mistake in crypto is not buying bitcoin when its under 10k usd" same with me regreting not buying bitcoin when it was under 1k, crypto is future all we need is to hodl it stronger in bearish like now

That's not a conspiracy theory, that's the truth of life. Of course, the whole market is manipulated, but there are some clear patterns that we can use to understand where we go. For example, the previous bear cycle had a clear capitulation candle, but that's not what we see now (as we lack volume), so I may assume a warmup and a further drop.

Oh, look! It's a cute little baby conspiracy theorist! Aren't they just adorable?

It's not a ridiculous theory as bitcoin will do away with government control and risk economic uncertainty. See if there are any whale wallets dumping hard with government like transactions

Mt. gox this and that.. funny how really the only two crypto's holding up are XLM and XRP created by the same dude... who launched Mt. Gox.. wrap your head around this. "Banker's coin" nope future coins.. Disrupt centuries worth of organizations.. I don't think so, Jed figured it out.

you mean when it went to $1200 and fell to $170
and depending on the context you might have been an idiot for not selling. a trader for example not selling is a big ass idiot. but an investor not selling is not. in other words it mainly depends on your strategy.

volatile price does not "destroy" bitcoin so this theory can not be correct.

this makes more sense as we have seen the manipulation and the large amounts of profit that has been made this way.

no conspiracy

the 2013 spike explained.
in 2013 ASICS were released. this made it more expensive to mine. as such some hobbiests stopped gpu mining and instead found it cheaper to just buy bitcoin instead of mine.
those with asics seen the price rise. and more hashpower went on the network, at the same time people noticed the price going up and seen that a up-cycle of the price/hashrate(which would increase the price further) so a FOMO event occured. this cause what should ave been a movement upto $250 turn into a $1200 speculation FOMO price rise.
then events like mtgox killed off the speculation and the correction down started brought prices down closer back to the cost of mining cycle

the 2017 spike explained.
in november 2017 VC's needed to buy BTC to pay out btc to certain private contracts. this should have only caused a temporary rise to about $10k to cover the contracts(which would have correcting down to a few thousand). but again FOMO speculation made it go to $20k. again unsustainable temporary and so it corrected down. this time the corrections was not sparked by an event, but purely because the $20k went too far up. that naturally it had to fall
asic miners added more asics during the 2017 period bringing the costs and mining cycle of value up to near the $6k area.. which is why the correction of $20k settled to the $5800 area and prices remained above the $5800 for the year (from november 2017-2018)

these VC contracts, some of which had a 12 month lock, thus ending november 2018 at which time the holders were able to spend finally.

the novmber 2018 price movement
as said partially due to VC contracts finally unlocked. but also last month. ASIC manufacturers started testing next gen asics. but this time they didnt want to push up the hashrate as they learned from shooting themselves in the foot in 2013 that a short term adrenalin profit rush ended with a 2 year limp(2014-2016 stagnant pricing). this time they are swapping 2-3 old asics for 1next gen asic. thus keeping the hashrate from rising, but still keeping the hashrate within range to continue making blocks on time.
using efficient miners they can lower hashrate and still make blocks. due to the way mining works and how they calculated stats to plan it out before hand.
EG not only is 1 next gen 2x more hashes(thus only needing 1 next gen per 2 old gen). but with boost they can perform hashes sooner. so able to do adjust hashrate further but still stay in the target zone of blocktime

so with less asics running means less cost = more profitable to mine below the $5800 value baseline

which along with the VC funds release was what caused dipping below the $5800 value line.
difficulty dropped meaning asier to mine= cheaper to mine. and again abl to profit at lower prices.

..
now all we have to do is wait for the plateau or hashpower to rise and the cost value cycle to change

Yes, I realized that there is a conspiracy theory in this cryptocurrency world especially now when Bitcoin is falling hard and this trend followed by all Altcoins and tokens. I guess there are some groups that manipulate the Crypto to take some advantage from others.