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Topic: The mining downward spiral FUD was predicted months ago - page 2. (Read 322 times)

legendary
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Merit: 1252
I've seen a lot of people, specially mainstream media, reporting on how Bitcoin would crash because the economic incentives would collapse if the price went way below the cost of opportunity to produce more bitcoin supply. Everytime the price has collapsed a lot we've seen these. Well this guy predicted it months ago:

Quote
Lowest hanging fruit for the next batch of unsubstantiated FUD will be the "mining death spiral" articles that appear every bear market and halving. "Once the price hits miners will turn off their equipment and bitcoin will die"


https://twitter.com/matt_odell/status/1006968132001517584

Then months later we have this:

https://coingape.com/bitcoin-price-predictions-got-wilder-predicts-bitcoin-will-die/

The FUD machine has begun to go at full steam with the doomsday predictions: bottom's close.
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