Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
heslo
on 22/06/2021, 10:54:17 UTC
Not looking good for the 30k support. Hashrate keeps droping and we do not know when it will recover. Volatility could (and likely will) go over the roof if it is broken.

At least if the hash rate doesn't come back online difficulty will once again adjust and everything will be ok with the world again; the beauty of bitcoin in how it was structured.

That being said I'm sure the hash rate will come online again, too much money spent on the miners themselves to just stop, I'm sure they're getting relocated to other parts of the world