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/biz/ - Business & Finance

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12034493 No.12034493 [Reply] [Original]

Someone said TA confirmed 100% $3600 floor, and Chinese electricity costs meant it couldn't go lower

I went all on for fuck sake

>> No.12034508
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12034508

>>12034493
> Recheck those meme lines anon.
> ....and zoom out.

>> No.12034513
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12034513

>>12034493
Its lower now though.

>> No.12034525

The bottom is $100

>> No.12034531

Cost is constantly dropping with the difficulty adjustment.

>> No.12034566

>>12034493
so let me get this straight Anon, you bet your life savings on... Chinese electricity prices

you are retarded and deserve to die shivering for warmth under a bridge

>> No.12034608

somebody on here told you the price of electricity in China?

and you believed them??

>> No.12034633

>>12034493

price is in no way connected with the mining costs

>> No.12034679

>>12034493
The market can stay irrational longer than you can stay solvent.

>> No.12035122

>>12034493
Man, you guys are idiots.
like it isn't called mining for no reason.
When precious metals like gold, platinum silver etc mines stop selling.
It dosent mean they stop extracting. It just means they put it in a pile until it's worth enough to sell.
It's not a coincidence that satoshi called it mining. Jesus Christ

>> No.12035142
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12035142

bought at 10k
>it dumps

bought at 8k
>it dumps

bought at 7k
>it dumps

bought at 6.1k
>it dumps

bought at 4k
>it dumps

bought at 3.6k
>still dumping

>> No.12035183

>>12034493
Gotta learn what difficulty adjustment means first

>> No.12035299

>>12035142
>zero patience

kids these days...

>> No.12035304
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12035304

>>12034493
If it does down 84.9 % from all time high like it did during the bull run before last, that puts the bottom right at around $3k
The cost of mining 1 btc in China is ~$3k, which is significant because companies like bitmain that control around half the hash power are located in Beijing, China
So I would look for right around $3k for the bottom
Or it could go lower and test the older all time high which would put it around $1k, but I have a better feeling about $3k

>> No.12035322
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12035322

>>12035142
you're supposed to sell when it bounce not buy

>> No.12035334
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12035334

>>12035299
>tells me $3500 is the absolute bottom
>buy in at that price
>"DUREP YOU KIDS HAVE NO PATIENCE"

FUUUUUUUUUUCKKKKKKKK YOUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUU