Post
Topic
Board Speculation
Merits 7 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 03/05/2024, 04:38:34 UTC
⭐ Merited by El duderino_ (5) ,JayJuanGee (1) ,vapourminer (1)
...

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.

...price dropped 50% because of the China ban and obvious chinese miners disconnect due to the ban.
The ban came first.