/biz/ - Business & Finance

BTC hashrate IS in a bubble

Is about to pop

>>16631689
>soon

>>16628108
>the longs
>the shorts

They both still think hashrate isn't in a bubble.

This is gonna get ugly fast...

Did you sell all your mining equipment yet?

>>16610541
>Does this board not have a sense of time?
They do.

They were only unloading all theire useless mining equipment.

First a software exit then a hardware exit.

Looks mighty bubbly. Have you dumped that mining equipment yet?

What do we do now?

Hashrate on death watch.

When the hashrate bubble pops you are going to have a hard time selling that hardware.

>China’s bitcoin miners now control two-thirds of the crypto network’s processing power

https://www.reuters.com/article/us-crypto-currencies-mining/chinas-bitcoin-miners-scoop-up-greater-production-power-research-idUSKBN1YF1PB

Hashrate is in a bubble.

Anyone want to explain to me why hashrate is undeniably in a bubble?

Hashrate is in a bubble. Have a nice day.

Hashrate is going to collapse when the global recession is formally announced.

https://bitinfocharts.com/comparison/hashrate-price-btc.html

>>16493977
>he doesn't understand that this is exactly how bubbles form

You're going to wish you didn't take that loan.

Consumer debt levels past the highs of 2008 now.

This is when bubbles pop.

Good luck flipping a deflated busted bubble.

Have you even seen the hashrate bubble yet?

>>16492873
It is also in a bubble that will pop one more time.
Software first (already happened) then hardware (soon to happen).

>>16487721
>will pump crypto to the fucking sun.
Those wax wings already melted. Now just waiting for the hardware to sink into the bottom of the ocean floor.

Denial really has fully set in. Crypto enthusiasts literally think they are immune from a global recession. The price has been collapsing since the peak in December 2017 and people think just because the miners needed to unload their equipment in a slow orderly fashion that somehow there is a future for crypto in it's current form.

The floating currency regime has exhausted its bag of tricks with blockchain and the entire digital construct is in jeopardy. When this global recession hits the deflation is only going to speed up.

Like I said USD is the most deflationary currency in the world. Nothing will stop this.

>>16490404
Yes.

Hashrate is about to collapse

>>16476896
No i'm still denying that hashrate is in a bubble. Get back to me when I can't sell all this expensive useless mining equipment. Then I might prepare by using the equipment to heat my house.

>>16475134
>What's the difference between cope and hope?

Cope is when you see the Bitcoin hashrate chart and realize it is in a bubble.

Hope is when you see the Bitcoin hashrate chart and deny that it is in a bubble.

>>16474585
>Maybe 2017 was really a "one time" event
It is already at it's peak. You missed it. It is the great hashrate bubble of 2019 and it is about to pop.