Re: Bitcoin Miner Capitulation & Hash Ribbons Indicator
To be fair, for now, the miner capitulation appears to of been averted, instead it seems there was only minor capitulation 
What the hell is a "minor" capitulation?
Minor: lesser in importance, seriousness, or significance. (note pun).
You were saying capitulation we have 6 exahash in hash rate growth.
Even if we assume the best gear in efficiency that's 100k s17+ worth 170 mllion$ or 80 million if we go with cheap TH but power-hungry options.
You're arguing about miners capitulation with this amount of hashrate being added?
Even if we assume the best gear in efficiency that's 100k s17+ worth 170 mllion$ or 80 million if we go with cheap TH but power-hungry options.
You're arguing about miners capitulation with this amount of hashrate being added?
To correct you, the indicator claimed there was capitulation (which I agree with), given the historical relevance of this indicator for 9 years. Bare in mind there was also 'minor' "miner capitulation" three times in 2015. Arguably, you could say if it's minor capitulation it's merely a correction, and you'd be right, however I am referencing the indicator here rather than my own personal bias or perspective, that isn't relevant. The importance right now is that the recent correction/capitulation was very limited and short-lived, and therefore has reflected the 2015 corrections that occurred during accumulation.
Seriously why do you try to see things and trends and relations when there this one?
Yup, you nailed it again..../s
Hash Ribbons confirmed it's 10th buy signal in 9 years yesterday on the Daily chart,
Yup, you nailed it again..../s
Don't credit me, credit the indicator. I am just publishing what the mathematics have calculated
