Is Bitcoin On It's Last? | Bitcointalksearch.org

Zoomic

sr. member

Activity: 420

Merit: 252

My post made philipma1957 wear signature

Quote from: Jessie2121 on September 27, 2023, 10:05:07 AM

Quote from: Bureau on September 27, 2023, 07:34:49 AM

Quote from: Jessie2121 on September 26, 2023, 09:37:14 PM

What's really happening to Bitcoin is that it could reach a point where miners find it not viable to mine and it will make some of them to switch off their machine, as it is many have already done so. Some people keep screaming out their neck that Bitcoin is finished because of the current price which has been roaming around $26k for some time now and is not going up anytime soon, but I'll say that's never the the case, now is a good time to consider a long term investment. Let's forget the noise people are making out there, those who bought at high price or those who sold due to panicking/fear, the thing is if you understand the technology you would know that the next bull is coming and now is a great time to think about jumping in the market.

They will not help you in growing up the ranks if you are here to become a part of signature campaigns.

What's up with guys and someone who's trying to get along in this forum? Must it be that everyone who came here are for only joining campaign? Fine I mixed everything up and I didn't get it right with the post but that doesn't mean I only want to join a campaign and rank up, God. Your mindset and mine isn't the same. Enlighten me, teach me and I'd be glad to learn and not making everything look like is all about the campaign and rank up. Like who wouldn't want to rank up? Wasn't expecting what you said, but thanks but no thanks. I guess your presence do add much value, humans.

Do not allow Bureau to offend you and do not take his words to heart. He is among the few newcomers who fight against their fellow newcomers. He is barely a full member which is not that far away from your rank as a jr member. Also Bureau is wearing signature and yet discrediting your efforts in the name of signature. He go nothing that you should be afraid of him.
If you do not want to see people like Bureau, you can ignore them and have your peace of mind.

You are a jr member, if Bureau believes your post is substandard, he should have corrected you and not to barate you. In the worse scenario he should report to a moderator.

Meanwhile, I do not think that stagnancy of the bitcoin price affects miners reward greatly, unless from the fees of day traders.

dansus021

copper member

Activity: 1988

Merit: 905

Part of AOBT - English Translator to Indonesia

I dont know what are you trying to say

But if you want to talk about the Bitcoin Miner here is the story, basically when bitcoin get mined the difficulty will get bigger and because of this old ASIC miner would go inefficient, that when the ASIC maker like BItmain or Canaan make move by upgrading to newest version of their ASIC to keep up the demand is same like what Intel AMD and NVdia do.

When the bitcoin all been mined the miner still get the money from the transaction fee. Since the halving keep the reward to find a block getting low every 4 years the scarcity of bitcoin become inevitable. Basic supply and demand when there is a ton of demand but low supply the price will up.

Final Answer Yes Bitcoin will last. In my Opinion.

junder

hero member

Activity: 1092

Merit: 507

Leading Crypto Sports Betting & Casino Platform

Quote from: Apocollapse on September 30, 2023, 10:12:00 AM

Bitcoin is no longer profitable for miner when Bitcoin price isn't increased, the electricity cost went to high, or it's mined by solo miner.

Big companies are still making money through mining and in the last they're the one who will stand. I believe Bitcoin price will increase into certain level where it's near to the cost of mining Bitcoin just like current situation.

Bitcoin miners are mostly OGs, they're not a weak hands.

Yes, that's right, and what I read in the news about bitcoin is currently going to shoot up, even bitcoin closed the month of September positively, the increase in bitcoin that will shoot up is certainly what the community is waiting for, but investors and traders must also be aware of the news circulating because it could be fake news, but if it is true that the increase in bitcion will shoot up this is a good opportunity for investors and traders.

Few people take advantage of bitcion when the price drops and don't buy it, then when they find out the rapid increase in bitcoin they will regret it, in my opinion bitcoin is guaranteed but it is not free from risk either, back to ourselves whether we are sure or not in doing or entering a field.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: Jessie2121 on September 26, 2023, 09:37:14 PM

What's really happening to Bitcoin is that it could reach a point where miners find it not viable to mine and it will make some of them to switch off their machine, as it is many have already done so. Some people keep screaming out their neck that Bitcoin is finished because of the current price which has been roaming around $26k for some time now and is not going up anytime soon, but I'll say that's never the the case, now is a good time to consider a long term investment. Let's forget the noise people are making out there, those who bought at high price or those who sold due to panicking/fear, the thing is if you understand the technology you would know that the next bull is coming and now is a great time to think about jumping in the market.

