Post
Topic
Board Mining speculation
Re: bitcoin goes high, halving gets near what's the 'near future' of mining?
by
notlist3d
on 13/06/2016, 06:20:20 UTC
In the near future I see a lot of miners being turned off after the big dump of the halving. We'll climb price based on speculation and then when the magical moment hits we'll see huge sell off.

I'm not sure I hope we don't see a massive sell off.  I keep refreshing coinbase as I look here at speculation threads and it's climbing a tad more and more each time.   Right now at 695 was hitting 697.   We could be crossing 700 I keep watching it hoping to see it but no luck so far.  *Edit it did drop to 688 so some selling off not surprising we might see a little sell wall.

Also if price keeps climbing it means less miners being turned off.  Espically if we get gains in value like this.  I'm not sure exactly what caused it to start moving so quick in past week or two.  But I won't complain.   I thought the "climb price" would be slower and a little more mild.   But it's hard to argue with whats happening now.