Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
empowering
on 30/06/2022, 13:29:47 UTC
If bitcoin keeps falling soon it won't be enough to just hold BTC. Every holder will have to buy a miner and make it work at home. Because falling under $ 17 000 will force many miners to turn off their equipment. Those who mine with S17 and pay $0.1 per kilowatt lose $1.2 every day if 1 BTC costs $ 20 000.

Oh my God... I just had this terrible thought... This could lead to a sort of negative feedback loop!  Ahh, what could we call it... an "abysmal spinning down".  No too clunky.  Umm, a "deceasement loop"... nah deceasement is not a word, is it?

I don't know... someone could come up with a good name for it.

How have we never thought of this before?


...death spiral ?

That's great!!! Have you checked for the .com .org and .net?

Or wait... do you mean that dude that posts those long long things here recently?


heh heh, nawh, inspired by some LUNAtics I saw on twitter moaning about how they lost a few pennies at the hands of some Korean deewd