Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8220.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: sirazimuth on March 12, 2020, 05:01:01 PM

Quote from: goldkingcoiner on March 12, 2020, 04:34:50 PM

Wait. What happens if miners decide to stop mining because its currently not worth it?

Well then as difficulty decreases, you simply buy a few of these bad boys, plug em in to pc and start mining your very own bitcoin!

Easy peasy!

...oh wait a minute....

If hashrate falls, I imagine these will become a hot selling item...

https://www.amazon.com/dp/B07ZDLKC44/ref=sspa_dk_detail_5?psc=1&pd_rd_i=B07ZDLKC44&pd_rd_w=FfvJu&pf_rd_p=45a72588-80f7-4414-9851-786f6c16d42b&pd_rd_wg=EpCf7&pf_rd_r=QE4RVCH2DR9FPHS9RFYE&pd_rd_r=254c46de-42cf-40b0-a111-9ab2eccb1b96&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUExMlZLRTJaUzhVNTAzJmVuY3J5cHRlZElkPUEwODk1MTczMUlQMFUzVVdHRDFZUCZlbmNyeXB0ZWRBZElkPUEwNTg5ODM1MU85SUQyUFoyR0ZPUiZ3aWRnZXROYW1lPXNwX2RldGFpbCZhY3Rpb249Y2xpY2tSZWRpcmVjdCZkb05vdExvZ0NsaWNrPXRydWU=

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: goldkingcoiner on March 12, 2020, 04:44:06 PM

People have only started panicking. We are not even in the eye of the storm yet.

That’s the spirit.

Only when I contemplate not selling my stash because it isn’t worth shit anymore anyway, is the moment I know we will have hit rock bottom.

The best solution for low prices still is ... lower prices Grin

dragonvslinux

legendary

Activity: 1722

Merit: 2213

Quote from: Gyrsur on March 12, 2020, 05:06:05 PM

WO dudes watch the 200WMA. ridiculous! Roll Eyes

And the rest Grin

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: mindrust on March 12, 2020, 04:40:04 PM

Quote from: goldkingcoiner on March 12, 2020, 04:34:50 PM

Wait. What happens if miners decide to stop mining because its currently not worth it?

Death spiral.

At these prices MAYBE Bitmain and Innsilicon COULD MAYBE mine at less 4c electric and they got the miners to themselves at cost

after halving.

But, they could very well be the pow network left standing for ASIC pow coins of any flavor

I'll bet my own money right now that Bitcoin Core developers would make Bitcoin a POS coin first before allowing that to happen.

Bitcoin as of now is dropping where the stock market would like to crash too, as well, the only difference is the so-called stock market circuit breakers

kicking in. Also, this is with 1,300 cases in the USA just wait till all the states are looking like polka dots like Oregon.

Again, I expect a 40% hit on the stock market and 60% on BTC/crypto.

I see no path out here. Tis a complete 'miner capitulation' for ASIC miners IMHO because of halvnig..that's all she wrote boys and girls.

brad

mindrust

legendary

Activity: 3276

Merit: 2442

I am having trouble with sleeping. I feel sick. (No it is not corona)

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

WO dudes watch the 200WMA. ridiculous! Roll Eyes

did Russia start the nuclear WW or what happens?

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: goldkingcoiner on March 12, 2020, 04:34:50 PM

Wait. What happens if miners decide to stop mining because its currently not worth it?

Well then as difficulty decreases, you simply buy a few of these bad boys, plug em in to pc and start mining your very own bitcoin!

Easy peasy!

...oh wait a minute....

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

keep buying

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: goldkingcoiner on March 12, 2020, 04:57:17 PM

https://www.telegraph.co.uk/news/2020/03/12/tom-hanks-wife-rita-wilson-infected-coronavirus-australia/

Oh great more panic making coming in from the celebrities.

If he dies I expect an animatronic Tom to replace him operated by CIA puppeteers. Trump can sick up his own ruined lungs on the Resolute desk live during a TV address and the world will keep on turning. No way will They let Tom meet the same end. If he goes our will will be broken.

goldkingcoiner

legendary

Activity: 2310

Merit: 2119

A Bitcoiner chooses. A slave obeys.

https://www.telegraph.co.uk/news/2020/03/12/tom-hanks-wife-rita-wilson-infected-coronavirus-australia/

Oh great more panic coming in from the celebrities.

