Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
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a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
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When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes
You guys are logicians IRL, amirite?
like i said.. it seems we should have gained confidence after we almost got stamped and bitcoin barely moved down any.
you had the perfect storm opportunity to crash bitcoin on down and yet here we are still uncrashed to 0... barely moved.
i do not believe your scenario will happen before halving based upon this alone.
A few things:
Stamp panic should have spiked coin prices as soon as stamp reopened. BTC withdrawals were possible @ the time, fiat not so much.
I am not trying to "crash bitcoin on down," I enjoy observing the antics of Bitcoiners.
P.S: Do something. Don't make me shake the box.