Post
Topic
Board Mining (Altcoins)
Re: GPU mining - Am I better off inventing time travel?
by
philipma1957
on 02/03/2021, 15:43:24 UTC
we need the bull run to top next year, like the end of 2022. these folks keep on dreaming of bear market.

a good "fake beginning of bear market" will shake out a good bunch of them hehehe  Grin

History does have a way of repeating itself, and I'm willing to bet there were plenty of 'bear-market deniers' back in 2018 too.

If you always call for a bear sooner or later it shows up.

Todays $ per mh is  0.0882 down from yesterdays 0.094 or so.

To think the bears are waking up in the spring times a normal thing to think right now.

We peaked at 0.131

So low in July 0.015
High in Feb.    0.131
price in March 0.088

looks bearish or is it this chart below.

I think its too late now, bear market is on the horizon as the cycle is almost over.  Profits plunging and difficulty rising, no point starting now, wait for the market to correct and buy coins instead during bear market.

Once again how on earth do you know the cycle is ending.  Are you a clairvoyant?



look at the chart I grabbed from binance.us  and redesigned to show my point

where are we on this chart on one spot price is ready to move up
on another spot price is ready to drop




I understand you think we are on the righthand slope and handed downwards.

I would like to think we are on the left hand slope and headed up.


The truth is I do not know which one we are on and neither do you.

If either one of us knew we would be time travelers. Grin


as data points come in. for $ per mh. more of them at 8 cent or 0.08 will mean bears are woke.

But a simple bounce back to 0.09  will mean the bears are caged again.