The hashrate is crashing. Miners are fleeing to save themselves. Once the halving happens it is going to collapse...

Meanwhile s19's are sold out

If the difficulty to mine is lower, isn't also its value? If I could go mine 1000 tons of gold in my backyard it would definitely be worth less.

>Plague canceled, quick pivot to the hash rate fud!

It lets you keep your money in the form of a number on an account. Most people would prefer not to sit on top of a pile of physical gold and cash as long as possible, but they would also not like their money-as-a-number-on-an-account to suddenly disappear or become frozen because their bank failed. Bitcoin solves all logistical money woes.

>omg its dying
really?again?

I disagree. All Bitcoin had to do was not bottom out well after the stock market. We haven't seen the bottom of either yet, so the test is still underway, but it handled the first leg like a champ.

this

Oh no. Better sell quick. How scary.

>handled the first leg like a champ
By crashing to 3k? Absolute delusion.

Little miners shaken out by big miners. It's all about removing the competition man. Nothing is wrong. This is exactly how it's supposed to go.

>failed
Holy cope. Bitcoin has succeeded and there is zero doubt to anyone with the ability to use their brain

remember what happened before every time miners capulate

Attached: 14456566546.jpg (235x214, 8.7K)

>value vanishes 60% overnight
>this is a quality asset
Bitcoiners are fucking absurd.

You can't mine extra Bitcoin like you can gold, that's the whole point of difficulty adjustment. It meters it out so that its only every 10 min on average. The last two weeks it was taking 12 min on average to solve blocks because hash rate dropped so that's why difficulty was reduced

>because their bank failed. Bitcoin solves all logistical money woes.
because their power went out

Imagine the power goes out in your country for 2 weeks. How are you buying anything?

You cant mine extra gold other than what's on earth (at the moment, and creating gold in the lab is more expensive than what it is worth scrap value)

The difficulty adjusted today of course the hashrate fell retard.

Now that the difficulty is down we will see 3 weeks of increasing hashrate.

>crashes so hard it becomes only 20x what it was worth 5 years ago
> rebounds
>now only 30x what it was 5 years ago
jesus christ zoom out you peasant

You might see a dead cat bounce, but the fact is that the hash is collapsing because the miners know that bitcoin is a failed experiment. Actions speak louder than words, get out now while you still can.

>mingers copulating

Attached: 1555036753436.png (189x266, 59.12K)

While everything else was crashing and then rebounding while all other assets fell?

Nothing else crashed 60+%

Lol, everyone is just dedicating their rigs to Folding@Home for CoronaCoin.

>Is there any incentive at all to buy bitcoin anymore?
to sell it 20 minutes later

Sure but there is an unknown amount, and the rate of issuance will increase as more energy is put toward mining it. Bitcoin keeps its issuance fixed with difficulty adjustment, its the most genius part of the protocol and insures it will never die

With cash. Bitcoin is for keeping your real money, not your bread buying money. We're not talking Mad Max shtf, just Great Depression with banks collapsing tier scenario. But even in true shtf, your bitcoin, like your buried gold bars, is for buying a house after things get back on track, and your ammo and meds are for getting you there,

Bitcoin crashing 60% is a regular Thursday. It didn't go to 0.

>he doesn’t know
m.youtube.com/watch?v=jfx7PnMtCeY

It's crashing just like the price. It looks even worse when zoomed out.

blockchain.com/en/charts/hash-rate?timespan=2years

blockchain.com/en/charts/hash-rate?timespan=all

Never selling

Idiot

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enjoy your empty bags
better to go down with the ship than to cut your losses short, eh?

Zoom out faggot

Attached: Screenshot_2020-03-26_02-42-10.png (1880x804, 81.48K)

Log scale

Attached: Screenshot_2020-03-26_02-46-13.png (1877x799, 60.1K)

lmao, how can you look at that chart and not see that it's about to flatline and plummet?

Well you see I have an IQ above 80

and a ton of empty bags by the sound of it

Attached: halvening.jpg (814x1000, 85.71K)

You clipped off some data points on the right.

This is the sharpest drop in BTC's hash rate ever.

Attached: Untitled.png (1329x492, 31.29K)

>your ammo and meds are for getting you there,
Retarded American obsessed with weapons

how convenient for his narrative
I'm sure it was an accident

Empty bags? As in I'm looking to fill them? I wish I had the spare cash. I've been around long enough to spot a retarded faggot when I see one though. What do you hope to accomplish on Yas Forums of all places?

I didn't clip anything. You're looking at a different chart.

Attached: Screenshot_2020-03-26_02-54-12.png (1905x826, 65.98K)

I mainly browse to monitor the general sentiments of normies like you
and no, as in BTC is about to plummet to zero, and you're not going to be in time to get rid of yours with that attitude

>and no, as in BTC is about to plummet to zero
oh no I better sell ahhhhh!!!

Jesus dude are you even trying?

$2K or lower by summer / fall. Christmas recovery. That's my bet.

Kleros will continue gaining against ETH.

yes, unironically, you better sell indeed
the sooner the better for your sake

When miners leave, others will fill the void. I'm happy with my POS cryptos, like Algorand - long-term game plan is to HODL and earn passive income at the side. KEEP IN MIND I USED MINE BTC/ETH/ZEN (miss the thrill of mining, but its a such a fast-paced industry)

Oh, so you're just here to warn everyone with your insider knowledge, unlike the 10,000 other low IQ trolls that have been saying the same thing for the past 10 years. How nice of you.

I already told you why I'm here, and that's not it, so perhaps you should consider reading what people write more carefully
and it's not insider knowledge that BTC is about to plummet to zero, anyone with half a brain can easily see that

I got it from blockchain.com. Your chart doesn't look like it has the latest data.

Without miners the whole system collapses. If BTC doesn't double in value after the halvening how the fuck are miners going to afford their electricity bills?

> anyone with half a brain can easily see that
So what you're claiming is that literally everyone holding bitcoin right now is stupid? Wow where have I heard that before...anyways I'm going to bed. You should reconsider your life choices my dude, I feel pity for you.

>miners
>many miners are chinks
>many chinks are dead or missing
Imagine being manipulated by chinks and their government.

exactly, and most of them will abandon ship before the halvening actually occurs
see image attached to yes, people holding Bitcoin right now are completely retarded

I guess I just don't understand.. If price doesn't go up and it isn't profitable people will turn off their miners.. that being said, the miners that survive would be raking and the difficulty would be lower no?