Quote from: philipma1957 on May 02, 2024, 04:30:20 PM

So the fed adjustment of zero% is done and btc is making a slow recovery. I am hoping to see decent gains from May 2 to May 21.

Maybe we top 70k this month

Where (when?) have we heard that one, previously?

Quote from: philipma1957 on Today at 04:19:20 AM

Quote from: Gachapin on Today at 03:54:07 AM

Quote from: philipma1957 on Today at 03:06:14 AM

...

totally OT:
Phil, what do you think the all-time low hashprice will do to the price?

Well depends on duration of it. If we stay in the 4 cent a th level long enough miners will shut down a lot.

Maybe the death spiral that has been feared happens.

Or a simple drop in hash to help miners survive.

We saw crazy hash rate drop in april 2021 which dropped prices 60 to 30k.

not so sure what will happen but I will be watching.

Main problem with your rendition is that hash does not lead BTC price, even your historical assessment regarding the 2021 price drop...

But hey whatever, you are free to believe what you like.

Quote from: Gachapin on Today at 05:06:39 AM

Quote from: JayJuanGee on Today at 04:36:22 AM

Quote from: Gachapin on May 01, 2024, 08:36:21 PM

BTC dumping harder than many shitcoins Roll Eyes

Yeah, but so what?

Why would that even matter? We surely don't give any shits about bitcoin's dominance in coinmarket cap in these here parts or do we?

money flowing from BTC into shitcoins could indicate whales preparing for another leg up... or something else...

but probably just stupid ETF buyers selling

Your "strong" defense of the topic bolsters my earlier assertions regarding that it is likely pretty damned close to irrelevant..

hahahahaha