This is not what i expected at all

I can not think of a more smoothbrained arguement than this.

A good portion of the margin longers, especially the most cocky ones, will be liquidated before the golden bull. That's how it's meant to be.

My fat cock is priced in your mouth.

they can't hold, they have electricity bills to pay, simply they will stop minning

Just buy in (BTC/ETH, no memeing) and do not margin trade. The way to make money on the crypto paradigm shift. There's still an easy 1,000x in the 2020s.

if i'm holding shitcoins will I be exposed to the market movements caused by this?
or is it already priced in?

Don't remember litecoin halving just a few months ago? tanked after halving. this shit going to 1k.

Yes, large companies that have been mining bitcoin for years will go bankrupt from holding for a few months. Jesus you guys are fucking braindead.

so what's a good price to buy btc?

Do not try to time the crypto market. Do not margin buy. Just buy in as fast as you can with as much money as you can forget about until BTC hits 1m, at least.

yea it's priced in you fucking retard

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Which may take many years, but may also happen in 2020.

Why not mine something else?

this

sure, but btc is down 8% in last 24 hours
what's going to be the low? right before it halves?

This. Everyone has bought into this cult-like mania that it has to go up based off two previous halvings.
No. No it doesn't.
If you're banking thousands you can't afford to lose on two data points, you're at peak delusion and are going to get burned, hard.

cult like mania? no one gives a fuck about btc anymore.
the fomo will be like none seen before. 60k ath and then a retrace to 15k per btc.

Less miners mean less Buttcoin being mined means fewer in circulation means by the mining all of them are gonna be bought making each worth 100 million trillion dollars

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>no one gives a fuck about btc anymore.

Every single person on earth that would be interested in bitcoin already knows about it at this point. The saturation point has been reached long ago.

Hi Mike

Exactly, this is why I’m so bullish, all the normies think it’s a ponzi scheme or tulip mania scam.

Isn’t it logical to assume that the halve innings will make the new bottom 10k so either prices go up or pretty much crashes because everyone cashes out of their miners and uses money to pay loans and other bills?

Network effect. Same reason why nobody has dethroned facebook as the biggest social network.

Bitcoin requires specialized ASICs to mine. You can only mine SHA256 coins with them. They'd probably switch to XMR otherwise. Every other SHA256 coin is a worthless shitcoin. Bitcoin is not going anywhere.

If there was an answer to your question everyone would buy at that point. Just pick a price, calculate your risk and go for it.

fair enough. I'm just trying to understand the impact of "halving"

Does that mean theyre buying the bottoms and accumulating? No they arent doing shit but wonder when the next superhero movie comes out.

Lol why even come to this place if you arent optimistic about the market?
I know, you were in the market but lost everything due to greed. Better start earning some fake money to buy some real coinage.

ALERT

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ALERT

Miners get half the amount of BTC from each mined block. This means that the price has to double for them to keep the current profit margins. Not to mention difficulty goes up as more miners join the network and compete for block rewards. At the moment break even for cutthroat miners is about $5k. After halving bitcoin literally cannot be under $10k, unless miners mine at a loss. They will stop selling their coins and pay expenses out of pocket, thus significantly reducing the flow of new bitcoin into the market, thus raising the price to their new breakeven and beyond.

wow, that's very concise and informative
Thank you kindly, that helps

I'm optimistic about BSV

Nothing else

thank you sir me understand now

Your boomer Dow is going to 1k soon lol.

False. I can think of a handful of people that will fomo come the next parabola. We are the early adopters.
The first 4/5 years were the innovators
The next early adopters up til now.
The coming wave is the early majority, some got burned in the previous phase but are early to the party.
Early majority will ride the next two bubbles.
Then the late majority in the late 2020's early 2030's, just as the current system grinds to a halt. People will transition ove the next 10 years throughout the 2030's.

The next 6 years will see crypto attempting to cross the chasm

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Of course, this means BTC is gonna be worth more on average over longer periods of time, but it doesn't necessarily mean that it will e.g. double in price right when the halving happens.

i feel so fucking happy i was smart enough to only buy link when i got into crypto in 2017.

fuck bitcoin LOL

my 5 thousand dollars is now 60k hahah

i could care less is it goes back to 5 thousand oh well.

The Halvening is upon us.

kek how new are you ? the whole reason btc went as high as it did was because of tether

The fact that crypto value is measured in USD really says it all.
Tommorow is gonna be Hell.

>hodling
>id has CUM in caps
>Believes in the can’t cash out meme
>Id has cum

are we in the chasm? kind of feels like we are

Yes but there are still bubbles within the chasm. Adoption and price still rise up as the chasm is crossed. The chasm is more of a technical breakthrough. The point when it becomes easy for the majority to use the technology.
I prefer to refer to these cycles as
>innovators
>smart money
>early adopters
>early majority
>late majority
>laggards
Early adopters adopt during the chasm, the early majority thereafter.

this is such a retarded meme phrase used by really young zoomers thinking its le funny le witty le humor man stuff

neck yourself bitshitv cultist

its couldnt care less you retarded peasant

>miners start HODLING
idk about that user

>the same argument newfags used the last 2 halvings

stay poor faggot

This is how a scammer talks.

Don't listen to this retard if you value your money.

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Everyone will switch to BSV, the real Bitcoin that scales and offers high volume of transactions, generating fees regardless of block reward subsidy

bitcoin is over bro
its old technology and old news
sell while you still can get some money from it

shit up bitshitv cultist you werent asked for your cult opinons of fraudtoshi's fake scamcoin

Effects of the halving will take months to see.
Probably 15k EOY