Technically, we are still in the bear market, so not sure if those as you described, screaming out their neck that bitcoin is finished? doesn't really know how the market works. At $26k, the price is already good in my opinion, as compare to last year wherein we really have a rough time at around $15,500.

As for the miners, it's all business, maybe when they think that they need to sell some of their stash to continue their operation so I guess they will do that and nothing is wrong with that. Again, it's the business side of it, whether they want to stop mining and switch it off right now because they are not making money, or continue and sell some and wait for the next bull run to make profits.

Apocollapse

hero member

Activity: 924

Merit: 728

Bitcoin is no longer profitable for miner when Bitcoin price isn't increased, the electricity cost went to high, or it's mined by solo miner.

Big companies are still making money through mining and in the last they're the one who will stand. I believe Bitcoin price will increase into certain level where it's near to the cost of mining Bitcoin just like current situation.

Bitcoin miners are mostly OGs, they're not a weak hands.

Majestic-milf

hero member

Activity: 784

Merit: 589

Quote from: Bureau on September 28, 2023, 08:04:34 AM

Quote from: Jessie2121 on September 27, 2023, 10:05:07 AM

What's up with guys and someone who's trying to get along in this forum? Must it be that everyone who came here are for only joining campaign? Fine I mixed everything up and I didn't get it right with the post but that doesn't mean I only want to join a campaign and rank up, God. Your mindset and mine isn't the same. Enlighten me, teach me and I'd be glad to learn and not making everything look like is all about the campaign and rank up. Like who wouldn't want to rank up? Wasn't expecting what you said, but thanks but no thanks. I guess your presence do add much value, humans.

Do not get me wrong but your reply shows you are ignorant and dumb. What was your motive behind creating a topic that you do agree doesn't make any sense? If you think such topics do not get reported to mods then you have no idea how this forum works. If you are not able to take a simple feedback then you won't be able to learn anything here. Don't disguise yourself with words like learn, teach and etc here. We all know why people create topics here and what makes them engaged to the forum. BTW, none of us are running a charity or a school as this is a forum where you are a student and you are your own teacher.

Hey, you are sounding like you've got personal ish with the Op, bruh. I feel there's so many ways to call out someone who you feel is just interested in opening threads so they'd possibly rank up and enter sig campaigns. The op has realized their mistake and instead of being so harsh, you should have just ignored them.
You may be right that the forum's not a school but it would not hurt no one if you at least pointed them in the right path.( Which you did by the way before you began your lashing)

And to the op, I don't think this is the right board to have this discussion because from what I've understood, your topic is related to BTC mining and/or Economy and this is the legal board. So I'd suggest you move it there.

Bureau

sr. member

Activity: 406

Merit: 262

Eloncoin.org - Mars, here we come!

Quote from: Jessie2121 on September 27, 2023, 10:05:07 AM

What's up with guys and someone who's trying to get along in this forum? Must it be that everyone who came here are for only joining campaign? Fine I mixed everything up and I didn't get it right with the post but that doesn't mean I only want to join a campaign and rank up, God. Your mindset and mine isn't the same. Enlighten me, teach me and I'd be glad to learn and not making everything look like is all about the campaign and rank up. Like who wouldn't want to rank up? Wasn't expecting what you said, but thanks but no thanks. I guess your presence do add much value, humans.

Do not get me wrong but your reply shows you are ignorant and dumb. What was your motive behind creating a topic that you do agree doesn't make any sense? If you think such topics do not get reported to mods then you have no idea how this forum works. If you are not able to take a simple feedback then you won't be able to learn anything here. Don't disguise yourself with words like learn, teach and etc here. We all know why people create topics here and what makes them engaged to the forum. BTW, none of us are running a charity or a school as this is a forum where you are a student and you are your own teacher.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: Jessie2121 on September 26, 2023, 09:37:14 PM

Let's forget the noise people are making out there, those who bought at high price or those who sold due to panicking/fear, the thing is if you understand the technology you would know that the next bull is coming and now is a great time to think about jumping in the market.

We can't really dismiss the issue though. Buying at the top is absolutely devastating regardless of what asset you buy. I do agree that Bitcoin will bounce back but people should prepare themselves if they plan to invest and not use it as a currency.

