Post
Topic
Board Speculation
Re: Halving guide for noobs: Why it's not possible for halving to be priced in now
by
Chalkbot
on 07/04/2016, 17:06:56 UTC

First off, you do not understand that Bitcoin has it's own decentralized exchange called mining.  Mining is demand.  There is no "may" about it.  Demand in comparison to supply hugely increases on the demand side and the centralized exchanges are forced to follow


I'm obviously not going to be able to persuade you from your viewpoint, and I'm okay with that.

I'll just add that I do understand the dynamics of mining. I was a miner for over 3 years (4 hardware generations). I shut it down and liquidated the equipment the moment that it became evident that we were approaching a point in time where costs would equal or exceed income, despite your claims in OP that no miner would ever do that.