Lambie Slayer

hero member

Activity: 994

Merit: 707

https://www.wired.com/2000/01/y2k-alarmist-wha-happened/

"North has made a living predicting that modern society will end in panic and ruin. During the '80s, he advised people to stockpile gold because he saw a nuclear war coming with the Soviet Union. Around the same time, he predicted an AIDS epidemic that would overwhelm the world's hospitals.

North said he remains baffled as to why the transition to 2000 didn't bring the global chaos he and others had anticipated.

Statistically speaking, North thought there should have been at least a few brownouts and blackouts. Clearly, world governments were planning on some kind of trouble. How else do you explain the fact that police officers the world over had to work New Year's Eve?" Roll Eyes

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: goldkingcoiner on March 12, 2020, 04:34:50 PM

Wait. What happens if miners decide to stop mining because its currently not worth it?

Some of them drop out and the difficulty adjusts, making it profitable once again for less efficient miners to jump in. It's a self-balancing mechanism. Driven by greed, thus ensuring that there will always be miners.

dragonvslinux

legendary

Activity: 1722

Merit: 2213

Quote from: goldkingcoiner on March 12, 2020, 04:34:50 PM

Wait. What happens if miners decide to stop mining because its currently not worth it?

They capitulate.

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

Meanwhile at your local drug dealer:

Bitcoinaire

sr. member

Activity: 696

Merit: 439

Quote from: goldkingcoiner on March 12, 2020, 04:44:06 PM

Quote from: Wolf Rainer on March 12, 2020, 04:40:39 PM

Everything is fine, halving in two months. Whales shaking weak hands.

Oh stop it with the bullshit already. HALVING THIS HALVING THAT. This is obviously due to the corona panic, just like in every other market.

Human panic is unpredictable. We could see Bitcoin go down to three digits, no problem. Halving is not going to do squat at the moment.

People have only started panicking. We are not even in the eye of the storm yet.

Yes, but when this virus thing blows over in a few weeks or a couple months, the price will explode that much more. This is just adding more fuel for the fire, its going to be epic.

bkbirge

sr. member

Activity: 1197

Merit: 482

Quote from: HI-TEC99 on March 12, 2020, 04:44:55 PM

Quote from: hodl_2015 on March 12, 2020, 04:39:26 PM

Quote from: HI-TEC99 on March 12, 2020, 04:35:16 PM

That's a really depressing image. just look at that TP.

That's because everyone else has been panic buying all the toilet rolls.

One of the few times I should have given in to the FOMO.

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Quote from: goldkingcoiner on March 12, 2020, 04:44:06 PM

Quote from: Wolf Rainer on March 12, 2020, 04:40:39 PM

Everything is fine, halving in two months. Whales shaking weak hands.

Oh stop it with the bullshit already. HALVING THIS HALVING THAT. This is obviously due to the corona panic, just like in every other market.

Human panic is unpredictable. We could see Bitcoin go down to three digits, no problem. Halving is not going to do squat at the moment.

The corona is just an excuse, thats why you are a weak hand, you panic easy and lose money. They are whales, they allways win money.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: hodl_2015 on March 12, 2020, 04:39:26 PM

Quote from: HI-TEC99 on March 12, 2020, 04:35:16 PM

That's a really depressing image. just look at that TP.

That's because everyone else has been panic buying all the toilet rolls. They have sold out.

goldkingcoiner

legendary

Activity: 2310

Merit: 2119

A Bitcoiner chooses. A slave obeys.

Quote from: Wolf Rainer on March 12, 2020, 04:40:39 PM

Everything is fine, halving in two months. Whales shaking weak hands.

Oh stop it with the bullshit already. HALVING THIS HALVING THAT. This is obviously due to the corona panic, just like in every other market.

Human panic is unpredictable. We could see Bitcoin go down to three digits, no problem. Halving is not going to do squat at the moment.

People have only started panicking. We are not even in the eye of the storm yet.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: dragonvslinux on March 12, 2020, 04:17:20 PM

Quote from: Raja_MBZ on March 12, 2020, 04:05:16 PM

Quote from: dragonvslinux on March 12, 2020, 04:02:39 PM

Quote from: infofront on March 12, 2020, 04:00:29 PM

If bitcoin drops below $5,500, I'll delete this entire thread. Bring it, bears!

Archived!

Can you please archive all of 26281 pages?

I recommend contacting LoyceV asap, he has the resources for this.
Edit: And he loves to scoop and scrape.

The correct URL is http://loyce.club/archive/topics/17/178336.html, although it only has 33794 of the last posts.
My other project has the first 2628 pages only, I'll continu that much later when my scraper is done with it's current tasks (probably around August).

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