Don't forget to take some profit
nice mee lines. but we are totally hit 8400 first. ANOTHER BULLFLAG WAS JUST PAINTED. IM COOOOOOMIN
>taking profits
you can buy them back
This. Reminder BTC has never pumped on halving. Think of the consequences of hashrate.
what the fuck is that chart
is the purpose of your image to induce rage
well then consider me autistic.
The Hs standing for 'Halving'
>taking profit at the start of the GBR
execrable mongaloud
oh yeah we'll now it makes sense now im glad the horizontal time scale is also logarithmic
That's not what halving refers to it. It means half the available bitcoins have been bought.
based and checked
are we at disbelief? im getting hit with green dildos everyday. wtf!
That's not what halving refers to it.
do you mean what the halvings [in the image] refer to?
why would you assume that what I was saying was not what you were saying. like what did you think I was saying if not what you were saying?
zoom out
just bought 300 usd of btc
>The Hs standing for 'Halving'
I'm sorry what ? do you even know what the halvening is ?
Maybe read a few pages on investopedia then rejoin the conversation.
Also goes for you.
Yo went full retard here sonny
Then you should be able to explain why.
I implore you to read up on what the bitcoin reward halving actually is. Because you have clearly misunderstood.
It happens roughly every 4 years btw. Last one was 2018 and there has been none since.. Literally impossible to have as many as you have put on that graph
>taking profits
>when alt season hasn't even begun
Also, on hashrate.. It is true people 'may' quit mining, since it is barely profitable at today's price let alone once the rewards are halved.
But I think the reduction will be far lower than anticipated. We may even see no reduction at all, since Antminer S9s are now selling for as low as $25 and impoverished masses are being priced in. With cheap electricity, these areas can mine profitably even with hardware almost half a decade old.
To no surprise of mine at all it seems Yas Forums has no clue about any of the fundamentals of crypto so I'll oblige:
Bitcoin nodes work somewhat like ISPs, when a bitcoin is bought from a miner it enters into play and now the node has to keep track of it and pings it's web location. The more bitcoins out there the more bandwith is required for this. With Moore's processing law every time the number of actions needed double you'd need double the processing power. This is 1) expensive so the miners charge more for the bitcoin and you get fewer buyers and 2) takes a whole for the nodes to double their server power. So you get a crash EVERY TIME, check the chart.
Fucking hell this response made me laugh so hard I was wheezing on the floor gasping for air
Top tier trolling user I ffucking love this website sometimes
woah don't go all in champ
>five halvenings
Based! lel@fresh pasta
your first image was quite artful
now whether you're trolling or not the quality of your posts is something like a street on which toilets are worshipped
Make sure to survive the end of the month user.
Its when the price halved retard
It already broke your meme line OP. Nice FUD thread though.