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File: 169 KB, 1260x965, halv.jpg [View same] [iqdb] [saucenao] [google]
57465974 No.57465974 [Reply] [Original]

What will newfags do when they realize the halving is a dump the news event?

>> No.57465996

>>57465974
When will newfags realize that BTC follows the equity markets, if there's a macro crash bitcoin wont pump worth shit.

>> No.57466002

Always wondered why it does that

Is it because some miners know they’re not going to be profitable in the next cycle on a month to month basis so they dump everything to exit the market completely?

So it’s sort of a partly a self fulfilling cycle but also based on reality of not everyone being able to afford to run at break even or medium term loss?

>> No.57466052
File: 184 KB, 689x897, minerss.png [View same] [iqdb] [saucenao] [google]
57466052

>>57466002
They get their cashflows cut in half. That is what the halving does. This forces them to gamble: Sell now while hyped noobs kept the price up, or potentially face bankruptcy. Imagine Powell is lying again and there is a recession after they get their income halved, and their BTC bags dumped, while you are in debt in the middle of expanding your business. Of course many will just not take that gamble and dump on the public. You just need a small impulse and the rest will dump due sell the news mentality. Also less hashrate = less secure network = less valuable network even if tards want to argue this.

>> No.57466348

>>57466052
This feels like a big risk to me. Not the fake and gay "carbon expenditure" of bitcoin mining, but the fact that the "muh green energy" movement has made energy much more expensive. Bitcoin would be almost free to process transactions if we reduced "non-green" carbon regulations, or more importantly, invested in nuclear power.

>> No.57466408

Love me sum slurpin

>> No.57466445
File: 6 KB, 140x250, 1702620975405647s.jpg [View same] [iqdb] [saucenao] [google]
57466445

Yes it will dump hard and then mega pump November 2024 through June of 2025

>> No.57466471

>>57465974
>it happened exactly once
>i-it will happen again, i-it just will, okay?
cherrypicking faggot, KYS.

>> No.57466475

>>57466348
ticker BTC can switch to PoS with as little as few millions paying the exchanges to do so

>> No.57466517
File: 12 KB, 220x172, pepe-tired-done.gif [View same] [iqdb] [saucenao] [google]
57466517

>>57466475
>proof of stake

>> No.57466528

>>57466517
I think he meant Piece of Shit

>> No.57466544

>>57466445
October, fren.
October 2025.
Ath 2014 january.
2017 december.
2021 november.
2025 october...

>> No.57466561

>>57465996
yeah but for 99.999% of people who cant predict what macro will do (thats you), its best to assume the market keeps trending while hedging tail risk

>> No.57466574

>>57466528
>>57466517
no Proof of Stake yes
remember ticker BTC, that is what you trade, and the chain corresponding to that ticker is up to the exchange

>> No.57466579
File: 38 KB, 546x565, loading.png [View same] [iqdb] [saucenao] [google]
57466579

>>57465974
>Yes I determined this pattern with 1 (one) data point why do you ask?

>> No.57466607
File: 933 KB, 1503x2866, soft_landing.png [View same] [iqdb] [saucenao] [google]
57466607

>>57466579
>>57466471
You fucking newfags are betting on Powell delivering a soft landing (this time is true) not ruining your bullrun. Good luck with that.

>> No.57466617

>>57466607
Powell is rugging the economy with no survivors.

>> No.57466709

>>57466052
So basically, miners don't know about the halving and the economic consequences and would rather dump before than sell as little as possible and instead sell half a year later?
Anon, I...