Quote from: Jessie2121 on September 27, 2023, 10:05:07 AM

Like who wouldn't want to rank up? Wasn't expecting what you said, but thanks but no thanks. I guess your presence do add much value, humans.

No need to take everything personally. His point is basically to improve your topics if you want to get noticed by other users and get merits to increase your rank. A topic like this usually ends up in the trash can since the discussion gets boring quickly. Besides, you make it on the Legal board which is not really the best place to post it, Do try to make it better, everyone starts from 0. Good luck.

FP91G

legendary

Activity: 1610

Merit: 1026

Quote from: Jessie2121 on September 26, 2023, 09:37:14 PM

What's really happening to Bitcoin is that it could reach a point where miners find it not viable to mine and it will make some of them to switch off their machine, as it is many have already done so. Some people keep screaming out their neck that Bitcoin is finished because of the current price which has been roaming around $26k for some time now and is not going up anytime soon, but I'll say that's never the the case, now is a good time to consider a long term investment. Let's forget the noise people are making out there, those who bought at high price or those who sold due to panicking/fear, the thing is if you understand the technology you would know that the next bull is coming and now is a great time to think about jumping in the market.

Look at the new ASICs, which have very good energy efficiency. I am ready to assume that the cost of mining coins from large miners on such ASICs will not be more than 17-20 thousand dollars, and for another 4 years there is no reason to worry about it.
https://bitcointalksearch.org/topic/m.62886704

Jessie2121

member

Activity: 129

Merit: 16

Quote from: Bureau on September 27, 2023, 07:34:49 AM

Quote from: Jessie2121 on September 26, 2023, 09:37:14 PM

What's really happening to Bitcoin is that it could reach a point where miners find it not viable to mine and it will make some of them to switch off their machine, as it is many have already done so. Some people keep screaming out their neck that Bitcoin is finished because of the current price which has been roaming around $26k for some time now and is not going up anytime soon, but I'll say that's never the the case, now is a good time to consider a long term investment. Let's forget the noise people are making out there, those who bought at high price or those who sold due to panicking/fear, the thing is if you understand the technology you would know that the next bull is coming and now is a great time to think about jumping in the market.

They will not help you in growing up the ranks if you are here to become a part of signature campaigns.

What's up with guys and someone who's trying to get along in this forum? Must it be that everyone who came here are for only joining campaign? Fine I mixed everything up and I didn't get it right with the post but that doesn't mean I only want to join a campaign and rank up, God. Your mindset and mine isn't the same. Enlighten me, teach me and I'd be glad to learn and not making everything look like is all about the campaign and rank up. Like who wouldn't want to rank up? Wasn't expecting what you said, but thanks but no thanks. I guess your presence do add much value, humans.

Bureau

sr. member

Activity: 406

Merit: 262

Eloncoin.org - Mars, here we come!

Quote from: Jessie2121 on September 26, 2023, 09:37:14 PM

What's really happening to Bitcoin is that it could reach a point where miners find it not viable to mine and it will make some of them to switch off their machine, as it is many have already done so. Some people keep screaming out their neck that Bitcoin is finished because of the current price which has been roaming around $26k for some time now and is not going up anytime soon, but I'll say that's never the the case, now is a good time to consider a long term investment. Let's forget the noise people are making out there, those who bought at high price or those who sold due to panicking/fear, the thing is if you understand the technology you would know that the next bull is coming and now is a great time to think about jumping in the market.

The title does not match what's written above, are your thoughts about miners leaving or consoling everyone? The first part is all about miners not being able to make a living if the price remains stagnant. To answer that I would say, please wait till halving and then get ready for the bull run. The second half is a combination of FOMO and weak hands, which everyone knows, does not make any sense to discuss it once again. I am sorry to say but creating such topics does not add any value to the forum. They will not help you in growing up the ranks if you are here to become a part of signature campaigns.

Jessie2121

member

Activity: 129

Merit: 16

What's really happening to Bitcoin is that it could reach a point where miners find it not viable to mine and it will make some of them to switch off their machine, as it is many have already done so. Some people keep screaming out their neck that Bitcoin is finished because of the current price which has been roaming around $26k for some time now and is not going up anytime soon, but I'll say that's never the the case, now is a good time to consider a long term investment. Let's forget the noise people are making out there, those who bought at high price or those who sold due to panicking/fear, the thing is if you understand the technology you would know that the next bull is coming and now is a great time to think about jumping in the market.

Topic: Is Bitcoin On It's Last? (Read 174 times)